Monthly Archives: July 2017

Board Moves: Tech, Big Data and Industry Experience Seen in New Recruits

Agenda – A Financial Times Service Article written by Amanda Gerut in Collaboration with MyLogIQ

“Boards are finding new board recruits with expertise in software, big data and cyber security and other industry experience, and are expanding board sizes as a result. In addition, retirement age policies have prompted director resignations at AAR Corp. and General Mills.

Data from SEC compliance and public company intelligence provider MyLogIQ shows that boards such as Abbot LaboratoriesAdvanced Micro DevicesConocoPhillips and McClatchy announced the appointments of directors with expertise in various areas of technology in the past month.”

To view full document click here. 

How Microsoft Reformed Its ‘Toxic’ Culture

Agenda – A Financial Times Service Article written by Amanda Gerut in Collaboration with MyLogIQ

Company culture at Microsoft in 2013 had grown so “toxic,” said independent chairman John Thompson, the board couldn’t get its top choices of executives from outside the company to sign on as the $526 billion software behemoth’s new CEO.

The CEO succession the board oversaw in 2014 led to a strategic and cultural shift, and board members followed it with a series of governance improvements and an infusion of new directors. Since 2012, the board size has expanded by two, and eight new independent directors have joined the board. Six directors have left. Governance experts are urging other boards to follow the lead of companies such as Microsoft and regard directorships as tours of service based on company strategy rather than an appointment that typically spans close to a decade or longer.

To view the full document click here.

 

Lead Director Profile: CEOs Wanted

Agenda – A Financial Times Service Article written by Amanda Gerut in Collaboration with MyLogIQ

As more boards provide additional details about the role and function of lead directors in company governance, common attributes and experiences that shape lead directors at the largest companies are emerging.

Though the responsibilities of lead directors and the profile of the position vary from company to company, data collected by SEC compliance and public company intelligence provider MyLogIQ shows several striking similarities among lead directors at the largest companies.

To view the full article click here.