Diversity, Equity, and Inclusion in the 2024 Proxy Season: A New Era of Scrutiny
The value of DEI initiatives: Regardless of receiving a DEI-related shareholder proposal, all companies should consider integrating DEI in their business strategy and operations. Indeed, DEI is a vital catalyst for:
Enhanced innovation and creativity: Companies with diverse management teams demonstrate 19% higher revenues due to innovation….
‘Anti-Woke’ Shareholders Are Going After Corporate Boards
A new kind of shareholder activism is rattling companies: “anti-woke” agitators.Shareholders at dozens of big companies, from GE Aerospace to UPS, are voting on proposals opposing environmental and social initiatives this year…..The activists frame the push as getting politics out of business—and suggest getting used to it…
One CISO Can’t Fill Your Board’s Cybersecurity Gaps
It’s important for the full board to dedicate substantial amounts of time to cybersecurity risk as a collective. A bespoke board session held on the back of a quarterly board meeting is one of the most effective things a board can do to elevate its cybersecurity knowledge….
Navigating shifting sands: Six ways boards are reshaping their processes to thrive now (Board Monitor US 2024)
The board landscape has always been in flux, and directors have always adjusted. In the same way that the push for independence, board diversity, and stronger financial oversight substantially reshaped today’s boardroom, …
2024 Board Monitor US
The number of new director appointments declined from a peak of 467 in 2019 to 386 in 2023—representing a near-record low since 2015. The percentage of women director appointments increased to 43% of all board seats in 2023 from 40% in 2022 (down slightly from a peak of 45% in 2021)…
CEO Tenure Rates
Chief executive officer (CEO) tenure rates have experienced a significant decline in the past decade. A recent study conducted by Equilar—featured in Barron’s annual Top CEOs issue—has brought the change to light, uncovering a substantial shift in both the median and average tenures of S&P 500 CEOs…
Six Early Takeaways from the 2024 Proxy Season
With November’s election on the horizon, the politicization of ESG topics remains a key concern for both investors and corporations. Over three quarters of North American CEO respondents to Teneo’s CEO and Investor Survey have stated that it has impacted the way their business operates. Nevertheless…
What’s it like to be CEO? In a word, lonely—and you might not know for years, or decades, whether you did a good job
Carol Tomé was warned before taking the helm of global shipping company UPS that she would feel lonely. She wasn’t fazed. “I would say, ‘How lonely can it really be? It can’t be that lonely?’ What I’ve since learned is that it is extraordinarily lonely,” she laughed. “When you are a member of an executive team, you hang together…
More CEOs are deciding the stress, pressure and loneliness are just not worth the money
In recent years, corporate chiefs have contended with everything from labor shortages and strikes to layoffs and culture wars, actual conflicts, the remote-working boom, snarled supply chains, pandemic shutdowns, historic inflation, surging interest rates, and a deeply uncertain economic outlook. Perhaps it’s no …
Board effectiveness: A survey of the C-suite April 2024 The boardroom mosaic: piecing together the future
Corporate governance needs to keep pace as the pieces of the mosaic are constantly shifting, with directors addressing more topics and fielding input from more stakeholders. Regulators such as the SEC and EU are mandating increased board responsibility and corporate transparency…
