Boards have been steadily reinforcing their ranks through the addition of more directors with military experience in recent years. Veterans can add leadership and strategic perspectives, but also tactical skills, such as cybersecurity expertise, sources said. Boards with military experience are also known to hold CEOs to account more effectively than those made up entirely… Continue reading ‘Mission First:’ Military Directors More Likely to Hold CEOs Accountable
Tag: Board of Directors
Boards Consider Politically Connected Directors Under New Administration
Governance Professionals Caution Against Knee-Jerk Reactions to Shifting Political Winds Meta Platforms added Dana White, CEO of UFC and longtime ally of President Donald Trump, to its board this month. The headline-grabbing appointment comes as companies are donating money and setting up face-to-face meetings with Trump to win favor with the new president. However, sources… Continue reading Boards Consider Politically Connected Directors Under New Administration
Director Details: Who’s at the Table in 2024
A look at the demographics and skills of S&P 500 directors. Corporate boards have greater racial and gender diversity than ever before, new data on S&P 500 companies shows. …Other demographics for directors, such as median age, have remained little changed, according to figures from the public company intelligence provider MyLogIQ.
Long-Tenured Independent Directors Lower Litigation, Activist Risks
Companies with independent directors who’ve served on the board for more than 15 years are less prone to class action lawsuits and activist motions, research shows. …A study found that long-tenured independent board members bring value to companies in multiple ways. …In that time, 486 companies in the Russell 3000 were sued, meaning some firms… Continue reading Long-Tenured Independent Directors Lower Litigation, Activist Risks
Boards Look to Private-Equity World for Fresh Skills
PE-linked directors can bring specialized knowledge — and sometimes frustration — to the boardroom The number of public company board directors with private-equity experience has notably increased over the past decade, ultimately changing the culture and approach of public boards. Some 37% of Russell 3000 companies had at least one director with PE experience in… Continue reading Boards Look to Private-Equity World for Fresh Skills
‘Environment of Change’ Drives Topics to Full Board Supervision
Issues moving away from narrow committee oversight Board members are shifting narrow oversight of several topics on committees to the full board as urgency rises to handle everything from human capital issues to whistleblower concerns with a complete set of eyes, Agenda’s latest Directors’ and Officers’ Outlook Survey shows. This is a reversal from last… Continue reading ‘Environment of Change’ Drives Topics to Full Board Supervision
Are Check Marks ‘Cheap Talk’ in Board Skills Matrices?
Disclosures about directors’ skills and expertise are increasingly coming under the microscope as investors ramp up calls to link board members’ skills with company needs and strategy and activists use the universal proxy to seize upon alleged deficiencies in boardroom competence. Now, new research could add fuel to the fire. A recent study suggests that… Continue reading Are Check Marks ‘Cheap Talk’ in Board Skills Matrices?
Boards Named Slew of First-Time Directors This Fall
Large companies have seen significant board turnover in the past several months, capping off a year of increased focus from stakeholders on individual directors’ skill sets and board refreshment. Companies also appointed a large number of directors with government connections. Some 80% of S&P 500 directors currently say they have government and/or regulatory relations experience,… Continue reading Boards Named Slew of First-Time Directors This Fall