Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial performance. The inclusion of environmental, social and governance goals in short-term incentive plans has increased fourfold since 2019, according to data collected from proxy statements. Experts say these nonfinancial metrics can serve as useful motivators as companies aim toward specific… Continue reading How ESG Metrics Are Taking Over Annual Incentive Plans
Category: Agenda
Visual Investigation: Pay Gaps Widen as Workforce Scrutiny Grows
The pay gap between CEOs and their employees has widened over the past half decade, according to an analysis by Agenda of S&P 500 proxy statements. In 2022, half of all S&P 500 CEOs earned at least $183 for every dollar earned by their company’s typical employee. This value is $16 higher than it was… Continue reading Visual Investigation: Pay Gaps Widen as Workforce Scrutiny Grows
Are Companies Really Reincorporating in Nevada?
Elon’s Musk’s $56 billion pay package’s upheaval, a hedge fund sanctioned for failing to preserve phone messaging, an order striking down a therapeutic firm’s corporate bylaws — all these adverse rulings occurred in Delaware. Could they be leading some companies to seek a new home in Nevada? In reality, however, most large companies aren’t considering… Continue reading Are Companies Really Reincorporating in Nevada?
Are Check Marks ‘Cheap Talk’ in Board Skills Matrices?
Disclosures about directors’ skills and expertise are increasingly coming under the microscope as investors ramp up calls to link board members’ skills with company needs and strategy and activists use the universal proxy to seize upon alleged deficiencies in boardroom competence. Now, new research could add fuel to the fire. A recent study suggests that… Continue reading Are Check Marks ‘Cheap Talk’ in Board Skills Matrices?
Boards Looking for ‘Soft Skills’ in New Crop of CEOs
On Jan. 1, several of the nation’s biggest companies — including Morgan Stanley, Kraft Heinz, Sherwin Williams and Costco — welcomed new CEOs. In all, new chiefs took over at a dozen S&P 500 companies on New Year’s Day, according to data from public company intelligence provider MyLogIQ. A handful of new CEOs will start… Continue reading Boards Looking for ‘Soft Skills’ in New Crop of CEOs
Boards Named Slew of First-Time Directors This Fall
Large companies have seen significant board turnover in the past several months, capping off a year of increased focus from stakeholders on individual directors’ skill sets and board refreshment. Companies also appointed a large number of directors with government connections. Some 80% of S&P 500 directors currently say they have government and/or regulatory relations experience,… Continue reading Boards Named Slew of First-Time Directors This Fall
Calls to Split CEO, Chair Roles Set to Continue in 2024
Shareholder proposals calling for splitting up the CEO and chair roles soared this past proxy season, as corporate governance proponents pushed their long-standing arguments that dual roles are bad for both working efficiency and corporate oversight. Of the 79 proposals that went to a vote this past season, 41 came from Chevedden, ICS said. Among… Continue reading Calls to Split CEO, Chair Roles Set to Continue in 2024
Pay Metrics Proliferate for REIT CEOs Amid Sector Turbulence
Chief executive officers at the top 15 public real estate investment trusts all earned upward of $4 million last year, with the largest firm’s CEO inching toward a annual compensation total of nearly $50 million last year. …Data from public company intelligence provider MyLogIQ showed Prologis CEO Hamid Moghadam taking the cake with total pay… Continue reading Pay Metrics Proliferate for REIT CEOs Amid Sector Turbulence