Corporate Governance Update

Director Overboarding Policies – An Overview and Notable Change for 2020

April 28, 2020

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.

Click here to view this Sidley Update in PDF Format.

律师广告—Sidley Austin LLP 是一家全球性律师事务所。我们的地址及联系方式可在 www.sidley.com/en/locations/offices 查阅。

Sidley 提供本信息仅作为向客户及其他友好人士提供的服务，且仅供教育目的使用。本信息不应被解释或依赖为法律意见，亦不构成律师与客户关系。读者在未寻求专业顾问意见之前，不应依据本信息采取任何行动。Sidley 和 Sidley Austin 指 Sidley Austin LLP 及其关联合伙实体，详见 www.sidley.com/disclaimer。

© Sidley Austin LLP