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The boardroom

General counsel comp continues to rise, study finds

Oct 18, 2019
Ben Maiden
General counsel comp continues to rise, study finds
General counsel at large US public companies continue to make steady gains in compensation, according to new research, as the job evolves into a more strategic and business-focused role. A report by Equilar and search firm BarkerGilmore states that over the past five years there has been a 7.4 percent increase in general counsel median total compensation. That figure stood at $2.6 million in 2018, a 3.7 percent increase from the previous year. The study covers the 5...
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The boardroom

Directors tiring of diversity and ESG focus, survey finds

Oct 11, 2019
Ben Maiden
Directors tiring of diversity and ESG focus, survey finds
Diversity and ESG issues have been prominent on investor and board agendas in recent years, but a new survey suggests some directors are becoming fatigued by the attention placed on these issues. According to the PwC survey, 63 percent of directors polled say investors devote too much attention to board gender diversity, up from 35 percent last year. Fifty-eight percent have the same view of racial/ethnic diversity, an increase from 33 percent in 2018. The pr...
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The boardroom

How CEOs are challenging boards on risk

Sep 19, 2019
Benjamin Finzi, Robert Lamm, Mark Lipton and Debbie McCormack
How CEOs are challenging boards on risk
In the face of rapidly advancing technology, organizations are adapting to a never-ending cycle of pressures, each of which can disrupt a portion of the business system and often threaten the entire business model. As we have heard from dozens of CEOs we interviewed for a recent study, this relentlessly disruptive environment has demanded a shift in how they need to respond. Our inquiry into disruption from the perspective of CEOs, and how they believe they should c...
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The boardroom

SSGA finds resistance amid progress on board diversity

Sep 13, 2019
Ben Maiden
SSGA finds resistance amid progress on board diversity
State Street Global Advisors (SSGA) is seeing progress in its multi-year campaign to boost female representation in the boardroom – but is still finding that many companies are not taking action, according to a new report.  The firm states in its latest stewardship report that as of June 30, 2019, 43 percent of companies – repres...
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The boardroom

The week in GRC: CEOs demand action on gun violence, and WeWork reveals governance changes

Sep 13, 2019
Ben Maiden
The week in GRC: CEOs demand action on gun violence, and WeWork reveals governance changes
– Nissan’s board of directors announced that CEO Hiroto Saikawa had resigned, effective September 16, CNN reported. The board named COO Yasuhiro Yamauchi as acting CEO while Nissan searches for a successor. Saikawa’s resignation came days after he admitted to reporters in Japan that he and other top Nissan executives were overpaid as part of a stock-related payment plan...
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The boardroom

The week in GRC: We Company to add woman to board, and state attorneys general to launch big tech antitrust probes

Sep 06, 2019
Ben Maiden
The week in GRC: We Company to add woman to board, and state attorneys general to launch big tech antitrust probes
– CNN said Saudi Arabia took an important step toward listing Aramco by replacing the company’s chair with someone seen as more sympathetic to Crown Prince Mohammed bin Salman’s IPO plans. Energy minister Khalid-Al Falih was succeeded as chair of the state-owned oil company by Yasir Al Rumayyan, head of Saudi Arabia’s Public Investment Fund, Aramco said in a statement. The l...
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The boardroom

Attorney says ‘unusual’ WeWork CEO succession plan illustrates trend

Aug 29, 2019
Ben Maiden
Attorney says ‘unusual’ WeWork CEO succession plan illustrates trend
WeWork has raised at least one set of seasoned corporate governance eyebrows with its CEO succession plans. The arrangement – featuring as it does a ‘pre-delegation’ of the process and the inclusion of the current CEO’s wife – is ‘quite unusual,’ a highly experienced corporate governance attorney tells Corporate Secretary. The lawyer describes the plan as illustrative of a trend among companies going public with individuals closely entwined in their ow...
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