February 26, 2025
Our New Checklist: Executive Security
Due to security concerns, some public companies engage and pay for personal security services for their CEOs and other senior executives and also require their executives to use company aircraft for personal travel. In addition to their typically higher profile, public companies may also have heightened security concerns for their executives since Regulation FD often requires them to disclose their executives’ involvement in certain public events.
Companies are reassessing their security arrangements and other measures they take to protect the safety of their executives following the December 2024 shooting of the CEO of UnitedHealthcare. We’ve recently posted a new “Checklist: Executive Security” that addresses the following topics — all of which boards and management teams should be aware of as they consider changes to executive security programs:
– Recent trends in personal security spending by public companies
– Additional steps companies are now considering to minimize risks to their management teams
– Board fiduciary duty considerations
– SEC disclosure requirements
– Institutional investor and proxy advisor positions
– Tax and benefit implications of personal security arrangements
We also have related law firm memos posted in our “Management Perks” Practice Area.
– Meredith Ervine