February 13, 2021

ESGAUGE Releases Set of Infographics on Its Shareholder Voting Data Findings

ESGAUGE released today a set of infographics to illustrate key findings from its shareholder voting analysis.

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February 12, 2021

ESGAUGE in the Oxford Business Review

The Oxford Business Review today covered ESGAUGE’s database of shareholder voting, highlighting findings on the growing demand for environmental disclosure.

“[T]hanks to the endorsement of larger institutions such as BlackRock, Vanguard, and State Street, support levels for climate-related proposals have been increasing, from 24.1 percent in 2019 to 31.6 percent in 2020,” the editors wrote. “Companies should therefore expect support for climate and other environmental proposals to continue to grow beyond specific sectors, such as the energy one. Unfortunately, many companies outside the energy industries are still lagging in disclosing information on their carbon footprint, design an emission-reduction strategy, and how they address the business risks resulting from global warming.”

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February 11, 2021

Harvard Forum on Corporate Governance Features ESGAUGE’s Proxy Voting Data

The Harvard Law School Forum on Corporate Governance published today findings from the analysis of shareholder resolutions and voting results tracked by ESGAUGE across the Russell 3000 and S&P 500 indexes.

2021 Proxy Season Preview and Shareholder Voting Trends (2017-2020) builds on a comprehensive review of resolutions submitted by investors at Russell 3000 companies to provide insights into the new season of annual general meetings (AGMs). The data and analysis include trends in the number and topics of shareholder proposals, the level of support received by those proposals when put to a vote, and the types of proposal sponsors. ESGAUGE has worked on the project with The Conference Board, leadership advisory Russell Reynolds Associates, and Rutgers Law School’s Center for Corporate Law and Governance.

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January 28, 2021

ESGAUGE, in collaboration with The Conference Board, Russell Reynolds Associates, and Rutgers Law School, Release Russell 3000 Proxy Season Preview

The COVID-19 crises will define the 2021 proxy voting season, with a focus on human capital management, board diversity, transparency on corporate political activity, and the risks posed by climate change.

These are the key findings from the brand-new 2021 Proxy Season Preview and Shareholder Voting Trends (2017-2020), on which ESGAUGE has collaborated with business association The Conference Board, leadership advisory Russell Reynolds Associates, and the Rutgers Center for Corporate Law and Governance. The project builds on a multi-year analysis of corporate filings across both the Russell 3000 and S&P 500 indexes to provide insights for what’s ahead in shareholder voting. The report is complemented by an online dashboard where data can also be analyzed by business sector and company size group.

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January 23, 2021

ESGAUGE Data on Board Diversity in The New York Times

In discussing the growing demand for a diverse corporate boardroom, The New York Times’ DealBook cites ESGAUGE data on board composition and governance practices.

The article links to the online dashboard ESGAUGE maintains with The Conference Board, in collaboration with Debevoise & Plimpton, the KPMG Board Leadership Center, Russell Reynolds Associates, and the John L. Weinberg Center for Corporate Governance.

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January 15, 2021

ESGAUGE’s CEO Succession Data on the Harvard Law School Forum on Corporate Governance

The Harvard Law School Forum on Corporate Governance published today findings from the analysis of CEO succession announcements tracked by ESGAUGE across the Russell 3000 and S&P 500 indexes. ESGAUGE has compiled the most comprehensive historical dataset on the subject, with 18 years of historical information for the S&P 500 index.

The post was authored by Matteo Tonello of The Conference Board and Jason Schloetzer of the McDonough School of Business at Georgetown University, with whom ESGAUGE is collaborating. Search firm Heidrick & Struggles also contributed to the project as a knowledge partner.

CEO succession is one of the most consequential events a company may face, with possible profound effects on its strategy, its organizational culture, and its relationship with investors and other stakeholders. Therefore, it is not entirely surprising to find that, when the COVID-19 crisis suddenly disrupted business activities in the United States in mid-March 2020, some companies chose to avoid compounding existing business risks with the inevitable uncertainties of a leadership turnover. Our data show that, while the Russell 3000 CEO succession rate for the first quarter of 2020 was substantially similar to those recorded for the same periods of 2018 and 2019, it dropped significantly in the second quarter. Specifically, in the April 1–June 30, 2020 period, Russell 3000 companies counted only 71 CEO succession announcements—a decline of 11.3 percent from the average number of 80 CEO turnovers reported in the second quarters of 2018 and 2019.

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December 10, 2020

CNBC Features ESGAUGE Data and Analysis of CEO Succession Events in Times of Crisis

Financial news channel CNBC featured today the new data and analysis published by ESGAUGE on CEO turnover.

“A new study from The Conference Board provided exclusively to CNBC shows that only 71 companies within the Russell 3000 index announced CEO changes in that period, 11% lower than average turnover in the two prior years,” wrote business reporter Nate Rattner.

“A change in leadership is one of the most significant events that can take place at a company, with effects on its operations, culture and reputation. ‘In a situation that is as extraordinary as the Covid crisis, companies found themselves having to make a decision on whether they want to compound business risks with additional uncertainty,’ said Matteo Tonello, managing director of ESG Research at The Conference Board, who authored the study alongside ESG data analytics firm ESGAUGE and executive search firm Heidrick & Struggles.”

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December 10, 2020

ESGAUGE, in collaboration with The Conference Board and Heidrick & Struggles, Releases Data on CEO Succession During the Pandemic

Once the economic fallout from COVID-19 began, CEO turnover in the Russell 3000 has been seeing a marked slowdown as boards opted for continuity.

It’s one of the key findings from the brand-new CEO Succession Practices report, a collaboration between business association The Conference Board, executive search firm Heidrick & Struggles, and ESGAUGE. The report is based on data for the Russell 3000 and S&P 500 provided by ESGAUGE and contains a historical analysis and the review of CEO turnover trends across 11 GICS business sectors and 14 company size groups.

Among other findings, the study shows that, in the Russell 3000, forced CEO departures due to personal misconduct declined from 44.8 percent of the total number in 2018 to 11.1 percent in 2019. And during that time in the S&P 500, they dropped from 54.5 percent to 20 percent. “Disappointing though it was to see such a large proportion of forced CEO departures in 2018 being due to personal misconduct, it is now heartening to see that in 2019 there has been such a dramatic decline in those kinds of departures,” said Paul Hodgson, Senior Advisor at ESGAUGE.

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November 25, 2020

FT Agenda on Proxy Advisors’ Voting Policies on Board Diversity, Cites ESGAUGE Data

In a story release today, FT Agenda’s Melissa J. Anderson cites ESGAUGE data on board diversity in the Russell 3000 index in a story examining revised voting recommendations put forward by proxy advisors Glass Lewis and ISS. Both firms are intensifying their scrutiny of board diversity and environmental issues.

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November 22, 2020

ESGAUGE’s Database of COVID-Related Incentive Plan Changes on the Harvard Law School Forum on Corporate Governance

The Harvard Law School Forum on Corporate Governance published today findings from the analysis of Russell 3000 changes to incentive plans that ESGAUGE has been tracking since the onset of the COVID-19 pandemic.

The post was authored by Matteo Tonello of The Conference Board and by Blair Jones and Greg Arnold of Semler Brossy Consulting Group, with whom ESGAUGE is collaborating.

From March 1 to October 9, 2020, 177 Russell 3000 companies announced structural changes to their in-flight and/or go-forward incentive plans. An additional 43 Russell 3000 companies disclosed only payout suspension, adjustments, or deferrals for a recently completed compensation program; these companies are excluded from the analysis of structural changes.

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November 19, 2020

Corporate Board Member Magazine Features ESGAUGE’s Database of Pandemic-Related Incentive Plan Changes

ESGAUGE’s brand-new database of incentive plan changes prompted by the COVID-19 crisis was featured in today’s issue of Corporate Board Member magazine.

“Executive compensation will be a major topic on board agendas in 2021, primarily due to disruptions caused by the Covid-19 pandemic,” writes reporter Matthew Scott. “The Conference Board, Semler Brossy and ESGAUGE have created a database that tracks changes made to executive compensation plans as a direct result of the Covid-19 pandemic that may provide useful insight for boards in the near future.”

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November 18, 2020

ESGAUGE Expands COVID-19 Public Database to Changes of Incentive Plans

ESGAUGE released today its new live database of public company incentive plan changes prompted by the COVID-19 pandemic. The database is part of the suite of benchmarking analyses on executive compensation on which ESGAUGE is collaborating with The Conference Board and compensation consulting firm Semler Brossy. It expands the product on salary reductions that was launched in May 2020, a few weeks after the onset of the pandemic.

While the COVID-19 crisis has fundamentally altered the business environment across industries, only 6% of companies in the Russell 3000 Index have announced changes to their incentive compensation plans to date. Moreover, the types of changes made to compensation plans – such as reducing the target or maximum payout, or even cancelling the plan – indicate that executive bonuses for 2020 are on track to be lower than pre-pandemic expectations.

“Those businesses that were severely harmed by the pandemic may have no choice but to grant some degree of discretion to compensation committees making the final annual payout determinations—so that they can modulate pay-for-performance according to the specific circumstances they face,” said Satender Singh, Chief Operating Officer at ESGAUGE. “If so, what matters is that the company be transparent about the criteria that will be used to exercise such discretion—some type of resiliency scorecard or some other framework for measuring the accomplishments of executives who are leading the business on the road to recovery.”

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October 5, 2020

BDO and ESGAUGE Release Dimensionality of Incentive Metrics Publication

ESGAUGE partnered with leading assurance, tax, and financial advisory firm BDO on a new publication analyzing incentive plan performance metrics in the BDO 600 index of public companies. Released today, Dimensionality of Incentive Metrics categorizes metrics according to five potential dimensions and examines the factors (weightings, job roles, performance periods) determining in which of those five dimensions STI and LTI metrics tends to fall.

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October 2, 2020

NACD Newsletter Features Our Corporate Board Practices Report

The National Association of Corporate Directors (NACD), the largest association of board members in the United States, featured today Corporate Board Practices in the Russell 3000 and S&P 500—the annual review of trends in board composition and corporate governance that ESGAUGE publishes with The Conference Board, in collaboration with Debevoise & Plimpton, the KPMG Board Leadership Center, Russell Reynolds Associates, and the John L. Weinberg Center for Corporate Governance.

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September 12, 2020

The Japan Times Reports on Citibank’s Appointment of a Female CEO, Citing ESGAUGE Data

The Japan Times published today an article on Jane Fraser’s appointment as CEO of Citibank, one of the top U.S. banks. The article chronicles the history of female underrepresentation in the leadership of the financial services industry and cites ESGAUGE’s data on CEO profile and demographics.

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September 11, 2020

Reuters on Wall Street’s Poor Record on Diversity, Cites ESGAUGE Data

In a story release today, Reuters’ Jessica DiNapoli analyzes Wall Street’s poor record on diversity, including the low number of female leaders of U.S. financial firms, and cites ESGAUGE data on smaller companies in the Russell 3000 index.

“Women are also underrepresented in CEO roles at financial firms when smaller companies are included. Of the 551 financial companies in the Russell 3000 index, 19, or 3.4%, are led by a woman, compared to 5.4% when counting all Russell 3000 companies… The only sector with a lower representation of women as CEOs is real estate, where there are five female chief executives out of 196 companies.”

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July 15, 2020

ESGAUGE Powers Conference Board’s ESG Advantage Benchmarking Platform

The Conference Board launched today its brand-new ESG Advantage Benchmarking Platform, Powered by ESGAUGE —a full suite of custom benchmarking tools for public companies.

The platform covers data on executive and director compensation, board composition and diversity, anti-takeover policies and other governance practices, CEO succession, and shareholder voting. It is being further expanded to encompass environmental and social practices described in CSR reports, company websites, and other sources.

Matteo Tonello, Managing Director of ESG Research at The Conference Board, said in the press release: "Governance leaders have long relied on The Conference Board's benchmarking research on corporate governance and compensation practices to make sense of where they stand in a fast-changing landscape. The ESG Advantage Benchmarking Platform, Powered by ESGAUGE, brings these resources to the next level. Our member companies can visualize online emerging trends in real-time and, in a few clicks, zero in on highly granular competitive analysis down to the level of individual directors, proxy votes, and CEO succession events."

Our Senior Adviser Paul Hodgson added: "ESGAUGE is honored to be the data source behind The Conference Board’s ESG Advantage Benchmarking Platform. We are rightly proud of the depth and quality of our data, on everything from hard-to-locate governance practices to CEO pay, and it is a confirmation of that to have been chosen to power TCB's newest product."

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June 17, 2020

The Philadelphia Enquirer on the Effects of COVID-19 on Philly-Area Companies, Cites ESGAUGE Data

How are local business communities coping with the challenges of the coronavirus economy? Jacob Adelman at The Philadelphia Enquirer investigated the effects on the retail business in the Philly area, citing data from “companies on the Retail Index that have made compensation disclosures this year, according to figures compiled by ESGAUGE, a corporate-data firm.”

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June 8, 2020

San Fernando Valley Business Journal Reports on the ESGAUGE Comp Cuts Live Dataset

In an article published today by staff reporter Andrew Foersch, the San Fernando Valley Business Journal looks at salary cuts taken by Disney, Amgen, Cheesecake Factory, and other Valley executives to weather the COVID-19 storm. The article uses ESGAUGE data as its key data source.

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June 3, 2020

The Wall Street Journal Writes on COVID-19 Salary Reductions, Displays ESGAUGE Data Analysis

The Wall Street Journal published a new story on salary reductions announced across corporate America in the aftermath of the recent crisis. The article, authored by WSJ reporters Chip Cutter and Theo Francis, is titled “Coronavirus Crisis Dents Salaries, Not Stock Awards, for Many CEOs” and cites ESGAUGE’s data on executive and director pay cuts in the Russell 3000.

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June 2, 2020

Financial Times Discusses Findings from ESGAUGE’s and Debevoise & Plimpton’s Survey of Sustainability Practices in the COVID-19 Era

The Financial Times’ Money Matters newsletter featured today findings from the survey of corporate governance and sustainability practices in the COVID-19 era conducted by ESGAUGE in collaboration with Debevoise & Plimpton. “Just over 10 per cent of the 236 companies polled through the pandemic would increase their focus on sustainability. That pales in comparison with the almost 31 per cent who expected it to set those efforts back.”

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May 24, 2020

The New York Times Cites ESGAUGE’s COVID-19 Pay Reduction Database

The New York Times published today an article on how U.S. companies continue to cope with the effects of the COVID-19 pandemic. The article, authored by Nelson D. Schwartz, is titled “Pay Cuts Become a Tool for Companies to Avoid Layoffs” and cites ESGAUGE’s data on executive and director pay reduction announcements in the Russell 3000.

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May 21, 2020

The Society for Corporate Governance Features ESGAUGE’s Director Compensation Annual Benchmarking Report

The Society for Corporate Governance, the largest association of corporate secretaries and governance professionals in the United States, featured on its website ESGAUGE’s 2020 edition of Director Compensation Practices in the Russell 3000 and S&P 500.

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May 14, 2020

The New York Times Cites ESGAUGE’s COVID-19 Pay Reduction Database

The New York Times reported today on the brand-new Director Compensation Practices in the Russell 3000 and S&P 500: 2020 Edition, the annual benchmarking report and online dashboard on board pay powered by ESGAUGE data and released in collaboration with The Conference Board and Semler Brossy.

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May 13, 2020

ESGAUGE Releases Director Compensation Practices
in the Russell 3000 and S&P 500: 2020 Edition

In collaboration with Semler Brossy and The Conference Board, ESGAUGE released today a comprehensive report and online dashboard on director compensation trends across the Russell 3000 and S&P 500 indexes of companies.

"Given the renewed focus on director pay from both proxy advisors and investors highlighted by the report, any changes to director pay – both to the structure and to the levels – will be acceptable as long as they are clearly explained and the rationale behind them is reasonable," said Paul Hodgson, Senior Advisor at ESGAUGE. "While there has been a great deal of homogenization of director pay packages, neither investors, nor their advisors, are inherently against companies taking innovative approaches that can be seen to enhance long-term value and reduce risk."

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May 13, 2020

Reuters on ESGAUGE’s Director Compensation Practices Study

Reuters wrote today about the brand new Director Compensation Practices in the Russell 3000 and S&P 500: 2020 Edition , an ESGAUGE collaboration with The Conference Board and pay consulting firm Semler Brossy. The article, authored by Jessica DiNapoli, is titled “Pay for Directors on U.S. Boards Expected to Rise—Report

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May 6, 2020

Financial Times Writes Again on ESGAUGE’s COVID-19 Salary Reduction Database

The Financial Times’ Money Matters newsletter featured today ESGAUGE’s COVID-19 database tracking pay reduction announcements across the entire Russell 3000. “CEOs from United Airlines’ Oscar Munoz to Marriott’s Arne Sorensen have made high profile pledges to forgo their salaries wile employees bear the brunt of coronavirus-induced collapses in their companies’ revenues. But new research suggests that they remain in the minority,” the article reports.

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May 4, 2020

Fast Company on Pandemic Pay Cuts, Cites ESGAUGE Database

In an article published on Friday, Fast Company cites the ESGAUGE database on pay reduction announcements made by Russell 3000 companies to respond to the financial fallout caused by the COVID-19 crisis. The story, authored by Christopher Zara, is titled “Pandemic Pay Cuts: The Growing List of Companies Reducing Salaries During COVID-19.”

“Some the findings may surprise you: For instance, the salary reductions are not just hitting top executives and their fat bonuses. At last count, 61% of the affected companies applied pay reductions to the base salaries of senior managers who make less than top-tier executives,” Fast Company writes. “It adds that 11% of all companies  in the index announced base pay cuts between March 1 and April 24.”

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May 3, 2020

Fortune’s CEO Daily Reports on the ESGAUGE Comp Cuts Live Dataset

In a leading story published on Friday, Fortune’s CEO Daily, a newsletter received by thousands of executives around the world, cites the ESGAUGE database on pay reduction announcements made by U.S. public companies amid the current health crisis.

Alan Murray, President and CEO of Fortune Media, writes: “CEOs are taking pay cuts in response to the COVID-19 crisis. A report out later today, which was shared early with CEO Daily, finds 11% of companies in the Russell 3000—343 companies—reported executive pay cuts between March 1 and April 24. Some 60% of the reports came from the hospitality and retail sectors, where the job losses have been greatest. Data was compiled from SEC reports by The Conference Board, in collaboration with Semler Brossy and Esgauge.”

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May 2, 2020

Financial Times Features ESGAUGE Data on 8-K Pay Reduction Filings

In an article published today, The Financial Times features ESGAUGE data on pay reduction announcements made by Russell 3000 companies in the aftermath of the Coronavirus crisis. The story, authored by Andrew Edgecliffe-Johnson is titled “Majority of US Chief Executives Have Not Taken Pay Cuts, Research Shows.”

“US chief executives from United Airlines’ Oscar Munoz to Marriott’s Arne Sorensen have made high-profile pledges to forgo their salaries while employees bear the brunt of coronavirus-induced collapses in their companies’ revenues,” the Financial Times writes. “But new research suggests that they remain in the minority. Just 11 percent of the Russell 3000 companies have so far announced cuts to executives’ base pay...”

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May 1, 2020

Fortune’s CEO Daily Reports on the ESGAUGE Comp Cuts Live Dataset

What is the future of the airline industry following the COVID-19 pandemic? Today, Fortune magazine covered the cost-reduction program adopted by Delta Air Lines and cited the live dataset launched by ESGAUGE to track pay cut announcements by top executives at U.S. companies.

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May 1, 2020

ESGAUGE Releases Public Dataset of Russell 3000 Compensation Reductions in the COVID-19 Crisis

ESGAUGE released today a public online database tracking SEC Form 8-K filings by Russell 3000 companies that have chosen to reduce their executive and director compensation in response to the global health crisis caused by the COVID-19 virus.

The project is part of the new collaboration established by ESGAGE with the compensation consulting experts of Semler Brossy and New York-based business association The Conference Board. Companies can be searched by GICS business sector and industry, company size group, and pay reduction type. The database will be updated weekly as the crisis continues to unfold and other companies adopt similar decisions.

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March 11, 2020

Strategy+Business on ESGAUGE Board Practices Findings

Strategy+Business magazine published today an essay on the heightened pressure felt by directors to improve their risk oversight practices. The essay, authored by Chicago-based consultant Michele Wucker is titled “Is Your Board Risk Ready?” and cites ESGAUGE’s data on board performance assessment.

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January 20, 2020

ESGAUGE and Semler Brossy to Collaborate with The Conference Board on Suite of Data Analytics and Benchmarking Products on Director Compensation

ESGAUGE, Semler Brossy and The Conference Board are joining forces to develop a suite of products to assist compensation committees and corporate practitioners in the design of director compensation plans.

The suite, expected to be officially launched in April 2020, will include a peer benchmarking tool, an online dashboard with hundreds of data visualizations by business sector and company size, and a periodic report updating on current trends and developments.

Users will have access to granular intelligence on individual elements of director compensation packages, supplemental compensation for committee service and leadership roles, stock ownership and retention policies, pay limits, and deferred compensation schemes.

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December 18, 2019

Compliance Week Features ESGAUGE’s Annual Shareholder Voting Study

Compliance Week magazine reviewed today Proxy Voting Analytics (2016-2019) and 2020 Season Preview, the new edition of the annual report ESGAUGE publishes in collaboration with The Conference Board, Russell Reynolds Associates and Rutgers Law School’s Center for Corporate Law and Governance.

December 18, 2019 News Post

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November 08, 2019

Reuters and Yahoo Finance Quote ESGAUGE’s Senior Adviser Paul Hodgson

An article published today by news agency Reuters and circulated online by Yahoo! Finance ESGAUGE Senior Adviser comments on the increasing investor scrutiny of director compensation plans. “Investors are also taking an increasingly feisty view of directors’ compensation, which is typically set by the board itself. A growing number of shareholder lawsuits are challenging big-ticket board compensation packages. As a result, more companies are expected to put these matters to a shareholder vote at company annual meetings, said Paul Hodgson, a compensation expert and senior adviser at ESGAUGE, a corporate governance data and analysis firm. ‘There's a certain amount of nervousness within companies about what they're paying directors,’ Hodgson said. ‘More attention is being paid to outliers than in the past.’”

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November 04, 2019

ESGAUGE and MSCI to Collaborate on Pay-for-Performance Assessment of MSCI USA Index

MSCI ESG Research will rely on ESGAUGE’s incentive plan intelligence (including information on incentive award types, plan metrics and targets) for research on the pay-for- performance of its MSCI USA Index. The analysis will extend to the last three years and comprise tens of thousands of data points—including actual metric language used, actual targets, vesting periods, performance periods, award values (at threshold, target, and maximum) and types, gateway metrics, discretion, modifiers and weighting. MSCI ESG Research is looking to identify which companies have the most effective pay-for-performance link, as well as to identify whether the data can be useful in rating a company's governance practices.

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September 10, 2019

ESGAUGE and Small Cap Institute (SCI) to Collaborate on Analysis of Director Compensation at Small-Cap Life Sciences Companies

The Small Cap Institute (SCI) commissioned ESGAUGE to collect data on director compensation for a group of small-cap Life Sciences companies and a control group of similarly- sized companies from a variety of business sectors. The research’s aims are twofold. First, to increase the availability of data on director compensation in a sector of the economy where such data collection is largely overlooked. Second to test the hypothesis that director pay in Life Sciences companies is generally above the median of the rest of the economy.

Amanda Gerut (a member of the editorial advisory board of SCI and associate editor of Agenda, a Financial Times publication focusing on governance issues) and Paul Hodgson (Senior Advisor to ESGAUGE) will co-author the study, which will be published in early 2020. Gerut will set SCI director pay in the context of the wider economy and Hodgson will analyze the results of ESGAUGE’s data collection and research. The issue, and our analysis and commentary, is already gaining traction on LinkedIn .

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May 13, 2019

ESGAUGE Benchmarks on Board Entrenchment in Financial Times’ Agenda

The Financial Times’ Agenda weekly published today ESGAUGE’s data on restrictions to director removal provisions and other board entrenchment.

Here is an excerpt from the article:

“Boards are re-examining decades-old charter and bylaw provisions commonly implemented to thwart hostile takeovers, but which now may open up directors to shareholder litigation, lawyers say. As a result, several large-cap companies have asked shareholders to ratify new provisions this proxy season, an effort that may minimize potential legal risks.

The bylaw and charter provisions from the past require a supermajority vote to remove a director, and many further limit removal to instances that would fall within a company’s definition of ‘for cause.’ Such provisions may portend shareholder litigation or pushback from the plaintiff’s bar, sources say, as court decisions in Delaware and various state laws address one or both, in some circumstances deeming them invalid.

At more than half of Russell 3000 companies and more than one third of S&P 500 companies, charter provisions limit director removal to when shareholders can show cause, according to a report from The Conference Board in conjunction with ESGAUGE, a data help desk that specializes in data on U.S. public company disclosures on ESG practices. What’s more, a supermajority vote requirement remains in the organizational documents of nearly 25% and 40% of S&P 500 and Russell 3000 companies, respectively, according to the report, which is based on an analysis of SEC filings made in 2018 and considered governance trends at 2,854 companies included in the Russell 3000 and 494 companies listed in the S&P 500.”

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April 26, 2019

Pensions & Investments Cites ESGAUGE Board Composition Research

Pensions & Investments magazine released today an article discussing ESGAUGE’s recent findings on corporate board composition in the Russell 3000 index.

“Half of Russell 3000 companies and 43% of S&P 500 companies made no change in the composition of their boards of directors, despite investor demand for more diversity and other changes,” wrote Hazel Bradford of Pensions & Investments.

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April 25, 2019

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.”

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

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April 24, 2019

Bloomberg Law on the New Conference Board/ESGAUGE Study of Board Practices

Bloomberg Law published today an article on board turnover that discusses findings from the brand-new Corporate Board Practices in the S&P 500 and Russell 3000: 2019 Edition, a comprehensive benchmarking report published by The Conference Board and ESGAUGE.

“Many public companies don’t see board turnover unless a director retires. Some boards enforce mandatory retirement ages, usually in the 70s, and a few have term limits. But most boardsprefer having the flexibility to keep more experienced members, the study said. This lack of board refreshment is a barrier to recruiting more female and minority directors.. It also means older directors continue to hold most board seats, despite a recent push to add younger, first-time directors. The research was conducted [by The Conference Board] in partnership with environmental, social, and governance data-mining firm ESGAUGE,” wrote Andrea Vittorio of Bloomberg Law.

Read the article at https://bit.ly/30LWzBt

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April 24, 2019

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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February 5, 2019

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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November 12, 2018

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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March 13, 2018

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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May 16, 2017

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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February 23, 2017

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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September 1, 2016

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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