The boardroom Archive

Jun 10, 2019
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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May 24, 2019
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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Apr 26, 2019
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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Apr 17, 2019
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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Apr 10, 2019
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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Mar 18, 2019
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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Mar 04, 2019
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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