PWC on Corporate Boards: Cyber Threats, #Metoo, Diversity, and What Shareholders Want

PWC on Corporate Boards: Cyber Threats, #Metoo, Diversity, and What Shareholders Want PWC’s annual director survey is one of our most trusted resources on corporate governance from the perspective of the boardroom, and this year’s edition has some significant findings on issues like diversity, CEO pay, climate change, cybersecurity, and the gap between what board members…

GE Whiz: If Only Flannery’s Ouster Was Unique

No one knows more about CEO succession — the good, the bad, and the very ugly — than Yale’s Jeffrey Sonnenfeld. He has some thoughtful comments on the second CEO within a year at GE. He insists it is not unheard of and makes the key point that there was a major turnover on the…

Visualizing How the 50 Largest U.S. Companies are Connected

We love this analysis by The Visual Capitalist of the most interconnected boards: 3M (7 connections)The 3M board has 12 members on it, including people like the retired CEOs of Kroger and UPS, and the current CFO of Microsoft.As for board members in common, there are seven people on 3M’s board that have a connection…

Betsy Atkins: The Aftermath of #MeToo Allegations Against Wynn Resorts CEOs

Directors and Boards interviews one of our favorite directors, Betsy Atkins, about joining the board with two other women following pervasive sexual harassment accusations that led to replacing the CEO. D&B: What are the “fresh and valuable perspectives” — as Wynn’s chairman D. Boone Wayson stated — you think you can bring to the board?Atkins:…

New crackdown on reckless directors – GOV.UK

New sanctions are available in the UK for directors who are serial offenders. While the vast majority of UK companies are run responsibly, there are a minority of directors who deliberately dodge debts by dissolving companies then starting up a near identical business, with a new name. The practice is known as ‘phoenixing’ or ‘bumping…

The web of board members that link American corporations, mapped

America’s corporate landscape is interwoven by a dense network of shared board members–for instance, Apple has board members that are also board members at Disney, Chevron, Amgen, GE, and JP Morgan Chase. The data analysis expert Erik Rood used publicly available information from the S&P 500 top 50 to create an unusual map of these connections, resulting…

What do companies really have to reveal when a CEO is ousted? – The Washington Post

Jena McGregor writes in the Washington Post about the delicate obfuscation in CEO departure announcements:<P Barnes & Noble’s announcement on Tuesday that its CEO, Demos Parneros, was being terminated, gave investors some important information: He would not get a severance. His firing was not related to “any potential fraud.” He had violated a company policy and…

Pay for Big-Company Directors Tops $300,000 – WSJ

Compensation for directors of large U.S. companies continues to creep upward, with half paying a typical board member $300,000 or more last year, a new study finds. Median pay for the non-management directors of 100 of the largest U.S. companies rose 3.4% from $290,000 in 2016, according to the study from pay consultancy Compensation Advisory…

Board Members Ditching Annual Meetings

We recommend a no vote for directors who do not show up at annual meetings without a good reason. Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Companies that hold meetings online have…