Month: March 2018

Diversity Moves: Companies Are Listening–Four African-American Females Appointed to Boards

It appears companies are getting the memo that the lack of gender and ethnic diversity on corporate boards is an important issue. Within the past two weeks, four African-American females have been appointed to boards. This means companies are beginning to get the message and are taking appropriate action. This is a trend worth noting, …

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Five Ways Your Proxy Disclosure Can Appeal to Investors

Nasdaq’s Governance Clearinghouse has published a very helpful article which highlights strategic ways to grab the attention of investors via proxy statement disclosure. Nasdaq hits on five trending focus areas companies can use to appeal more effectively to investors, which include: Disclose the Company’s Approach to Shareholder Engagement Outline the Board’s Role in Setting Strategy …

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Diversity Moves: Intel Adds Risa Lavizzo-Mourey, M.D., to its Board

Kudos to Intel for appointing Risa Lavizzo-Mourey to its board of directors, a very important diversity move in the wake of a lack of gender diversity in corporate America. As board diversity continues to trend upwards in the corporate governance industry, seeing corporations move the needle forward is very noteworthy and important. Congratulations to Risa …

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Investor Announces That Board Diversity Should Include LGBT People

Agreed. Institutional investor Amalgamated Bank is the first non-governmental investor to broaden the definition of diversity to include LGBT+ people. I applaud Amalgamated for taking on a more inclusive approach to expand this definition in corporate America, more specifically, the boardroom. LGBT+ directors are often forgotten or non-existent on many boards and investors are now …

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State Street Says “Comply or Explain” Regarding ISG Principles

Remember the Investor Stewardship Group and Framework for U.S. Stewardship and Governance? Well, State Street Global Advisors is making sure you don’t forget. In a February 23, 2018 letter sent to company board members listed in its index, State Street clearly outlines its expectations from companies regarding the ISG principles which went into effect January …

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BlackRock Presses Gun Makers for Change in Wake of Parkland, Florida Shooting

In the wake of the Parkland, Florida shooting, large investors like BlackRock, the world’s largest asset manager are calling on gun makers and manufacturers it invests in to make necessary changes. Recall, back in January, BlackRock CEO Larry Fink wrote his annual letter to chief executives asking them and their companies to take a leadership …

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United Airlines Receives Employee Backlash Over Pay-for-Performance

Welp, it appears United Airlines missed the mark on this one, especially with its employees. In a pay-for-performance nightmare, United Airlines President sent a memo to employees, essentially notifying them that their quarterly performance bonuses would be replaced with a rewards program, or in other words, a lottery program where only few could win. According …

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CII Report: How Corporate Boards Can Combat Sexual Harassment

Check out this very timely report issued by the Council of Institutional Investors which provides helpful recommendations and resources that board directors and investors can use as a guide in addressing the risks and fallout of sexual harassment claims. The report discusses a range of topics including personnel, training, policies and procedures, board composition and …

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