The National Association of Corporate Directors (NACD) released the report of the 2019 NACD Blue Ribbon Commission initiative; Calvert is a member, Fit for the Future: An Urgent Imperative for Board Leadership.
The NACD leadership recognizes that successful corporate governance and board leadership must adapt to the rapidly changing operating environment and competitive landscape that makes the concept "the only constant is change" a reality across industries. This is an ambitious report, calling not for adjustments, but for a different modus operandi from the prevailing board governance model.
The NACD represents more than 20,000 board members, who are appropriately interested in understanding how best to navigate the many intensifying business changes that our current landscape presents. Many of these changes involve environmental, social and governance (ESG) issues, as boards are increasingly developing or enhancing plans to deal with rapidly evolving expectations for the role corporations play in society, especially related to environmental and social issues; entirely new competitive threats from rapidly growing companies in China, Taiwan, Korea, India and other countries; data privacy and cybersecurity threats from internal and external vectors, and the changing cultural demands of a more diverse and tech-savvy workforce.