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SHRM Board of Directors Meeting Summary: February 29, 2020A meeting of the 2020 Board of Directors of the Society for Human Resource Management (SHRM) was held on Saturday, June 22, 2019 in Miami, Florida. At its meeting the Board: Approved the Motion to Appoint members to the Society’s Review and Hearing Committees 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 2019 financial year-end close and SHRM staff. There was discussion around the global development team including SHRM India, MENA, and Events focusing on the SHRM HRTech Conference in Dubai, which saw increase in revenue of 18% and the first time People Analytics conference. Further discussion ensued regarding the dual membership pilot-- an initiative driven by member requests. Mr. Taylor then discussed the potential impact of the coronavirus on the organization, stating the focus of the leadership team was on three areas: SHRM’s staff, SHRM’s members and the business. Further discussion focused on potential conference and event cancellations and plans in place to mitigate risk. The Management Team Briefing followed with the following items: Received a quarterly update on 2019 year-end financial results from Megan Smith, interim SHRM Chief Financial Officer, confirming SHRM’s strong financial standing. Received an update on 2020 AIP goals and objectives from Sean Sullivan, SHRM Chief HR Officer. Received an update on SHRM’s policy strategy from Emily M. Dickens, Chief of Staff and Head of Government Affairs. Emily shared that the election year will have little legislative output but provides opportunity to focus on educating policymakers, members and employers about SHRM’s policy efforts. This year government affairs will focus on workplace equity through the recognition of the centennial of the 19th amendment to engage elected women and highlight workplace and policy issues important to women. Work with untapped talent will continue as we officially launch the Commission on People with Disabilities in partnership with Voya and the National Down Syndrome Society at the New York Stock Exchange in March. Received a report on SHRM’s People Manager Qualification (PMQ) from Nick Schacht, Chief Global Development Officer. SHRM’s new credential – the People Manager Qualification (PMQ), is a learning and validation credential aimed at new and developing managers, to ensure they are “people-ready” in their roles. SHRM research has shown that HR professionals believe (on average) that 28% of their time is consumed by addressing problems and issues created by people managers who could do a better job of fulfilling the people-related aspects of their roles. By improving the people-readiness of managers everywhere, SHRM believes we can improve organizational effectiveness and efficiency, improve organizational cultures, and increase the leverage of HR strategic and tactical efforts. Received an update on SHRM Foundation from Executive Director, Wendi Safstrom. Wendi shared the SHRM Foundation announced the launch of the Tharseo Awards, a global awards program designed to recognize a CEO, Senior Policy Transformer and a Chief Human Resource Officer who have demonstrated innovative and impactful thought leadership leading to better workplaces and a better world by serving as a visionary, an innovator and change agent. The inaugural event will be held in New York City in 2021 and the effort is funded by a private donation.Received a report from the Chair of the SHRM Board Audit Committee on the business conducted at the February 20, 2020 meeting of the Committee. At that meeting, the Committee: (a) reviewed and approved the minutes of November 14, 2019 meeting of the Committee; (b) reviewed Audit Committee evaluations; (c) reviewed 2019 Audit Committee planning timeline w/ Charter; (d) reviewed preliminary 2019 year-end financials; (e) received Internal Audit Report (includes Internal Audit Charter) from Internal Auditor, Chris Migliaccio; (f) received a legal matters report from General Counsel, Jim Banks, Jr.; (g) received an investment update from investment consultant, LaRoy Brantley; (h) received a technology update from Chief Technology Officer, Marc Goldberg; (i) met in executive session.Received a report from the Chair of the SHRM Board Compensation/Organization Committee on the business conducted at the February 12, 2020 meeting of the Committee. At that meeting, the Committee: (a) approved minutes of November 5, 2019 Committee meeting; (b) approved minutes of January 7, 2020 Committee meeting; (c) reviewed 2020 planning timeline; (d) reviewed the committee charter; (e) reviewed 2020 SHRM Annual Incentive Plan; (f) met in executive session. Received a report from the Chair of the SHRM Board Governance Committee on the business conducted at the February 13, 2020 meeting of the Committee. At that meeting, the Committee: (a) approved minutes of November 5, 2019 Committee meeting; (b) adopted 2020 governance committee planning timeline; (c) discussed changes to the ethics complaint process; (d) discussed desirability of a 2020 evaluation of SHRM Board and Committees; (e) voted on recommendation for “professional life membership” request; (f) voted on recommendation for “size of 2021 SHRM Board of Directors; (g) discussed desirability of a 2020 review of selected Board policies; (h) reviewed schedule for 2021 Director-at-Large candidate interviews and selection; (i) discussed Director NACD fellowship and 2020 Board learning and development.Met in Executive Session ................
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