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Big Investors Question Corporate Board Tenures

Très intéressant article du The Wall Street Journal qui met en lumière le fait qu’une part non négligeable d’administrateurs américains occupent leur siège depuis plus de 10 ans (24 %). Cette situation ne serait pas gênante, si les investisseurs ne commençaient à se rebeller ! Lire la suite ici.

Large U.S. companies increasingly are governed by board members who have held their seats for a decade or more, even as some big investors question whether these directors serve shareholders’ best interests. At 24% of the biggest U.S. companies, a majority ofthe board has been in place for at least 10 yeaxs, .•a. Wall Street Journal~.lli!lysis found. It is a ~arked changed from 2005 when long-term directors made up a board majority at 11%of large companies. One factor driving the change is low turnover among directors.

(…) Some investors and proxy advisory firms aren’t waiting for companies to make changes. BlackRock Inc., State Street Global Advisors and o~?ig money managers have begun opposing the re-election of some directors with extended tenure.

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Ivan Tchotourian