“Directors on US boards are being punished by big investors for failings ranging from excessive executive pay to poor independent oversight, with shareholder rebellions on re-elections up more than a fifth this year. There were 1,025 shareholder revolts on director re-elections in 2019 across the Russell 3000, up from 835 in 2018, according to Proxy Insight. The data provider classes a revolt as anything with 20 per cent or more opposition.”Financial Times
December 5, 2019
“We are setting … the minimum global standard we expect when it comes to governance”
Click on Read More (below) for full text (paywall).
Reputation risk is the peril of economic and political damage, especially to directors and officers, from disappointed shareholders.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
What’s your strategy?