The median change in base salary in 2023 was 4.0% for CFOs, similar to last year’s 3.8% increase. For CEOs, the median salary change was 0%, well below last year’s 2.9% median increase...
Category: latest news
Onboarding is an integral part of the board recruiting process. Robust director onboarding allows the company to benefit quickly from a new director’s skills, experience and perspective. Onboarding also helps to maintain board culture and chemistry and helps less experienced directors fully...
Artificial intelligence has emerged as a pressing issue for boards that demands new approaches to governance to ensure that companies are seizing opportunities for value creation, while minimizing enterprise risk. AI technologies possess the potential to revolutionize industries, disrupt traditional business models, and profoundly alter long-term strategies for growth....
Almost 40% of all new board chairs in 2023 were women; 38% of all CSSBI 100 directorships were held by women, almost 30% more than in 2019; Gender-balanced boards increasing — 12% of boards were at least fully gender balanced; women were in the majority on five,...
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....
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...
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....
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)...
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...
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...