A large majority of boards are discussing ESG topics more frequently than in the past amid investor scrutiny of how they are approaching their oversight responsibilities in the area, according to new research from Corporate Secretary into how ESG is being addressed in boardrooms.
Risk oversight is a core duty for all boards, and ESG issues raise an...
Boardroom Archive
– CNBC reported that Elon Musk said Twitter’s board of directors won’t be compensated for serving if he acquires the company. ‘Board salary will be $0 if my bid succeeds, so that’s around $3 mn a year saved right there,’ Musk said in a tweet. It’s not clear who would be ap...
Shareholders in Google parent company Alphabet will vote at its June 1 AGM on two proposals addressing policies for selecting new directors amid growing investor interest in board diversity.
The SEC recently rejected a request from Alphabet for no-action relief if it excludes a proposal asking that the company repo...
Apr 08, 2022
– The New York Times reported that a judge on April 1 struck down a California law requiring diversity on boards. In response to a lawsuit brought by conservative advocacy group Judicial Watch, Judge Terry Green of Los Angeles County Superior Court found that the law violated the state constitution.
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When male analysts question female CEOs they are 7.9 percentage points ‘more aggressive’ than when questioning male CEOs. That’s according to researchers from the University of Exeter Business School, who analyzed recordings of 39,209 earnings conference calls with US firms over a 13-year period to 2018.
The researchers behind the study, titled ...
Kate Brennan has worn many hats, often simultaneously, during her time at Marsh McLennan as a champion for governance, ESG, compliance and crisis management. In recognition of her feats, last June she followed her tenure as deputy general counsel, corporate secretary and chief compliance officer (CCO) for Marsh McLennan by becoming general counsel of the company’s Marsh business. Then just this month ...
Holly Gregory has been an integral and influential part of the corporate governance world for decades, in terms of both thinking about its principles and in putting those into practice. US companies are grateful for her work as a trusted adviser and fellow governance professionals are indebted to her as someone who has helped create a roadmap for others to follow.
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Boards of directors play a key role when it comes to M&A transactions. At the bottom line, they have to determine whether the deal on the table is in the best interests of the company and its shareholders.
After a quiet 2020 as the Covid-19 pandemic took hold, M&A activity roared back last year. Now the dealmaking environment is again characterized by a great deal of uncertainty. At the same time, many investors have been casting a more critical eye over exe...
The slow rate at which companies are adding women to boards means gender parity among global large and mid-caps will take another 20 years, according to research from MSCI.
As of October 2021, the overall percentage of board seats held by women in the MSCI All Country World Index (ACWI) stood at 22.6 percent, up modestly from 21.1 percent in 2020 and 20 percent in 2019.
If the future growth rate follows the trend of the last four years, it will take until 202...
Sell-side reports play an important role in building the case for hedge-fund activism against public companies, according to recently published research.
The authors, Amy Chen of Manning School of Business and Thomas Shohfi of Lally School of Management, created an ‘activism dictionary’ based on the objectives and tactics of activist hedge funds. Next, they reviewed sell-si...