Director Recruiting

Foley Partner Peter Underwood moderated the panel, which included Charles King, Managing Director and CEO of Korn/Ferry International, Christine Marx, General Counsel and Corporate Secretary of The St. Joe Company, Adam Ross, Associate Vice President of NASDAQ, and Stephanie Streeter, Director of Kohl’s Corporation. The presentation focused on the issues and challenges associated with recruiting qualified candidates for membership on a corporation’s board of directors. Among the issues discussed were the processes typically followed in recruiting a new director; obstacles and impediments frequently faced by corporations in the recruiting process, including the impact of the Sarbanes-Oxley Act and increased time commitment typically required of directors; and the definition and desirability of diversity in the board room.