Janet Langford Carrig
About Janet Langford Carrig
Born 1957, Janet Langford Carrig is an independent director of Columbia Seligman Premium Technology Growth Fund, Inc. (STK) serving since January 2023. She previously was Senior Vice President, General Counsel and Corporate Secretary at ConocoPhillips (2007–2018) and held senior legal roles at Sidley & Austin and Zelle, Hoffman, Voelbel, Mason & Gette, bringing deep governance and legal expertise to the board. She stood for re‑election in 2025 to serve through 2028 and met the board’s independence criteria; the fund confirms incumbents attended at least 75% of board and committee meetings in 2024.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| ConocoPhillips | Senior Vice President, General Counsel & Corporate Secretary | Sep 2007 – Oct 2018 | Led corporate governance and legal; public company GC experience enhances board oversight |
| Sidley & Austin; Zelle, Hoffman, Voelbel, Mason & Gette | Partner | Not disclosed | Senior legal leadership; complex corporate matters exposure |
| Other public company and non-profit boards (not specifically named) | Director/Board roles | Not disclosed | Additional governance experience in varied organizations |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| EQT Corporation | Director | Jul 2019 – Apr 2025 | Natural gas producer; service concluded Apr 2025 |
| Whiting Petroleum Corporation | Director | 2020 – 2022 | Independent oil and gas company |
Board Governance
- Board composition: 11 directors; board divided into three staggered classes. Carrig was nominated and unanimously recommended for election to serve through 2028.
- Independence and roles: Carrig is an Independent Director; board committees are composed solely of Independent Directors.
- Committee assignments: Board Governance Committee; Contracts Committee; Investment Review Committee. She is not listed as a committee chair.
- Attendance: The fund confirms incumbents attended at least 75% of the meetings of the board and committees on which they served during 2024; the board met five times in 2024.
- Committee activity (meeting frequency):
- FY2024: Board Governance (6), Compliance (4), Contracts (5), Investment Review (4), Audit (6).
- FY2023: Board Governance (6), Compliance (5), Contracts (5), Investment Review (5), Audit (7).
Fixed Compensation
| Component | FY2024 Terms | FY2025 Terms | Notes |
|---|---|---|---|
| Closed‑End Fund annual fee (per independent director, excl. Chair) | $10,000 (across STK and one other closed‑end fund) | $10,000 (across closed‑end funds) | Based partly on fund relative assets |
| Columbia Funds Complex annual retainer (excl. Chair) | $275,000 | $275,000 | For open‑end funds in complex |
| Committee Chair retainer | $25,000 | $25,000 | Applies if serving as chair (not disclosed for Carrig) |
| Sub‑committee Chair retainer | $15,000 | $15,000 | Applies if serving as chair |
| In‑person Board meeting fee | $6,000 per day | $6,000 per day | |
| In‑person Committee meeting fee | $3,000 per day (if not same day as Board) | $3,000 per day (if not same day as Board) | |
| Special meetings (virtual/telephone) | Not paid for special telephone meetings | $3,000 per special virtual meeting | Structural change from 2024 to 2025 |
| Director | Aggregate Compensation From STK (FY2023) | Aggregate Compensation From STK (FY2024) | Total Compensation From Columbia Funds Complex (FY2023) | Total Compensation From Columbia Funds Complex (FY2024) |
|---|---|---|---|---|
| Janet Langford Carrig | $3,553 | $3,619 | $484,000 | $439,000 |
Performance Compensation
| Item | FY2023 | FY2024 | Plan Features |
|---|---|---|---|
| Deferred Compensation Election (amount deferred from STK) | $3,553 deferred | $3,619 deferred | Directors may defer up to 100% of compensation; treated as if invested in designated Columbia funds; distributions in lump sum or over years; unfunded for tax purposes; negligible impact on fund assets |
| Performance Metrics Tied to Compensation | Not disclosed | Not disclosed | Director pay is retainer/fees; no TSR/EBITDA metrics disclosed |
No options, RSUs, PSUs, or performance metric targets are disclosed for independent directors of STK. Compensation is cash-based with optional deferral aligned to fund performance via the Deferred Compensation Plan.
Other Directorships & Interlocks
| Company | Sector | Role | Overlap/Interlock Considerations |
|---|---|---|---|
| EQT Corporation | Energy (Natural Gas) | Director (Jul 2019 – Apr 2025) | STK is a technology-focused closed‑end fund; no related‑party transactions disclosed; low direct interlock risk indicated in proxy |
| Whiting Petroleum Corporation | Energy (E&P) | Director (2020 – 2022) | Same as above; no related‑party transactions disclosed |
Expertise & Qualifications
- Public company GC experience (ConocoPhillips), with board‑level governance, risk, and compliance expertise suited to investment fund oversight.
- Extensive legal leadership and board service across public and non-profit organizations.
- Committee service on Board Governance, Contracts, and Investment Review aligns with legal and governance skill set.
Equity Ownership
| Holder | STK Ownership Range | Complex Ownership Range | As‑of Date | Notes |
|---|---|---|---|---|
| Janet Langford Carrig | $1–$10,000 | Over $100,000 (includes deferred comp value) | Dec 31, 2024 | Deferred amounts treated as if invested in funds within the complex |
| Janet Langford Carrig | $1–$10,000 | Over $100,000 (includes deferred comp value) | Dec 31, 2023 | |
| Directors & officers as a group | <1% of STK shares outstanding | — | Dec 31, 2024 | Alignment limited; reflects fund director ownership norms |
Governance Assessment
- Independence and committee coverage: Carrig is an Independent Director serving on Board Governance, Contracts, and Investment Review—committees comprised solely of independent directors—supporting robust oversight of manager contracts, governance, and investment risk.
- Engagement: Incumbent directors met at least 75% attendance in 2024; the board met five times, with active committee schedules indicating high engagement.
- Compensation and alignment: Compensation is cash retainer/meeting fees with optional deferral; Carrig fully deferred her STK fund compensation in both 2023 and 2024, creating economic exposure to fund complex performance via the Deferred Plan. No equity awards or options disclosed, consistent with closed‑end fund governance practices.
- Other directorships and conflicts: Energy sector board roles (EQT, Whiting) are unrelated to STK’s technology mandate; no related‑party transactions are disclosed in proxies. Watch for potential perceived conflicts only if STK invests in issuers where she serves/served (not indicated).
- Structural improvements: 2025 adds compensation for special virtual meetings ($3,000), enhancing recognition of time demands; overall retainers remain constant, with clear committee chair differentials; no consultant conflicts mentioned in proxy.
Red Flags: None disclosed in proxies regarding related‑party transactions, pledging/hedging of STK stock, or attendance shortfalls; ownership of STK is modest, typical for fund directors, but may be viewed as limited “skin‑in‑the‑game.”
Note: STK is Columbia Seligman Premium Technology Growth Fund, in Capital Markets (Closed‑End Fund).