Tag: board independence
Independent directors play essential role in assessing share buybacks
Study finds independent directors are efficient at monitoring buybacks and avoiding those “that would destroy long-term shareholder value”.
Boards prioritising company insiders over independence
After a previous trend for independent directors, crisis-hit boards have been appointing more company insiders with firm-specific knowledge.
BlackRock voting report reveals focus on independence and diversity
The fund manager voted against the reappointment of 6,560 directors around the world between the beginning of July 2020 and end of June 2021.
Boohoo board in the firing line over governance failings
Report by Alison Levitt QC criticises the fashion retailer’s board for presiding over “unacceptable” working conditions posing “a significant risk of disaster”.
LGIM to vote against combined CEO/chair roles worldwide
Asset manager says separated roles provide “a better balance of authority and responsibility”, which aligns with the long-term interests of investors.
Board independence revealed as key issue for investors in 2020
Nearly two-thirds of investors say proxy adviser ISS should recommend voting against the election or re-election of a board chair if they are not “independent”, regardless of the overall independence of the board.