“Finding ESG a Home: How to Choose a Board Committee to Oversee Environmental, Social, and Governance Matters” from Clermont Partners offers pros and cons associated with allocating ESG oversight to the Audit/Risk Committee, Compensation Committee, Nominating/Governance Committee, a standalone Sustainability/ESG Committee, or the full board. While the firm suggests companies consider these potential upsides/downsides in their decision-making about board oversight structure, the overarching message of the post is that boards just need to make a decision and move forward rather than getting hung up at the decision-making stage, which can hamper important progress.
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This post first appeared in the weekly Society Alert!