Sentences with phrase «independent lead directors»

«3M will benefit greatly from having two strong leaders involved going forward,» Mike Eskew, independent lead director for the 3M board, said in a statement.

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.

This provides flexibility for a non-independent family member to be Chair as long as an independent Lead Director is in place.

Only one family firm, however, received a full deduction in this area, which means that the CEO and Chair positions are combined, and that the board has not appointed an independent Lead Director to ensure the independence of the board.

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.

The Board has elected Tim Sloan, the Company's President and Chief Operating Officer, to succeed him as CEO, and Stephen Sanger, its Lead Director, to serve as the Board's non-executive Chairman, and independent director Elizabeth Duke to serve as VicDirector, to serve as the Board's non-executive Chairman, and independent director Elizabeth Duke to serve as Vicdirector Elizabeth Duke to serve as Vice Chair.

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.

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.

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?

Perhaps HP needs a board member who was not elected last year at Lane's behest to act as the new lead independent director.

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.

«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.

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 Independenindependent 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 seindependent directors should serve as our Lead Independent Director at any time when our Chief Executive Officer seIndependent 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 basedirector 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 baseDirector 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.

In addition, we have had a Lead Independent Director since 2010.

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 ExecutiIndependent Director in place with broad authority to direct the actions of the independent directors and regularly communicate with the Chief Executiindependent directors and regularly communicate with the Chief Executive Officer.

As Lead Independent Director, among other things, Mr. Gracias:

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 indIndependent Director and the presence of six other independent directors ensures that the Board acts indindependent 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 anIndependent 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 anindependent 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 anindependent 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 seindependent directors should serve as our Lead Independent Director at any time when our Chief Executive Officer seIndependent Director at any time when our Chief Executive Officer serves as the

It will be chaired by John Thompson, the board's lead independent director, and consider internal and external candidates.

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.

Those sessions were scheduled and chaired by the 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.

The Board believes that the Lead Director structure provides the same independent leadership, oversight, and benefits for the Company and the Board that would be provided by an independent Chairman.

The Board is currently led by a non-executive Chairman, Raymond J. Lane, who is an independent director.

The Outside Directors and Independent Directors met regularly in executive sessions, with the Lead Independent Director chairing those sessions.

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.