Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Fenwick & West 2012 Corporate Governance Practices Survey Reveals Important Distinctions In Best Practices Between S&P 100 And Technology/Life Sciences Companies
COMPARES SILICON VALLEY 150 TO S&P 100

MOUNTAIN VIEW, Calif., Dec. 5, 2012 /PRNewswire/ -- Fenwick & West LLP, one of the nation's premier law firms providing comprehensive legal services to high technology, venture capital and life science companies, today announced the 2012 proxy season results of its Corporate Governance Practices and Trends Survey.

The survey collects and analyzes information on the corporate governance practices of the very large publicly-traded companies included in the Standard & Poor's 100 index (S&P 100) and the high technology and life sciences companies included in the Silicon Valley 150 index (SV 150) for the 2012 proxy season.

"This survey holds several surprises, with findings that may seem counterintuitive to our preconceptions of governance practices in the SV 150 vs. the S&P 100," said survey author David Bell, partner in the corporate practice at Fenwick & West.

"Governance practices and trends (or perceived trends) among the largest companies are generally held out as the desired norm for all public companies, often with little regard to the particular needs and circumstances of each company," said Mr. Bell. "Fenwick & West collects this information regarding public company governance practices to enable boards and executives at high technology and life science companies to understand the actual corporate governance practices among their peers, understand how those practices contrast with actual practices among large companies nationally (not just the latest perceived trends) and better determine whether or not diverging practices are an aberration for the company or whether such corporate governance decisions might actually be a best practice, particularly for smaller technology companies.

Key take-aways from the survey include:

Combined Chair/CEO: The SV 150 companies are substantially less likely to have the same person serving as board chair and CEO (34% compared to 71% of the S&P 100).

Insiders versus non-insiders: Where separate chairs exist, SV 150 companies are significantly more likely to appoint non-insiders (68% compared to 41% of the S&P 100). SV 150 companies continue to have more insiders as a percentage of the full board, while S&P 100 companies continue to have more insider directors measured in absolute numbers.

Women on boards: Female directors are substantially more common among S&P 100 companies, whether measured in terms of average number of female directors (2.4 compared to 0.7) or in terms of average percentage of each board that are women (19.8% compared to 8.1%). While female board membership peaked among SV 150 companies in 2008 (average of 12.3% compared to 17.2% for the S&P 100) the overall trend is clearly upward in both groups (compared to averages of 16.5% in the S&P 100 and 5.4% in the SV 150 in 2004). From 2004 through 2012, the percentage of companies with no women directors declined from 4% to 1% in the S&P 100 and 61% to 48% in the SV 150.

Majority voting: While there is a clear trend toward adoption of some form of majority voting in both groups, the rate of adoption is substantially higher among S&P 100 companies (90% compared to 41% of the SV 150) , although this rate declined 7% from the prior year (compared to a 4% increase for the SV 150).

Stock ownership: Stock ownership guidelines for executive officers were found to be substantially more common among S&P 100 companies than among SV 150 companies (93% compared to 44%), although that is a substantial increase for both groups over the course of the survey (compared to 58% for the S&P 100 and 8% for the SV 150 in 2004). Similar trends hold for stock ownership guidelines covering board members. However, actual equity ownership by executive officers and directors, as a group, tends to be substantially higher among SV 150 companies (median of 6% for the SV 150 compared to a median of less than 1% for the S&P 100 in 2012).

Stockholder activism: Stockholder activism (measured in the form of proposals included in the proxy statements of companies) continues to be substantially lower among the high tech and life science companies in the SV 150 than among S&P 100 companies (whether measured in terms of frequency inclusion of any such proposals or in terms of number of proposals).

Board size: S&P 100 companies tend to have larger boards than SV 150 companies (median of 12 compared to median of 8 in 2012), and tend toward larger primary committees. S&P 100 companies also are substantially more likely to have other standing committees beyond the three primary committees for audit, compensation and nominations (86% of S&P 100 companies do, compared to 21% of SV 150 companies in 2012).

Complete results of the survey with related discussion are posted on Fenwick & West's website at Fenwick.com/CorporateGovernanceSurvey.

About the Survey

The Fenwick & West Corporate Governance Survey, authored by law firm partner David Bell, provides insight into corporate governance practices of the companies included in the Standard & Poor's 100 Index (S&P 100) and the high technology and life science companies included in the Silicon Valley 150Index (SV 150) each year. This unique body of information, covering corporate governance trends for the period following the passage and implementation of the Sarbanes Oxley Act of 2002, is valuable for publicly-traded technology and life science companies across the U.S. as well as public companies of all sizes and across industries generally.

About Fenwick & West

Established in 1972, Fenwick & West LLP is one of the nation's premier law firms with extensive expertise in venture capital, public offerings and other corporate finance, joint ventures, M&A and strategic relationships, intellectual property, litigation and dispute resolution, taxation, antitrust and employment and labor law.

Contacts:

David Bell
Fenwick & West LLP
Phone: 650-335-7130
Email: dbell@fenwick.com

Jennifer Shanks
Le@p! Public Relations
Phone:  408.827.8033
Email:  jennifer@leappr.com

SOURCE Fenwick & West LLP

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models fo...
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — ...
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easi...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE