Ballmer and John Thompson,
the lead independent director of Microsoft's board, told me recently that Microsoft had no intentions of de-emphasizing or getting rid of the devices and consumer parts of the company's business.
Akerson hand - picked Barra to replace him as CEO, but GM's chairman from January 2014 to now has been retired Cummins CEO and Chairman Theodore Solso, who remains with the company as
Lead Independent Director of the board.
Boris Wertz,
Lead Independent Director of Ether Capital, mentioned, «Through Version One, I've had the opportunity to experience first - hand the innovation that blockchain technologies are bringing to a number of industries.
He is also
Lead Independent Director of TCF Financial Corporation and serves on the boards of several educational and not - for - profit organizations.
«When considering this strategic acquisition, it was important to the Board that Bob remain as Chairman and CEO through 2021 to provide the vision and proven leadership required to successfully complete and integrate such a massive, complex undertaking,» said Orin C. Smith,
Lead Independent Director of the Disney Board.
Disney CEO Bob Iger will remain with his company through 2021 to «provide the vision and proven leadership required to successfully complete and integrate such a massive, complex undertaking,» Orin Smith,
the lead independent director of Disney's board, said in the release.
Not exact matches
Keith Tully has worked in corporate recovery since 1992 and currently is a Partner with a
leading independent UK business rescue firm www.realbusinessrescue.co.uk With 35 offices across the UK they have a wealth
of knowledge and expertise to support and advise company
directors who are facing financial distress.
Richard Leblanc is a corporate governance lawyer, speaker and
independent advisor to
leading boards
of directors.
Richard Leblanc is a governance lawyer, academic, speaker and
independent advisor to
leading Canadian and international boards
of directors.
Oracle said the deal was
led by a committee
of independent directors.
Richard Leblanc is a lawyer, corporate governance academic, speaker and
independent advisor to
leading Canadian and international boards
of directors.
«The decision to build our midstream business in parallel with upstream growth has created one
of the strongest midstream companies in the Appalachian Basin,» James Rohr, EQT's
lead independent director, said in a statement.
The designation
of a
lead independent director and the appointment
of an activist investor to sit on HP's board bodes well for the long - troubled tech giant.
What are the chances that HP will have an effective process to choose who the
lead independent director will be — and kind
of power will the
lead independent director really have?
Following Comey's ouster, former FBI
Director Robert Mueller was appointed to
lead the Office
of Special Counsel, which was tasked with overseeing an
independent investigation into Russian interference and has the power to file charges.
It will be interesting to see how active a role Gupta assumes as
lead independent director and the scope
of his job description.
This makes it critical that the company's audit committee, comprised
of independent directors, take the
lead on the current inquiry.
In January 2018, following Eric's decision to step down from his role as the Executive Chairman, John L. Hennessy, our
Lead Independent Director, was appointed to serve as Alphabet's Chairman
of the Board.
Executive sessions
of independent directors are held in connection with each regularly scheduled board of directors meeting and at other times as necessary, and are chaired by the Lead Independen
independent directors are held in connection with each regularly scheduled board
of directors meeting and at other times as necessary, and are chaired by the
Lead IndependentIndependent Director.
Board member Merrill «Pete» Miller, for example, the chief executive
of National Oilwell Varco and Chesapeake's
lead independent director, took $ 160,000 in free personal flights — twice as much as he spent on business travel.
One was the designation
of Rajiv Gupta as
lead independent director.
Our board
of directors intends to adopt corporate governance guidelines that will provide that one
of our
independent directors should serve as our Lead Independent Director at any time when our Chief Executive Officer se
independent directors should serve as our
Lead Independent Director at any time when our Chief Executive Officer se
Independent Director at any time when our Chief Executive Officer serves as the
Each member
of the Board and our Chief Executive Officer is subject to the following minimum stock ownership requirements: (i) each
director shall own shares of Tesla stock equal in value to at least five times the annual cash retainer for directors (exclusive of retainer amounts for service as Lead Independent Director or as a member or chair of a Board committee), and (ii) our Chief Executive Officer shall own shares of Tesla stock equal in value to at least six times his / her base
director shall own shares
of Tesla stock equal in value to at least five times the annual cash retainer for
directors (exclusive
of retainer amounts for service as
Lead Independent Director or as a member or chair of a Board committee), and (ii) our Chief Executive Officer shall own shares of Tesla stock equal in value to at least six times his / her base
Director or as a member or chair
of a Board committee), and (ii) our Chief Executive Officer shall own shares
of Tesla stock equal in value to at least six times his / her base salary.
Antonio Gracias has been a member
of our Board since May 2007 and has served as our
Lead Independent Director since September 2010.
This position is vested with broad authority to
lead the actions
of the
independent directors and communicate regularly with the Chief Executive Officer.
Each automatic triennial stock option grant and each stock option grant for service as
lead independent director, member
of a Board committee or chair
of a Board committee, in each case as described above, will vest 1/36 per month for three years starting on the one month anniversary
of the vesting commencement date, subject to continued service in the capacity for which such grant was made (except that if a
director who was granted such an option ceases to be a
director on the day before an annual meeting that is held earlier than the anniversary date
of the vesting commencement date for that calendar year, vesting will accelerate with respect to the shares that would have vested if such
director continued service through such anniversary date).
The Board believes that an important component
of the Board's leadership structure is having an effective
Lead Independent Director in place with broad authority to direct the actions of the independent directors and regularly communicate with the Chief Executi
Independent Director in place with broad authority to direct the actions
of the
independent directors and regularly communicate with the Chief Executi
independent directors and regularly communicate with the Chief Executive Officer.
for serving as the
lead independent director, (i) on the later
of June 12, 2012 or shortly following appointment as the
lead independent director, and (ii) every three years thereafter, an automatic grant
of a stock option to purchase 24,000 shares
of our common stock;
The Board believes that the broad authority
of the
Lead Independent Director and the presence of six other independent directors ensures that the Board acts ind
Independent Director and the presence
of six other
independent directors ensures that the Board acts ind
independent directors ensures that the Board acts independently.
The Board believes that its current leadership structure, in which the positions
of Chairman and Chief Executive Officer are held by Mr. Musk, together with a
Lead Independent Director with broad authority, is appropriate at this time and provides the most effective leadership for Tesla in a highly competitive and rapidly changing technology industry.
As
Lead Independent Director, Mr. Viniar will preside over periodic meetings of our independent directors, serve as a liaison between our Chairman and our independent directors, and perform such additional duties as our board of directors may otherwise determine an
Independent Director, Mr. Viniar will preside over periodic meetings
of our
independent directors, serve as a liaison between our Chairman and our independent directors, and perform such additional duties as our board of directors may otherwise determine an
independent directors, serve as a liaison between our Chairman and our
independent directors, and perform such additional duties as our board of directors may otherwise determine an
independent directors, and perform such additional duties as our board
of directors may otherwise determine and delegate.
Each initial grant, annual grant, and
lead independent director grant will be granted under our 2015 Plan and vest upon the earlier
of the next annual meeting
of our stockholders following the grant date or the one - year anniversary
of the grant date, subject to the non-employee
director's continued service with us through such date.
Our board
of directors has adopted corporate governance guidelines that provide that one
of our
independent directors should serve as our Lead Independent Director at any time when our Chief Executive Officer se
independent directors should serve as our
Lead Independent Director at any time when our Chief Executive Officer se
Independent Director at any time when our Chief Executive Officer serves as the
In addition, the
director who served as
lead independent director during fiscal 2010 received an additional retainer
of $ 75,000 per year.
Our Corporate Governance Guidelines provide that each year a majority
of the
independent directors will appoint the
Lead Director, and in early 2010, the
independent directors appointed Philip J. Quigley to continue to serve as the Board's
Lead Director and expanded the duties and responsibilities
of the
Lead Director.
RBS's senior
independent director Sir Sandy Crombie, the former boss
of Standard Life, has been
leading the search.
Jerry Fiddler will remain on the board and has assumed the role
of lead independent director.
Our Corporate Governance Guidelines also provide that each year a majority
of the
independent directors will appoint the
Lead Director, and in November 2008, the
independent directors appointed Philip J. Quigley to serve as the Board's
Lead Director beginning January 1, 2009.
In cases where the Board determines it is in the best interests
of HP's stockholders to combine the positions
of Chairman and CEO, the
independent directors will designate a
lead independent director.
Pursuant to the company's Corporate Governance Guidelines, the
Independent Directors, upon recommendation
of the CNGC, annually appoint a
Lead Independent Director who presides over executive sessions
of the Outside
Directors and
Independent Directors.
At the completion
of this process, the
Lead Independent Director and CNGC Chair synthesize the results
of these evaluations and report to the full Board on an anonymous basis.
One alternative to having an
independent chair is to appoint a
lead director who can serve many
of an
independent chair's functions.
Our Corporate Governance Guidelines provide that each year a majority
of the
independent directors will appoint a
Lead Director, and effective January 1, 2012, the
independent directors appointed Stephen W. Sanger as
Lead Director, succeeding Philip J. Quigley who served as the Board's
Lead Director since 2009.
This section should evaluate the effectiveness
of board leadership, including the
lead independent director (or
independent chair) and committee chairs.
Of the Board's 15 nominees, 14
directors, or 93 %, are
independent directors, and the Board has an actively involved and
independent Lead Director who works closely with the Chairman and CEO and, among other things, approves Board meeting agendas and schedules.
We believe the corporate governance measures noted above demonstrate that our Board has embraced independence, and our shareholders have recognized the effectiveness
of our current Board leadership structure by re-electing our Chairman, the
Lead Independent Director, and other Board members each year.
However, if circumstances change in the future, our Board
of Directors may revert to a structure that relies on a
lead independent director who works with our Chief Executive Officer who is also Chairman
of the Board.
The
Lead Director shall be appointed by the
independent directors for a term
of three years and may be removed by the
independent directors at any time.
Nonexecutive board chairs (and / or so - called
lead independent directors) have been one
of the major corporate governance «reform» proposals in recent years.
In some companies, the role
of principal executive officer and board chairman are combined, and a
lead independent director is designated to chair meetings
of the
independent directors.