Archive
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TCFD bids adieu at COP28
FSB officially passes responsibility for climate-related financial reporting to ISSB from 2024 A series of official announcements made by the Financial Stability Board (FSB) and the IFRS during COP28 have confirmed that the TCFD has been disbanded. The baton of responsibility for global climate-related financial reporting will now rest with the International Sustainability Standards Board (ISSB)from 2024. ‘The [FSB] has announced that the work of the TCFD has been completed, with the ISSB standards marking the culmination of the work of the TCFD,’ reads an official statement on the IFRS website. ‘Concurrent with the release of its 2023 status report…
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Nasdaq survey indicates ways to strategically enhance board composition
Recent research points to focus on new skills, experiences and backgrounds on the board Organizations are seeking a broader range of experience and expertise when it comes to finding diverse board candidates, pointing to technology and cyber-security executives, general counsel and chief human resources officers as some of the roles that may provide more pathways to the boardroom and, in turn, help boards achieve greater diversity. ‘Increasing skills, experience and background diversity characteristics continues to be a focus’ in boardrooms around the world, says Kaley Childs Karaffa, head of board advisory for the Americas at Nasdaq. Karaffa is also the…
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Macy’s hires legal chief from HanesBrands
Tracy Preston succeeds Elisa Garcia, who retired earlier this fall Macy’s has recruited Tracy Preston as chief legal officer (CLO) and corporate secretary, effective January 8. In her new role, Preston will be responsible for legal affairs, litigation and compliance matters for Macy’s, including employment, real estate, credit, commercial and regulatory issues, enterprise security and internal audit. She will report to Tony Spring, president and CEO-elect. Preston is joining Macy’s from HanesBrands, where she has been CLO, chief compliance officer (CCO) and corporate secretary since 2021. She previously held the same positions at The Neiman Marcus Group, which she joined…
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Getting to grips with AI: Knowing when to use it – and when not to
Highlights from Governance Intelligence’s AI for Governance Forum Governance Intelligence recently held itsAI for Governance Forum, which was designed to provide governance teams at publicly listed companies with a blueprint for the responsible use of artificial intelligence (AI) to supercharge their activities in the boardroom. The event, held in New York, brought together AI professionals from the buy side, technology industry experts and successful AI implementers among issuers. It offered practical checklists for effectively implementing an AI-powered governance strategy in 2024. During the opening session, speakers engaged in conversations about how companies are gearing up for an impending ‘AI revolution’…
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ESG rating agencies: Navigating credibility and impact
ESG rating providers definitely in spotlight, panelists say at Governance Intelligence event Governance and investor relations professionals recently gathered at the ESG Integration Forum – Winter in New York, hosted by Governance Intelligence and IR Magazine, for detailed discussions on the state of and prospects for ESG issues affecting companies. Panelists and attendees tackled – and gave advice on – issues such as impending regulations, ESG data management and disclosures, the upcoming proxy season and getting boards to take the risks from climate change seriously. Below are some takeaways from the event. Regulations around the corner – and here Despite…
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ESG Integration Forum – Winter: Governance experts take stock of ESG present and future
Professionals discuss topics including regulation and transition planning at Governance Intelligence event Governance, sustainability, IR experts and other members of the investment community gathered to discuss how ESG priorities are changing at the ESG Integration Forum – Autumn in London. The event was hosted by Governance Intelligence and IR Magazine. As might be expected at the end of a year as eventful as 2023, attendees had a lot to talk about. The forum took place less than six months after the International Sustainability Standards Board launched its two global sustainability reporting standards (IFRS S1 and IFRS S2), two months after…
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The week in GRC: SEC’s Gensler warns against ‘AI washing’ and New York may ban non-compete agreements
This week’s governance, compliance and risk-management stories from around the web – The Wall Street Journal (paywall) reported that the SEC and the FASB are taking a closer look at companies’ cash-flow statements, particularly how such disclosures may lag behind other financial statements in terms of usefulness for investors and the quality of the information. The cash-flow statement helps investors determine where a company is getting its money, how it is using it and whether it has enough runway to operate and even survive. The SEC is looking at how companies treat errors in these statements. In an unrelated move,…
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Governance Matters podcast: Global Payments and Transocean experts share advice on 2024 proxy statements and board agendas
Getting ready for a new year with new – and traditional – challenges As the end of the year draws near, Governance Intelligence has been speaking to professionals about the major governance issues that lie ahead in 2024, ranging from artificial intelligence (AI) to ESG developments. Our aim, as always, is to share some of the best advice on how to tackle those challenges. In this episode of the Governance Matters podcast we hear from Adriana Mitchell, senior vice president and senior associate general counsel at Global Payments, about preparing your company’s next proxy statement. This annual effort has gone…
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Sempra looks in-house for next top lawyer
Diana Day has been with the group for 25 years Sempra is promoting Diana Day to become chief legal counsel, effective January 1. In her new role, Day will report to chair and CEO Jeffrey Martin and be responsible for the North American energy infrastructure company’s legal affairs and governance. Day, who is at present deputy general counsel, has held several leadership roles in the company’s law department over the past 25 years. Before becoming deputy general counsel, she was senior vice president and general counsel at San Diego Gas & Electric (SDGE), a Sempra utility company. In that role…
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Emerson picks new legal chief
Michael Tang to succeed Sara Yang Bosco, who retires from Emerson on December 31 St Louis, Missouri-based Emerson Electric Company has recruited Michael Tang as senior vice president, corporate secretary and chief legal officer (CLO), effective January 1. As CLO, he will be responsible for all legal matters and global security regarding Emerson, such as corporate governance, M&A, compliance, dispute resolution and corporate and commercial operational matters. Tang, who will join Emerson’s office of the CEO, is at present senior vice president, general counsel and corporate secretary at Agilent Technologies. Since joining Agilent in 2006, he has held roles of…
