Although focused on ESG oversight committees, the underlying principles set out in Broc Romanek’s new post: “Changing a Board Committee’s Name: Three Practical Considerations” apply equally to other committee name changes as well. Generally speaking, consider the length of new committee names—and wordy committee names in particular—in the context of the likely use of acronyms or short-hand references that may be off-putting, and consider each word of the name on a standalone basis and in context to ensure it is necessary and resonates with your board and committee structure. This is one area where companies have significant flexibility and can tailor the nomenclature to their board’s specific facts and circumstances.
See our prior report: “Board Committee Refresh” and additional resources on our Board Committees and Board Practices/Governance Practices pages.
This post first appeared in the weekly Society Alert!