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TransparentDisclosure.com called out shareworthy examples of director renomination and time commitment disclosures from Prudential’s 2024 proxy statement.

The director renomination disclosure identifies the factors—including time commitment—that the board considers in determining whether to renominate a director for election:

An accompanying disclosure (“Director Commitments Oversight”) notes a requirement that directors notify the CEO, independent board leader, and Chief Governance Officer/Corporate Secretary before agreeing to serve on another board and receive approval from the board’s governance committee.

See director time commitment/overboarding expectations articulated by the Big Three (BlackRock, State Street, and Vanguard) in Weil’s “The Big Three & ESG: A Guide to BlackRock, State Street & Vanguard Proxy Voting Policies & Guidance on Key ESG Issues” (which we reported on here); our report: “Director Time Commitment Policies”; and additional resources on our Annual Meeting/Proxy Statement page.

                      This post first appeared in the weekly Society Alert!