National Association of Corporate Directors Overview

The National Association of Corporate Directors (NACD) is a leading organization that provides guidance and resources to directors and corporate leaders. Founded in 1977, the NACD has a rich history of promoting excellence in corporate governance.

Its mission is to advance exemplary board leadership, which is achieved through various initiatives and programs. The NACD offers a range of services, including board education and development, governance resources, and advocacy.

With a presence in over 40 countries, the NACD has a global reach and impact. Its members include directors and corporate leaders from a wide range of industries and sectors.

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NACD was founded in 1977 with the goal of educating directors. This mission has been the driving force behind the organization's growth and success.

The first comprehensive Director Education Program was announced by NACD in 1978, marking a significant milestone in the organization's history. This program has since been a cornerstone of NACD's efforts to provide high-quality education to directors.

In 1993, NACD published its first Blue Ribbon Commission Report, offering ten principles to guide audit committees and their oversight of financial reporting. These principles have had a lasting impact on the way boards of directors approach their responsibilities.

NACD's Blue Ribbon Commission Report on Board Evaluations, published in the early 2000s, helped optimize board composition. This report was a game-changer in the world of corporate governance.

The Global Director Development Circle was co-founded by NACD in 2004, in response to the need for directors to stay ahead of international corporate governance and legislation. This initiative has helped NACD establish itself as a global leader in director education.

In 2006, NACD globalized the Certificate of Director Education program, which has since evolved into the Global Network of Director Institutes. This program has been instrumental in providing directors with the education and training they need to succeed.

NACD acquired Directorship magazine in 2010, a valuable resource for corporate officers and board members. This acquisition has helped NACD expand its reach and influence in the world of corporate governance.

In 2020, NACD launched the NACD Directorship Certification program, the premier board member certification in the United States. This certification sets a new standard for director education and includes an ongoing education requirement to keep directors up-to-date with the latest boardroom challenges.

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NACD offers a range of governance resources to support boards in their decision-making processes. These resources include in-boardroom education, board assessments, governance reviews, and ongoing advisory services.

The organization's Cyber-Risk Oversight Program is designed for directors who want to enhance their understanding of enterprise cyber-risk issues. This program confers the CERT Certificate in Cybersecurity Oversight, a tangible credential that demonstrates a commitment to cybersecurity literacy.

NACD's Governance Resources also include the NACD Director Compensation Report, which analyzes annual pay levels and practices among 1,400 companies across 24 industries. The report is annually released by NACD and Pearl Meyer.

Here are some of the key governance resources offered by NACD:

NACD's mission is to empower directors and transform boards to be future ready. This mission is reflected in their vision of corporate boards being recognized as trusted catalysts of economic change.

Their vision is that corporate boards are not just a necessary part of a company's structure, but rather a driving force for positive change in the business world and the communities they serve.

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Cyber Risk Oversight is a critical aspect of governance that requires attention from directors. The NACD has partnered with the CERT Division of the Software Engineering Institute at Carnegie Mellon University and Ridge Global to develop the Cyber-Risk Oversight Program.

This program is designed for directors who want to enhance their understanding of enterprise cyber-risk issues. The course confers the CERT Certificate in Cybersecurity Oversight, a tangible credential that demonstrates a commitment to cybersecurity literacy.

NACD offers in-boardroom education and advisory services to help boards understand and manage cyber-risk. Their Cyber-Risk Oversight Program is a great resource for directors who want to stay up-to-date on the latest cyber-risk issues.

The program is designed to provide directors with a deeper understanding of enterprise cyber-risk issues. By completing the program, directors can earn the CERT Certificate in Cybersecurity Oversight, which demonstrates their commitment to cybersecurity literacy.

NACD also provides guidance on issues such as cyber-risk oversight through their Director Essentials resource. This resource provides practical advice and best practices for directors to follow.

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Corporate governance plays a crucial role in ensuring the long-term success and sustainability of a company. NACD offers a range of resources to support boards in this area, including board assessments and governance reviews.

One key aspect of corporate governance is board composition and succession planning. NACD provides guidance on these topics through its Director Essentials program. This program offers practical advice on issues such as effective director onboarding practices.

A well-functioning board is essential for making informed decisions and overseeing the company's strategy. The NACD Director Compensation Report provides valuable insights into director pay and practices among companies across various industries. This report can help boards make informed decisions about director compensation.

NACD also recognizes the importance of diversity and inclusion in the boardroom. The NACD Center for Inclusive Governance aims to create an environment that welcomes new perspectives and promotes equity. This initiative supports directors in their efforts to build diverse and inclusive boards.

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In addition to these resources, NACD publishes an annual Governance Survey that gathers insights from over 1,000 public, private, and nonprofit directors. This survey provides a wealth of information on leading governance practices and can help boards stay up-to-date on best practices.

Here are some key takeaways from NACD's resources on corporate governance:

By leveraging these resources and best practices, boards can ensure that they are meeting their governance responsibilities and positioning their companies for long-term success.

Having the right employees in place is crucial for effective governance and oversight. The board of directors should prioritize hiring employees with the right skills and experience.

A key indicator of a well-functioning organization is having a diverse workforce. According to the article, 75% of organizations with a diverse workforce report improved decision-making.

High-performing employees are more likely to stay with the organization, reducing turnover rates. The article cites an example of a company that saw a 25% reduction in turnover rates after implementing a robust employee development program.

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Employees who are engaged and motivated are more likely to take ownership of their work. This is reflected in the article's example of a company that saw a 30% increase in employee satisfaction after implementing regular feedback sessions.

Effective communication is key to a well-functioning team. The article highlights the importance of regular team meetings, with 80% of organizations reporting improved communication after implementing regular meetings.

Trust and accountability are essential for a high-performing team. The article notes that employees who feel trusted and accountable are more likely to take ownership of their work, leading to improved outcomes.

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The NACD offers a range of credentials that demonstrate a commitment to continuous learning and board leadership.

These credentials are designed to help directors stay ahead of emerging issues and connect with a distinguished network of NACD-credentialed directors.

The NACD Directorship Certification is the premier US-based certification program for corporate directors, qualifying them for effective boardroom performance through a professional examination and continuing education.

This certification verifies that directors possess the knowledge, expertise, and skills needed to discharge their fiduciary responsibilities as board members.

Earning the NACD Directorship Certification demonstrates a commitment to governance leadership and personal development, as well as a commitment to leading oversight of organizations today and in the future.

The NACD Directorship Certification is the premier director designation available in the United States, designed to keep pace with ongoing changes in corporate governance.

This certification is made for directors, by directors, and is more than a credential – it's a declaration to peers and stakeholders that you are capable of leading in the boardroom today.

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The National Association of Corporate Directors (NACD) is a trusted voice in the corporate world, advocating for better governance and business practices. They provide educational advocacy and resources to policymakers and regulators to help achieve good governance and create trust in capital markets.

NACD has long-standing relationships with key regulatory bodies, including the U.S. Securities and Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), and the Federal Bureau of Investigation (FBI). These relationships allow NACD to inform the board director community and reinforce the importance of corporate boards as trusted stewards and catalysts of economic growth.

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In 2024, NACD submitted a comment letter to the FDIC expressing concerns about proposed governance and risk management standards. In 2023, they submitted a letter to the PCAOB's NOCLAR proposal, raising concerns about the substantial impact and costs of the proposal on audit committees' duties and responsibilities.

NACD's advocacy efforts have led to changes in proposed rules, including the SEC's cybersecurity risk management proposal and climate disclosure proposal. In both cases, the SEC incorporated NACD feedback, dropping the requirement to identify single-issue directors and emphasizing the role of the board versus management.

NACD's advocacy work is guided by their mission to empower and transform boards to be future-ready. By engaging in two-way dialogue with policymakers and regulators, NACD helps to create a more effective and efficient governance framework.

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The National Association of Corporate Directors (NACD) offers a wide range of events and training programs for its members. These programs are designed to educate and engage directors on various corporate governance topics.

The NACD conducts online and in-person classes, as well as peer-to-peer mentorship programs, to support the development of its members. Each year, the organization hosts around 400 event programs across the United States.

The NACD's annual summit is its largest event, attracting over 1,600 attendees from 70% of the Fortune 1,000 in 2019. Due to the COVID-19 pandemic, the 2020 Summit will be held online.

The NACD generates nearly all of its revenue from its programs, with $34,139,087 coming in from these operations in 2019.

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The National Association of Corporate Directors (NACD) has a long history of engagement with the Securities and Exchange Commission (SEC). NACD has been actively involved in commenting on proposed rules and regulations, with many of its leaders testifying or co-signing letters to the SEC.

NACD's CEO, Ken Daly, testified before the U.S. House of Representatives Subcommittee on Capital Markets and Government Sponsored Enterprises in 2011, commenting on the legislative proposals to address the negative consequences of the Dodd-Frank whistleblower provisions. This shows the importance of NACD's voice in shaping regulatory policy.

NACD has also participated in SEC Roundtables, with NACD Director Warren Batts appearing at an SEC Roundtable in 2003-2004, and NACD Director Michelle Hooper participating twice in 2005-2006.

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The Securities and Exchange Commission (SEC) plays a crucial role in ensuring the integrity of the US financial markets. NACD has a long history of engagement with the SEC, with various CEOs and Chairs participating in key discussions and commenting on proposed rules.

Roger Raber, former NACD CEO, and B. Kenneth West, former NACD Chair, co-signed letters to the SEC in 2003-2004 regarding security holder director nominations. This highlights the importance of director nominations in ensuring a well-functioning board.

NACD Directors have also participated in SEC Roundtables, including Michelle Hooper in 2005-2006, who wrote a letter and participated twice regarding internal control reporting and auditing provisions of Section 404 of the Sarbanes-Oxley Act.

In 2009, NACD President and CEO Ken Daly and Chair Barbara Hackman Franklin co-signed a letter to Elizabeth Murphy, Secretary of the U.S. Securities and Exchange Commission, commenting on the proposed rule on proxy disclosure and solicitation enhancements.

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Here are some key dates of NACD's engagement with the SEC:

NACD's engagement with the SEC demonstrates its commitment to promoting good governance and ensuring that the US financial markets operate with integrity.

The annual revenue of organizations like the NACD can give us an idea of their financial stability and resources. The NACD had an annual revenue of $104.4 million in 2025.

As a general rule, a higher annual revenue often translates to more resources for an organization to invest in its operations and initiatives.

SIC Code Lookup is a valuable tool for businesses and organizations to identify their correct Standard Industrial Classification code. The SIC code for NACD (National Association of Corporate Directors) is 87 and 86.

To find the SIC code for your business, you can look it up in the official government database or use online tools that provide this information.

The SIC code for NACD (National Association of Corporate Directors) is 87 and 86.

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The National Association of Corporate Directors (NACD) offers a range of programs and services to enhance corporate governance in the United States.

Through its national presence in Washington, D.C. and over 20 active regional chapters, including the NACD New England Chapter, the NACD hosts various events and programs to recognize leadership and accomplishments of corporate boards and individual directors.

The NACD Director of the Year Award has been presented nationally for over 23 years, recognizing full boards and independent directors of public, private, and non-profit boards in the New England area who have made valuable contributions to the boards on which they serve.

The NACD New England Chapter programs focus on timely topics facing public, private, and not-for-profit boards of directors, hosting one to two educational seminars and meetings on current topics of interest to directors per month.

NACD New England Chapter also offers a Roundtable Series to provide an opportunity for directors to hold candid conversations, recognizing that peer-to-peer sharing of insights is vital to advancing excellence in the boardroom.

The organization's goal is to help boards continuously improve and maximize their value to their organization, given the dynamic nature of markets and organizations.

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