The National Association of Corporate Directors (NACD) is the recognized authority focused on advancing exemplary board leadership and establishing leading boardroom practices. Informed by more than 35 years of experience, NACD delivers insights and resources that more than 15,000 corporate director members rely upon to make sound strategic decisions and confidently confront complex business challenges.
NACD provides world-class director education programs, national peer exchange forums, and proprietary research to promote director professionalism, ultimately enhancing the economic sustainability of the enterprise and bolstering stakeholder confidence. Fostering collaboration among directors, investors, and governance stakeholders, NACD is shaping the future of board leadership (Source: www.NACDOnline.org).
In this Wall Street View, our host spoke with Steven Walker, General Counsel & Managing Director of the National Association of Corporate Directors (NACD) at the Growth Capital Expo 2015 in Las Vegas, NV.
A speaker and panel member at the Growth Capital Expo, Mr. Walker came to Vegas to discuss, “We focus in our panel on the importance of good governance on MicroCap, pre-IPO, and post-IPO small-cap companies. As you are probably aware, over 75% of activist campaigns are focused on small-cap, MicroCap companies; people just don’t realize that – they only know about what they read about in the paper, and only the big companies make the news. But, the real activity is going after small boards and really looking at their quality, their skill sets, and are the qualified, and are they competent in what their doing.”
He continues when asked about what makes a good corporate director, “NIFO, which means, ‘Noses In, Fingers Out’, and that’s really what we tell directors. You’re there to really stick your nose in and ask and create constructive tension, but you’re not supposed to run the business; you’re not there to operate the business, but you are there to provide counsel, oversight, think about things like competitive disruption, innovative disruption, be helping the management team think about getting outside their mind, which is the next quarter. You should be thinking about as a director, what’s happening in 5 years; what could come in that could bring innovation that could make us obsolete basically.”
For more information about Steve Walker and National Association of Corporate Directors, go to: www.NACDOnline.org
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