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Citizens Energy Group general counsel reviews Gartner 2024 governance scorecard; board practices score highly, retirement-age policy flagged
Summary
Joe Perkins, senior vice president and general counsel for Citizens Energy Group, presented highlights from the Gartner 2024 governance scorecard, saying the board scored highly in independence, diversity and board management but that the company’s mandatory retirement age of 72 was flagged as an outlier.
Joe Perkins, senior vice president and general counsel for Citizens Energy Group, summarized the organization's results from the Gartner 2024 governance scorecard and board management report during the annual meeting, saying the board scored “very highly” in several governance and board-management areas while the survey flagged a small number of outliers for review.
Perkins said the survey is self-reported and tailored to non‑public companies. He told directors the 84‑page report compares Citizens to peer companies and calls out areas “to look at” rather than labeling items as good or bad. “Our board governance practices scored very highly,” Perkins said, adding that the Gartner adviser who reviewed the report “was very complimentary on Citizens and how our board functions and how our board operates.”
The report highlighted strengths including director independence, board composition and diversity, and the board’s use of third‑party benchmarking…
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