This collection of articles from NACD explores the ways in which the business community sees the status quo changing, embracing difference in order to thrive in the years ahead. In the case of staffing company TrueBlue, a period of major expansion caused the board and the C-suite to seriously consider whether they were composed to…
9% of S&P 500 CEOs in 2018 Were 50 and Younger – Young CEOs are rare in the S&P 500. As indicated by the CompanyIQ® SEC EDGAR database, only 45 of the 500 CEOs in 2018 were 50 and younger. 4 of the 45 Young CEOs are Women – Though they were not the youngest…
12 Shareholder Proposals on Sexual Harassment – The #MeToo sexual harassment movement has impacted companies in the 2019 proxy season through 12 shareholder proposals. As the CompanyIQ® SEC EDGAR search tool for proxy proposals indicates, six of the 12 are directly related to preventing sexual harassment. The other six are related to efforts to remove…
12% of Board Chairs Changed in 2018 – An analysis of proxy filings in the CompanyIQ® SEC EDGAR database through the end of April 2019 indicates that 12% of S&P 500 board chairs rotated in 2018. Corporate Governance Committes Had the Biggest Change in 2018 – Our analysis shows that among the top three committees,…
Uber filed its IPO prospectus on April 11, 2019. It is expected to start selling shares valued at up to $90 billion in the next two weeks. While one of the main stories to be revealed in the prospectus is that the company is losing close to $2 billion a year, there are also many…
Using the CompanyIQ® SEC EDGAR database, we looked at the question of why directors of R3000 companies were departing. Our main finding is that restructuring was the top reason for director departures in the Russell 3000 for January-March 2019.
What Does the Data Say About Director Departures? As the CompanyIQ® SEC EDGAR database on corporate governance shows, companies in the Russell 3000 index have a total of some 26,000 directors serving on their boards. A certain amount of churn among these directors is standard and expected due to life events, mergers and acquisitions, terminations,…
Uber filed its IPO prospectus on April 11, 2019. It is expected to start selling shares valued at up to $90 billion in the next two weeks. While one of the main stories to be revealed in the prospectus is that the company is losing close to $2 billion a year, there are also many…
Recruitment of under-40 directors is up, but is age diversity a sure bet for tackling the next generation of boardroom issues? Peter Pan notwithstanding, a fixation on youth is generally considered unhealthy in most contexts. In boardrooms, a dearth of age diversity is increasingly viewed as a sign of being out of step with the…
Age Limits for Directors Still Not Common in All Indices Mandatory board retirement ages for directors vary by index. As the chart below with data from the CompanyIQ® corporate governance database shows, 90% of the Dow 30 companies and 80% of S&P 100 companies had an age limit of 75 or under for their directors…