The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 23,000 board members, together with Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, and the Society for Human Resource Management (SHRM), a global trade association supporting HR and business executive members, have launched a new programme to increase diversity among directors serving on the compensation, nomination, and governance committees of private and public company boards.
The programme provides individuals from underrepresented backgrounds with access to 12 months of detailed curriculum tailored to preparation for board service on compensation, nomination, and governance committees, with a focus on general business, human resources, and committee readiness. SHRM will lead the program in identifying and sourcing high-performing, diverse executives. Vista and NACD will partner to equip the cohort with a deep understanding of the responsibilities associated with effectively fulfilling a board role and ensure exposure to corporate board opportunities through their broader ecosystems.
These new efforts build upon the programme established last year by Vista and the NACD that seeks to increase diversity among professionals who wish to serve on the audit committees of private and public company boards. The first cohort in this program – announced in November 2021 – are in the process of completing their curriculum, working toward earning the NACD Directorship Certification.
