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
Tag: Corporate Governance
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
America’s Bosses Just Won’t Quit. That Could Spell Trouble.
Of the many worries that whirl around the minds of chief executives, few are more unsettling than the question of succession. Having toiled their way to the top of the corporate ladder, many bosses struggle to imagine relinquishing control and placing their legacy in the hands of another. A growing number of America’s bosses have… Continue reading America’s Bosses Just Won’t Quit. That Could Spell Trouble.
Commitments to Diversity Are Increasing. So Too Is the Litigation.
Companies have ramped up their pledges to increase diversity over the last few years, and while they largely may not see these programs as a risk, research shows there has been an uptick in litigation relating to diversity issues filed against U.S. companies since 2020. While experts highlight the many benefits companies reap from increasing… Continue reading Commitments to Diversity Are Increasing. So Too Is the Litigation.
Cyber Expertise Needs Vetting as Boards Seek Crucial Skill
In recent years, search firms have been flooded by requests for director candidates with cybersecurity backgrounds as boards seek to leverage this expertise when responding to rising cyber risks. …Over the past five years, companies in both the Russell 3000 and S&P 500 have seen the number of directors boasting cybersecurity expertise climb by the… Continue reading Cyber Expertise Needs Vetting as Boards Seek Crucial Skill
Skills Matrices Morph into Refreshment Tool
Once seen as a pesky disclosure responsibility, skills matrices have grown increasingly common in recent years, evolving from a boilerplate exercise to a useful internal tool in the refreshment process, as well as in proxy contests, sources tell Agenda. More than half (55%) of the S&P 500 now disclose board skills matrices as pressure to… Continue reading Skills Matrices Morph into Refreshment Tool
Precision Raises for Directors as Comp Freeze Thaws
Boards have begun making small adjustments to director compensation programs, bringing cash and equity retainers up to market medians and making precision increases to committee and board leadership retainers after two years of leaving pay untouched. A look at 2022 proxy statements filed so far among Russell 1000 companies using public company intelligence provider MyLogIQ… Continue reading Precision Raises for Directors as Comp Freeze Thaws
Cyber Risk a Moving Target as Boards Weigh Insurance Options
The recent surge in cybersecurity and ransomware attacks has spurred many boards to ask management to take a second look at the cybersecurity protections that they have in place, specifically insurance coverage in the event of an attack with cascading impacts on partners and third parties. Recent estimates show that the global cyber insurance market… Continue reading Cyber Risk a Moving Target as Boards Weigh Insurance Options