Governance Center Blog

May
17
2012

The Conference Board Leading Economic Index® (LEI) for the U.S. Dips Slightly

The Conference Board Leading Economic Index® (LEI) for the U.S. declined 0.1 percent in April to 95.5 (2004 = 100), following a 0.3 percent increase in March, and a 0.7 percent increase in February.

Says Ataman Ozyildirim, economist at The Conference Board: “The LEI declined slightly in April. Falling housing permits, rising initial claims for unemployment insurance and subdued consumer expectations offset small gains in the remaining components. Read the rest of this entry »

Apr
19
2012

CEO Challenge 2012 Reveals Critical Link Between Innovation and Human Capital

The top five challenges facing business leaders worldwide this year are Innovation, Human Capital, Global Political/Economic Risk, Government Regulation, and Global Expansion, according to nearly 800 chief executives, presidents and chairmen from leading companies in Asia, Europe and the United States who took part in the Conference Board CEO Challenge 2012.

The Conference Board has conducted the CEO Challenge survey every year since 1999, asking top executives across the globe and from many different industries to identify and rank their most critical business challenges and their strategies for addressing each one. Read the rest of this entry »

Apr
12
2012

CEO Succession: The Facts

Today, The Conference Board published The CEO Succession Report, which examines CEO succession events at S&P 500 companies for 2001-2011. The report was authored by Jason D. Schloetzer, Matteo Tonello and Melissa Aguilar. Key findings include:

  • 2011 CEO succession rate was 10.8 percent. This rate was consistent with the average number of annual succession announcements from 2000 through 2010.
  • CEO succession more likely to follow poor company performance. The study found that the probability of CEO succession is higher following poor company performance than when performance has been strong. In the 2000–2011 period, the succession rate among CEOs of poorly performing companies averaged 14 percent, compared with 10 percent for higher performing companies. Read the rest of this entry »
Apr
09
2012

The Governance Center Launches Search for Executive Director

The Conference Board is pleased to announce the search for an Executive Director of The Conference Board Governance Center. The Center has a legacy of leadership with respect to issues of corporate governance. From the Blue-Ribbon Commission on Public Trust and Private Enterprise through the Task Force on Executive Compensation, the Executive Director will build on that legacy and further the Center’s mission to drive optimal governance practices that lead to enhanced corporate performance, public trust and market confidence. Read the rest of this entry »

Mar
09
2012

CEO Compensation in India: Growing as India Becomes a Springboard to Other Markets

 

UofM Directors' College for Global Business & Law

University of Michigan Law School Directors' College for Global Business & Law

On April 18 – 20, The Conference Board Governance Center is co-sponsoring the University of Michigan Law School Directors’ College for Global Business & Law. As  the event approaches, we will be re-posting blogs from the Directors’ College’s blog. So, with all of the talk about Executive Compensation here in the US, we wanted to share a recent post on CEO Compensation in India. Read the rest of this entry »

Feb
16
2012

A New View Into Proxy Voting

In preparing for annual shareholder meetings and evaluating decisions about key governance practices, governance professionals, boards and management often need to evaluate appropriate responses to shareholder proposals and governance practices in light of recent voting results on similar proposals or practices. Read the rest of this entry »

Jan
30
2012

Governance Practices of IPO Companies – Is Carlyle More Mainstream Than You Thought?

A Director Note by Richard Sandler and Elizabeth Weinstein, Davis Polk & Wardell, recently published by The Conference Board examines the corporate governance practices of the top 50 IPO companies from 2009 through August 2011. A copy of the full Director Note is available here. Read the rest of this entry »

Jan
25
2012

M&A Activity in 2012

While we are in a contemplative mood with respect to what may happen in 2012, I turned to the topic of mergers and acquisitions.  Cleary Gottlieb Steen & Hamilton LLP recently published an advisory about what boards of directors may face in 2012, and one of the major topics was 2012 mergers and acquisition activity.  Below is an excerpt from the advisory.

M&A in 2012 – Significant Opportunities … and Risks

Read the rest of this entry »

Jan
06
2012

New twist to executive compensation disclosures

The web has been buzzing today about the recent agreement between Verizon Communications Inc. and the SEC. The agreement, detailed in a Wall Street Journal article, lays out the details. In short, Verizon will increase the disclosed pay for former CEO Ivan Seidenberg by $20 Million for 2009 and 2010 due to discretionary grants given to Mr. Seidenberg in 2007 and 2008. But what most people are focused on is on how to read the SEC staff position in a broader sense. Read the rest of this entry »

Jan
03
2012

Governance Watch – The 2012 Proxy Season

On December 16th, as people were preparing to shut down their computers for the holidays, we held a Governance Center webcast to review the key issues affecting 2012 Proxy Season. You can view the recording from that session below. Read the rest of this entry »

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