Tag: director retirement age policies

Does director tenure affect company value?

by Cydney Posner With a number of institutional investors and proxy advisory firms advocating that public companies adopt “board refreshment” policies, much energy has been devoted to studying the impact of director tenure in the context of corporate governance.  In “Do Directors Have a Use-By Date? Examining the Impact of […]

Scrutiny of director tenure continues: is it the next cause célèbre?

by Cydney Posner The scrutiny of pale, stale and male boards continues, this time focused on the “stale,” that is, long-tenured directors. According to the WSJ, institutional investors are increasingly questioning whether more turnover on boards might be appropriate.