2018
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On Governance: Caremark Decision and Reputational Risk Through #MeToo Glasses
May 15 | Vanessa Richardson, Associate, Cleary Gottlieb Steen & Hamilton | Comments (0)Public and private businesses today face many decisions that do not arise from, and have consequences far beyond, solely financial performance. Rather, these decisions are primarily driven by, and implicate, important social, cultural and political concerns. They include harassment, pay equity and other issues raised by the #MeToo movement.
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Should You Consider the Value of Adding Younger Directors to Your Board?
May 10 | Governance Center | Comments (0)Governance Center member PwC Governance Insights Center, in conjunction with Diligent and Boardroom Resources, is hosting a webinar at 2:30 p.m. EST May 23 about the value of adding younger directors to a corporate board.
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Survey on Board-Shareholder Engagement Practices Open
May 10 | Governance Center | Comments (0)As part of a research project on board-shareholder engagement practices, The Conference Board and Rutgers Law School are conducting a confidential survey of corporate secretaries, general counsel, and chief legal officers.
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On Governance: News from the Front
May 08 | Robert Lamm, ESG Center Fellow, The Conference Board | Comments (0)So, what’s on the mind of our institutional owners? First, an overriding concern with capital structures that limit or eliminate voting rights of “common” shareholders.
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Q&A with Jeff Gramm: A Hedge Fund Founder Gives His Views on the Corporate Director Job
April 27 | Jeff Gramm, Founder, Managing Partner, Bandera Partners | Comments (0)Jeff Gramm is co-founder and portfolio manager at the hedge fund Bandera Partners. Gramm, who co-founded the hedge fund with Greg Bylinsky in 2006, also serves as a director on the boards of two companies. He shared his thoughts about the corporate director job with Gary Larkin, Governance Center Blog editor.
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On Governance: Non-GAAP Measures: Questions and Insights
April 23 | Cindy Fornelli, Executive Director, Center for Audit Quality | Comments (0)The CAQ has published a free, full report, Non-GAAP Measures: A Roadmap for Audit Committees, on findings from recent roundtables, as well as a companion video that provides additional context and real-life examples of how audit committees are thinking about non-GAAP measures.
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On Governance: SEC Commissioner Robert Jackson and Perpetual Dual Class Shares
April 10 | Bernard Sharfman, Associate Fellow, R Street Institute | Comments (0)The elimination of perpetual dual class shares in IPOs is a solution without a real problem to solve. Of the 19 companies that utilized dual class shares in their IPOs in 2015 perhaps 50 percent used a perpetual structure.
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On Governance: Proxy Proposals on Charitable Contributions Are Rare, but Will We See More?
April 02 | Jeff Hoffman, Institute Leader, Corporate Citizenship & Philanthropy, ESG Center, The Conference Board | Comments (0)Socially responsible investors have become a bigger part of a company’s ownership. Large funds, such as Vanguard, BlackRock, pension funds and others are exerting their influence for better ESG (Environment, Social, Governance) performance. Various nonprofits are also flexing their muscles. Will the increased scrutiny lead to more proposals on charitable contributions?
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On Governance: Setting the Stage for Sustainability
March 29 | Sophia Mendelsohn, Head of Sustainability, JetBlue Airways | Comments (0)Despite the rise of corporate sustainability, few CEOs discuss these initiatives with shareholders. But that is changing. Companies and shareholders are beginning to use the term Environment, Social and Governance (ESG) to represent the more focused area of the overlap between financials and environmental/social issues, resulting in risk mitigation.
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On Governance: Are virtual-only annual meetings really what shareholders want?
March 26 | Gary Larkin, Former Research Associate, Corporate Leadership, The Conference Board | Comments (0)In today’s remote business world, video conference calls and internal business Skype networks have become as common as landline phones in American corporate offices. But, does having such technology mean corporate management and boards should replace in-person annual shareholder meetings with virtual ones? Or should hybrid (in-person/virtual) meetings be adopted?