Written with our data, this report examines companies on the Russell 3000 Index who have issued pay adjustments to executives and their board of directors. With sector-specific focus, it considers the impact of COVID-19 on executive compensation – and asks if enough has been done.
All COVID-19 Content
In our culminating segment, we provide a compilation of director responses to questions about what their biggest takeaways from the pandemic were. No matter how bad the crisis, companies have an opportunity to learn from their responses and improve.
In our annual New Years episode, Paula Loop joins host TK Kerstetter to make predictions for corporate boards in 2021.
In a time where it is easy to focus on fault and failure, we again asked directors about corporate responses that made them proud of their organizations. Responses, unsurprisingly, were centered around their fellow directors, their management teams, and their employees and customers.
No board director could have successfully predicted the magnitude of the COVID-19 crisis. However, unprecedented side effects of the pandemic have forced directors to focus on how risk management and strategic planning are evolving in a world that changes pace at the blink of an eye.
Despite the board governance silver linings and innovations that have come out of the pandemic, directors have reservations about the rate of change in the boardroom, and fear that moving to exclusively virtual meetings could result in a damaging blow to boardroom culture and effectiveness.