August 31, 2009

Directorship's 10th Annual Boardroom Leaders Forum

The 10th Annual Boardroom Leaders Forum convenes the most advanced thinkers in corporate governance, regulation, shareholders, and leading directors and CEOs, as well as political and regulatory leaders in global business.
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August 10, 2009

Pay Czar Meets With Executives As Compensation Deadline Looms

The Washington Post (8/9, A1, Dennis, Tse) reported on its front page, "President Obama's compensation czar has been meeting for weeks with executives at some of the country's largest and most troubled companies as they face a Thursday deadline to propose how much they will pay their top employees." Kenneth R. Feinberg has the "unprecedented task of deciding executive compensation at seven companies that received large government bailouts." With Congress and the public "already exasperated by the hefty pay awarded to Wall Street bankers, Feinberg is under intense pressure to put checks on excessive pay." But if he "goes too far, the companies he oversees could lose their rainmakers and other key executives to rival firms that are not subject to similar pay restrictions." The seven companies are "still finalizing the pay plans due Thursday" and "all seek to give employees an incentive to care about the long-term health of their company instead of short-term gain."
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July 6, 2009

New England Business Leaders Cautiously Optimistic About U. S. Economic Recovery

BOSTON (July 6 2009) – Business leaders in New England are cautiously optimistic about the local and national economies, according to a new survey conducted by the National Association of Corporate Directors New England Chapter (NACD New England). Seventy-eight percent of the boardroom directors and other business leaders surveyed believe that the U.S. economy will recover either significantly or slightly within the next 12 to 24 months. Only five percent believe the economy will worsen, and 16 percent expect it to remain the same.
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June 3, 2009

SEC To Propose Expansion Of Pay Disclosures.

The Wall Street Journal (6/3, Scannell) reports the SEC "plans to propose that companies disclose in general terms how they compensate lower-ranking employees, expanding disclosures for the first time beyond the executive suite." SEC Chairman Mary Schapiro said Tuesday during congressional testimony "that the rules could be taken up by the agency next month." The proposals would not "require companies to say how much they pay these star performers, but they would have to disclose in more-general terms how lower-ranking employees are paid, especially when it affects the company's overall risk management." The SEC is also expected to "seek information about the overall design of the company's pay structure and how compensation relates to an employee's performance over the long run."
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May 20, 2009

NACD Issues America's Challenge for Corporate Directors

The current economic crisis has eroded public and investor confidence in corporate governance; American corporations must take action to restore the public’s trust. Congress, investors and corporations alike are struggling to find the right answers to improve our current situation and beyond. The National Association of Corporate Directors (NACD) believes that boards seeking ways to improve board performance and corporate oversight need a new, principles-based framework for making governance decisions.
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July 6, 2008

Leadership Survey on Economics & Corporate Governance Trends

NACD New England Leadership Survey on Economics & Corporate Governance Trends
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