Bridget Macaskill
JONES LANG LASALLEAbout Bridget Macaskill
Bridget Macaskill (age 76) has served on JLL’s Board since 2016 (9 years of tenure). She is the Chairman of Cambridge Associates LLC and formerly served as Non‑Executive Chairman and Chief Executive Officer of First Eagle Holdings, Inc., and as CEO/Chairman of Oppenheimer Funds, Inc. Her core credentials include extensive investment management leadership, audit/risk oversight experience, M&A execution, and board service across highly regulated financial institutions. She is an independent director at JLL.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| First Eagle Holdings, Inc. | Non‑Executive Chairman (until July 2019); previously President & CEO | Through July 2019 (earlier executive tenure prior to that) | Led investment firm; stewardship of multiple M&A transactions as CEO |
| Oppenheimer Funds, Inc. | COO; President; CEO; Chairman | Not disclosed | Recognized for creating Women & Investing program; enterprise risk and compensation plan design oversight |
External Roles
| Organization | Role | Status | Notes |
|---|---|---|---|
| Cambridge Associates LLC | Chairman | Current | Global investment firm leadership |
| Close Brothers plc | Director | Prior | Example from eight former public company directorships |
| Jupiter Fund Management plc | Director | Prior | Example from eight former public company directorships |
| Fannie Mae | Director | Prior | Real estate/finance domain board experience |
Board Governance
- Independence: Independent director; JLL Board has 12 of 13 nominees independent (CEO excluded)
- Committees: Compensation Committee (member); Nominating, Governance and Sustainability (member)
- Attendance: Board met 7 times in 2024; each director attended at least 80% of Board/Committee meetings for which they served; Board held 8 executive sessions without management
- Committee activity/attendance:
- Compensation Committee: 7 meetings in 2024; 95% attendance by all members
- Nominating, Governance & Sustainability: 4 meetings in 2024; 98% attendance by all members
- Governance practices aligned with investors: Separate Chair/CEO; majority voting; proxy access; independent Chair since 2020; approx. 63% of base Board compensation paid in JLL stock; prohibition on pledging/hedging; annual Board/committee self-evaluations; independent director executive sessions
Fixed Compensation (Director)
| Component | 2024 Amount | Notes |
|---|---|---|
| Fees Earned or Paid in Cash (reported) | $123,750 | Per non‑employee director compensation table |
| Annual Board Cash Retainer (policy) | $115,000 | Increased from $100,000 effective June 1, 2024 |
| Committee Member Retainers (policy) | $10,000 (Comp); $5,000 (NGS) | Paid annually in Q3; Chair rates higher (not applicable) |
| Meeting Fees | $0 | JLL does not pay meeting fees |
| Perquisites | None | No perquisites to Board members |
Performance Compensation (Director)
| Equity Element | 2024 Value | Vesting/Timing | Performance Linkage |
|---|---|---|---|
| Annual grant of JLL common stock | $200,000 | Granted annually after the annual shareholders meeting | None (fixed-value equity; not performance-conditioned) |
| Options | $0 | No options granted to directors in 2024 (table shows none) | N/A |
No performance metrics are used for non‑employee director compensation; program emphasizes fixed retainers and fixed‑value equity grants to align with shareholders.
Other Directorships & Interlocks
- Current public company boards: None disclosed for Ms. Macaskill in 2025 proxy; she has previously served on eight public company boards (examples: Close Brothers plc; Jupiter Fund Management plc; Fannie Mae)
- Committee interlocks: None; Compensation Committee “no interlocks” and no insider participation
Expertise & Qualifications
- Finance/Accounting oversight, including membership/chair roles on audit and risk committees across public/private companies
- Global business leadership and M&A execution as CEO across multiple firms
- Human capital and incentive plan design (annual incentives, options, restricted stock programs)
- Risk management in highly regulated financial services; sustainability and impact-investing oversight
Equity Ownership
| Holding Type | Quantity/Value | As of/Notes |
|---|---|---|
| Shares directly owned | 10,487 | March 31, 2025 |
| RSUs | 0 | Directors table shows RSUs “—” |
| Total shares counted for guideline | 10,487 | Counts actual shares; unvested RSUs and deferred shares count toward guideline (none shown for her) |
| Market value | $2,599,832 | Based on $247.91 closing price on March 31, 2025 |
| Ownership guideline | $575,000 minimum within 5 years | All directors with 5+ years exceed the guideline |
| Hedging/pledging | Prohibited (pledging banned; hedging discouraged and requires pre‑clearance) | Insider trading policy; pre‑clearance and blackout periods apply |
Governance Assessment
- Committee assignments and effectiveness: Active on Compensation and Nominating/Governance/Sustainability—both had strong 2024 attendance (95% and 98% respectively), supporting oversight of pay, governance, and ESG/public policy matters .
- Independence and engagement: Independent; Board maintains strong governance (separate Chair/CEO, majority voting, proxy access, director executive sessions) and regular shareholder engagement (400+ interactions in 2024; Chair met holders representing ~40% of shares) .
- Director pay structure and alignment: Mix skewed to equity; approximately 63% of base Board compensation in JLL stock; Ms. Macaskill’s 2024 total was $323,750, of which $200,000 was stock; she significantly exceeds ownership guideline (10,487 shares; ~$2.6M) .
- Conflicts and related‑party exposure: Board policy requires review/approval of related‑party transactions; independence review found no material relationships; insider policy prohibits pledging/short sales and discourages hedging with pre‑clearance .
- Compensation committee safeguards: Fully independent; uses independent consultant (Exequity); no interlocks/insider participation; clawback policy compliant with Rule 10D‑1 .
- Shareholder signals: 2024 say‑on‑pay received ~90% support, indicating broad investor approval of compensation governance practices (context for overall governance environment) .
RED FLAGS: None disclosed in the proxy regarding attendance shortfalls, related‑party transactions, pledging/hedging, or committee interlocks for Ms. Macaskill. Policies and ownership alignment mitigate typical governance risks.