Once an unusual occurrence, CEOs’ stepping down to take board or executive chair positions while new, typically first-time CEO replacements get their bearings has become routine in recent years. In an orderly internal transition, the move is thought to signal stability to customers, key clients, employees and investors, and often lasts about one or two… Continue reading Outgoing CEOs Step Down, but Not Out
Category: Agenda
Board Moves: Poor Meeting Attendance Hits Election Result
Missing one regular in-person board meeting and two telephone audit committee meetings was enough to drive Eric Rose’s attendance on the Abiomed board down to 70%. Prior to 2018, Rose, a heart surgeon and researcher, had attended all board and audit committee meetings since he joined the board in 2014. However, his difficult 2018 schedule and lackluster attendance… Continue reading Board Moves: Poor Meeting Attendance Hits Election Result
Pay Among NEOs Outpaces Chief Execs’
At many companies, the biggest raises in the C-suite this year didn’t go to those who hold the chief executive title. New research from several compensation advisories shows that pay raises among named executive officers in the Russell 3000 this past year outpaced those of CEOs. On one hand, the pay bumps for non-CEOs could show that… Continue reading Pay Among NEOs Outpaces Chief Execs’
Boards Tap C-Suite in Evaluations
As board evaluation processes mature, directors are becoming more willing to conduct in-depth evaluations of their peers and the full board, including asking members of management to describe their perspective on the board’s overall effectiveness via a third-party consultant. Though management’s input was once thought to be an unnecessary source of information, boards and consultants… Continue reading Boards Tap C-Suite in Evaluations
Board Moves: New Faces at Audit Committee Meetings
Boards are stuffing audit committees with new directors who have deep financial backgrounds as well as digital and e-commerce experience. Directors appointed to the boards of such companies as Becton Dickinson Co., Chesapeake Energy, GameStop, JetBlue Airways, MGM Resorts International, PulteGroup and United Rentals during the past four weeks have also been assigned to serve on audit committees, according to intelligence from SEC filings… Continue reading Board Moves: New Faces at Audit Committee Meetings
Few Cyber Experts Named to Audit Committees
The designation “kitchen sink committee” continues to be an apt moniker for the audit committee, as research shows it is getting saddled with cyber-security oversight more than any other board committee. However, new questions are emerging over whether audit committee directors have the right expertise to deal with these new responsibilities. Though investors are continuing… Continue reading Few Cyber Experts Named to Audit Committees
CIOs: Boards Don’t Get IT
Chief information officers and other tech executives have bemoaned boards’ lack of understanding about IT, cyber security and technology for years. But now a new website aims to bring some of those backroom concerns to boards’ attention. The Digital Directors Network, which launched this summer, is a new resource for board-level education on IT, technology and… Continue reading CIOs: Boards Don’t Get IT
A Peek at Executives’ Sky-High Aircraft Perks
Aircraft perquisites have taken a lot of heat lately, particularly from the SEC when executives’ travel perks aren’t properly disclosed. Agenda, using data pulled by SEC filings analyzer MyLogIQ, took a closer look at what was disclosed in regulatory filings. As a group, S&P 500 executives spent a collective $39.5 million on air travel in 2017, up from $32.6 million… Continue reading A Peek at Executives’ Sky-High Aircraft Perks