A Call for Transparency Amid a Shifting Legal and Regulatory Landscape

1 min read

法規制の複雑化に伴い、取締役会の善管注意義務と忠実義務が問われています。公正さと透明性を求める新たなトレンドは、取締役にとって非常に重要です。取締役会が善管注意義務と忠実義務の責任を果たすには、適切な目標と戦略、適切な指標と測定方法、効果的なパフォーマンス・モニタリングの規律を確立するための積極的な取り組みが必要です。また、投資家やその他のステークホルダーに対して適切な期待を設定し、その期待に応えるための会社の進捗状況を公正かつ透明な方法で報告することも必要です。これらの行動を適切に行うことで、市場における信頼と信用を生み出すことができます。本稿では、取締役協会に関連する法規制環境の変化に寄与する10のトレンドについて考察します。

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By the numbers: There are important trends contributing to a shifting legal and regulatory landscape. They fall under 3 categories:

Legal — Includes evolution of the Caremark standard, escalating books and records exposure.
Regulatory issues — Includes heightened scrutiny and enforcement, expanded disclosures to investors, proliferating data privacy laws.
Litigation — Includes civil actions resulting from cybersecurity and data breaches, D&O exposure, shareholder derivative suits.

The bottom line: There are actions boards can take to shore up their governance and oversight in light of these trends.

Today’s dynamic legal and regulatory landscape points to a vital message: Trust is an essential element of an organization’s success and reputation.
Trust is earned through setting and articulating credible goals and strategies, establishing accountability for results, and emphasizing fairness and transparency in market-facing communications.
The rise of stakeholder capitalism makes it important for boards to prioritize building and maintaining trust in their decision-making and communications with management.

Go deeper. Read more here, including 10 examples of key trends as well as diagnostic questions for directors that provide a framework for them to consider as their boards facilitate discussions with management, including the general counsel.

(Board Perspectives — Issue 163)

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