R3000 Companies That Have Adopted Short-Term Shareholder Rights Plans as of 4/28/20 In response to the market volatility created by the COVID-19 pandemic, companies are taking a defensive position against the threat of potential hostile takeovers. The trend began in March with Occidental Petroleum adopting a limited-duration shareholder rights plan. In the weeks following, according…
As investors continue to pressure boards to take up environmental, social and governance (ESG) issues, directors are facing the question of where that responsibility lies on the board. Should the full board be responsible for ESG oversight, or is the subject important enough for a stand-alone committee? Or, should already established committees take responsibility? Agenda readers are…
Partnering with NACD, we used the CompanyIQ® corporate governance database to look at non-traditional committees and their directors in the Russell 3000. Percentage of new directors that took seats on traditional committees in 2017-2018 Audit – 38% Compensation – 26% Nominating/Governance – 20%
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…
What boards choose to disclose about a CEO’s departure could impact how Institutional Shareholder Services makes voting recommendations this proxy season, according to the proxy advisor’s recently released FAQs document on compensation policies. According to ISS, CEOs should not receive severance if they stepped down willingly. As a result, ISS said, it wants more detail on whether…
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…
The largest companies are gradually telling investors more about the pains they’re taking to protect their own information as well as customers’ privacy. Yet some industries are reporting those efforts better than others, according to new studies. A growing number of firms have fallen into step with last year’s guidance from the Securities and Exchange Commission to…
In private conversations, many board members confide that they’re frustrated that they often run short of time in board meetings without adequately discussing strategy. They say those conversations get short shrift while they spend time making sure their managers are compliant with regulations and are managing risks. Indeed, three years ago, McKinsey, the management consulting firm,…
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