Archive
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Southern Company appoints CCO
Meredith Lackey was previously executive vice president of external affairs and nuclear development for Georgia Power Meredith Lackey has been named chief compliance officer (CCO) for utility firm Southern Company. Lackey was previously executive vice president of external affairs and nuclear development for Georgia Power, one of Southern Company’s businesses. In that role, which she was appointed to in June 2020, she led Georgia Power’s policies and activities in governmental and regulatory affairs, community and economic development, corporate communications, environmental affairs, regional external affairs, land management, pricing and planning and nuclear development. Before taking on that position, Lackey had been…
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Pimco names successor general counsel
Sung-Hee Suh has been with the firm since 2018 Pimco has named Sung-Hee Suh as the active fixed-income firm’s global general counsel, effective January 1. Suh is a managing director who is currently Pimco’s general counsel for global regulatory matters and litigation. She will take up her new role following the retirement of David Flattum, who has been in the position for the past 17 years. Flattum will remain with Pimco as a consultant throughout 2024. Suh joined Pimco in 2018 from White & Case, where she was head of the law firm’s New York white-collar litigation practice. Before moving…
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Top Walgreens lawyer Danielle Gray to depart
Gray was previously chief legal and administrative officer at Blue Cross and Blue Shield of North Carolina Danielle Gray, executive vice president and global chief legal officer (CLO) of Walgreens Boots Alliance (WBA), is leaving the company next month ‘for an external opportunity’, according to a company spokesperson. Matt D’Ambrosio, senior vice president and chief compliance and ethics officer, has been named interim CLO while Walgreens conducts a search for a permanent successor. Gray joined WBA in September 2021 and has led the company’s global legal, compliance, corporate governance and corporate security functions. She was previously senior vice president, chief…
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The week in GRC: AI can’t complete SEC filings correctly, researchers find and Icahn plans to remove Illumina directors
This week’s governance, compliance and risk-management stories from around the web – The Guardian reported that Johnny Taylor, president and CEO of the Society of Human Resource Management, said diversity, equity and inclusion (DE&I) policies within US companies will ‘come under full-out attack in 2024. It’s going to become a hot-button issue [next] year.’ The national shift to be more inclusive that followed the murder of George Floyd in 2020 and the Black Lives Matter protests that followed is fading, he said: ‘We’re already seeing companies go away from it.’ He suggested the reset could be as strong as the…
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Governance Playbook: How to make your company’s proxy statement a success now available
Governance Intelligence’s ‘Governance Playbook: How to make your company’s proxy statement a success’, sponsored by Nasdaq Governance Solutions, provides expert insights from governance professionals at companies with leading-edge proxy statements. It presents actionable steps and best practices for corporate secretaries seeking to produce successful proxy statements that communicate effectively with investors and underline their companies’ corporate governance achievements. DownloadGovernance Intelligence Playbook: How to make your company’s proxy statement a success here >> Key findings Companies are using the proxy statement not just to meet SEC requirements but also, increasingly, as an important tool for communicating with shareholders and other stakeholders.…
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Tellurian names new general counsel
Meredith Mouer succeeds Daniel Belhumeur, who has become company president No company wants to be involved in a coverage dispute with its insurer. But it happens. Many of these disputes can be resolved through negotiation or mediation but, in some cases, the company may have no practical choice but to sue its insurer. One of the first decisions the company must make is where it should file its coverage action. Many companies assume they are limited to the jurisdiction where they principally operate or are headquartered, where their policies were ‘issued’ (often the same as their headquarters) or where the…
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Truist hires new legal chief
Scott Stengel to join from Ally Financial Charlotte, North Carolina-based Truist Financial Corporation has hired Scott Stengel as senior executive vice president, chief legal officer and corporate secretary, effective December 26. He will succeed Ellen Fitzsimmons, who has announced her intention to retire at the end of the year. Stengel is joining Truist from Ally Financial, where he has been general counsel since 2016. According to a regulatory filing, Ally has named Isvara Wilson, who is the firm’s deputy general counsel for corporate and securities, as acting general counsel following Stengel’s departure. Before joining Ally, Stengel was general counsel at…
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Why Delaware may be the best venue to resolve a D&O coverage dispute
Steve Raptis explains why Delaware companies may be missing advantages by litigating their D&O coverage claims elsewhere Meredith Mouer has been promoted to become general counsel and chief compliance officer (CCO) of Tellurian. She was previously deputy general counsel. She succeeds Daniel Belhumeur, who has been named company president by NYSE-listed Tellurian’s board. Belhumeur had been Tellurian’s general counsel since February 2017 and CCO since March 2017. Before joining the natural gas firm, he was vice president for tax and general tax counsel, tax director and domestic tax counsel at Cheniere Energy. Mouer had been deputy general counsel since February…
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The week in GRC: DoJ official defends use of corporate settlements and Trian announces nominees to Disney’s board
This week’s governance, compliance and risk-management stories from around the web – The Wall Street Journal (paywall) reported that the SEC is asking investment advisers how they use and oversee artificial intelligence (AI), as agency chair Gary Gensler expresses skepticism about the technology. The SEC’s examinations team has sent requests for information on AI-related topics to several investment advisers. The agency wants details on topics including AI-related marketing documents, algorithmic models used to manage client portfolios, third-party providers and compliance training, according to one such letter obtained by Vigilant Compliance, a regulatory compliance consulting firm. Karen Barr, head of the…
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Activism: ‘Mixed year’ comes to a close with rise in small-cap campaigns
Data shows activists finding less success against large-cap targets Shareholder activists have seemingly found greater success with smaller-cap campaigns than when targeting mid and large-cap firms this year. That’s according to new research delving into what has been a ‘mixed year’ for activism and M&A, though interest in the small-cap space is apparently at levels not seen since Q4 2020. While figures are ‘somewhat cloudy’ for the second half of 2023, with a number of campaigns yet to reach a conclusion, research shows that in H1 2023 the majority of large-cap campaigns (81 percent) ended in failure for the activist.…