With a recent change to State Street Global Advisors’ policy for 2020, institutional investor viewpoints around the maximum number of public company boards before a director is generally considered “overboarded” are converging towards a maximum of two boards total for the CEO and four boards total for other directors. Glass Lewis and ISS have less restrictive overboarding policies. This Sidley Update includes a chart summarizing the overboarding policies of Glass Lewis, ISS and several large institutional investors.
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