Boardroom Archive

May 02, 2023
CEO pay at large caps grows despite turbulent year
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...
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Apr 27, 2023
Top issues the board and C-suite seek IR advice on
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...
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Apr 07, 2023
Governance Matters podcast: Getting your board ready for the future
‘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...
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Mar 20, 2023
The Governance Papers: The cost of sexual harassment, the Gen X board effect – and more
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...
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Mar 15, 2023
Governance reminders for a period of uncertainty
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...
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