The following entry appeared as part of Governance Metrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.
Bloomberg invited me [Nell Minow]to write a series of three articles on corporate governance this week, and they are all up now, so take a look.
One calls on zombie directors, those that failed to get majority support from shareholders, to leave the board. And it calls on D&O liability insurers to stop covering them. And one documents the rise in no votes on say on pay proxy proposals, and explains what the top indicators are that a pay plan will fail to get shareholder support. The third explains why separating the chairman and CEO jobs is a good investment, with findings from our own research at GMI Ratings.