The boardroom Archive

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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The boardroom

Boards refreshing quicker and with younger directors, study finds

Mar 18, 2019
Ben Maiden
Boards refreshing quicker and with younger directors, study finds
Board refreshment is speeding up, while new independent directors are getting younger, according to EY’s third annual report on Fortune 100 companies, which gives a snapshot of the boardroom ‘class of 2018.’ Last year saw 71 percent of Fortune 100 firms add at least one new independent director, while 27 percent added two or more, EY finds. This represents an increase from previous years, when ‘levels were steady at around 51 percent and 21 percent, respecti...
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The boardroom

Small-cap board diversity lags S&P 500, Morningstar says

Mar 04, 2019
Garnet Roach
Small-cap board diversity lags S&P 500, Morningstar says
Gender diversity in small-cap boardrooms is lagging behind that found among the S&P 500, Morningstar states ahead of International Women’s Day on March 8. In a recent post, Morningstar presents data showing that the disparity in board gender diversity by company size appears to be increasing. The gap between average levels of female representation on the boards of S&P 500 companies and those at the remaining companies in the Russell 3000 is growing, from 5...
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The boardroom

Deloitte’s Lamm talks engagement, disclosure and #MeToo

Feb 05, 2019
Ben Maiden
Deloitte’s Lamm talks engagement, disclosure and #MeToo
This article originally appeared in the latest Corporate Secretary special report. Click here to view the full publication. Do you expect any new ESG issues to arise in 2019 that companies will have to deal with? It’s hard to predict new issues, but I think there are topics that have considerable room to grow. Even the concept of ESG itself i...
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The boardroom

How Atlas Air targets governance best practices

Jan 30, 2019
Ben Maiden
How Atlas Air targets governance best practices
‘This past year [marks] the most we have achieved,’ says Adam Kokas, executive vice president, general counsel and secretary of Purchase, New York-based Atlas Air Worldwide. And that’s coming from the head of a governance team that has an excellent track record of pursuing best practices. Not to mention that Atlas Air was also short-listed in three other categories at the 2018 Corporate Governance Awards: best compliance and ethics program (small to mid-cap), ...
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The boardroom

Managing a governance transition for Syneos Health

Jan 29, 2019
Ben Maiden
Managing a governance transition for Syneos Health
It’s been quite a year or so for Courtney Schuster Kamlet, assistant general counsel for corporate and governance at Syneos Health, a multinational research and clinical studies company based in Raleigh, North Carolina. For most of 2017 she was still working at INC Research, which merged with inVentiv Health that August to become INC Research/inVentiv Health – only to then change its name to Syneos Health in January 2018. The merger meant Kamlet went from managi...
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