Building More Ethical Organizations Begins At The Top
Ethical organizations require ethical cultures, and leadership is key to ensuring a strong code of conduct at all levels...
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Articles in category: BoardBlogs
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Kirkland & Ellis Discusses Shareholder Activism Trends in Real Estate Investment Trusts After COVID-19
Read Full ArticleEven before the emergence shareholder activism had become a mainstay of public company life in the real estate investment trust world. But in the wake of the pandemic, which upended business as usual in a number of Real Estate Investment Trust (REIT) sectors, we expect shareholder activism to accelerate as the dust settles. Below are some key trends that we believe will begin to play out as hesitation gives way to opportunism...
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5 Key Relationship Strategies CIOs And CISOs Must Master To Win Over The Board
Read Full ArticleCommunicating effectively with corporate directors is vital to tech leaders’ success. Here are several key elements for gaining their trust...
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GameStop Sees Their Switch Allocations Improve After Reggile Fils-Aime Joins the Company's Board
Read Full ArticleAs you might remember, Reggie Fils-Aime was announced as part of GameStop's Board of Directors not that long ago. It seems that addition to the ...
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Steps for Corporate Boards Serious About Improving Diversity in the Boardroom
Read Full ArticleBoardroom diversity continues to be a struggle for most public companies, but it’s not for a lack of trying...
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Will California's Board Quota Law Change Diversity Disclosures In Proxy Statements?
Read Full ArticleThe Securities and Exchange Commission's proxy rules require the following disclosure with respect to board diversity: "Describe the nominating committee's process for identifying and evaluating nominees for director, including nominees recommended by security holders, and any differences...
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Guidance for Complying With California’s New Board Diversity Mandate
Read Full ArticleThe immediate challenge for California-based public companies to comply with the state’s mandate on corporate board diversity is the lack of regulatory guidance...
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CalPERS Gets Tougher on Companies Over Compensation
Read Full ArticleWhen it comes to executive compensation issues at the corporations in CalPERS' portfolio, pension fund officials have made corporate board member actions personal...
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Many Corporate Boards Still Face Shortage of Tech Expertise
Read Full ArticleCorporate boards could soon be on the hunt for fresh technology expertise as digital business models pursued in the wake of the coronavirus pandemic reshape business strategy. Companies over the past several months have rushed ahead with investments in AI-enabled analysis of business data, automation and new forms of digital collaboration. The moves, aimed at business continuity, are finding permanence as processes change across industries...
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After Mismanaging Their Companies With Stock Buybacks And Lucrative CEO Pay Packages, Airlines Demand Another $25 Billion From Taxpayers
Read Full ArticleIn the spirit of retaining employees, Southwest CEO Gary Kelly asked the airline’s unions to accept salary cuts and concessions to avoid layoffs—if a government rescue is not on the horizon...
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Why Is Macy’s Felicia Williams “Interim” Chief Financial Officer?
Read Full ArticleWilliams has taken over the CFO position at a critical time. She has represented Macy's at several analysts meetings and showed strength and conviction...
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ESG Investing is Bigger Than Ever. Here's How You Can Save the World, and Your Portfolio
Read Full Article"I think now we are in a moment where, in the mainstream portfolio, ESG will be mandatory," says Michael Herskovich, head of corporate governance ...
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Why The Proposed Merger Of NextEra And Duke Is Unlikely To Succeed
Read Full ArticleIn this election year, North Carolina has emerged as one of the most interesting energy states in the country. That’s in part due to its status as a “purple state,” with its basically 50/50 divide between the Republican and Democratic parties, and in part because the regulatory climate in the state is reflective of the shifting energy-related dynamics taking place across the country...
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The Self-Managing Board Of Directors
Read Full ArticleThe Enron scandal and bankruptcy of the early 2000s was a financial debacle for thousands, sent former CEOs to prison, and led to the extinction of a Big Five accounting firm. It also transformed corporate governance, ushering in the era of Sarbanes-Oxley transparency and accountability. Important transactions into which Enron entered with Board approval suffered from crucial accounting and governance defects...
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Deferred Compensation Plans: Options and Considerations
Read Full ArticleBusinesses often consider how to reward and retain top talent and incentivize productivity without offering equity, an ownership interest in the business. An executive deferred compensation plan allows an employer to supplement an executive’s base salary over a longer horizon—either after retirement or over a period of years...
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Is Your Executive Compensation Plan Undermining Your Mission?
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New technologies have been disrupting business for decades, especially since the internet became widespread in the late 1990s. But a new wave of innovation, centered on artificial intelligence, big data analytics, and the internet of things, is now intensifying the pace and magnitude of disruption... -
Tesla Shareholders Make Noise about Pledging and Compensation
Read Full ArticleThis past June, we wrote about how irresponsible share pledging and questionable compensation packages led many proxy advisory firms to counsel "Against" regarding the re-election of Tesla ((TSLA) -Get Report)chairwoman Robyn Denholm....
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Problem Solver: A Say-On-Pay Turnaround
Read Full ArticleIn 2017, iStar received just under 40 percent support for its executive compensation package, but turned it around with 94 percent support the following year...
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Covid-19 Is Rewriting the Rules of Corporate Governance
Read Full ArticleSince the onset of Covid-19, corporate boards have faced a string of difficult decisions. Take the question of dividend payments: Ordinarily, the decision would be a relatively straightforward matter of applying a stated dividend policy, following past practice, or choosing an amount based on shareholder expectations and the company’s earnings for the period...
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The Difference Between Shareholder and Stakeholder Capitalism
Read Full ArticleFuture of finance reporter October 7, 2020 The debate over shareholder versus stakeholder capitalism has been going on for decades, and it has been especially fraught in recent years. Proponents of shareholder capitalism say corporations have one purpose—to make as much money as possible for their shareholders—and that attempting to do anything else would backfire ...
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Peltz, Ackman, Icahn: How Their ‘Hostile’ Reputations Really Work
Read Full ArticleOn June 13, 2019, activist hedge fund Trian Partners announced a 6 percent stake in a major plumbing and heating company. Within three months, the company’s CEO had resigned...
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Board Members Seeing Challenges From Coronavirus in Financial Reporting and Governance
Read Full ArticleCorporate boards of directors are dealing with new problems in financial reporting and accounting, along with governance, amid the novel coronavirus pandemic, according to a recent survey by BDO USA...
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It’s Time to Talk Diversity in D and O Questionnaires
Read Full ArticleCorporate secretaries of public companies will soon be updating their D&O questionnaires for the 2021 proxy season, and they should consider whether to include a question that allows directors to self-identify as diverse. While companies may be hesitant to raise the issue, increasingly, they are being asked for diversity data on their boards and employees...
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Jones Day Discusses Shareholder Lawsuits Concerning Diversity
Read Full ArticleA number of shareholder derivative lawsuits in federal court have been filed seeking to hold directors and officers of major companies accountable for alleged failures to uphold their commitment to diversity. To date, the lawsuits have been filed predominantly by the same plaintiffs’ law firm...
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