The climate-change related shareholder proposals popping up in 2022 proxies are far more prescriptive or “constraining” than the ones BlackRock supported last year, the asset manager said in a report earlier this month, noting they “may not promote long-term shareholder value.” Sources say that’s a key reason many climate proposals have struggled to get the…
Several climate-related shareholder proposals went to a vote last week at S&P 500 companies, and most of them failed to garner more than 15% of the vote. While it is unusual for first-time proposals to win high levels of support at annual meetings, the focus on environmental issues among investors and proxy advisors had suggested…
The war between Russia and Ukraine has drawn some cybercriminals away from monetarily driven cyberattacks — such as the typical ransomware attack — and toward hacktivism. Despite that, the number of ransomware attacks is still expected to grow this year, according to a leading cybersecurity company. Directors shouldn’t take some hackers’ new focus as a…
State Street Global Advisors’ (SSGA) CEO Cyrus Taraporevala is ramping up expectations for companies to boost disclosures and update strategies on board and employee diversity as well as climate change this year. Taraporevala’s letter to board members on the firm’s 2022 proxy voting agenda, released this month, warns that the firm will vote against directors…
In recent years, tax gross-ups, along with many other executive perquisites, have fallen out of favor with investors and been on the decline. However, the practice persists for certain members of the C-suite. Nearly a third of S&P 100 companies awarded gross-ups to at least one executive last year, while over a fifth of companies…
Although executive perks are declining overall, one of the more common perks offered to executives is financial planning services. Indeed, about 29% of companies in the S&P 500 provided some form of financial planning perk to executives last year, according to Main Data Group. The perk is more common among the largest companies: of the NEOs…
Boards often devote plenty of time to succession planning and the compensation aspects of the CEO position, but a key piece involves the second in command. Even if the new CEO pick is the right choice, changes at the top can destabilize the C-suite, particularly if the CFO isn’t meshing with the CEO or feels…
A year that included both a market recession and a rebound, 2020 saw equity compensation for named executive officers increase by 3.7% at companies in the S&P 500, according to data from public company intelligence provider MyLogIQ. While median equity comp was up for executives in 2020, financial performance was not. At S&P 500 companies, the…
Jet perquisite spending reached a three-year low last year as top employees sheltered in place due to the Covid-19 pandemic. S&P 500 companies spent $93,071 on average per company on jet perks for top executives in 2020, down from $116,805 in 2019 and $115,729 in 2018, according to data from public company intelligence provider MyLogIQ….
Chances are the executive who serves as the right hand to the CEO and key liaison to the audit committee is considering their options, experts say. The Covid-19 pandemic and increased pressure to balance strategic issues such as environmental, social and governance factors with careful capital allocation, growth opportunities and liquidity management is increasingly driving…
888-564-4910
Account Login