Enrich Board Development to Ensure the Best Possible Board

NIP assists corporations in the recruitment of directors and director education.  Corporate governance continues to undergo substantive changes and we help ensure that directors understand their primary roles, their legal responsibilities, and the impact of any decisions made.  Priorities must be sufficiently formalized for boards to enable them to do their job as the “overseers” and “strategists” of the company. 

NIP helps ensure that…

• Boards know whether or not management has adopted reliable procedures to determine the accuracy of all public finance statements required by the Sarbanes-Oxley Act.
• Boards are well informed not only on cash flow vs. earnings, but also how and from which information system these estimates were derived and roles played by internal and external auditors in the validation of the information from which the estimates were derived.
• Boards employ consistent benchmarking measures which are linked to existing corporate strategies to enable them to have a significant foundation for determining whether management is performing at the requisite level.
• Boards have procedures in place to familiarize themselves with alternative strategies and innovative products, and structure their meetings so that issues central to the performance of the company are given sufficient time for the board to consider options, and not simply listen to reports
• Board compensation committees grant bonus awards only for the superior performance of that company relative to is competitors and options where strike prices are net of the effect of market wide value increases.
• Boards are assured of the integrity of management, and compensation arrangements only reward extraordinary performance of dedicated leadership