One of the more interesting excerpts from this short report by Deloitte:
Traditionally, the nominating and corporate governance committee focused on recruiting and board composition. However, the new era of corporate governance is broadening the committee’s role in developing and applying practices such as:
o Corporate governance principles, including board and committee composition, independence, minutes, and participation on other boards
o Committee charter updates
o Annual performance assessments of the board and committees
o Updating the full board on what governance rating agencies are saying and addressing any concerns.