What do investors want from a board of directors? Much is written on this topic, yet rarely do we get the opportunity to hear directly from the people who vote or influence the vote of shareholder proxies.
Inside America's Boardrooms now brings you the 2nd edition of the Board Performance Review panel series, a platform that allows investors and proxy advisors (representing trillions of dollars and hundreds of millions of votes) to express how they feel about the current board governance environment and the progress they've seen. Click here to see Part 1.
Inside America's Boardrooms now brings you the 2nd edition of the Board Performance Review panel series, a platform that allows investors and proxy advisors (representing trillions of dollars and hundreds of millions of votes) to express how they feel about the current board governance environment and the progress they've seen. Click here to see Part 1.
Guests
- Ed Garden - Chief Investment Officer and Founding Partner at Trian Fund Management, L.P.
- Robert McCormick, Esq. - now former Chief Policy Officer at Glass Lewis & Co.
- Glenn Booraem - Fund Treasurer and Head of Corporate Governance at Vanguard Group
- Q: What are boards doing well? Where do they still need to improve? Panelists weigh in on board communication, composition, disclosures, and compensation. Garden focuses his discussion on strategy and operations, offering both good and bad examples.
- Q: What expectations do Vanguard and Glass Lewis have surrounding shareholder engagement? Booraem and McCormick describe the best board engagements they've experienced.
- Q: What is the integrity of today's board disclosures? How insightful or effective are board disclosures to today's institutional investors and proxy advisors?
- Q: Looking into the future, what should boards expect on the road ahead? Panelists foreshadow an ownership mentality that's on the rise among boards, as well as trends in board composition that are beginning to mirror the private equity model.
