News & Analysis as of

Board of Directors Tenure

KPMG Board Leadership Center (BLC)

Latino representation on Fortune 1000 boards: 2023 Edition

Latino representation on Fortune 1000 boards: 2023 Edition marks the fourth study by the KPMG Board Leadership Center and the Latino Corporate Directors Association (LCDA) examining trends in board service, gender, age,...more

Allen Matkins

Do Mandatory Retirement Age Requirements For Directors Violate California Law?

Allen Matkins on

While the Securities and Exchange Commission requires disclosure of the ages of directors (Item 401(a), Regulation S-K), it does not impose any age limitations on directors. Nonetheless, many public companies have adopted...more

Snell & Wilmer

Cybersecurity Remains a Hot Topic for Boards in 2017

Snell & Wilmer on

Each year, a number of surveys and commentators describe and predict the trending topics of interest and importance to boards of directors in the for-profit and non-profit sectors. As we wrap up the first quarter of 2017, it...more

Snell & Wilmer

Top Board Concerns Heading into 2017 Remain a Hot Topic

Snell & Wilmer on

Each year, a number of surveys and commentators describe and predict the trending topics of interest and importance to boards of directors in the for-profit and non-profit sectors. As we wrap up the first quarter of 2017, it...more

Morrison & Foerster LLP - JOBS Act

IRRC Institute and ISS Issue Joint Study on Board Refreshment Trends

The Investor Responsibility Research Center (IRRC) Institute and Institutional Shareholders Services (ISS) recently issued a joint study titled “Board Refreshment Trends at S&P 1500 Firms,” which analyzes demographic trends...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Directors Must Navigate Challenges of Shareholder-Centric Paradigm"

The corporate governance landscape has become more complicated, making it more difficult for directors to manage the often inconsistent demands of multiple constituencies while pursuing the fundamental fiduciary obligation to...more

Snell & Wilmer

Corporate Communicator - 2017 Annual Meeting Season

Snell & Wilmer on

Dear clients and friends, We present our traditional year-end issue of Snell & Wilmer’s Corporate Communicator to help you prepare for the upcoming annual report and proxy season. This issue highlights SEC reporting and...more

Foley Hoag LLP

Changes to the New York City Retirement Systems’ Proxy Guidelines

Foley Hoag LLP on

The New York City Retirement Systems (NYRS) recently published a major overhaul of their proxy voting policies, the first in 30 years. Released in April 2016, the “Corporate Governance Principles and Proxy Voting Guidelines”...more

Cooley LLP

Blog: Does Director Tenure Affect Company Value?

Cooley LLP on

With a number of institutional investors and proxy advisory firms advocating that public companies adopt “board refreshment” policies, much energy has been devoted to studying the impact of director tenure in the context of...more

Dorsey & Whitney LLP

Board Refreshment: Investors Respond to Trends in Mandatory Retirement Age and Tenure with More Stringent Voting Policies

Dorsey & Whitney LLP on

As many institutional investors have concluded, prevailing governance policies and practices have not produced desired board refreshment, which these investors would support in order to strengthen expertise, promote diversity...more

Cooley LLP

Blog: Scrutiny Of Director Tenure Continues: Is It The Next Cause Célèbre?

Cooley LLP on

The scrutiny of pale, stale and male boards continues, this time focused on the “stale,” that is, long-tenured directors. According to the WSJ, institutional investors are increasingly questioning whether more turnover on...more

Cooley LLP

Blog: Does The Rise Of The “New Insider” Mean That It’s Time For A Board Refreshment Policy?

Cooley LLP on

The term “board refreshment” may elicit some giggles – no, we’re not talking about shots of The Balvenie 50-Year Old Single Malt Scotch Whisky, Speyside, Scotland – but the topic of director tenure is increasingly becoming...more

Latham & Watkins LLP

Director Tenure: A Solution in Search of a Problem

Latham & Watkins LLP on

Director tenure continues to gain attention in corporate governance as term limits become a cause célèbre. Proponents argue directors should no longer qualify as independent after 10 years of service, even though no law, rule...more

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