John Chevedden’s shareholder proposal gets majority support: On Monday, [Boeing] shareholders also narrowly approved a measure backing a policy requiring an independent board chairman. Boeing has had a separate chairman and chief executive since October. Boeing said each of the company’s 12 board nominees received a majority of votes from shareholders, though five directors got…
Tag: ceo/chair split
Give up board chairmanship? No thanks, US big pharma CEOs say | BioPharma Dive
VEA Vice Chair Nell Minow is quoted in this article about pharma companies’ reluctance to split the CEO and chair roles. “You don’t get to be a CEO by wanting to report to anybody, which is why it’s important to have somebody overseeing [the CEO],” said Nell Minow, a corporate governance expert who serves as…
Time for GE to Split Up the CEO-Chairman Job? | Directors and Boards
VEA Vice Chair Nell Minow, writing with Allan Grafman in Directors and Boards, says it is time for GE to have an independent board chair. At April’s annual meeting, General Electric’s leadership got an earful from retirees, employees and shareholders about the company’s financial woes, with one investor calling the once preeminent Blue Chip company…
As Zuckerberg heads to Capitol Hill, a call to replace him as Facebook’s chairman – The Washington Post
VEA Vice Chair Nell Minow was quoted in a Washington Post story about the likelihood of splitting the Chairman and CEO positions at Facebook: Minow predicted it was much more likely Facebook’s board would answer the call for more independent directors than it would be to demote Zuckerberg. The company has a lead independent director — Gates Foundation CEO…
