Tag Archives | directors

SB 826

SB 826: Sidley Austin LLP Update

SB 826 requires specified California-based public corporations to include women directors on their board. Sidley Austin LLP put out a bulletin on the topic. To ensure it receives widespread circulation, I am reproducing its main text below, with one minor change to break up an absurdly long sentence. (more…)

Continue Reading ·
gender quotas in-california-boardrooms-could-pave-the-way-for-diversity

Gender Quotas in California Boardrooms May Pave Way for Diversity

By August 31, 2018, California could become the first state in the nation with gender quotas to mandate publicly held companies that base their operations in the state to have women on their boards. The legislation—SB 826—will require public companies headquartered in California to have a minimum of one female on its board of directors […]

Continue Reading ·
Tesla 2018 Underperforms by 24%

Tesla 2018 Proxy Decisions Crucial

Tesla 2018 annual meeting is June 5, 2018. Tesla, Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States and internationally. If Tesla is to survive and thrive, it needs a more independent board. The vote of shareholders will be crucial in deciding Tesla’s future. Most shareholders […]

Continue Reading ·
Nell Minow

Nell Minow: Only Corporate Governance Can Save the World

Nell Minow is one of my heroes. Her 1991 book with Bob Monks, Power and Accountability: Restoring the Balances of Power Between Corporations and Society, helped me give a name and framework to what I thought was the world’s most important overlooked problem — corporate governance. During the last 27 years, I have never met […]

Continue Reading ·
Standing Voting Instructions Ban Suppresses Retail Vote

Standing Voting Instructions: Reviewed

Standing Voting Instructions: Empowering the Excluded Retail Investor by Jill E Fisch just could be the most important article on corporate governance this year… if it is widely read and acted on. Download at ecgi, Penn Law or SSRN. The above photo is from Small Investors Support the Boards. But Few of Them Vote, The New York […]

Continue Reading ·
Equilar GDI - gender parity

Equilar GDI: Board Gender Parity 2055

The new Equilar GDI (Gender Diversity Index) found it will take nearly 40 years for Russell 3000 boards of directors to reach gender parity. If the current rate of growth remains the same, Russell 3000 boards would reach 50% male and 50% female representation in Q4 2055. Diversity Forum I urge readers 5/10 join CalPERS […]

Continue Reading ·
Douglas Park of Park and Dibadj Consultancy

Park and Dibadj Consultancy

Douglas Park and Reza Dibadj have launched their boutique business and legal consultancy, Park and Dibadj (P&D)—a unique firm that addresses unmet needs in corporate strategy and governance. We bring decades of successful experience as both lawyers and strategists in extraordinarily challenging environments. We believe that a siloed approach—law on the one hand, business on […]

Continue Reading ·
3D Joins Equilar Diversity Network

3D Moves to Equilar – Diversity Benefits

3D Moves to Equilar. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) today announced the Diverse Director DataSource (3D) will now be available through the Equilar Diversity Network. The new partnership marks an exciting milestone for the 3D, a database the two pension funds jointly developed in 2011. 3D […]

Continue Reading ·
The Handbook of Board Governance

The Handbook of Board Governance

When I agreed to contribute a chapter to Richard Leblanc’s book, I knew he was an excellent speaker, blogger and teacher. I also suspected he was a good promoter. How else could he attract over 23,000 members to his Linkedin group, Boards & Advisors? But, I never dreamed I’d see The Handbook of Board Governance: A Comprehensive Guide […]

Continue Reading ·
Directors Forum 2016: Set for Opening Reception

Directors Forum 2016: Directors, Management & Shareholders in Dialogue

Directors Forum 2016 is a ‘must’ in an increasingly complex and volatile environment with expanding investor and stakeholder activism, geo-political unrest and 24/7 political campaigning, boards and management facing unprecedented demands. “Directors Forum 2016: Directors, Management & Shareholders in Dialogue,” hosted by Corporate Directors Forum on January 24-26, 2016, provides a forum for three constituencies […]

Continue Reading ·
1 woman for every 7 men in top leadership at California's largest firms

Small Gains by Women in California Companies

Women in California companies continue to make slight progress. More of California’s largest 400 public companies public companies than ever have women chief executive officers (CEOs), and fewer have no women in their C-suites and boardrooms. However, the annual University of California, Davis, study shows women still hold just one in eight of the senior […]

Continue Reading ·
CII - Proxy Access: Best Practices

Avoiding Proxy Access Lite: Revised Template

Last week I uploaded a revised template for proxy access proposals (see Avoiding Proxy Access Lite: QUALCOMM Proposal) to address some of the problems identified by the Council of Institutional Investors in their August 5th report, Proxy Access: Best Practices. Thanks to the quick response from several readers, I have already made a few improvments. Please use […]

Continue Reading ·
Replacing Board Members - Elephant In The Room

Video Friday: Replacing Board Members

As I reported in Replacing Board Members: The Elephant in the Room, SVDX and Stanford University’s Rock Center put on another great event last week that just about packed the house! These events are always top notch. A few nibbles and coffee or tea for breakfast, excellent company and a great program — what more could you want on third […]

Continue Reading ·
proto labs

Proto Labs: Proxy Score 100

Proto Labs Inc (NYSE:PRLB), one of the stocks in my portfolio, is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. Their annual meeting is coming up on 5/20/2015. ProxyDemocracy.org had the votes of one fund when I checked and voted on 5/11/2015. I voted with management 100% of the time and assigned Proto Labs a proxy […]

Continue Reading ·
United-Guardian

United-Guardian: Proxy Score 22

United-Guardian Inc. (UG:NASDAQ) is one of the stocks in my portfolio. The Company researches, develops, manufactures, and markets cosmetic ingredients, personal care products, pharmaceuticals, medical lubricants, health care products, and specialty industrial products in the United States, Canada, China, the United Kingdom, France, and internationally. Their annual meeting is coming up on 5/19/2015. ProxyDemocracy.org doesn’t track United-Guardian. Therefore, this analysis […]

Continue Reading ·
Challenging Boardroom Homogeneity

Where are Women? Challenging Boardroom Homogeneity

Challenging Boardroom Homogeneity: Strategies for Increasing Board Diversity – A Conversation with Aaron Dhir and Deborah Rhode. Sponsored by the Stanford Center on the Legal Profession, the Rock Center for Corporate Governance, Stanford Women on Boards, and the Vision 2020 Project. Tuesday, May 26, 2015 5:00 – 5:30pm Reception 5:30 – 6:30pm Presentation Stanford Law School, Room 190 (more…)

Continue Reading ·
Shareholder Activism

Shareholder Activism Redux: The Good, Bad and Ugly

It’s impossible to read a newspaper, magazine or blog, or watch the news without hearing about shareholder activism.  It’s an industry unto itself with activist funds, attorneys who represent activists, activist defense lawyers, activist-focused investment bankers, activist conferences, activist newsletters, activist databases, and, of course, there are Messrs. Bebchuk and Lipton. As a former institutional […]

Continue Reading ·
Tractor Supply

Tractor Supply Company (TSCO): Proxy Score 100

Tractor Supply Company (TSCO) is one of the stocks in my portfolio. They offer a comprehensive selection of merchandise, which include equine, livestock, pet and small animal products; hardware, truck, towing and tool products; seasonal products, including lawn and garden items, power equipment, gifts and toys; maintenance products for agricultural and rural use, and work/recreational clothing and […]

Continue Reading ·
Chelsea Clinton says Change the System

Change the System

In an unscripted moment at a Clinton Foundation event in Miami, Chelsea mentioned a study that shows there are more men named John, Robert, William or James on corporate boards than there are total women corporate directors. Upon hearing that statistic, Hillary, who was on stage with Chelsea, joked, “sounds like we need to change our names!” […]

Continue Reading ·
Johnson & Johnson

Johnson & Johnson (JNJ): Proxy Score 44

Johnson & Johnson (JNJ), which researches, develops, manufactures, and sells various products in the health care field worldwide, is one of the stocks in my portfolio. Their annual meeting is coming up on 4/23/2015. ProxyDemocracy.org had the vote of three funds when I checked and voted on 4/17/2015.  I voted with management 44% of the time and assigned Johnson […]

Continue Reading ·

Nonprofit Boards: Better than Corporate Boards?

Ralph Ward brings nonprofit boards into focus.  The nonprofit sector — education, charities, parastatals, co-ops, NGO’s, etc. — makes up a huge share of the world economy, and is a huge player in civil society.  Yet, the board and governance tools needed to shape and monitor this nonprofit galaxy for too long have been under-studied […]

Continue Reading ·

Lost in Translation: Directors & Cyber-Risks

Cyber-Risk Forum as Advertised by SVDX Directors aren’t chief technology officers (CTOs): What is the “right” level of inquiry and diligence when it comes to cyber-threats? Where will boards be held responsible for cyber-failures, and what can they do to protect their shareholders and themselves from frivolous suits? What did the Target board fail to […]

Continue Reading ·
GroupThink

Groupthink in the Boardroom Context

Corporate boards are entrusted to make sound and informed business decisions on behalf of shareholders and to take their best interest into consideration. Decisions made at the board level are of strategic significance that may perhaps completely transform the future path of corporations. Examples of major strategic decisions include mergers and acquisitions, entering new markets, […]

Continue Reading ·

Costco Wholesale: Proxy Score 36

Costco Wholesale Corporation (COST), which operates membership warehouses, is one of the stocks in my portfolio. Their annual meeting is coming up on 1/29/2015. ProxyDemocracy.org lists the votes of 6 funds from 5 fund families. You can also find votes from CalSTRS and OTPP.  I voted with management 36% of the time and assigned them a proxy score of 36. […]

Continue Reading ·

Last Day for Early Registration: Directors Forum 2015, San Diego

Sign up today for the 10th anniversary, Directors Forum: Directors, Management & Shareholders in Dialogue, which brings together a unique blend of institutional investors, directors, management, regulators, consultants and contractors in an intimate setting designed for genuine access and interaction between speakers and attendees. January 25 – 27, 2015 in beautiful San Diego. I attend several […]

Continue Reading ·

A VC’s Role on Boards & Director’s College

The role of VCs on private boards and their boardroom role in the IPO process are the stuff of Silicon Valley legend. The real story of VCs in boardrooms — when they first take a seat at the table to when they eventually leave the room — needs to be told. We’ll help set the […]

Continue Reading ·
Hain Celestial

Hain Celestial Group: Proxy Vote Score 14

The Hain Celestial Group, Inc. (NASD:HAIN), which manufactures, markets, distributes, and sells organic and natural products, is one of the stocks in my portfolio. Their annual meeting is coming up on 11/20/2014. ProxyDemocracy.org had collected the votes of two funds when I checked on 11/18/2014. Sorry for the late post. Today is the last day to vote online. I […]

Continue Reading ·

Powered by WordPress. Designed by WooThemes