The Wall Street Journal Features ESGAUGE intelligence on Russell 3000 corporate board composition and diversity

In an article published today, The Wall Street Journal features ESGAUGE data on director tenure and board refreshment. The story, authored by Vanessa Fuhrmans, discusses findings from the recently released The Conference Board/ESGAUGE report on Corporate Board Practices in the S&P 500 and Russell 3000: 2019 Edition.

“Examining Russell 3000 companies, which represent the vast majority of U.S.-traded stocks, [the report] found the average director stays in the job for 10.4 years and about a quarter of them step down only after 15 years,” The Wall Street Journal writes. “The upshot is that boardrooms remain the preserve of older, mostly white men: Only 10% of Russell 3000 directors are 50 or younger, while about one-fifth are older than 70… Just half of all Russell 3000 boards made any director changes in 2018, and 20% remain all male.”

The Wall Street Journal

Read the article at https://on.wsj.com/2Gudwr0

To receive a copy of the report, Contact Us.

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ESGAUGE and The Conference Board Publish Corporate Board Practices in the S&P 500 and Russell 3000: 2019 Edition

ESGAUGE and The Conference Board published today Corporate Board Practices in the S&P 500 and Russell 3000: 2019 Edition. The publication also enlists the collaboration of leading advisory firms Debevoise & Plimpton and Russell Reynolds Associates as well as the John L. Weinberg Center for Corporate Governance at the University of Delaware.

The study documents corporate governance trends and developments at 2,854 companies registered with the U.S. Securities and Exchange Commission (SEC) that filed their proxy statement in the January 1 to November 1, 2018 period and, as of January 2018, were included in the Russell 3000 Index, as well as select findings from 494 companies listed in the S&P 500. Data is based on disclosure included by companies in proxy statements and other periodic SEC reports as well as on other organizational and policy documents (charters, bylaws, board committee charters, corporate governance principles, etc.) available on the SEC and the investor relations section of corporate websites. For comparative purposes, data based on disclosure and available corporate documents from the same time period in 2016 is also provided.

Data on board practices illustrated in the report is segmented according to the business sector and the size of companies. The industry analysis aggregates companies within 11 groups, using the applicable Global Industry Classification Standard (GICS). For the company-size breakdown, data are categorized along five annual-revenue groups (based on data received from manufacturing and nonfinancial services companies) and three asset-value groups (based on data reported by financial services and real estate companies, which tend to use these types of benchmarking criteria).

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ESGAUGE Introduces Dataset on Anti-Takeover Measures

ESGAUGE released today its Russell 3000 dataset on anti-takeover practices. The suite adds to the help-desk service offerings that ESGAUGE has designed to support advisors to the U.S. public companies on corporate governance matters.

The dataset covers the S&P 500 and Russell 3000 indexes of SEC-registered corporations. It includes data on:

  • Dual and multiple-class stock.

  • Blank-check preferred stock.

  • Charter and bylaw amendment rules, including supermajority vote requirements and thresholds.

  • Classified board structures, including classified term length, source of classification provisions, and removal of classified board members without cause.

  • Limitations to other shareholder rights, including right to call special shareholder meetings and action by written consent.

  • Election to opt-out of anti-takeover statute.

  • Advance notice provisions, including advance notice time window and period, parameters to which period is tied, and informational requirements.

  • Poison pills, including pills in force, features (flip-in/flip-over, chewable permitted offers, dead hand, adverse person, and TIDE provisions), adoption date, expiration date, trigger threshold percentage, exercise price, rights per old share, new shares per right, name of issuing stock, shareholder approval and fiduciary-out provisions.

  • NOL poison pills.

ESGAUGE is the premier data mining provider for the corporate advisory firm. We support compensation consultants, auditors and legal advisors seeking peer comparative information on SCT components, incentive plan design and metrics, and pay-for-performance analyses.

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ESGAUGE Data-Mining Capabilities Now Cover Russell 3000 Board Practices

ESGAUGE released today a comprehensive set of intelligence information on corporate board practices in the Russell 3000. The suite positions us as a leading data provider for the leadership advisory company conducting board and corporate governance assessment for U.S. public companies.

The dataset covers the entire Russell 3000 index of SEC-registered corporations and includes:

  • Board structure and process.

  • Director election and proxy access.

  • Board member profile.

  • CEO/NEO profile.

  • Board refreshment practices.

  • Shareholder engagement practices.

  • Other board policies, such as director retirement, resignation and indemnification.

ESGAUGE is the premier data mining provider for the corporate advisory firm. We support compensation consultants, auditors, law firms, and investment advisories seeking benchmarking information on public company ESG practices.

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ESGAUGE Launches Director Pay Intelligence

ESGAUGE released today its Russell 3000 intelligence on director compensation. The suite expands the data mining help-desk service that ESGAUGE has designed to support the corporate advisory industry with empirical benchmarking research on board and top-executive pay.

The dataset covers the entire Russell 3000 index of SEC-registered corporations and includes:

  • Director compensation elements—including cash retainer, board meeting fee, stock awards, stock options, deferred compensation, and all other compensation.

  • Total targeted and actual compensation figures.

  • Supplemental compensation for board leadership (e.g. chairman and lead director) and board committee services.

  • Stock ownership guidelines.

  • Stock retention policies.

ESGAUGE is the premier data mining provider for the corporate advisory firm. We support compensation consultants, auditors and legal advisors seeking peer comparative information on director and executive compensation practices.

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ESGAUGE Expands Data Solution on Incentive Plan Analysis

ESGAUGE launched today its expanded data solution on incentive plan analysis, which adds to the previous data benchmarking capabilities based on proxy disclosure tables.

The newly introduced suite covers STI and LTI design practices, including information on equity vehicles, purpose of awards, performance periods, post-performance vesting periods and payout types. It also extends to incentive plan performance metrics (financial and non-financial) and their weighting, as well as performance thresholds, maximums, and actual outcomes.

ESGAUGE is the premier data mining provider for the corporate advisory firm. We support compensation consultants, auditors and legal advisors seeking peer comparative information on SCT components, incentive plan design and metrics, and pay-for-performance analyses.

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ESGAUGE Introduces Shareholder Voting Data Mining Solution

ESGAUGE unveiled today its new data mining suite on shareholder voting at Russell 3000 corporations, which adds to previously launched data analytics solutions on NEO compensation and incentive plans.

For its clients, ESGAUGE now tracks management and shareholder resolutions, resolution subject and types, proponents, and voting results. The product is further complemented by information on SEC no-action letters, omissions by management, and investor withdrawals. Data is based on the daily, comprehensive parsing of proxy statements, periodic corporate disclosure documents, and N-PX filings.

ESGAUGE is the premier data mining provider for the corporate advisory firm. We support corporate lawyers, institutional investors, compensation consultants, and auditors seeking peer comparative information on ESG (environmental, social, and governance) practices of publicly traded companies.

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ESGAUGE Launches Executive Compensation Dataset

ESGAUGE released today its Russell 3000 dataset on executive compensation. The suite is at the core of the help-desk service that ESGAUGE has designed to support the corporate advisory industry with empirical benchmarking research on CEO and executive pay.

The dataset extends to the entire Russell 3000 index of SEC-registered corporations and includes:

  • Compensation elements from all proxy statement tables—including Summary Compensation Tables (SCT), perquisites & benefits, plan-based awards, pension and NQDC, exercised options and vested stock.

  • Targeted compensation disclosed in CD&A—including agreement salary, future salary, STI % of salary and targeted STI, LTI % of salary and targeted LTI.

ESGAUGE is the premier data mining provider for the corporate advisory firm. We support compensation consultants, auditors and legal advisors seeking peer comparative information on SCT components, incentive plan design and metrics, and pay-for-performance analyses.

Learn more at esgauge.com

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