CEO stakeholder commitments illusory claim Harvard duo Research conducted by two renowned Harvard academics has cast doubt on the commitments made a year ago by 181 CEOs affiliated to the Business Roundtable trade group. Twelve months ago, business leaders at some of the world’s biggest companies pledged that they would consider the interests of all […]
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CEOs backing new governance statement cause a stir When over 180 of America’s top CEOs signed a new corporate governance agreement that effectively eliminates shareholder primacy and commits to representing the interests of ‘all Americans’, the move was going to attract attention. The Business Roundtable, an association of chief executives of America’s leading companies, updated […]
Read More[amazon-product alink=”00607C” bordercolor=”00607C” height=”240″]0691120390[/amazon-product] Life is full of strange coincidences. As the mobile phone rang on Sunday morning with a question from a journalist about Tony Ball turning down a proposed £20 million package to take the hot seat at ITV, I happened to be reading a review of Rakesh Khurana’s 2002 book “The Irrational […]
Read More“He who dies with the most toys still dies” was a quote on the No Fear brand of T-shirts a few years ago. Funnily enough that saying came to mind when news of Amalgamated Bank’s shareholder proposals against “Golden Coffins” came out this week. For the uninitiated, a Golden Coffin, in exec comp terms, is […]
Read MoreWhen it comes to incentive pay schemes, it’s rare to encounter a scheme that strays from the ‘tried and trusted’ EPS and TSR performance measures. Anything that seeks to focus to a significant degree on extra-financial performance measures is for all practical purposes non-existent. As the debate on performance-related pay rumbles on, many investors are […]
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