Agenda – A Financial Times Service Article Written by Amanda Gerut That Uses MyLogIQ Data – By Amanda Gerut December 22, 2017
A new policy by ISS, the proxy advisor firm, geared toward reining in excessive pay among boards could also result in greater scrutiny of board perquisites or pay elements that ISS views as problematic, particularly for companies planning to seek shareholder approval of director pay.
Charitable match programs are by far the most common director perquisite among the largest companies and often represent the only perquisite remaining in director compensation programs. Among the largest 200 companies by revenue, 50% of boards provide charitable gift perks to directors.
A look at recent matching charitable-gift disclosures using SEC compliance and public company intelligence provider MyLogIQ shows that matching-grant programs in place for directors currently range from about $500 to $30,000.
To view the full article, click http://agendaweek.com/c/1832213/214943?referrer_module=SearchSubFromAG&highlight=mylogiq
Agenda – A Financial Times Service Article Written by Amanda Gerut That Uses MyLogIQ Data – By Amanda Gerut December 15, 2017
Several long-tenured directors will close 2017 by bidding farewell to board seats, according to data from public company intelligence provider MyLogIQ. Boards will also see a wave of incoming directors.
At medical technology company Stryker, Howard Cox, Jr., will retire from the board after 44 years with the company, which includes five years before it went public in 1979. Cox is a special limited partner with venture capital firm Greylock Partners, and Stryker praised his value as a board member with the ability to assess potential acquisitions. Cox will be named director emeritus, the company announced this week.
On Dec. 6, the Deere & Co. board announced that Crandall Bowles, a director for 21 years, had retired effective this month. Frank Newman, a board member at Jabil for more than 20 years, will step down in January 2018.
To view the full article, click http://agendaweek.com/c/1827713/214543?referrer_module=SearchSubFromAG&highlight=mylogiq