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: chairman/ceo 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…
CEO-Chairmen now in the Minority as Split Role Model Gains Ascendancy ChiefExecutive.net | Chief Executive magazine
Large companies that combine the CEO and chairman roles now count in the minority, marking a new milestone in American corporate governance history that’s been more than a decade in the making.The potential tipping point comes as companies face increasing investor scrutiny about the independence of boards and executives, possibly fanned by the recent bogus-accounts…
CalSTRS Letter to Bank of America on Chairman/CEO Split
September 1, 2015 Mr. Jack O. Bovender, Jr. Lead Director Bank of America Corporation Hearst Tower 214 North Tryon Street, NC-027-18-05 Charlotte, NC 28255 Dear Mr. Bovender, We are writing to you on behalf of the members of the California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirements System (CalPERS). Together, CalSTRS…
