A little more than three quarters (76 percent) of publicly traded companies in the Fortune 1000 had at least one African American director serving on their board as at September 2022, compared with 61 percent in 2020, according to a new report by the KPMG Board Leadership Center an...
Boardroom Archive
Pay increases for CEOs at large-cap companies grew at a slower rate of 3.1 percent between the 2022 and 2023 proxy filing periods, compared with growth of 13.2 percent the previous year, according to ISS Corporate Solutions.
The firm, which examined 337 large-cap company proxy statements between October 1, 2022 and April 18, 2023, finds median pay for CEOs at S&P 500 companies stood at $14.3 mn over the period.
Bonus and annual incentive payouts during th...
More than 45 percent of investor relations (IR) professionals globally say messaging in 2022 was the most pressing issue their company’s board, CEO and CFO sought their advice on.
The other top two issues executives turned to IR for are insights on investor and market sentiment (40 percent) and shareholder targeting and engagement (23 percent).
This is according...
– CNBC reported that workers at the Ben & Jerry’s ice cream company’s flagship store in Burlington, Vermont, filed with the National Labor Relations Board for a union election. The development follows a series of service industry union drives, including at Starbucks and Trader Joe’s....
‘Some say you can use artificial intelligence. [But] I think we would like to have some people. We want those people around the boardroom table to be the heart, the mind, the conscience of the business,’ says Helle Bank Jorgensen, CEO and founder of Competent Boards.
In this episode of the Governance Matters podcast, editor-in-chief James Beech sits down with Jorgensen to talk about preparing boards for the challenges that lie ahead.
‘When we talk about...
1) The price of sexual harassment
How much does workplace sexual harassment damage company value? Evidence from a new study suggests it’s more than you might think – a lot more.
Until now, researchers have approached the question by measuring the short-term stock market reactions around public revelations of sexual harassment scandals. This line of research documents an immediate shareholder value loss of 0.6 percent to 1.5 percent of mark...
Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any financial institution faced with a similar crisis. Companies may face both liquidity and solvency challenges, and the resulting constraints may lead to difficult decisions, including prioritizing the uses of limited cash.
Board oversight of resulting decision-making will be implicated in many cases. Senior executives are advised to maintain a regular di...
Companies need to become more selective about which material ESG topics they identify and report on, according to Mark Babington, executive director of regulatory standards at the UK Financial Reporting Council (FRC).
Speaking this today at the ESG Integration Forum – Europe, hosted in London by Corporate Secretary and IR Magazine, Babington said co...
– Reuters (paywall) reported that according to data from ISS Corporate Solutions, racial and ethnic minorities now hold a fifth of board seats at Russell 3000 companies, up from 12 percent in 2019, but remain under-represented. The increase comes amid growing pressure on US companies from investors to a...
The SEC adopted three new rules in 2022 that significantly expand compensation committees’ agenda for this year. The rules cover pay versus performance, clawbacks and ...