惠普新年遭遇老问题
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但很多首席执行官在接受新的挑战时，都会辞去部分或全部的董事会职务。根据猎头公司史宾沙（Spencer Stuart）的研究，过去10年在任首席执行官在外部董事会任职的人数减少了近50%，如今只有不到一半的首席执行官在外部董事会兼职。 为了弥合首席执行官本人和董事会及股东在首席执行官兼任外部董事会职务一事上的分歧，如今很多董事会都主动限制首席执行官在外部董事会的兼职行为（完全不允许或最多只允许一家），并将其作为聘用的条件之一。假设惠特曼服务外部董事会的时间为【全国公司董事协会（the National Association of Corporate Directors）发布的】平均水平，那么她每月服务外部董事会的时间就要超过51个小时。股东们未来必须决定，公司的现任首席执行官兼任三家外部董事会职务是不是太多了，况且这家公司的股价尚未完全从她任职董事会期间由公司自身因素引发的暴跌中恢复过来。 惠普首席独立董事拉吉夫•古普塔是化学材料制造商Avantor Performance Materials的董事长、新山资本（New Mountain Capital）的高级顾问，并在德尔福汽车（Delphi Automotive）、泰科（Tyco）、先锋集团（Vanguard Group）“以及几家非上市公司的”董事会中兼职。惠普薪酬委员会主席帕特•拉索除了惠普，还服务于另外4家公司的董事会。 或许今年，股东们将在高管薪酬和董事会选举上发出更多不同的声音。否则，我们明年可能会看到更加变本加厉的做法。 本文作者埃莉诺•布洛斯罕是董事会咨询机构The Value Alliance and Corporate Governance Alliance(http://thevaluealliance.com/)的首席执行官。 |
But many CEOs resign some or all of their board seats when taking on new challenges. According to Spencer Stuart research, there has been a nearly 50% decline in active CEOs serving on boards in the last 10 years and currently less than half of CEOs serve on any outside board. To address how a CEO may view outside board membership versus how the board and shareholders may view it, many boards today actively limit CEO participation on outside boards (to none or one) as a condition of employment. If Whitman only works the average amount of hours for directors (according to the National Association of Corporate Directors), her outside board service takes up over 51 hours a month. Shareholders will have to decide if three outside boards is too many for a sitting CEO in a company whose stock price has still not fully recovered from the self-induced shocks that have occurred while she was sitting on HP's board. Lead director Rajiv Gupta, chairman of Avantor Performance Materials and senior advisor to New Mountain Capital, sits on the HP board plus the boards of Delphi Automotive (DLPH), Tyco, The Vanguard Group "and several private companies." Pat Russo, who heads the compensation committee, sits on five boards including HP. Maybe shareholders will decide to send a message on pay and board elections this year. If they don't, maybe next year, we'll just see more of the same. Eleanor Bloxham is CEO of The Value Alliance and Corporate Governance Alliance (http://thevaluealliance.com/), a board advisory firm. |
