We examine the expectations that
various stakeholders have of the corporate director in a series of reports based
on roundtables with different groups: proxy advisors, directors, passive and
active investors, corporate secretaries, hedge funds, academics, Delaware bench
and bar, media, and regulators. We ask each group to consider how the role of
the director has evolved, what the current range of expectations is, and where
gaps in understanding have resulted in conflict. Our goals are to provide
direction to corporate directors and foster a common understanding among market
participants of how to view the job of the corporate
director.