1. Articles in category: BoardProspects CEO

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    1. Breaking News – Wells Fargo’s Board Members Re-Elected at Annual Meeting

      Breaking News – Wells Fargo’s Board Members Re-Elected at Annual Meeting

      After what has been described as a "contentious" Annual Meeting today, the Shareholders of Wells Fargo (NYSE: WFC) narrowly re-appointed the bank’s board of directors.  Every board member on the ballot received support from at least 53% of the votes which were cast.  Wells Fargo’s board guidelines call for directors to resign if they fail to win support from the majority of the votes cast.  Nevertheless, many corporate governance experts believe that if a director receives less than 80% support, they should consider resigning from the board.  

      Today's vote begs the question -- what would it have taken ...

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    2. Making The Case to Pay Non-Profit Board Members

      Making The Case to Pay Non-Profit Board Members

      The National Association of Nonprofit Organizations & Executives is making a push to change the model of corporate governance for non-profits.  Included within this new model is the payment of board members.  Currently, only about 1% of non-profits in the U.S. actually compensate their board members.

      I continue to struggle with this issue.  Several years ago I viewed it as entirely inappropriate to compensate board members of non-profits.  More recently, I believe a strong case can be made for compensating board members -- particularly larger non-profits which operate more like a for-profit than a non-profit.

      I'm curious as to what ...

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    3. Resignation Letter To the Board of Brightcove

      Resignation Letter To the Board of Brightcove

      There was a fascinating letter last week from Chet Kapoor of Tenzing Global -- resigning from the Board of Directors of Brightcove (NASDAQ: BCOV).  Tenzing Global is an investment advisory firm in San Francisco.  Here is just part of what Mr. Kapoor said in his scathing letter to fellow board members:

      "Lively debate on a board can be a healthy and productive means of vetting important issues through inquiry and research, critical questioning, and building consensus that sets the optimal course for a company. Unfortunately, as it currently stands, no such process exists on the Board and attempts at discourse on ...

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    4. BoardProspects Now Offers Personal Brand Consultants

      BoardProspects Now Offers Personal Brand Consultants

      As CEO of BoardProspects, I am often asked by our Members about the quality of their BoardProspects Profile.  I am excited to announce that BoardProspects now offers our Members the services of Personal Brand Consultants -- who will review your BoardProspects Profile (as well as your resume and LinkedIn Profile) and provide feedback on how to best strengthen the Profile so you can make the best impression possible on Boards seeking new Prospects.  More Info...

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    5. We are excited to announce a new Corporate Governance resource for our female members!

      We are excited to announce a new Corporate Governance resource for our female members!

      We are excited to announce a new Corporate Governance resource for our female members! Broadrooms is an informational resource for women who serve, or want to serve, on corporate boards. It’s proven that board diversity benefits the bottom line, yet less than 20% of corporate directors are women. Broadrooms was founded to provide executive women the tools they need to serve on boards. Gerri Elliott, Veteran BoardProspects member and the founder of Broadrooms, has championed diversity throughout a long career in corporate leadership and knows firsthand the challenge of finding information and best practices for serving on public boards ...

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    6. $18M to Serve on a Board of Directors? Stunning Director Compensation Figures in Equilar Report

      $18M to Serve on a Board of Directors?  Stunning Director Compensation Figures in Equilar Report

      Equilar has released a new report Director Pay Trends, which contains several stunning figures pertaining to board compensation -- such as Regeneron Pharmaceuticals paying its board a total of $18.5M in compensation in 2015.  It is noteworthy that the three boards at the top of the list are classified (directors only face re-election every few years as opposed to annually).  Thankfully, for shareholders, the number of classified boards in the S&P 500 has dropped to 10.4% (down from 27.9% in 2012).  Read the Equilar Report HERE

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    7. The Solution to Over-Boarding: SEC or Shareholder Action?

      The Solution to Over-Boarding: SEC or Shareholder Action?

      "According to a new survey by BDO USA, LLP, one of the nation’s leading accounting and consulting organizations, three-quarters (74%) of public company board members are in favor of placing limits on the total number of boards on which a director may serve and they generally favor more stringent limitations than those supported by proxy advisory firms." I wrote about this topic in Forbes back in 2014: Overboarding Article.  I'm curious as to what our Members think about this topic.  What are too many boards at one time?  And who should be the one to take action -- the ...

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    8. Lululemon's Mystery Board Member Resigns

      Interesting article in Fortune on the resignation of Lululemon board member Rhoda Pitcher:  Fortune article.  Lululemon could have helped itself out by being much more up-front when questions arose in June regarding the credentials of Pitcher.  At the time, the company said that she was a valued member because her “considerable knowledge of our business gained from more than 10 years as a director of Lululemon makes her well suited to provide advice with respect to our strategic plans, culture and marketing programs.”  

      Institutional knowledge alone is no longer sufficient justification for an individual's continued appointment to the Board ...

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      Mentions: Shareholders
    9. National Amusements -- The Time for Settlement Is Now

      I actually thought that nothing could surprise me any longer in the ongoing debacle involving Sumner Redstone, National Amusements and Viacom.  That was, until, I saw the headline in yesterday's Los Angeles Times -- "Redstone Family Blasts Dauman After Viacom Profit Tumbles 27%".  The theater of absurdity which continues to play out in this matter in both public and in the courtroom has now reached an unprecedented level for such a major corporation. The Redstone family is now placing the blame on Viacom's poor performance in the 3rd quarter on its CEO, Philippe Dauman.  I guess it has nothing ...

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    10. Investor Activists Get Their Share

      Investor Activists Get Their Share

      "Many activist investor campaigns begin when an investor identifies what they believe is an undervalued company," says Mark Rogers, founder and CEO of BoardProspects.com, a board recruitment network. “They then take an equity position – sometimes as low as 1.5 percent – and begin a campaign to encourage the company's board of directors to take certain actions to increase overall value."

       

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    11. Sumner Redstone Drama Spawns Exec Exodus at Viacom

      Sumner Redstone Drama Spawns Exec Exodus at Viacom

       "People forget we are the victims of this whole charade," says one Paramount employee who has been with the studio for a decade. Adds Mark Rogers of BoardProspects, a recruitment firm, "I'm willing to bet that the parties involved in the litigation aren't considering the impact their actions are having upon the stock options of Viacom employees ...

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    12. Size matters: CEO paydays are often linked to a company’s size, rather than its performance

      Size matters: CEO paydays are often linked to a company’s size, rather than its performance

      Compensation experts say such discrepancies highlight that, while corporate boards are increasingly tying compensation to performance, size still holds sway when it comes to executive payouts. “The reality is that once you’re talking about a larger company ... they are going to be paid more,” said Mark Rogers, founder and CEO of Boston-based board recruitment firm BoardProspects.

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    13. Why is There No Room for Hispanics On Corporate Boards?

      Why is There No Room for Hispanics On Corporate Boards?

      For the seventh consecutive year, the percent of directors of Hispanic origin elected to Fortune 500 boards was sharply lower than the overall representation of Hispanics in the U.S. population, according to the Heidrick & Struggles 2016 board monitor.

      I am curious as to what the Members of BoardProspects think...

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    14. View My Comments in: "Viacom Stock Surges on Speculation Dauman May Be Forced Out"

      View My Comments in: "Viacom Stock Surges on Speculation Dauman May Be Forced Out"

      Meanwhile, Mark Rogers of BoardProspects says that real change at Viacom may not come until after Sumner Redstone dies. 

      "But Shari is taking steps now to consolidate power and stack the decks in her favor," Rogers said. "Given what is at stake, I don't see this as an easy and efficient process. There is the potential for a protracted and contentious legal battle."

      http://www.hollywoodreporter.com/news/viacom-stock-surges-speculation-dauman-897404

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      Mentions: BoardProspects
    15. See what I have to say about Yahoo's deal with Starboard in USA Today's article

      The bids that Yahoo received "probably weren’t what they were hoping for," he said. "So now they realized we don’t have an option here and we can't keep fighting Jeff Smith. We have to do a deal with him because we don’t know what the options are."

      http://www.usatoday.com/story/tech/news/2016/04/27/yahoo-shakes-up-board-deal-starboard/83586936/

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    16. Featured in Fortune Magazine my article titled "It’s Time to Admit You Can’t Do It All"

      Busy entrepreneurs and executives have a lot to juggle, and it can easily become overwhelming. Between writing business plans, hiring employees, managing teams, raising capital, engaging customers, and networking events, there’s a lot on a leader’s plate. While there are many helpful suggestions on ways to balance everything, here’s another piece of advice I’ve learned during my journey: You can’t do it all. And you shouldn’t.

       http://fortune.com/2016/04/26/admit-cant-do-it-all/

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      Mentions: BoardProspects
    17. Boardroom Coup at Darden Demonstrates the Power of Activist Investing

      It wasn't just about the breadsticks -- but Jeffrey Smith and Starboard Value have engineered a truly amazing turnaround for the popular restaurant chain:  http://www.wsj.com/articles/activists-reap-olive-garden-bounty-1459902161.  With success stories such as this, the activist investor model will continue to flourish.

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    1-24 of 34 1 2 »
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