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SHRM Board of Directors Meeting Summary: June 27, 2020A meeting of the 2020 Board of Directors of the Society for Human Resource Management (SHRM) was held on Saturday, June 27, 2020 in Alexandria, Virginia. At its meeting the Board: Approved the Motion to Appoint Inspectors of Voting for 2020. Received a quarterly report from SHRM President and CEO, Johnny C. Taylor, Jr., JD, SHRM-SCP, which included an update on SHRM’s office reopening. Mr. Taylor then discussed SHRM’s communications strategy related to current events surrounding race. He said we have heard from much of the membership that they want this issue treated in the same manner as the public health crisis of COVID. We curated content to stand up a hub page and launched the Together Forward @Work Platform. Its components include a robust set of offerings and actions and will be enhanced with research and co-created content from members and partners.Mr. Taylor then discussed the implications of the annual conference cancelation due to the public health crisis, and plans for adjustments through YE 2020, focusing on making compelling programming. The Management Team Briefing followed with the following items: ceived a quarterly financial results update through April 30, 2020.Received an Annual Conference update from Nick Schacht, SHRM Chief Global Development Officer. Mr. Schacht stated that on May 11th we announced the cancellation of AC2020, and provided a clear and easy process for registrants and exhibitors to request refunds in lieu of the transfer. He confirmed that we’ve retained approximately 70% of registration revenue and 65% of exhibit and sponsorship revenue to apply to AC2021. Looking forward to AC2021, Mr. Schacht said that we’re exceedingly conscious of the challenge of planning for strong business results in a highly uncertain business and operational climate. We are proceeding to develop a concept that allows for ultimate flexibility in terms of participant location (physical or virtual) while providing high-quality, high-engagement experiences that provide equivalent value and support uniform pricing regardless of participant location. Received an update on SHRM’s Executive Segment from Lisa Connell, Director, HR People + Strategy, who reviewed the integration of the executive segment into SHRM’s overall operations strategy. The Board approved the dissolution of HRPS. Received a report from the Membership Advisory Council (MAC) which was introduced by Senior Vice President, Membership, Michael P. Aitken. The purpose of the MAC is to serve as an interface between SHRM’s members, its Executive Team and its Board of Directors. The MAC provides strategic and operational input from the membership to SHRM’s Executive Team and Board of Directors and feedback from SHRM’s Board of Directors to the membership. Based on the annual MAC survey, SHRM was well-positioned from a value proposition standpoint to support the profession to navigate current challenges. Specifically, they witnessed a more than 10 percent increase in respondents who note the benefits of SHRM’s HR templates and tools when compared to 2019 results (74 percent vs. 63.2 percent). The value of the Legal Compliance and Resources rose over 20 percent from 2019, and for the first time, the Knowledge Center “Ask an HR Advisor” was ranked as one of the top five most important member benefits.Received a report from the Chair of the SHRM Board Audit Committee on the business conducted at the June 17, 2020 meeting of the Committee. At that meeting, the Committee: (a) reviewed and approved the minutes of February 20, 2020 meeting of the Committee; (b) reviewed status of action items; (c) reviewed external auditors review of results of audit (d) reviewed April 2020 Financial Statements and Spring Forecast; (e) received an investment update from investment consultant, LaRoy Brantley; (f) reviewed 2021 membership dues (g) received Internal Audit Report (includes Internal Audit Charter) from Internal Auditor, Chris Migliaccio; (h) met in executive session.Received a report from the Chair of the SHRM Board Compensation/Organization Committee on the business conducted at the June 4, 2020 meeting of the Committee. At that meeting, the Committee: (a) approved minutes of February 12, 2020 Committee meeting; (b) reviewed 2020 planning timeline; (c) reviewed 2020 SHRM Annual Incentive Plan update and proposal; (d) reviewed Employee Engagement Survey results; ( e) reviewed Succession Planning Report; (f) met in executive session.Received a report from the Chair of the SHRM Board Governance Committee on the business conducted at the June 9, 2020 meeting of the Committee. At that meeting, the Committee: (a) approved minutes of February 13, 2020 Committee meeting; (b) discussed NACD certification; (c) reviewed Board learning and development activity; (d) reviewed Board of Directors election timing; (e) approved and voted on recommended Inspectors of Voting; (f) discussed at-large director candidate interviews and approved and voted on recommended nominees for 2021 at-large directors (and terms). Met in Executive Session ................
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