There has been much controversy in recent years surrounding the dual role of chair and CEO. The number of independent chair shareholder proposals seeking to separate the two positions has increased significantly and continues to rise. Both Disney and Starbucks have faced this issue in the past and shareholders once again have proposed to split the roles of chairman and CEO.
Will the momentum behind the independent chair proposals be enough to carry the vote? Or will Disney’s and Starbucks’ recent positive performance shield them from the ire of corporate gadflies? Can a combined chair-CEO truly be subject to adequate oversight?
Join Proxy Mosaic in a free webinar as they host a panel of experts to explore and debate these important issues.
James McRitchie
Speakers:
James McRitchie, Publisher, CorpGov.net and proponent of independent chair proposals at Disney and Starbucks
Ryan Krause
Ryan Krauss, Ph.D., Assistant Professor of Strategy, TCU Neeley School of Business
Greg Taxin
Moderator:
Greg Taxin, Managing Member, Spotlight Advisors
Monday, March 9th, 11:00am ET
To register, click here.
Join us for our next Mosaic Dialogue Series event on Monday, March 9th. Proxy Mosaic is pleased to announce that guests on our first call included asset managers representing in excess of $15 trillion in AUM and issuers with a combined market cap of over $600 billion, as well as representatives from law firms, proxy solicitors, compensation consultants, and the academic community.
Listen to the prior Mosaic Dialogue Series event: Are Meaningful Shareholder Proposals a Thing of the Past?
Having worked with Starbucks early on, and spending a lot of time on Boards and advising boards, I bring a unique perspective. Few leaders can handle both roles effectively, Howard Schultz is one of the few who can. Vote to keep both roles embedded in one person!
Howard Schultz is doing a great job. The proposal calls for an independent chair AFTER Schultz. Succession planning is critical… even if long-term.