Chief executive officer pay levels have become part of a heated debate about how much public company leaders should be paid. Some packages have risen into the tens of millions of dollars each year. Shareholder groups have tried to block these large pay packages, but almost entirely without success. CEOs at big companies do work…
At a number of major American companies, compensation for board of director members has come under fire from shareholders in recent years. While director salaries remain a small fraction of CEO salaries (these are the highest paid CEOs at America’s largest companies), they have steadily risen over the past decade. In several recent instances, shareholders…
At a number of major American companies, compensation for board of director members has come under fire from shareholders in recent years. While director salaries remain a small fraction of CEO salaries (these are the highest paid CEOs at America’s largest companies), they have steadily risen over the past decade. In several recent instances, shareholders…
In recent weeks, several boards have grown in size to bring on new directors. According to SEC filings analyzer MyLogIQ, boards of such companies as Ball Corporation, Micron Technology and Oracle amended bylaws dictating board size in order to appoint new directors, while Cintas, Ford Motor Co. and General Mills expanded without needing formal votes on bylaws. All the new directors appointed to the preceding boards are women,…
Boards are granting compensation increases to non-executive chairs and lead directors as both roles grow increasingly more complex and, more broadly, as governance processes and board quality take center stage with investors. An analysis from SEC filings analyzer MyLogIQ shows that such companies as CIT Group, Insperity, International Flavors & Fragrances, Kroger, Old Dominion Freight Line, Penske Automotive Group , Sientra and Verint Systems have granted pay raises to lead directors…
12% of Board Chairs Changed in 2018 – An analysis of proxy filings in the CompanyIQ® SEC EDGAR database through the end of April 2019 indicates that 12% of S&P 500 board chairs rotated in 2018. Corporate Governance Committes Had the Biggest Change in 2018 – Our analysis shows that among the top three committees,…
Agenda partnered with SEC filings analyzer MyLogIQ to obtain data points on the directors appointed to Russell 3000 board seats in the first three months of 2019. The following spreadsheets include additional data points beyond those presented in graphics and text for the article, “Boards on Cusp of Major Generational Shift” and can provide some…
As companies face continuous pressure to bring on diverse directors with current expertise in technology and cyber security, there are increasing indications that boards’ recruiting in response to that prodding has led to the first blush of a new generational shift on boards. Several new data points show that there has been a ramping up…
Using the CompanyIQ® SEC EDGAR database, we looked at the question of why directors of R3000 companies were departing. Our main finding is that restructuring was the top reason for director departures in the Russell 3000 for January-March 2019.
What Does the Data Say About Director Departures? As the CompanyIQ® SEC EDGAR database on corporate governance shows, companies in the Russell 3000 index have a total of some 26,000 directors serving on their boards. A certain amount of churn among these directors is standard and expected due to life events, mergers and acquisitions, terminations,…