A two-person board committee? They exist—even at some of America’s biggest companies.
The committees that figure out the pay for top executives at Yahoo Inc. and Alphabet Inc., the parent of Google, have only two board members. That’s also true for the committees that recommend new directors for Chipotle Mexican Grill Inc. and Netflix Inc.
A two-member committee “is out of step with how other boards operate,’’ says Michelle Edkins, global head of corporate governance and responsible investment for BlackRock Inc., a giant money manager. Governance experts contend very small committees lack different perspectives and may stall due to a tie vote or absent member.
There were 11 companies in the S&P 500 index as of Dec. 9 where key board panels consist of just two people, according to a Wall Street Journal analysis of 2015 proxy statements and data from corporate filings service MyLogIQ.
Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial…
The pay gap between CEOs and their employees has widened over the past half decade,…
Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly…
Elon's Musk's $56 billion pay package's upheaval, a hedge fund sanctioned for failing to preserve…
Disclosures about directors' skills and expertise are increasingly coming under the microscope as investors ramp…
On Jan. 1, several of the nation's biggest companies — including Morgan Stanley, Kraft Heinz,…