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19 Jul. 2017 | Comments (0)
Over the past three weeks, The Conference Board has released three corporate governance-related reports. They focus on such issues as CEO succession, board refreshment, gender diversity, and tenure as well as corporate political contribution disclosure. These come on the heels of The Conference Board Governance Center’s release of Just What Is the Corporate Director’s Job? Proxy Advisors’ Perspectives on the Board Member’s Job Description. The reports, which are available to members of The Conference Board, are:
- CEO Succession Report – 2017 edition One of the most important strategic risks a board of directors manages is the succession of its chief executive officer. To provide guidance for this process, CEO Succession Practices: 2017 Edition analyzes all CEO succession events at S&P 500 companies over the last 16 years, with additional analysis based on our 2017 survey. Among the findings: CEO departures from under-performing companies reach a high not seen in 15 years, with spikes seen in retail and wholesale trade sector and the oil and gas extraction industry. The largest financial companies have the highest disclosure rates for succession planning, possibly stemming from their effort to strengthen a culture of risk oversight. After years of a sharp rise, the succession rate of older CEOs has begun to normalize, confirming the completion of a generational shift in leadership.
- Governance Outlook for Directors: Highlights of the 2017 The Conference Board /CED Spring Policy Conference During the Committee for Economic Development/The Conference Board Spring Policy Conference, two former SEC commissioners observed that parts of the Dodd-Frank Act might be vulnerable to some rollback through new congressional legislation and presidential actions. A panel of experts that included a not-for-profit advocating political contribution disclosure analyzed the 2016 presidential election through a disclosure lens. As part of the Governance Center’s two-year project, three sitting directors opined on board refreshment, board gender diversity, and CEO succession. Cyber experts looked at board readiness and determined that many boards lack the knowledge necessary to understand cybersecurity.
- The Landscape of Campaign Contributions: Campaign Finance after Citizens United This report examines the changes taking place in campaign finance and presents an analysis of the financial activity in the 2014 and 2016 elections in the post-Citizens United regulatory environment. The analysis includes independent expenditures and contributions to the top super PACs to assess the behavior of corporations, business groups, labor unions, and other organizations.