National Association of Corporate Directors

And I was astonished at that response.

And so asking questions as a board member, hey, by the way, what's our curriculum? And it's not just a single source of information, NACD, or the predictable people.

But it goes much deeper.

And it's making sure that people have access to attend.

Now, that's the typical scenario.

And there's real solid thought leadership from organizations such as the National Association of Corporate Directors that suggest that there should be a role for governance at some level to engage with manager in major tech-driven restructurings.

For example, the NACD papers encourage boards to make sure that these kinds of restructurings or displacements augment rather than replace human capabilities.

And that is a policy question.

But there is a very popular chapter in that book, which I think you've written some articles about and other things, which is how do you fire a board member, right? We talk a lot about bringing on board members, but

how do you get rid of them? The funny thing about that article is that when I published a book in 2017, the National Association of Corporate Directors, NACD, Directorship Magazine called me and said, hey, we'd like to review the book.

And I said, wow, that's great.

Thank you.

Um, so that's the search committee.

And then one last thing I'll mention is that, um, I- what's really been important to me because of my, um, deep experience with governance, you know, I'm a former member of the National Association of Corporate Directors and, um, you know, I know quite a bit about governance.

Um, and so I've, I've, uh, asked a lot of questions about governance this, uh, past year and, um, I know that this year's board, again, Meli- under Melinda's leadership, they've taken the baton and they're gonna be considering, um, governance.

Um, you know, just to remind everybody, uh, back when, um, our governance structure was reformulated in around 2018, um, I think it was designed in 2017 and implemented in 2018, or maybe I'm off a year, but, um, y- everybody was in agreement that after, uh, a few years we would take a, a, a fresh look and kinda revisit to s- see if we need to make any adjustments to governance.

Many companies don't have procedures for off-boarding directors, so how can boards approach a conversation that's often overdue and uncomfortable? [instrumental music playing] Welcome to BoardVision, the official podcast of the NACD, the National Association of Corporate Directors.

We share perspectives from leading corporate directors and explore what makes boards effective, including how they can help companies prepare for the future.

In this episode, Evelyn Dilsaver, a director on the board of Baylard Health Equity and SomniGroup International, speaks with NACD advisor Susan Paley.

Together, they unpack director off-boarding.

They discuss what may cause a director to step down, how boards can handle departures with care, and why succession planning is crucial.

Have you heard about the benefits of NACD's certification program? Today's boards operate in a dynamic and rapidly evolving world.

The National Association of Corporate Directors provides directorship certification that sets the standard for high impact board directors.

It's more than certification.

Um, I, uh...

so, so one program that is inexpensive, y- you know, Private Directors Association has a great program, inexpensive, versus, say, NACD, which also has a great program, but do you need that? Because it's more focused on public boards.

So when we're thinking our first board seat, is that something you need? There are really great options through most of the Ivy League colleges as well, so, like, Harvard has a great program, Wharton has a great program.

Do you need, do you need that to be board ready? No.

As a longstanding member of BDO's executive leadership team, he played a pivotal role in shaping the firm's future, contributing to key initiatives such as the establishment of BDO's Employee Stop Ownership Plan, or ESOP, major expansions, and strategic partnerships.

A National Association of Corporate Directors NACD Fellow, Matt's board experience and commitment to long-term value creation have made him a trusted advisor to companies and clients alike.

Beyond his professional responsibilities, Matt has served or continues to serve on the boards for organizations throughout Michigan.

Matt, thank you so much for joining me today.