Expectations of directors continue to increase with more topics directly falling under the umbrella of strategy and risk oversight. To demonstrate that the board understands the business and is more engaged than a limited quarterly schedule of meetings might suggest, proxy disclosures often show ongoing director involvement.
The “beyond the boardroom” presentation in proxies began six or seven years ago, but decreased during the Covid period. Recently, there has been an emergence of this practice, which brings together director orientation, continuing education, and meeting attendance disclosure with other director touchpoints such as briefings and updates between meetings, board interaction with management and employees, and onsite visits.
Here’s an example from the 2025 Portillos proxy:
And here’s an example from the 2024 Walgreens Boots Alliance proxy:
