Zero Tolerance/Zero Reward: Board Accountability at McDonald's

 Why Investors Should Vote Against McDonald’s Directors

• View CtW Investment Group PowerPoint presentation here

• View Trustees United PowerPoint presentation here

Hear why investors are concerned about the lack of board refreshment at McDonald’s in the wake of former CEO Steve Easterbrook’s termination. The mismanagement of the investigation of the former CEO’s misconduct exposed broader governance concerns: rewarding CEOs for violating company policy and unbalanced board composition. The board’s decision to terminate Easterbrook without cause and with a golden goodbye set a poor “tone at the top” regarding workplace culture at one of the largest employers in the US and is particularly concerning due to the mounting criticism and legal actions related to sexual harassment and gender-based violence at McDonald’s restaurants over the last five years.

Panelists:

• Geeta Aiyer, CFA, President & Founder, Boston Common Asset Management

• Anne Simpson, Managing Investment Director, Board Governance & Sustainability, CalPERS

• Michael Varner, Director of Executive Compensation Research, CtW Investment Group 

Moderator:

• Priya Mathur, President, Trustees United for Justice and Equality