In the Margins

Corporate director tenure challenged

March 24, 2016

By The Wall Street Journal

At nearly a quarter of the biggest U.S. companies, a majority of the board has been in place for at least 10 years; in 2005, long-term directors made up a board majority at 11% of large companies. “Having some long-term board members is not bad in and of itself—but too many raises red flags about the board’s independence and succession planning,” says Scott Stringer, who oversees more than $150 billion in public pension funds as the comptroller for New York City. Read the original story from The Wall Street Journal

 

 

Most Read

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...