This week we highlight Ernst & Young’s publication, “Board Committees Evolve to Address New Challenges.” To better address evolving responsibilities, boards are increasingly creating additional committees beyond the three key committees that oversee the critical board responsibilities of audit and financial reporting, executive compensation, and director nominations and board succession planning. The EY Center for Board Matters reviewed board structure at S&P 500 companies between 2013 and 2016 and noted five observations about how S&P 500 boards are structuring committees to address oversight challenges, including that executive committees are the most common type of additional committee and that compliance, risk and technology committees saw the most growth.
Recommended Reading: Board Committees Evolve to Address New Challenges
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