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Canadian activism seen as ongoing despite slowdown

Jun 12, 2019
Ben Maiden
Canadian activism seen as ongoing despite slowdown
Industry advisers say activist investing in Canada is very much still on the agenda despite a drop-off from last year’s mini boom, a new report finds. A record 75 Canada-based companies faced public activist campaigns in 2018, according to Activist Insight Online research. That number is up sharply from the 56 subjected to public demands the year before though up more modestly from the total of 70 and 66 in 2015 and 2016, respectively. Similarly, there were a reco...
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The boardroom

ESG & Investor Engagement report now available

Jun 10, 2019
Staff writers
ESG & Investor Engagement report now available
The latest report from Corporate Secretary is an analysis of how corporate professionals and investors engage on ESG issues. Based on the responses of more than 100 corporate governance professionals, more than 150 members of the investment community and around 200 IR professionals, the report breaks down the data by region, market cap size and sector. This report investigates how companies report on ESG matters and what ESG-related interactions do they have with in...
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The boardroom

Planned and forced CEO exits increase, study finds

May 24, 2019
Ben Maiden
Planned and forced CEO exits increase, study finds
The turnover rate for CEOs rose globally last year, driven by increases in both planned and forced exits – notably for ethical problems – according to new research by Strategy&​, PwC’s strategy consulting business. In total, 17.5 percent of CEOs at the world’s largest 2,500 companies stepped down in 2018, up from 14.5 percent the year before and a record-setting rate for the survey, which goes back 19 years. The three components of this headline rate a...
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The boardroom

Silicon Valley catching up on board diversity

Apr 26, 2019
Ben Maiden
Silicon Valley catching up on board diversity
Technology and life sciences public companies in Silicon Valley are boosting the number of women directors on their board at a faster rate than among the S&P 100 as the industry evolves, new research shows. Between 2016 and the 2018 proxy season, the largest 15 companies in the Silicon Valley 150 Index (SV 150) increased the average number of women directors on their board by 3.6 percentage points to 25.8 percent – ahead of the S&P 100, according to a stud...
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The boardroom

ExxonMobil AGM to include board matrix proposal

Apr 17, 2019
Ben Maiden
ExxonMobil AGM to include board matrix proposal
ExxonMobil shareholders will vote at the company’s AGM next month on whether the board should reveal more details about directors’ characteristics, after the company failed to have the measure nixed by the SEC. The proposal comes amid continuing focus among investors on diversity at the board level and increasing disclosure on the topic in some proxy statements. Specifically, the ...
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The boardroom

Netflix adopts proxy access

Apr 10, 2019
Ben Maiden
Netflix adopts proxy access
Netflix has become the latest US public company to give investors a greater say in who is picked for its board. According to a regulatory filing, the Netflix board of directors late last month amended and restated the company’s bylaws to add a proxy access provision. The updated bylaws state that a shareholder owning at least 3 percent of the company’s outstanding shares ...
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