Board Composition

Governance Risk
Board Composition

Board Composition

Ensuring optimal board balance is fundamental to ensuring that strategy is guided for the long-term success of the company
Ensuring optimal board balance is fundamental to ensuring that strategy is guided for the long-term success of the company

LAPFF considers effective boards have a balance of executive and non-executive directors with broad experience who are in a position to act independently and hold executive management accountable for their actions.

 

LAPFF has built up long-term relationships with a number of companies that are most widely held by member funds and engagement aspires to establish a better understanding of the drivers of value creation at each company and how the board functions as a whole to ensure this is maximised.

 

Many factors are taken into account including: directors’ skills, background and experience; overall board size; and whether there is a separation of powers. On this latter issue, LAPFF pushed for independent chairmen at Marks and Spencer and News Corp.

 

The Forum also explores the relationship between executive and non-executive directors, tenure, succession planning and executive pipeline development, including from the perspective of diversity.

 

In collaborative engagement, LAPFF works with other investors dependent on the company and issue of concern. This has included US and European partners as well as UK investors.

Board Composition Publications

  • Policy Positions
    20th May 2016
    LAPFF has adopted a number of policy positions in its engagement with companies and regulators on a variety of...
    Read More

Board Composition News

 

Board Composition

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