The company said its Board appointed Chirantan "CJ" Desai as an independent director on March 8, 2024, effective March 11, 2024. Following the appointment, the Board will have 13 directors.

1. 01

   The company said its Board appointed Chirantan "CJ" Desai as an independent director on March 8, 2024, effective March 11, 2024. Following the appointment, the Board will have 13 directors.

2. 02

   MSCI said Desai will serve on the Board's Strategy and Finance Committee and will hold office until the next annual shareholders meeting. The Board determined he is independent under the company's Corporate Governance Policies and the NYSE and SEC independence standards.

3. 03

   MSCI said Desai is eligible for an annual retainer of $80,000 and an annual RSU award with a fair market value of $185,000, and will receive a separate annual retainer of $10,000 for his work on the Strategy and Finance Committee. The retainers and initial RSU award will be prorated from the effective date, and the initial RSU award is scheduled to vest on May 1, 2024.

4. 04

   MSCI said Desai has served as President and Chief Operating Officer of ServiceNow since January 2023. The company also disclosed that during 2023, in the ordinary course of business, it bought software product licenses from ServiceNow for approximately $0.8 million.

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Original filing

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