Oldest Non-Founder CEOs in the S&P 500 – While it is routine for founders to serve as CEOs well into their 70s and 80s, we’ve found that it’s also not uncommon for non-founder CEOs to man the helm well past standard retirement age. Chart 1 with data from the CompanyIQ® database has the details for…
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…
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,…
Investors appear to be narrowing their scope when it comes to shareholder resolutions involving the right to call special meetings, experts say. Fewer proposals have been introduced this year, but those that have gone to a vote have seen a higher rate of support, suggesting that investors are targeting companies where they think they may…
When he became chief executive of power-generation company NRG Energy Inc. more than three years ago, Mauricio Gutierrez said his selection raised eyebrows. One reason: He is younger than most executives running S&P 500 companies. “I’m an outlier,” the 48-year-old said. “People take notice.” At America’s largest companies, chief executives under 50 are still a relative rarity. A Wall Street Journal…
12 Shareholder Proposals on Sexual Harassment – The #MeToo sexual harassment movement has impacted companies in the 2019 proxy season through 12 shareholder proposals. As the CompanyIQ® SEC EDGAR search tool for proxy proposals indicates, six of the 12 are directly related to preventing sexual harassment. The other six are related to efforts to remove…
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,…
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,…
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