During this webcast, the Center for Board Governance and Investor Resource Institute leader, Paula Loop, will be joined by Don Keller, Center for Board Governance partner, and Paul DeNicola, Center for Board Governance managing director, to discuss the findings of the 2015 Annual Corporate Directors Survey.
How do boards stay oriented towards long-term shareholder value while balancing shareholder focus on short-term performance? Read PwC’s 2015 Annual Corporate Directors Survey to find out.
Regulators and others have been discussing potential indicators of audit quality; find out what PwC thinks in our Point of View.
This issue of BoardroomDirect® includes a link to the new PwC Audit Committee Excellence Series publication on what directors need to know about cybermetrics. There is also news about a group of US senators asking the SEC to write rules on corporate political spending disclosure and an effort by the US Department of Justice to focus more on individuals than companies in criminal and civil investigations. There is also news about two SEC commissioner openings and the Institute of Internal Auditors’ proposal to require all companies to have an internal audit function.
This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.
Summary of activities of the PCAOB, SEC, and FASB, and related international developments.
This edition addresses key considerations related to assessing what cybermetric information directors should be receiving. Cybermetrics are the information and statistics about digital data and IT systems that are used to provide effective oversight of IT risks and strategy. Also, the report addresses the importance of focusing on cybermetrics in a holistic manner because of the interrelationship between IT risks, strategy and operations; baseline cybermetrics that the board must know.
This issue of BoardroomDirect® includes an article on what compensation committees can expect from the SEC’s proposed Dodd-Frank executive compensation disclosure rules. There is also news about recent publications from the SEC and Council of Institutional Investors on proxy access, ISS’ 2016 proxy season voting recommendation survey, comment letters on the PCAOB’s proposed audit engagement partner form, a court decision regarding part of the conflict minerals disclosure rule, and the IASB’s amendments to the revenue recognition standard.
This edition provides a snapshot of key shareholder voting metrics from 4,280 U.S. public company annual shareholder meetings held between January 1, 2015 and June 30, 2015 and a wrap-up of the 2015 proxy season. Among the highlights: Of the over 80 proxy access proposals that came to a vote, 70% received the majority support of shareholders, averaging 57% of the shares voted, and shareholder support for say-on-pay strengthened this season, with 90% of proposals attaining support of at least 70% of the shares voted.
This edition addresses key considerations related to the committee’s role in investigations. It addresses how adequate preparation can make a big difference, including capturing allegations; lining-up the right external advisors; and potentially developing relationships with certain regulators. It also discusses making decisions when an allegation surfaces, performing an investigation, and responding after an investigation.