Investor scrutiny has dramatically increased over the last decade and so has the need for effective corporate governance. The demand on time, expertise, independence and shareholder interface are making directorship positions a full-time assignment. Successful directors must be educated in governance best practice in addition to having solid business acumen. HVS provides consultancy to boards in the areas of governance policy, director selection, performance reviews and executive compensation design.

Investors and regulatory bodies are demanding accountability and transparency from directors. Our experts provide guidance on the structures, processes, and methods of governance that meet the demands of shareholders and regulators. Particular focus is paid to the oversight of management, shareholder communication and complex regulations such as the Sarbanes-Oxley Act.

The most important attribute of a successful board is the ability to attract and retain talented directors. HVS conducts confidential director searches, working with nominating committees to identify and screen appropriate candidates. In-depth behavioral interviews and executive assessments are conducted as part of the nomination process.

Through 20|20 Assessment™, boards can administer a formal performance review process using one of two proven methods; each customized and scalable. The simple 20|20 Tally Sheet™ is a pencil-and-paper checklist that assesses directors on a number of key performance indicators. The 20|20 Employee Performance Review™ is an online tool that builds on and expands the traditional 360° approach by delivering custom generated reports with built in action plans. Both methods come with unlimited interpretive support by seasoned experts in industrial-organizational psychology.

HVS assists compensation committees design and implement programs that mirror company culture and pay-for-performance indices. Director pay strategies can be evaluated in addition to executive pay. We are or have been the designated "consultant of record" to numerous best practice companies and have assisted in drafting their compensation philosophy. As a trusted advisor, HVS can speak candidly, about the importance of linking pay with tangible value creation.

HVS conducts an annual survey of public companies in the hotel, restaurant, retail and gaming industries. The result is a ranking of board performance based on investor opinion, board composition, structure and effectiveness and a commitment to pay-for-performance.