Global Governance Spotlight – Donna McManmon

Donna McManmon – VP Sales at Global Governance

We recently announced Donna’s appointment as VP, Sales at Global Governance, and we couldn’t be more excited at this incredible addition to our team!

We are all driven by curiosity and passion so, sure enough, we unraveled a few fun facts about Donna.

From your perspective, what has been your biggest accomplishment?

It is hard to narrow it down to one. As I answer this question from my office I am surrounded by many symbols that have recognized my professional accomplishments spanning the last 25 years.

What’s your pet peeve?

Tardiness.

What’s your favourite sport?

Swimming.

Your favourite place?

The beach, especially at sunset.

What motivates you?

You mean besides the obvious? One of my early mentors used a saying that stuck with me, “Sell the problem you solve, not the product.” If I can continue to help organizations solve problems then I am motivated.

If you were to provide one piece of business advice for young professionals, what would it be?

Once again, it’s hard to narrow it down to just one piece of advice but if you are embarking on a sales career I would say focusing on listening to your prospects is critical for your success.

What do you look forward to the most in this new role?

Unlike any previous organizations I have worked for, Global Governance comprises a very experienced group of entrepreneurs. The successful coupling of Global Governance Advisors (GGA) with Global Governance Software (GGS) and growing the organization into an industry leader in the Corporate Governance space is incredibly exciting! I am looking forward to being a big part of that endeavour.

Global Governance Appoints Vice President of Sales to its Growing Executive Team

 Donna McManmon brings over 25 years of experience in corporate governance and technology solutions to GG’s senior ranks

New York, NY, August 14, 2017 – Underscoring a year of strong momentum, Global Governance, a world leader in independent board advisory services and governance technology solutions, today announced the appointment of Donna McManmon as Vice President, Sales to its senior executive team.

Global Governance’s two major business components include Global Governance Advisors (“GGA”) – which provides traditional independent advice to boards related to executive and director compensation and governance, and Global Governance Software (“GGS”) – developer of the groundbreaking Stakeholder Capital Management (SCM) platform, a SaaS suite of corporate governance intelligent tools and services.

The position strengthens Global Governance’s core leadership team, as the company continues to establish itself as the leading provider of corporate governance technology and advisory services in North America. In this role, Donna will be working closely with our software and advisory services teams on new business development in the US and Canada.

“Donna has deep expertise in the corporate governance space and we couldn’t be more excited to bring her talent and experience to our growing team,” said Jeffry Powell, CEO, GGS. “Global Governance is committed to redefining governance best practices and processes through our SCM technology and advisory services, and Donna will play a critical role in our continued journey and future success.”

Donna brings over 25 years of notable experience to Global Governance in areas such as Corporate Governance, Content Collaboration, and Business Process Management. She has spent the last eight years as a Regional Sales Director at Diligent Corporation where she was responsible for new business development across North America and the Caribbean, and closed over $10-million in new license revenue during that time. Donna has worked with Fortune 1000 companies, public and private organizations, Universities, Health Care Institutions and Not-for-Profits.

“I have always been impressed by companies that place an emphasis on innovation and best-in-class client service,” said Donna McManmon, Vice President, Sales, Global Governance. “In an industry fraught with risk and uncertainty, our customers need a partner who not only helps them tackle issues relating to executive compensation and shareholder engagement to name a few, through our impressive team of industry experts, but also offers the technology to help combat these issues effectively.”

About Global Governance

Corporate governance and shareholder engagement must evolve to navigate today’s challenging business environment and relentless pace of innovation. Global Governance delivers clarity out of this complexity for companies around the world through the consulting experience and rigor of Global Governance Advisors enhanced through the industry-leading innovation of our technology arm, Global Governance Software. Our team of independent advisors combines deep industry expertise with our groundbreaking Stakeholder Capital Management (SCM) platform – a SaaS suite of intelligent tools comprising, emPowerBoards , emPowerIR™  and emPowerHCM  – that empower you to make decisions quicker through deeper insights on critical issues related to governance, executive and board compensation, compensation design, shareholder management, and investor relations strategy. Together, we deliver better corporate governance counsel and mitigate board risk through superior insights like no other firm today. For more information, please visit: www.ggssoftware.com and www.ggainc.com.

Media Contact

Rishika Luthra

Global Governance

Rishika@ggainc.com

647-998-7984

GGS Views on Finding Alignment Between Boards and Shareholders

Global Governance Software CEO, Jeffry Powell, spoke with Listed Magazine’s Paul Brent for part 1 of a 2-part series on finding alignment between boards and their shareholders. The article, In Search of Alignment, investigates whether boards are doing a better job when it comes to improving governance, relations with shareholders and balancing long-term goals with short-term strategy.

For years, Paul writes, proxy solicitors and other advisers have been urging companies to work harder to identify and connect with the people and institutions that hold their shares. Considering the sophisticated technology that powers most publicly listed companies’ front- and back-end operations, not to mention the trading and listing of their securities, the lack of automated intelligence in shareholder relations is glaring.

Mr. Powell states that, just as board portals have upended the way directors communicate and board documents are shared, GGS’ Stakeholder Capital Management platform can do the same for shareholder relationship management, board effectiveness, compensation design and investor relations strategy.

Full Story.

Global Governance Software Introduces the First End-to-End Board Intelligence and Data Analytics Technology

Global Governance Software Introduces the First End-to-End Board Intelligence and Data Analytics Technology

 

Significant enhancements to Stakeholder Capital Management platform for:

  • Corporate Boards, Corporate Secretaries, IR Professionals and HR Heads
  • Unprecedented access to information, analytics and collaboration tools

 

New York City, NY, June 5, 2017 – Today, Global Governance Software (GGS) announced the worldwide release of its newly enhanced Stakeholder Capital Management (SCM) platform. GGS is excited to equip boards with project collaboration tools and secure data storage of board materials, providing in-platform data analytics such as shareholder capital management and engagement tools, board effectiveness assessments and on-demand executive compensation and pay for performance analysis. With the latest edition of software capabilities, GGS has developed the first, complete end-to-end board intelligence technology for the corporate governance industry. GGS’ secure, SaaS-based SCM automates a suite of corporate governance functions facing boards today, and adds more insight and analytics than any other solution globally.

“In today’s increasingly complex business environment, organizations must deal with a myriad of issues impacting their market competitiveness, while maintaining the trust and confidence of their stakeholders,” noted Tyson Rose, Chief Business Development Officer, GGS.

“Our SCM platform is the only board intelligence technology specifically designed to deliver vital governance-related information through a collaborative, analytic and interactive platform. Boards now have a solution that allows them to make more informed corporate governance decisions than ever before and take action in real-time.” said Jeffry Powell, CEO, GGS.

SCM incorporates GGS’ suite of SaaS governance solutions, including emPowerBoards™ – a revolutionary concept in governance technology that goes far beyond the static board portals offered today. The platform’s dynamic and interactive dashboard is built to streamline board meetings by automating traditionally time-intensive functions and facilitate greater collaboration among board members – not just on a quarterly basis, but whenever the need arises.

 

Enhancements to the SCM platform include:

Boardroom Features:

  • Online board meetings and document management tools
  • Online minute taking and instant reporting
  • Real-time voting of motions and proposals
  • E-signature requests and meeting sign-off
  • Board effectiveness questionnaires and reporting

Enterprise Benefits:

  • Cloud based board-books
  • User friendly administration
  • Multi-user functionality
  • Security and on-call product support
  • Scalable, cost-efficient board modules

 

The GGS team brings over 20 years of experience in the corporate governance technology space, and is led by Jeffry Powell, an industry veteran and former Executive Vice President and Director of Sales at board portal provider, Diligent Corporation. The SCM platform integrates the expertise of long-established Global Governance Advisors (GGA), Global Governance’s team of independent consultants with decades of experience advising boards around the world.

Together, the SCM platform, comprising emPowerBoards™, emPowerIR™ and emPowerHCM™ was built to simplify the process of board evaluations, shareholder and investor communications and executive pay and performance analysis, to help Boards, Corporate Secretaries, Investor Relations professionals and HR heads quickly respond and adapt to forces impacting their business without the need for separate tools or technical expertise.

“GGS’ SCM offering takes the heavy lifting out of governance, saving organizations time and money so they can focus on what’s imperative – having more informed and productive board meetings to deal with issues head on,” added Mr. Powell.

 

About Global Governance Software

 Corporate governance and shareholder engagement must evolve to navigate today’s challenging business environment and relentless pace of innovation. Global Governance delivers clarity out of this complexity for companies around the world through the consulting experience and rigor of Global Governance Advisors enhanced through the industry-leading innovation of our technology arm, Global Governance Software. Our team of independent advisors combines deep industry expertise with our groundbreaking Stakeholder Capital Management (SCM) platform – a SaaS suite of intelligent tools that EmPower™ you to make decisions quicker through deeper insights on critical issues related to governance, executive and board compensation, compensation design, shareholder management, and investor relations strategy. Together, we deliver better corporate governance counsel and mitigate board risk through superior insights like no other firm today. For more information, please visit: www.ggssoftware.com and www.ggainc.com

 

Media Contact

Rishika Luthra

Global Governance Software

Rishika@ggainc.com

647-998-7984

Tabb Forum Opinion Piece – Going Public? Be Cognizant of Corporate Governance Issues

Governance issues can prove to be overwhelming for boards and executives and as a result, freshly minted public companies can find themselves facing unnecessary risk and compliance issues.

Initial Public Offering (IPO), there are many challenges faced by its executives. One issue that frequently suffers at the hands of others that are perceived as being more important is corporate governance and the impact of the pre-IPO private company transition to post-IPO public company. Governance issues can prove to be overwhelming for boards and executives and as a result, freshly minted public companies can find themselves facing unnecessary risk and compliance issues.Even though exchanges have certain regulatory and reporting requirements, it appears that post-IPO companies are less concerned with current corporate governance best practices, and more concerned with short-term issues, such as the executives retaining control and driving value for the investors. Once the excitement of the IPO starts to fade, these companies will face the fact that publicly traded companies are required to meet certain standards of governance and corporate behavior, and be ethically accountable toward investors.Of particular concern to the shareholders is the issue of multi-class share structures and the voting rights of the shareholders. Tech companies such as Google and Facebook went public with multi-class voting rights designed to leave control of the company in the hands of the founders, but the shareholders still retained voting rights. The multi-class shares and voting rights were intended to be provisions that would fade over time.

Snap’s recent IPO has established a new (and some have said) disastrous milestone in corporate governance. Snap offers no voting rights to the shareholders, and this will continue for an unspecified, and most likely lengthy, period of time. The control of the company will remain in the hands of the co-founders regardless of profitability (or lack thereof), strategic direction, share price, and therefore shareholder value.

This puts the exchanges in a difficult position because they want the business of IPOs, particularly in the technology space, and will be loathed to push back on the listing companies’ governance practices and shareholder voting rights. This does not bode well for long-term investors, and will only drive greater shareholder dissatisfaction and subsequent challenges to management control. What will happen resultantly is a pendulum swing, where pre- and post-IPO companies will become more interested in paying attention to their governance and adopting best practices.

It is vital to put technology in corporate governance into perspective, because it can help with some of these issues.

Most public companies have adopted the use of board portals for the secure distribution of materials to their boards and senior executives. This provides boards and executives with faster and secure access to documents, proposals, questionnaires, as well as the ability to annotate these materials, communicate securely amongst themselves, and even remotely cast votes on important questions.

There are also automated compliance tools for board assessments and shareholder engagement. This enables companies to track, and evaluate the performance of their board of directors, as well as increase the frequency of engagement and dialogue with their shareholders. Some of the more advanced tools will also flag problem areas as determined by the assessment process and offer prescriptive solutions to help mitigate risks.

The best strategy is to continue to expand on this approach. Establishing lines of communication with shareholders, routinely reviewing corporate governance best practices and paying attention to the significance of well thought out policy decisions, will mitigate the impact of the opinions proxy advisory firms and activists cast towards individual issuers. It’s high time IPO-ready companies started to think about good governance from the get-go.

You can also view this article on TabbFORUM Here

Despite Staggering IPO Success, Snap Inc. will be a Bumpy Ride for Investors

Snap Inc., parent company of social media app Snapchat, raised $3.4B in its IPO last week and started trading at a market cap of $34B. Not only is this the first technology IPO of the year, but also the biggest since Alibaba in 2014. Snapchat is an app of choice of the coveted 18 to 34 year old demographic, but questions loom in terms of their revenue model, long-term profitability and value retention.

As appealing as it may be to be able to send automatically self-destructing nude images, and present oneself through Snapchat’s dog selfie lens (among a myriad other filters), one still wonders about a market cap at 84 times revenue (Facebook’s is 14 times, to put things in perspective). Snap has lost money every year since commencing operations in 2011, over $500 million in 2016, and has stated that it may never be profitable. Snapchat has said that their story is not about economics, but is instead about growth. And their growth has been enviable – close to 50% in the last 2 years and an impressive 158 million daily users. In comparison, Instagram has 300 million daily users and 150 million daily users of its new Stories feature. It’s interesting to note that Snapchat’s growth was running at 15 million users per quarter in the first 3 quarters of 2016, but dropped to 5 million in Q4 following the launch of Instagram Stories.

In order to match its market cap, Snap will need to continue to grow its user base by 50% in perpetuity and (despite their warnings) actually become profitable. CEO, Evan Spiegel, has stated that Snap is in the communications space and is a “camera company”. What that means is not entirely clear. There are rumors that Snap is developing a 360-degree camera and drone technology, but it is still hard to see how that will help create the kind of growth that they project.

Snap is to be congratulated on the success of their IPO (more tech billionaires!), and may think that they are Facebook, but they sound more like Twitter. And when it comes to short-term vs long-term investors, the latter may have to wait a very long time to ever see a profitable return.

Global Governance Software Launches Stakeholder Capital Management Platform (SCMP)

TORONTO, ONTARIO /  November 17, 2016 / Today, Global Governance, a global professional advisory firm that helps organizations around the world increase stakeholder value and mitigate board risk, announced the launch of its technology arm, Global Governance Software, and industry leading Stakeholder Capital Management Platform (SCMP) technology. In collaboration with Global Governance Advisors, the firm’s advisory group, Global Governance Software’s cloud-based Software as a Service (SaaS) suite of data analytics and shareholder relationship management tools enhances the firm’s overall offering, providing companies of all sizes with the tools and resources they need to make more informed corporate governance decisions related to executive and board compensation, compensation design, shareholder management, and investor relations strategy.

Global Governance Software was established after Global Governance’s acquisition of Toronto-based NovaShare, a financial technology company that develops cloud-based software to help businesses and corporate advisors manage their shareholder and proxy information.

“Global Governance has established itself as one of the top advisory firms dedicated to helping organizations around the world navigate the increasingly complex task of corporate governance and shareholder engagement, and today’s announcement represents an important evolution for our company and the industry,” says Luis Navas, Founder and Senior Partner, Global Governance. “Through our team of independent advisors, Global Governance Advisors, and innovative technology arm, Global Governance Software, we are now able bring deep industry expertise and industry-leading technology to redefine corporate governance best practices for organizations of all sizes.”

Global Governance’s SCMP technology is the only SaaS product on the market to offer a broad suite of corporate governance tools and services that can be customized based on an organization’s needs and resources. Targeting Corporate Secretaries, Investor Relations professionals, Human Resources professionals, Boards of Directors, Executives (CEOs, CFOs), and Public and Private companies, the software is available through three platforms: emPowerIR™ – Investor Relations and Shareholder Services Software; emPowerHCM™ – Human Capital Management Software; and emPowerBoards™ – Enterprise Governance, Risk and Compliance Software. Together, the solution supports five key functioning areas within a company:

  • Shareholder Profiling: Through data analytics, companies can build profiles of its shareholder base to better understand who owns the company and the underlying voting guidelines.
  • Board Effectiveness: By automating the time intensive board evaluation processes, the SCMP makes the administration and reporting of Board Effectiveness simple, seamless and accessible on any device in any connected location.
  • Proxy Voting Analytics: Global Governance’s analytics team compiles comparative proxy voting data to help profile an institutional shareholder base. Reports are designed to guide engagement dialogue and influence upcoming voting.
  • Compensation Benchmarking and Pay-for-Performance: A benchmarking solution for HR committee members and HR managers, a four step reporting process generates custom peer groups, compiles real-time disclosed compensation data and provides a comparative review of the top 5 NEOs.
  • Communications Automation: An all-in-one marketing automation solution for shareholder communications. The shareholder engagement platform is CASL compliant, and enables targeted stakeholder communication.

“Global Governance Software has reimagined how organizations can gain greater access to data and manage shareholder relations, while reducing operational costs, information governance and security risk,” says Jeffry Powell, CEO, Global Governance Software. “With the launch of our Stakeholder Capital Management Platform, we have made corporate governance simple through technology.”