CFO’er med eksterne bestyrelsesposter lønnes højere, men performer ringere
I forskningspapir med titlen “CFOs on Boards: Higher Pay, Lower Performance “ hedder det, at “Equilar recently undertook a study of CFOs at large-cap companies over the past three years to identify how many also serve on other public company boards of directors. The study had two key findings: 1) CFOs that served on boards of directors outside their own company were awarded higher pay than their counterparts in the most recent fiscal year, and the gap was much wider among those who served on two or more outside boards 2) Companies with CFOs serving on outside boards saw lower performance when it came to total shareholder return (TSR), revenue and net income, which was amplified for companies where CFOs served on two or more outside boards.”
Tvungen Cybersecurity plan for virksomheder i New York fra den 28. august
I gennemgang af de nye regler oplyses det, at ”beginning on August 28, 2017, all individuals and companies operating under a license, registration, charter, certificate, permit, accreditation or similar authorization under New York banking, insurance or financial services laws (with narrow exceptions described below) (“Covered Entity”) must: 1) develop a cybersecurity program, develop a cybersecurity policy, 2) designate a Chief Information Security Officer (“CISO”), 3) limit who has access to data or systems, use qualified cybersecurity personnel to manage cybersecurity risks, 4) notify the DFS of a cybersecurity event within 72 hours, and 5) have a written incident response plan. Compliance with these requirements must be certified by a Senior Officer or the board of directors of the Covered Entity by February 15, 2018.”
Nyt paradigme i international corporate governance, efter regelændringer i UK og USA
I gennemgang af nye regelændringer i UK og USA om god corporate governance oplyses det, at ”this week witnessed two very significant developments in the new paradigm for corporate governance, one in the U.S. and one in the U.K. Both will have cross-border impact. Both have the purpose of promoting investment to achieve sustainable long-term investment and growth. In the U.K., government proposals for corporate governance reform center on (1) better aligning executive pay with performance and with explaining, if not actually improving, worker wages by publicizing and focusing the attention of corporate directors on the ratio of average worker wages to executive compensation, and (2) improving governance by emphasizing that Section 172 of the Company Law, a constituency statute, provides that directors owe fiduciary duties not just to shareholders, but to customers, suppliers, workers and the community and economy. There is a provision for worker-board engagement by a designated independent director, a formal worker advisory council or a director from the workforce. The report directly relates improving stakeholder governance to mitigating inequality in the U.K. society.”
Vejen til toppen for CEO’er og CFOer
I rapporten “ Route to the Top 2017 ” skriver konsulenthuset heidrick & Struggles om kortlægningen, at ”it provides profiles of today’s top leaders, looks at how those profiles vary from country to country, and observes how they vary within countries by industry sector. Key findings include the following: • CEOs in the United States not only tend to be older than their counterparts in other countries but also take far longer to reach the top when they are promoted from within. • CEOs in the United Kingdom are more diverse by nationality than CEOs in other countries, especially the United States and France. • Finance, engineering, and sales and marketing are still the main ingredients of a CEO’s background, with the emphasis varying according to sector and country. • Women have made little notable progress toward the top job in any country we studied since the inception of this research in 2011. Rising from within Internal promotions remain the most common route to the top, especially in the United States and Germany, with 85% of CEOs in the former and 68% of CEOs in the latter promoted from within (Figure 1). By contrast, 61% of CEOs in the United Kingdom and only 48% of CEOs in France rose to the top through the ranks.”
Morten W. Langer
