Boardroom Issues

Boardroom Issues

Boardroom elite still commands the cash

The global economic slowdown may be putting the brakes on executive pay, but there is still a huge gap between the super-wealthy boardroom elite and the rest.

No sign of CEOs tightening their own belts

Downturn or not, the maxim for an increasing number of companies when it comes to attracting and retaining their top executives is, if you're good, you're worth it.

The road to the top starts on the sports field

If you have ambitions to become CEO of a public company, your chances will be much improved if you're an eldest child with a strong record of achievement on the sports field.

Why R-word will send UK managers into a job-cutting panic

Most British managers expect to see knee-jerk job cuts, short-termism and panic at the first whiff of recession.

Female board members just as experienced as men

The notion that women bring less experience to the boardroom table than their male counterparts is nonsense, a new study has suggested.

Financial incentives really do make CEOs perform better

More evidence has emerged to suggest that the highest performing companies are generally led by the best paid and most financially motivated CEOs.

UK executives all at sea over climate change

Eight out of 10 senior British business leaders recognise climate change is becoming a serious business issue, yet they have no idea whether to see it as a threat or opportunity.

New M&As left leaderless for two and a half months

It's perhaps no wonder nine out of 10 European M&As fail to meet their objectives when senior managers take more than two and a half months to parachute in their new teams.

Leaders need hard skills, not empathy, say CEOs

If you thought that CEOs need to be emotionally intelligent people managers with the ability to lead through example, you might want to think again.

Fear of recession haunts CEOs

Amid turmoil in the global financial markets, business confidence is on the decline and fear of recession has topped the list of worries that keep CEOs awake at night.

British CEOs are a declining species

With four out of 10 of the UK's top chief executives now coming from abroad, there are concerns that UK firms are not doing enough to develop home-grown talent.

Boardroom equality as far away as ever

Europe's boardrooms are still stubbornly male, with women making up fewer than a tenth of board-level positions, a disparity that could take almost 60 years to resolve.

British CEO pay doubles in half a decade

Britain's top executives have seen their earnings double in the past five years, with the average chief executive now taking home more than £3 million a year.

CEOs words can predict the future

Every investor would love to have a crystal ball that forecast a company's future innovations. Now researchers believe they are able to do just that.

CIOs feeling unloved and ignored

You might have thought the growing reliance of many businesses on cutting edge technology would have given CIOs an pivotal position within the boardroom. Far from it.

More women on the board leads to better results

Fortune 500 companies with more women on their boards achieve significantly better financial performance than those that are male-dominated, new research has revealed.

Shortage of board positions pushes talent towards private equity

If you have ambitions to sit on the board of one of Britain's blue-chip corporations, you may want to think again. Because the number of top jobs is declining rapidly.

Employees as big a risk as hackers

Financial services companies are becoming increasingly alarmed about their IT systems as research shows that employees are responsible for almost a third of IT security breaches.

Lawyers in the money as compliance climate bites

America's demanding compliance climate means senior lawyers are increasingly commanding top-dollar salaries and bonuses.

First-borns dominate American boardrooms

Ambitious youngest children look away now. First-borns dominate American boardrooms and an oldest child is much more likely to become a CEO.

Boards lack understanding of IT risks

Technology risks figure higher on the agenda of UK company boards than ever before. But new research questions whether board members really have sufficient understanding of IT to address them adequately.

CEOs make in a day what workers do in a year

The typical CEO of a top U.S. corporation earns more in a single workday than the average American takes home in an entire year. And there's no sign that the gap is getting narrower.

Boardroom pay rises by a third

Bosses at Britain's biggest companies saw their pay rise by more than a third last year, with the average total package for a chief executive now nudging the £3m mark.

Money for nothing

In this day and age, it simply isn't possible for a single "celeb CEO" to take the helm of a complex organisation, making all the decisions and demanding sole control. That's one of the points made by Robert Heller in a wide-ranging discussion about CEOs, pay and leadership for this week's Working Week podcast.

CFOs need to rise above the financials

Ambitious CFO who want to raise their profile and influence need to lift their eyes from their spreadsheets and P&Ls and look at the wider people-related issues facing their organisations.

NEDs spend more time on the job

Their salaries may have risen by six per cent last year, but British non-execs are far from being fat-cats. Because their salary growth has slowed dramatically despite the demands on their time rising fast.

Boards flex their muscles as CEO turnover stays high

Boards are now quick to replace underperforming CEOs and are focusing more on grooming in-house leaders as those imported from outside continue to disappoint.

U.S. CEOs shy away from overseas growth

The world may still look to America for corporate leadership, but the signs are that U.S. CEOs are becoming more isolationist – happy to offshore operations abroad but less interested in chasing growth outside North America.

Performance-related boost to CEO pay

CEO pay in the U.S. has continued to rise on the back of strong corporate results and shareholder returns, with performance-related incentives making up a growing proportion of total remuneration.

Celeb CEOs - beware of private equity

So-called "Celeb CEOs" who court the media spotlight, enjoy the trappings of corporate life and are not used to being second-guessed should steer well clear of private equity backed buy-outs, a leading industry figure has told the Financial Times.

Boardrooms fail to harness IT advances

Company directors too often duck making crucial decisions about information technology, preferring to delegate to faceless committees that fail to see the bigger, strategic picture.

Opportunities for women in Asian put UK to shame

Women in south and eastern Asian countries are more likely to break through the boardroom glass ceiling than their contemporaries in Britain, despite the UK devoting vast sums to promoting diversity and gender equality.

CEO pay a "perversion of market principles"

The massive rewards paid to many chief executives are a "perversion of market principles" and cannot be justified by arguing that the top job comes with high risks, a new British report has claimed.

Unions reopen fat cat pay row

Britain's trade unions have claimed that boardroom pay is out of control after they released figures showing that boardroom salaries have more than doubled over the past six years while average earnings have barely risen at all.

U.S. organisations ignore succession planning

Despite acknowledging the importance CEO succession, new research has found that a remarkable proportion of U.S. organisations have failed to put succession plans in place.

Boardroom complacency over talent management costing UK millions

A deep-seated lack of commitment from senior managers to developing and nurturing talent is potentially costing British businesses millions of pounds a year.

Half of U.S. firms have no women at the top

Nearly half of the 1,000 largest U.S firms have no women in the upper echelons of their senior management, and a fifth of the rest have only a symbolic presence, damning new research has revealed.

Disengagement seeps into the boardroom

It isn't just on the shop floor where staff are suffering from a crisis of engagement. Fewer than half of the faces around your boardroom table are fully committed to their jobs, either, a new study has revealed.

Managers and power

Every now and then journalists get obsessed with identifying the most powerful women in business. But what does 'power' actually mean - and what about it's limitations?

Strong performance pushes up executive pay

The strong performance of many FTSE 100 companies in the UK is being reflected in big increases in the pay and bonuses of top executives, with their total earnings rising by 30 per cent over the past year.

CEO sickness?

Doctor-turned investment banker Robert Kuhn has identified 12 diseases common in CEOs, some of which can morph stealthily into major corporate illnesses. Se if you recognise any of them . . .

Firms becoming more cautious about executive pay

Despite becoming more cautious about the amount they pay their top executives, the UK's top companies are still not doing enough to prove to their shareholders that they are not rewarding mediocrity.

U.S bonus gravy train shows no signs of slowing

American bosses saw their bonuses go up by almost half this year and their cash compensation by nearly a third, further fuelling the debate over the level of executive remuneration.

Britain's glass ceiling gets thicker

With the number of women sitting on the boards of Britain's largest companies actually falling over the past year, could the very rules designed to boost boardroom diversity be partly to blame?

Top bosses earn almost 100 times the average worker

Britain's top executives now earn almost 100 times more than the average worker, new figures have revealed, with their average earnings doubling since the year 2000.

Women directors work longer for less

Female directors of British businesses work longer than their male counterparts but earn on average 19 per cent less - the equivalent of more than £14,000 a year.

Drive to get more ethnic minorities into British boardrooms

British leadership organisations are launching a drive to get more people from black and ethnic minority communities into the boardroom.

Boardrooms spending more time and energy on ethics compliance

More corporate boards are becoming actively involved in providing oversight into their organisation's ethics and compliance programmes.

Women urged to help each other on to the board

Women who aggressively support each other are more likely to earn their passage on to corporate boardrooms, a U.S study has suggested.

Fees rocket for non-execs

Increasingly onerous corporate governance requirements have given a big boost to the fees paid to the non-executive directors in the UK's largest companies, with some earning almost £100,000 for 25 days work.

Fiorina fights back

Former Hewlett Packard CEO Carly Fiorina has delivered a bitter broadside against the scandal-hit computer giant, claiming her position was undermined by an old boys' network within the company that was unable to relate properly to women.

Slow-down in CEO churn

The number of CEO departures among the 500 largest U.S. companies fell in the first three quarters of 2006 compared with the same period in 2005, reversing a trend that has been on the increase for the past five years.

Thumbs-down for quotas

Anne Lauvergeon, chief executive of French nuclear energy company, Areva, and the only female CEO of a large European conglomerate, has branded quotas as a "humiliating" way of increasing the number of women in corporate boardrooms.

U.S. directors unhappy with CEO pay

An increasing number of corporate board directors in the U.S. believe that CEO pay is too high and the overwhelming majority want to see closer links between pay and performance.

Top UK bosses see pay rise more than a quarter

The pay of Britain's top directors soared by more than a quarter last year, a rise seven times the rate of the average worker's wages, a new survey has suggested.

U.S. puts Europe and Asia to shame with women on the board

Women make up less than one in 10 of the membership of executive committees and boards of directors around the world, with representation in North America putting Europe and Asia to shame.

The knock-on effects of CEO pay

Excessive CEO pay could be having much greater effect than previously believed, increasing employee turnover lower down the organisation and damaging returns to shareholders.

What makes an Australian CEO?

As if to confirm popular stereotypes, a new study comparing Australian CEOs with their counterparts in the U.S. has found that Americans are more conservative and buttoned down, while Australians are more fun-loving and risk-taking.

U.S executive pay set to soar still further

Directors of major American companies took home on average $204,000 last year, a hike of 12 per cent and the third year running that growth has been in double digits. Yet there may be even more growth to come.

Yale launches climate change program

A new effort to educate hundreds of independent corporate board members about the potential liabilities and strategic business opportunities that global climate change can create for companies has been launched at Yale University.