Fixing Governance Gaps: Why the Three-Committee Board Structure Is Outdated [Society for Corp Gov]

In this episode, Doug Chia sits down with Paul Washington, president and CEO of the Society for Corporate Governance, to explore how public company board committees ended up with the familiar Audit, Compensation, and Nominating & Governance structure and why that structure may no longer match the demands boards face today. Paul explains how the post-Enron regulatory environment solidified the three-committee model and why simply handing emerging issues to existing committees is creating frustration for both boards and management.Together, Doug and Paul walk through the gaps left by the current structure and outline a practical, step-by-step process to reassess what work is done where. They discuss how clarifying committee responsibilities can streamline board agendas, strengthen oversight, and improve alignment with management. The conversation offers concrete guidance for governance professionals seeking to optimize committee workload, sharpen accountability, and ensure the board is adding value in the right places.Send us Fan MailTo learn more & get resources:Podcast & episodes: www.publiccompanyseries.comDownload the book: www.nyse.com/pcsSubscribe now to hear insights from the most respected voices in corporate law and governance.