Friday, 19 October 2018

USA: Updated Commonsense Corporate Governance Principles published

A couple of years ago a group comprising of well known company directors, investment managers and institutional investors published a series of corporate governance principles - described as 'commonsense' - for public companies. The principles covered the following: board composition and internal governance; board responsibilities; shareholder rights; public reporting; board leadership; management succession planning; compensation of management; and asset managers' role in corporate governance.

Yesterday a new version of the principles was published - see here (pdf) - and it was announced that Columbia Law School’s Millstein Center for Global Markets and Corporate Ownership would publish the principles and maintain, on its website, a list of companies and investors that have committed to them.

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