Archive
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TCFD goes ‘mainstream’ as investor demand grows
Report shows ‘substantial progress’ in implementation of recommendations in financial markets Investor demand is pushing forward the adoption of recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), according to its latest status report – with both support for the recommendations and implementation rising on 2019. ‘To date, more than 1,500 organizations have expressed their support for the TCFD recommendations,’ notes a statement from the task force, a figure it says is an 85 percent increase on the previous year. This doesn’t necessarily translate into reporting in line with the recommendations, but TCFD says in its report that disclosure…
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Hormel Foods names CCO
Pierre Lilly joined company in 2016 as director of internal audit Hormel Foods Corporation has appointed Pierre Lilly as senior vice president and chief compliance officer (CCO) for the company’s global operations. In his new role as CCO, Lilly oversees compliance, risk and ethics within the company and ensures laws, regulatory requirements, policies and procedures are adhered to. He reports to chair, president and CEO Jim Snee. Lilly joined Hormel Foods in 2016 as director of internal audit, having worked for more than 25 years in the fields of governance, risk, compliance and controls. Before joining the company, he worked…
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SEC may ‘shelve’ 13F proposal, according to Bloomberg report
Staff surprised by opposition to proposal, say reporters The SEC’s controversial proposal to relieve 89 percent of asset managers from filing quarterly ownership forms could be ‘shelved,’ according to a report from Bloomberg. The regulator received 2,238 comment letters opposing the change, and only 24 in support of it, according to analysis from Goldman Sachs. Bloomberg reporters Ben Bain and Robert Schmidt cite unnamed internal staffers who have been told the proposal will not be advanced. Bain and Schmidt write that SEC staffers were surprised by the scale of opposition to the proposed rule change. This is corroborated by Ted…
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Whirlpool appoints next general counsel
Ava Harter joins company next month from Owens Corning High-profile fraud can have a massive impact on public companies, so the pressure is on for transparency across multiple geographies and jurisdictions. It’s a crucial part of the corporate secretary’s role. Jarrod Simpson, CEO of governance services at Computershare, and Connor Kuratek, chief corporate counsel and assistant corporate secretary at Marsh & McLennan Companies, speak to Corporate Secretary about why entity management matters and outline the influential role corporate secretaries play. Governance Matters · Governance Matters: Episode two – Entities are everything – get them handled The Governance Matters podcast provides…
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Governance Matters: Entities are everything – get them handled
In the second episode of the Governance Matters podcast, Jeff Cossette explores why entity management matters and looks at the crucial role of the corporate secretary Kirsten Hewitt, senior vice president, chief legal officer (CLO) and executive committee member with NYSE-listed Whirlpool Corporation, plans to retire having spent almost 25 years with the company. Whirlpool has recruited Ava Harter as her successor. Harter will join the kitchen and laundry appliance company as senior vice president and CLO, effective December 1. She will be a member of the executive committee and report to chair and CEO Marc Bitzer. Harter joins Whirlpool…
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Nominees announced for Corporate Governance Awards 2020
Winners to be announced at special virtual event on November 18 Corporate Secretary is announcing the short-listed nominees for its 13th Corporate Governance Awards. The winners, which are selected by an independent panel of judges, will be announced at a special virtual event starting with pre-show online networking at 4.00 pm ET on Wednesday, November 18. The ceremony begins at 4.30 pm ET. Click here for more information. The Corporate Governance Awards celebrate outstanding achievements in the governance, risk and compliance (GRC) fields. This year, as every year, Corporate Secretary received submissions for a wide variety of companies and individuals,…
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Working together: Board meeting evolution amid Covid-19
How boards of directors are adapting SPONSORED CONTENT Corporate Secretary is pleased to announce the release of a special report looking at how the Covid-19 pandemic has forced boards of directors to find new ways of working together while they remain physically apart. Corporate Secretary has surveyed more than 100 senior governance professionals to find out how boards have been adapting their operations and communications during the crisis – and how they feel about the tech tools at their disposal. For example, we asked how boards have been conducting their meetings this year versus 2019, whether they are holding more…
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The week in GRC: Election challenges companies’ political speech policies, and investors demand board racial diversity disclosures
This week’s governance, compliance and risk-management stories from around the web – CNBC reported that Dunkin’ confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s. The coronavirus pandemic and its disruption of coffee drinkers’ usual routines has hit Dunkin’s sales, but its drive-through lanes are helping its sales recovery. – Jack Ma’s Ant Group made the biggest stock market listing in history, CNN reported. The tech company priced its dual listing on the Stock Exchange of Hong Kong and Shanghai’s STAR Market such that the IPO will raise more than $34.1 billion and value…
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Ontic hires CLO
Tech company also appoints former Walmart general counsel to advisory board Protective intelligence software company Ontic has appointed Scott Shepherd as chief legal officer, reporting to CEO Lukas Quanstrom. In this role Shepherd leads all corporate legal affairs, including regulatory compliance, and is legal counsel for Ontic’s leadership and board of directors. In addition, former Walmart general counsel Tom Mars has joined the Ontic advisory board. Shepherd has previously managed global legal operations and compliance for two start-ups. Before going in-house, he spent more than 15 years at law firms, primarily as a litigator. Mars, who is now head of…
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‘Overboarding’ focus as firms seek to boost diversity
Half of corporate boards have diversity plan in place, according to Diligent and NYSE research Corporate boards are committed to increasing diversity: that’s the message from a new study showing that 81 percent of companies either have a diversity plan in place or intend to create one. Just over half (54 percent) of companies polled say they already have a plan to boost board diversity, while a further 27 percent tell researchers this is something they intend to do in the future, according to the new report Impossible until it’s done published by Diligent and the NYSE. The report authors…
