Interesting article from ESG Investor on combining the role of CEO and Chair, including a quote from Jen Sisson. ICGN’s Global Governance Principles recommend that there should be a clear division of responsibilities between the role of the chair of the board and the CEO to avoid unfettered powers of decision-making in any one individual: We generally think that the Board should be chaired by an independent director who should be independent on the date of appointment. Should the role of the chair and CEO be combined, the board should explain the reasons why this is in the best interests of the company in the annual report and keep the structure under review. The responsibilities of the chair, CEO, lead independent director and committee chairs should be clearly described and publicly disclosed. ICGN will be discussing investors' stewardship activities at our 2024 Global Stewardship Forum, including sessions on engagement and voting - these are key ways to express views on Board structures: https://lnkd.in/d6hjzMT2 #governance #corpgov #stewardship #boards #chair #voting #engagement #ICGN2024 #GSF
Starbucks’ recent leadership shake-up has reinvigorated discussions among investors as to whether the positions of CEO and chair should fall to a single person within a company. Comments from Andrew Spurr and Lindsey Stewart, CFA (Morningstar Sustainalytics), Jen Sisson (International Corporate Governance Network), and Glenn Davis (Council of Institutional Investors). Read more of Emanuela (Emmy) Hawker's news story here:
