Monthly Archives: November 2017

Boards Engaging With NYC Pensions on Disclosure

Agenda – A Financial Times Service Article Written by Amanda Gerut That Uses MyLogIQ Data – By Amanda Gerut November 27, 2017

More than 100 companies have responded to the New York City Pension Funds’ Board Accountability 2.0 campaign during the past two months. The pension funds sent letters to 151 nominating and governance committee chairs in a bid to compel the boards to disclose individual directors’ skills, gender, ethnicity, age, tenure and — on a voluntary basis — sexual orientation.

For some boards, the transition from aggregate demographic information to director-specific information won’t be much of a shift.

According to data from SEC filings analyzer MyLogIQ, the Kinder Morgan board currently describes directors’ ethnicities with a sentence at the end of narrative disclosure about each director. For instance, in the 2017 proxy, one director’s investment experience is described, followed by his expertise in business operations, financial strategy and organizational structure. The narrative closes with the sentence, “As a Coptic Egyptian-American [the director] also brings an important diversity of perspective to our board.”

To view the full article, click http://agendaweek.com/c/1799393/211933?referrer_module=SearchSubFromAG&highlight=mylogiq

Are Term Limits Making a Comeback?

Agenda – A Financial Times Service Article Written by Amanda Gerut That Uses MyLogIQ Data – By Amanda Gerut November 27, 2017

Term limits have long been regarded as too blunt an instrument for board refreshment, particularly in comparison with annual board evaluations. But it appears that term limits may be poised to stage a comeback.

Data from SEC compliance and public company intelligence provider MyLogIQ shows that Procter & Gamble has an average tenure of eight years; Caterpillar has an average tenure of seven years; Intel, 8.8 years; American Express, 7.5 years; Apple, 7.6 years; Comcast, 5.8 years; and Verizon Communications, six years and three months.

To view the full article, click http://agendaweek.com/c/1799583/211933?referrer_module=SearchSubFromAG&highlight=mylogiq