The world of digital Directors’ and Officers’ Questionnaires is evolving. Governance teams using digital questionnaires know the advantages they have over paper forms. CBE offers governance teams and their boards a full-service approach to administering D&O Questionnaires to make the process faster, simpler, and more secure.

Kaley Childs Karaffa of CBE works closely with corporate secretaries and general counsel to ensure the efficient administration of their D&O Questionnaire processes. Joan Conley, SVP and Corporate Secretary at Nasdaq, spoke with Kaley recently to share her insights on utilizing digital Directors’ and Officers’ Questionnaires and working with CBE.

KCK: Nasdaq first contracted with CBE in 2016 to facilitate its Directors’ and Officers’ Questionnaire. What factors and considerations drove Nasdaq to move to a digital D&O Questionnaire?  

JC: Sheer frustration with the onerous nature of paper questionnaires. Completing and verifying Directors’ and Officers’ Questionnaires is a time-consuming process for directors, officers, and the legal and governance teams. Directors are required to complete the questionnaire not only as part of the annual proxy and 10-K process, but also whenever there is a change in their position or a change in ownership. Due to the dynamic nature of the lives of directors, their relevant information, and changing regulatory and accounting standards, directors were having to complete questionnaires in their entirety two or three times a year. The paper format offered no opportunity to provide directors with pre-populated data to show the history of their responses and provide a clear information upon which companies can act and ensure compliance.

KCK: What are the key differentiators of digital Directors’ and Officers’ Questionnaire service providers in the market place? Why did Nasdaq select CBE as its service provider?

JC: Nasdaq jumped at the opportunity to sign on with CBE for its digital D&O Questionnaire process. The only other option we considered was to do it internally, which would have been a time consuming and costly endeavor to create the software required to create an optimal experience. CBE’s key differentiators were the expertise of the team in both the legal and technology sectors and the sophistication of CBE’s technology that their team designed to meet the complexity of D&O Questionnaires. The ability to prepopulate directors’ and officers’ information and carry their history year over year provides a significant advantage in ease of use for the directors and offices and for the company in having a clear record. Companies considering a digital format will also look at pricing and the service provider’s commitment to innovation for the future. It is important for the provider to show they are thinking about how to continue to develop and improve the process for the directors, officers, and the legal and governance teams. CBE’s team has consistently shown commitment to continuous improvement and innovation.

KCK: Most companies are still using paper questionnaires. What would you say to them?

JC: If you’re still using paper D&O Questionnaires, you need to get into the 21st century. We file our taxes digitally. The digital process modernizes an old-school workflow. The end client – the director – will love the convenience and the efficiency of the digital D&O Questionnaire. They can do it online, anywhere, at their convenience, and easily review their information.

KCK: What are the key benefits of CBE’s digital Directors’ and Officers’ Questionnaires for the legal/governance team who manage the questionnaire, directors and officers who complete the questionnaire, and the company as a whole?

JC: It is a very streamlined and efficient process for all. Paper questionnaires required a lot of back and forth. We had to FedEx each director and officer the current year’s questionnaire as well as the questionnaire they completed previously, so that they had to review two 40+ page questionnaires that included questions that weren’t relevant to them. Then the director/officer completed and mailed back the form; we reviewed it and sent it back for corrections, clarifications, and completions. The director/officer made the corrections and sent it back; it was an inefficient, expensive, and frustrating cycle for all involved. With a digital format, the data is immediately available. It is an efficient and more accurate process.

We also love the summary report we get from CBE. It is a key differentiator in showing CBE’s sophistication and understanding of all aspects of the D&O Questionnaire from the perspectives of the directors and officers, the governance and legal team, and the company. The summary report helps with preparing the 10-K and with reviewing the related-party information and prohibited list for trading stock.

KCK: What feedback have you received from your directors, officers, and internal team since using CBE’s digital Directors’ and Officers’ Questionnaire? Any concerns from directors about providing their personal information on a digital form?

JC: Our directors love the digital format. As our board evolves, we are adding directors who are increasingly digital natives. There is a high level of trust in the process, because the directors and officers know the company has been selective with respect to whom they trust with the data.

KCK: How does a company adopting a digital Directors’ and Officers’ Questionnaire signal its commitment to innovation in the boardroom and efficient governance practices?

JC: Utilizing a digital D&O Questionnaire signals that a company and its board are innovative and forward-thinking. Boards are changing, and we need to be thinking about the next generation of directors who will be more of the digital age. Using a digital format is just the beginning. CBE’s history has shown that they will continue to be a leader in the field, building even more efficiencies and improvements to the process in the future.


At CBE, our digital D&O Questionnaire and Board Excellence Assessment TM  processes emphasize meaningful and excellence-driven board practices at every step. We see governance not only as a tool or structure, but as a commitment to action and opportunity.

Call us at 800.645.1976 with your questions about:

NEW YORK and GREENSBORO, N.C., Oct. 01, 2019 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) announced today its acquisition of the Center for Board Excellence (CBE), a privately-held provider of corporate governance and compliance solutions for boards of directors, CEOs, corporate secretaries, and general counsels. Nasdaq plans to combine CBE with its Nasdaq Governance Solutions business, which operates award-winning1 board portal and collaboration technology solutions. The combination establishes a leading provider of technology, research and insights, and consultative services designed to advance governance excellence and collaboration at public, private, and nonprofit organizations worldwide.

“CBE will allow Nasdaq to expand our reach within the boardroom, where we serve as a strategic governance partner to the thousands of directors, leadership teams, and governance professionals who rely on Nasdaq’s technology and insights to elevate their governance,” said Michael Bartels, President, Nasdaq Governance Solutions. “With CBE, our enhanced offering will help streamline collaboration and the assessment process at public, private, and nonprofit companies that seek corporate governance excellence.”

Founded in 2010, CBE’s portfolio of solutions include: board and committee assessments; director peer assessments; CEO and management evaluations; and directors’ & officers’ questionnaires, and other compliance questionnaires. Since 2017, Nasdaq Governance Solutions has partnered with CBE to solve a wide range of corporate governance needs in the public, private, and not-for-profit business environments.

“A commitment to corporate governance and board excellence is a vision CBE shares with Nasdaq and our clients,” said Byron Loflin, Founder and CEO of CBE. “CBE is delighted to join the Nasdaq team in our united mission to deliver the best and most innovative governance solutions available to board leaders today.”

CBE will remain focused on delivering board excellence products through its EnGaugeTM platform that includes the premier board performance and CEO evaluation process, and the standard in digital director and officer questionnaires and disclosure solutions.

Nasdaq Governance Solutions helps public, private, and non-profit organizations reimagine how to manage corporate governance practices. Our board portal technologies, Nasdaq Boardvantage® and Directors Desk, are designed with an intuitive interface and robust security features to streamline meeting processes, accelerate decision-making and meet the critical needs of boards, committees, and leadership teams. In addition, today’s governance leaders have access to the Nasdaq Center for Corporate Governance, a global information and research hub to accelerate the understanding of emerging corporate governance and sustainable business trends. Working together, the Governance Center and CBE will provide global macro and micro corporate governance insights and innovation.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit www.nasdaq.com.  

About the Center for Board Excellence

Founded in 2010, the Center for Board Excellence is the corporate governance leader producing board assessments and related governance and compliance services globally. CBE’s team of developers, governance experts, and attorneys innovate to streamline laborious, costly and previously paper-based processes through its proprietary EnGaugeTM cloud-based platform. CBE’s solutions create efficiencies that save directors, officers, attorneys, and governance professionals substantial time, effort, and money, drive strategy, and improve the total quality of compliance and governance. For more information, please visit the company’s website at: www.boardevaluations.com.  

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to the acquisition by Nasdaq of CBE and the benefits of the transaction, and statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

1 Nasdaq Boardvantage is recognized as a 2019 American Business Awards Bronze Stevie Winner for Sales & Customer Service; 2018 American Business Awards Gold Stevie Award Winner for Best New Product of the Year, Bronze Stevie Award Winner for Software Customer Service Department of the Year, and Bronze Stevie Award Winner for Front-Line Customer Service Team of the Year; 2018 RiskTech 100 Category Winner for Operational Risk & GRC; and 2018 6th Annual Best in Biz Awards International Winner.

Media Contact:

Will Briganti
Nasdaq
(678) 504-6097
william.briganti@nasdaq.com

We’re in Washington DC for the Society of Corporate Governance National Conference. There’s nothing like forefathers and experience to bring together America’s top governance professionals. Stop by booth #25 and say hello to a Board Excellence Expert.

This year, we’ve joined forces with Nasdaq’s Board & Leadership Solutions team. Both teams will be onsite to walk you through how CBE’s governance workflow integrates with the Boardvantage Portal to bring better answers to the Boardroom.

On Thursday, Check out Joan Conley, Senior Vice President & Corporate Secretary for Nasdaq on the Service Provider Panel on Technology and Software Solutions.

This year’s agenda includes sessions on ESG, crisis management, corporate culture, SEC developments and more. This year, the national conference will have customized event itinerary designed for private companies, small and mid-cap companies and large-cap companies. There’s also a single day registration for non-profit organizations.

Speakers include:

  • J.D. Vance, New York Times best-selling author of Hillbilly Elegy
  • Robert J. Jackson Jr., Commissioner, U.S. Securities and Exchange Commission
  • Eric Holder, Former Attorney General of the United States
  • Kate Andersen Brower, best-selling author of The Residence: Inside the Private World of The White House
  • The Honorable Karen Valihura, Justice, Supreme Court of Delaware

The Center for Board Excellence is a proud Organizational Partner for the Society of Corporate Governance.

New York and Greensboro, NC, June 28, 2017 – Nasdaq Corporate Solutions, a business of Nasdaq, Inc. (Nasdaq: NDAQ), announced today a new partnership with The Center for Board Excellence (CBE), a provider of board assessments and compliance questionnaires. In the first phase of the partnership, Nasdaq Corporate Solutions will facilitate introductions for users of Directors Desk and Boardvantage – Nasdaq’s board portal and meeting management solutions – to CBE’s cloud-based corporate governance solutions including: board and committee assessments; director peer assessments; CEO and management evaluations; and directors’ & officers’ questionnaires. Later this year, the parties plan to offer an integrated workflow between Nasdaq’s board portal solutions and CBE’s EnGaugeTM platform, making it even easier for users to elect to benefit from these CBE offerings.

“Through our new relationship with CBE, the thousands of CEOs, corporate secretaries, general counsels, directors, and board chairs in over 70 countries who rely on Nasdaq Corporate Solutions will gain access to industry-leading corporate governance resources,” said Stacie Swanstrom, Executive Vice President and Head of Nasdaq Corporate Solutions. “We are excited about the prospect of offering our clients a solution that will be designed to streamline the assessment and questionnaire processes for faster, more efficient, and more effective results.”

Since its acquisition of Boardvantage in May 2016, the Nasdaq Corporate Solutions business of Nasdaq, Inc. has invested in enhancements to both the Directors Desk and Boardvantage portals to support better workflows in response to client feedback. “This new feature is a continuation of Nasdaq’s commitment to improving our users’ experience by offering solutions that have the potential to impact their productivity both in the boardroom and beyond,” added Matthew Healy, Vice President and Head of Governance at Nasdaq Corporate Solutions.

“CBE is proud to work with Nasdaq Corporate Solutions to deliver solutions for corporate governance excellence on a global scale. Forward-thinking leaders and investors use our metrics and innovative tools to reduce risk and streamline governance,” said Byron Loflin, CEO of CBE.

To learn more about Nasdaq Corporate Solutions, visit http://business.nasdaq.com/intel/cs.html.

About Nasdaq:

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: business.nasdaq.com.

About the Center for Board Excellence:

Founded in 2010, the Center for Board Excellence has built the leading platform for board and CEO assessments, plus other governance compliance tasks. CBE’s team of developers, leaders, and attorneys innovate to streamline laborious, costly and previously paper-based processes through its proprietary EnGaugeTM cloud-based platform. CBE’s solutions create efficiencies that save directors, in-house counsel and governance professionals substantial time, effort, and money, helping drive strategy and improve the total quality of compliance and governance. For more information, please visit the company’s website at www.boardevaluations.com.

This communication and the content found by following any link herein are being provided to you by Nasdaq Corporate Solutions, a business of Nasdaq, Inc. ( “Nasdaq”), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Nasdaq, the Nasdaq logo, and Nasdaq Corporate Solutions are registered and unregistered trademarks, or service marks, of Nasdaq, Inc. or its subsidiaries in the U.S. and other countries. © Nasdaq, Inc. 2017. All rights reserved.

###

Nasdaq Media Contact:

Will Briganti
(646) 441-5012
william.briganti@nasdaq.com

NDAQG

To download the original release from NASDAQ click here

New York and Greensboro, NC, June 28, 2017 – Nasdaq Corporate Solutions, a business of Nasdaq, Inc. (Nasdaq: NDAQ), announced today a new partnership with The Center for Board Excellence (CBE), a provider of board assessments and compliance questionnaires. In the first phase of the partnership, Nasdaq Corporate Solutions will facilitate introductions for users of Directors Desk and Boardvantage – Nasdaq’s board portal and meeting management solutions – to CBE’s cloud-based corporate governance solutions including: board and committee assessments; director peer assessments; CEO and management evaluations; and directors’ & officers’ questionnaires. Later this year, the parties plan to offer an integrated workflow between Nasdaq’s board portal solutions and CBE’s EnGaugeTM platform, making it even easier for users to elect to benefit from these CBE offerings.

“Through our new relationship with CBE, the thousands of CEOs, corporate secretaries, general counsels, directors, and board chairs in over 70 countries who rely on Nasdaq Corporate Solutions will gain access to industry-leading corporate governance resources,” said Stacie Swanstrom, Executive Vice President and Head of Nasdaq Corporate Solutions. “We are excited about the prospect of offering our clients a solution that will be designed to streamline the assessment and questionnaire processes for faster, more efficient, and more effective results.”

Since its acquisition of Boardvantage in May 2016, the Nasdaq Corporate Solutions business of Nasdaq, Inc. has invested in enhancements to both the Directors Desk and Boardvantage portals to support better workflows in response to client feedback. “This new feature is a continuation of Nasdaq’s commitment to improving our users’ experience by offering solutions that have the potential to impact their productivity both in the boardroom and beyond,” added Matthew Healy, Vice President and Head of Governance at Nasdaq Corporate Solutions.

“CBE is proud to work with Nasdaq Corporate Solutions to deliver solutions for corporate governance excellence on a global scale. Forward-thinking leaders and investors use our metrics and innovative tools to reduce risk and streamline governance,” said Byron Loflin, CEO of CBE.

About Nasdaq:

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion.

About the Center for Board Excellence:Founded in 2010, the Center for Board Excellence has built the leading platform for board and CEO assessments, plus other governance compliance tasks. CBE’s team of developers, leaders, and attorneys innovate to streamline laborious, costly and previously paper-based processes through its proprietary EnGaugeTM cloud-based platform. CBE’s solutions create efficiencies that save directors, in-house counsel and governance professionals substantial time, effort, and money, helping drive strategy and improve the total quality of compliance and governance. For more information, please visit the company’s website at www.boardevaluations.com.

This communication and the content found by following any link herein are being provided to you by Nasdaq Corporate Solutions, a business of Nasdaq, Inc. ( “Nasdaq”), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Nasdaq, the Nasdaq logo, and Nasdaq Corporate Solutions are registered and unregistered trademarks, or service marks, of Nasdaq, Inc. or its subsidiaries in the U.S. and other countries. © Nasdaq, Inc. 2017. All rights reserved.

###

Nasdaq Media Contact:

Will Briganti
(646) 441-5012
william.briganti@nasdaq.com

NDAQG

To download the original release from NASDAQ click here

A paperless boardroom for effective corporate engagement


Nasdaq Boardvantage is the next generation board portal and leadership team collaboration software from Nasdaq Corporate Solutions. 

Built on the latest technology and designed with industry-leading security features, this software solution can easily scale to meet dynamic meeting, collaboration and governance needs of corporate and company secretaries, general counsel, board members, and senior management teams and committees.

To read more about Nasdaq’s Boardvantage Board Portal, click here.

GREENSBORO, N.C. and SEATTLE, Oct. 13, 2015 – The Center for Board Excellence (CBE), the leading provider of compliance and governance solutions, today announced that it has appointed Phil Neiswenderto the role of president and Kaley Childs to vice president, client services & business development. Neiswender will also remain as a member of CBE’s board of directors, which he joined in 2013.

“Phil has been an integral part of shaping CBE’s strategy and innovative products since day one,” said Byron Loflin, chief executive officer of CBE. “Having served as general counsel and corporate secretary to public and private companies, Phil brings a wealth of legal and business understanding that is invaluable to our customers. Kaley and Phil are both committed to the CBE vision and know the challenges facing governance leaders today.  They each have the skills and experience we need to take CBE to the next level.”

Prior to CBE, Phil held roles as chief legal officer and executive vice president for operations & corporate development at UIEvolution, Inc., chief operating officer at Garagiste, Inc., and general counsel, vice president of legal at BSQUARE Corporation.  He also held both legal and business roles at Getty Images, Inc. and was an attorney at Graham & James, LLP and Riddell Williams, PS, in Seattle. Phil also currently advises several early-stage startups and is on the board of Vinzar, LLC. Phil obtained his J.D. degree from the University of Virginia and his B.A. from the University of Washington. He is a member of the Washington bar.

“CBE brings together two things that I am very passionate about: technology and business excellence,” said Neiswender. “Having advised CBE as a board member for several years, I now have the privilege to work with this amazing team on a daily basis. The company is on a fantastic trajectory right now, and I am very excited to be a part of this next chapter.”

As vice president, client services and business development, Kaley will use her experience and talent to further develop our products and customer channels.

Prior to joining CBE, Ms. Childs served as general counsel at Clarolux LLC and practiced law at two firms in New York. Ms. Childs is currently the chair of the board of trustees of the Northside Charter High School in Brooklyn, N.Y., and president of YP Civitan of Greensboro, N.C. Ms. Childs received her B.A. degree cum laude in political science from Samford University and her J.D. from Pace University School of Law. Ms. Childs is admitted to practice law in the state of New York.

Founded in 2010 by attorneys and technologists, The Center for Board Excellence has built an innovative governance platform for board assessment, directors’ & officers’ questionnaires and other compliance processes. CBE streamlines laborious, costly and previously paper-based processes in order to allow directors and governance professionals to focus on what they do best: provide strategic advisement and guidance on matters that critically impact a company’s performance. For more information, please visit the company’s website at www.boardevaluations.com.

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

CBE Privacy Settings

When you visit a website, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services for our website here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies wordpress_test_cookie wordpress_logged_in_ wordpress_sec

Decline all Services
Accept all Services