AI presents a host of strategic, ethical and regulatory challenges that directors need to stay ahead of. The burgeoning number of shareholder proposals related to artificial intelligence this proxy season may be a jumping-off point for boards overseeing the new technology, but AI presents a host of other strategic, ethical and regulatory challenges that directors…
A number of boards are facing votes related to their companies’ political activities this year as the temperature surrounding companies in the political sphere keeps heating up. Already this year, shareholders have voted on two proposals as big companies — Hewlett Packard Enterprise and The Walt Disney Company — related to political activity, which garnered…
With auditing firms proposing double digit increases due to inflation and higher labor costs, we used our CompanyIQ® Audit Fees database to review audit fees among Russell 3000 companies. Year to date, 2021 average audit fees are showing a modest 1% increase.
This week the SEC announced charges against Hilton Worldwide Holdings for failing to disclose approximately $1.7 million worth of perquisites related to personal use of the company’s corporate jet and executive hotel stays. The commission says the hotelier “failed to appropriately apply the SEC’s compensation disclosure rules to its system for identifying, tracking and calculating perquisites.” This enforcement action…
While many executives continue to work from home, data shows that travel by corporate aircraft and chartered and fractionally owned jet fleets has begun to take off in recent weeks. That trend is likely to continue through 2020 as companies seek to reduce the risk of CEOs’ being exposed to the coronavirus. Accordingly, sources say…