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…
Boards of directors should be wary of following Exxon’s lead in suing shareholders they disagree with ExxonMobil‘s lawsuit against two activist investors was recently dismissed, and while the oil and gas giant still came out with a win by compelling the groups to withdraw their shareholder proposals on emissions, the victory could come at a…
Lofty stock price goals and current market conditions have hampered some LTIs Several companies in the Russell 3000 have canceled their long-term incentive plans for top executives in recent years, including Roblox Corp. and Aspen Aerogels, Inc. in 2024. In the wake of Elon Musk’s battle over his $56 billion compensation package at Tesla, directors…
Comp committees have broadened their areas of concern to include human capital Human capital issues have risen to become a top concern of compensation committees, and with potential new disclosure rules on the horizon, board members have even more reason to ensure that human capital and safety measures are top notch, sources told Agenda. Corporate…
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…
Artificial intelligence is the single-largest area that boards have devoted time to in the last year, but at the same time, only a handful of public company boards have included AI in their committee charters. Of the Russell 3000, only 24 committee charters made mention of AI or related keywords in 2023 and 2024, according…
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