WSGR's 2024 Silicon Valley 150 Corporate Governance Report
Wilson Sonsini just released the 2024 Silicon Valley 150 Corporate Governance Report, which reviews the corporate governance practices and disclosures of the Valley’s largest public companies between October 1, 2023, and September 30, 2024. The report includes information regarding board matters, officer matters, defensive measures, proxy statement disclosures, environmental, social, and governance (ESG) and sustainability reporting, stockholder proposals, activism, and executive compensation of the SV150 companies.
Among the key takeaways from this year’s report:
The presence of women in the boardroom and executive suites has remained on par with previous years (33.9% of directors and 21.0% of executive officers in 2024), and ethnically diverse directors constitute on average 28-30% of all directors this year, similar to our findings last year.
Virtual annual meetings are now the norm for most companies (89%) and over three quarters of companies include disclosure in their proxy statements regarding ESG/sustainability (80.7%) and human capital (74.7%).
Now that the SEC has passed its clawback rules, we also examine for the first time in two years the clawback policies of SV 150 companies, both in response to the rules and in addition to them.
Read the report here: