RICHARD LEBLANC, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PHD, is an award-winning teacher, professor, lawyer, management consultant, and specialist on boards of directors. He teaches corporate governance at York University, where he is director of the Graduate Program in Financial Accountability, and has taught corporate governance at Harvard University. Dr. Leblanc heads [...] a board consultancy practice, advising boards of directors and individual directors.

Foreword by Bonnie Lysyk, MBA, FCPA, FCA, LPA, ICD.D xix

Preface xxi

About the Editor xxv

1 The Board Governance Handbook: An Introduction and Overview 1
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

I Hiring, Evaluating, and Dismissing the CEO 33

2 CEO Succession Planning 35
David F. Larcker, BS, MS, PhD Brian Tayan, BA, MBA

3 Incrementalism Is Not Going to Work 55
Raj L. Gupta, BS, MS, MBA Dan Bigman, BFA

4 Model President and CEO Position Description 63
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

5 Model President and CEO Annual Performance Evaluation and Incentive Compensation Policy 71
Richard W. Leblanc, FCMC, CMC- AF, BSc, MBA, LLB, JD, LLM, PhD

6 Board Oversight of Possible CEO Misconduct 87
Richard W. Leblanc, FCMC, CMC- AF, BSc, MBA, LLB, JD, LLM, PhD

7 Model CEO Succession Planning Charter 109
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

II Strategy and Investors 117

8 The Three Dilemmas for Creating a Long- Term Board 119
Ariel Fromer Babcock, BA, CFA, Robert G. Eccles, SB, SB, AM, PHD Sarah Keohane Williamson, BA, MBA, CAIA, CFA

9 Pension Fund Governance: Working Under Tension 151
Bryan Campbell, PhD Michel Magnan, PhD, FRSC, FCPA, Auditor, FCA, ASC, CDir

10 A Critique of the Investment Fund Governance Regime in Canada 163
André Fok Kam, BSc, MBA, FCA

11 Third Stage Corporate Governance: Investors and Companies Divided by a Common Language 183
Jon Lukomnik, BA James P. Hawley, BA, MA, PhD

III Technology Governance 195

12 Technology and the Corporate Board: Critical Considerations Going Forward 197
Gary L. Evans, Dip CS, BA, Hons Bcomm, MBA, PhD

13 Questions the Board Should Ask About Artificial Intelligence 233
Timothy E. Storus, LLB, ICDD

14 Artificial Intelligence Governance Standards 243
Sam De Silva, LLB, BMS, MBS, DBA, FCIPS, CITP, FBCS, FRSA Barbara Zapisetskaya, BA, LLB

15 Fair Warning Has Been Given: What Do Directors Need to Do Now to Respond to Cyber Risk? 263
Lloyd Komori, BA Dip IT, CDir, ACC, HRCC

16 Cyber Risk from an IT Leader's Point of View 285
Michael Castro, CDir, ASC, MBA

17 Cyber Legislation, Standards, and Practices: An Overview for Directors 295
S. David Craig, PEng, MBA, CRISC, ICDD

IV Environment, Social, and Governance 315

18 Environmental, Social, and Governance Issues and the Board 317
Cynthia E. Clark, BA, MA, PhD

19 ESG'S Growing Pains 335
Nell Minow, BA, JD

20 Shareholders, Stakeholders, and Tangible and Intangible Capitals 365
James E. Nevels, AB, MBA, JD, LLM

21 Responsible Boards for a Sustainable Future: Not ESG but G(ees) 383
Yilmaz Argüden, BS, PhD Gizem Argüden Oskay, BSc

22 Board Oversight and Climate Change: What Directors Need to Know 425
Patricia A. Koval, BA, JD, MBA

23 Business Reconciliation: Calls to Action #92 Board and Business Imperative 467
Gary L. Evans, Dip CS, BA, Hons BComm, MBA, PhD Corinne Chappell, MEd, MEd, EdD David D. Varis, BA, MA

24 CEO Political Activism: Corporate Governance and Ethical Dimensions 489
John M. Holcomb, BA, MA, JD

25 Business and the Social Agenda: C- suite Activism, Corporate Responsibility, Workplace Trust, and the Board's Role 505
Sally J. Curley, BA, MBA, IRC Carol Nolan Drake, BA, JD

26 A CPA's Primer on EDI: What Directors Should Know About Equity, Diversity, and Inclusion Audits 525
Romi-Lee Sevel, MFAC, CPA, CA

27 Making Diversity Work 535
John Zinkin, BA, MSc Chris Bennett, MBA

28 An Introduction to Regenerative Governance 559
J. Lyn Mcdonell BA, MA, FCMC, CDir

V Financial Governance 589

29 Financial Literacy and Audit Committees: A Primer for Directors and Audit Committee Members 591
Jason Masters, BEc, FAICD, PFIIA

30 What Every Director Needs to Know About Insolvency 617
Virginia Torrie, JD, LLM, PhD

31 Ten Telltale Signs of Possible Fraud: A Director's Primer 633
James Hunter, FCPA, FCA

32 Scary Financial Reporting Issues for Directors 643
Dr. L.S. (AL) Rosen, FCA, FCMA, FCPA, CFE, CIP

VI Emergency and Crisis Governance 657

33 Considerations for Emergency Board Succession Planning Under the Worst-case Scenario 659
Jack L. Rozdilsky, PhD

34 COVID-19 and Beyond: The Persistence of Intersectionality in Management: Reflections for Management in a Post-pandemic World 681
Richard Gasparini, CM, CIM, CMGR, FCMI, FSALS, FInstLM, FRSA, BA, MBA, LLM, JD, PhD

35 Preparing for Governance of Complex Disasters: Social Dimensions, Knowledge Systems, and Systemic Mitigations 715
Eric B. Kennedy, BKI, MSc, PhD

36 Disaster Management and Risk Assessment 727
David Etkin BSc, BEd, MSc

VII Risk Governance 735

37 Risk Oversight for Directors: A Practical Guide 737
Stephen J. Mallory ICDD, FCIP, CRM, BA

38 Risk Governance: Leading Practice and Demographic Impacts 759
Ingrid Robinson MFAc, BComm, CPA, CIA, CRMA

39 Board Risk and Responsibility Under Regulatory and Criminal Law 781
Norm Keith, B.A., J.D., LL.M., CRSP

VIII Human Capital and Compensation Governance 801

40 Winter Is Closer: The Approaching ESG and Human Capital Management Reporting Storm 803
Solange Charas, BA, MBA, PhD William L. Prickett, BA, JD

41 Measuring and Assessing Employee Value Added: Board Oversight of Human Capital 835
Stephen F. O'Byrne, BA, MS, JD

42 Missing in Action No Longer: Why Human Resources Is Integral to the Corporate Boardroom Agenda 849
Jay A. Conger, BA, MBA, DBA Edward E. Lawler III, BA, PhD

43 Questions Boards Should Discuss Before Adding or Modifying ESG Goals in Executive Incentives 863
Patrice Gélinas, ASA, CFA, BSc, MBA, PhD

44 Measuring and Improving Pay for Performance: Board Oversight of Executive Pay 873
Stephen F. O'Byrne, BA, MS, JD

45 Lawyers' Advice to Directors on Overseeing Executive Pay 901
Howard Levitt, BA, JD Alyson Lee, BSc, MSc, JD

46 The Effective Compensation Committee 917
Steven E. Hall, BA, MBA

IX Legal, Ethical, and Conduct Governance 945

47 Model Individual Director Position Description 947
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

48 Fifty Question Areas When Conducting a Governance Audit or Investigation 953
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

49 Model Director Code of Conduct and Conflict of Interest Policy 983
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

50 A Board's Responsibility for Enterprise Risk and Cultural Oversight: A Closer Look at Chiberl Health 997
Sally J. Curley, BA, MBA, IRC CEO, Curley Global IR, Llc (cgir) Carol Nolan Drake, BA, JD

X Board Leadership 1011

51 The Changing Nature of the Board Chair's Role 1013
Parmi Natesan, BCom, BCom Hons, CA(SA), CD(SA) Prieur Du Plessis, BSc, BHons, MBA, IDP, CD(SA), DBA

52 Model Chair of the Board Position Description 1025
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

53 Model Committee Chair Position Description 1033
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

54 Model Board of Directors' Guidelines 1039
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

55 Mission-critical Checklists for Directors 1049
Michael Useem, BS, MA, PhD

56 Model Guidelines for In-camera and Closed Sessions of the Board of Directors and Committees of the Board 1059
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

57 Model Board of Directors Virtual and Hybrid Meeting and Work from Home Policy 1067
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

58 Asking Good Questions as a Director 1079
J. Lyn Mcdonell, BA, MA, FCMC, CDir

XI Board Structure, Composition, and Effectiveness 1099

59 Re- empowering the Control Function of Boards 1101
Marie- Soleil Tremblay, BAA, MBA, PhD, FCPA, FCA Bertrand Malsch, MBA, MSc, LLB, BCL, PhD

60 Administering a Director Competency and Attribute Matrix 1113
Richard W. Leblanc, FCMC, CMC- AF, BSc, MBA, LLB, JD, LLM, PhD

61 Wisdom and the Board: Seeking and Developing Wise Leadership 1123
Chris Anstead, BA, MA, PhD, CDir

62 Model Director Orientation Policy 1141
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

63 Model Director Education Policy 1149
Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

64 Understanding Groupthink to Manage Teamwork Effectively Within Boards of Directors 1155
Sylvie St- Onge, BAA, MSc, PhD, ASC, CRHA Distinction Fellow

65 Groupthink and Its Impact on Board Work 1177
Sue Owen, HBSc, MHSc, CHE

66 The Seasons of a Director's Effectiveness 1187
Jill Brown, BA, PhD, Ann Mooney Murphy, BS, MBA, PhD Andrew Ward, BSc, MBA, PhD

XII Not-for-profit, Private, and State-owned Enterprise Governance 1213

67 A Primer on Charitable and Not-for-profit Organization Governance 1215
Donald J. Bourgeois, BA (Hons), LLB

68 Some Observations on the Governance...