NACD this week polled nearly 200 members to better understand how directors and their boards are responding to the coronavirus disease 2019 (COVID-19) pandemic. While the economic, social, and political impacts remain in flux—evidenced in one dimension by the S&P 500 declines and gains of nearly 10 percent last week—corporate boards are in a unique…
As scrutiny of public company leadership increases, corporations are feeling the pressure to get out ahead of criticism by examining and adjusting the makeup of their boards. This makes 2020 a great time for business leaders interested in joining corporate boards—including professionals from nontraditional backgrounds and underrepresented groups—to make the jump into one of these…
Board Renewal in the Russell 3000 Index Partnering with NACD, we provided ESG data from the CompanyIQ® corporate governance database on board of director appointments. Some of the findings were that: Director recruitment continues to prioritize classic skills and experiences. Gender Diversity – Percentage of new public company directors who are women – 34% in…
Increasing demands on directors’ time are prompting boards and committee chairs to regularly hold ad hoc “meetings between the meetings,” as directors call them, ranging from quick, 30-minute discussions to lengthier deep dives, as boards grapple with packed agendas that leave little room for broader emerging issues. Research suggests that increasing time demands — whether…
5,435 Directors – The companies in the S&P 500, arguably among the biggest companies in the world, are overseen by 5,435 active directors. Using our CompanyIQ® platform, we surveyed the most recent SEC filings of these companies to identify some key demographics of who these people are that make far-reaching decisions affecting most corners of…
Directors with decades of experience as well as those in their 70s are retiring or opting not to stand for reelection. Meanwhile, new board appointments show that searches are prioritizing gender diversity, technology and cyber security. According to public company intelligence provider MyLogIQ, in the past six weeks, the boards of AutoZone, Campbell Soup Company, Cigna Corporation, Microsoft Corporation, NRG Energy and Walgreens Boots…
Boards are continuing to adopt limits on the amount of compensation directors can earn in a year to protect against pay lawsuits alleging breach of fiduciary duty. However, as more suits have progressed, some boards are implementing new limits that appear to be trending lower than those adopted previously, and a few boards have even…
The Fearless Girl statue, installed by State Street Global Advisors to bring focus to its gender diversity campaign, is rounding out her second year on Wall Street amid a slowly but surely changing business culture. As of July, every boardroom in the S&P 500 had at least one woman in its rank, according to Forbes….
The CompanyIQ® SEC EDGAR search tool can identify the most expensive boards and their demographics. Here are some key findings. Annual Total Costs in the Millions – The top ten highest cost boards in the Russell 3000 spent from $9 million to $61 million in director costs in 2018, the latest year the data is…
This collection of articles from NACD explores the ways in which the business community sees the status quo changing, embracing difference in order to thrive in the years ahead. In the case of staffing company TrueBlue, a period of major expansion caused the board and the C-suite to seriously consider whether they were composed to…