New rules facilitate a right of private action and penalties of up to 5% of net turnover The European Union is set to require companies to monitor and report on human rights in their supply chains. While the incoming regulation will only affect the largest U.S. companies, suppliers will also have to disclose labor practices…
The succession drama follows reported turmoil among controlling family members The Estée Lauder Companies appointed a new chief executive officer last month amid trouble with sales and an announcement that the company would cut its quarterly dividend by almost half. The shake-up followed signs of disagreement over succession strategy among the Lauder family members on…
Jury is still out on the impact of the compensation rule. Year two of the Securities and Exchange Commission’s pay-versus-performance disclosure is in the books for most public companies, but how the data will be used remains to be seen. Even so, next year, companies will need to provide much more expansive disclosures under the…
ISS will use the survey to develop policy updates Respondents to ISS’s annual policy survey — from both the investor and corporate camps — were largely on the same page about what human capital management metrics are most helpful in terms of considering shareholder proposal relevancy and support. …Roughly half (51%) of investors believe it…
Issues moving away from narrow committee oversight Board members are shifting narrow oversight of several topics on committees to the full board as urgency rises to handle everything from human capital issues to whistleblower concerns with a complete set of eyes, Agenda’s latest Directors’ and Officers’ Outlook Survey shows. This is a reversal from last…
Directors need to assess the pros and cons of leaving Delaware and brace for litigation if they are seriously considering redomesticating Some public companies are exploring the possibility of moving out of Delaware and redomesticating in other states, corporate lawyers say; however, the numbers do not portend a Delaware exodus. These considerations are taking place…
Nearly 40 S&P 500 firms included security costs in their CEOs’ perk packages last year, according to an analysis of data from public company intelligence provider MyLogIQ. The percentage of CEOs receiving home security upgrades, bodyguards and other perks has remained little changed in recent years, the data shows. But for some CEOs — particularly…
CEOs in the S&P 500 earned nearly $8.5 billion in total comp in 2023 — a year in which executive comp spiked compared to 2022. Some of the highest-paid CEOs work at high-profile companies where one might expect eye-popping pay, while others on the list may come as a surprise. …Semiconductor manufacturing company Broadcom Inc….
Results from this year’s proxy season show a shifting power balance between management and activist investors as average support for environmental and social policy proposals declined while support for say-on-pay proposals remained robust. There was also a spike in AI shareholder proposals, calls for separating chair and CEO roles and anti-ESG proposals. Meanwhile, there was…
Within the next five years, major corporations from JPMorgan Chase to The Walt Disney Co. could be placed under new leadership as their current chief executives eye their exits. Overall, more than one in 10 CEOs at S&P 500 firms have already hit the traditional retirement age. And another nearly 15% could reach age 65…