Archive
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CalSTRS wants broader Scope 3 inclusion in SEC climate plan
Proposal attracts thousands of responses CalSTRS is pressing the SEC to go further with its climate risk disclosure plans by, among other things, throwing a wider net to take into account greenhouse gas (GHG) emissions across companies’ value chains. The SEC in March proposed landmark rule changes that would require companies to disclose information about their governance of climate-related risks and how any climate-related risks have had or are likely to have a material impact on their business. In addition, the changes would require companies to disclose information about their own GHG emissions (Scope 1) and indirect emissions from buying…
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Encore Capital Group promotes new general counsel from in-house
Andrew Asch has been with the company since 2010 Encore Capital Group is promoting Andrew Asch to the position of senior vice president and general counsel, effective August 15. Asch has been with the specialty finance company since 2010 and is currently senior vice president and general counsel of Encore’s subsidiary Midland Credit Management (MCM). In his new role he will report to Encore’s president and CEO, Ashish Masih. Asch’s move will follow the retirement of Greg Call, executive vice president, general counsel and chief administrative officer. Call also joined Encore in 2010 and has since overseen company functions including…
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Zentalis Pharmaceuticals hires general counsel
Andrea Paul to join company from LogicBio Therapeutics Nasdaq-listed Zentalis Pharmaceuticals has appointed Andrea Paul as general counsel and corporate secretary, effective August 1. Paul will join Zentalis from LogicBio Therapeutics, where she has been general counsel and corporate secretary since May 2021. She previously held positions of increasing responsibility at Akebia Therapeutics, most recently as vice president for legal. During her time at Akebia, Paul played a key legal role in the company’s merger with Keryx Biopharmaceuticals, in addition to the company’s financing and business development transactions. Before that, Paul was senior corporate counsel at Momenta Pharmaceuticals. She began…
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HFC proposal gains significant support at Kroger AGM
Proponent concerned by HFCs as ‘potent’ greenhouse gases A proposal on hydrofluorocarbons (HFCs) has received significant – though not majority support – among shareholders of The Kroger Co. The proposal, filed by Friends Fiduciary, asks Kroger to release a report ‘describing how it can adopt strategies above and beyond legal compliance to curtail the predominant source of its operational (Scope 1) [greenhouse gas (GHG)] emissions by deploying the best available technological options for eliminating the use of [HFCs] in refrigeration.’ According to an SEC filing, 35.4 percent of votes cast at the grocery company’s AGM on June 23 were in…
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The week in GRC: DoJ corporate enforcement unit expands and Chipotle restaurant is company’s first to file for union election
This week’s governance, compliance and risk-management stories from around the web – CNN reported that President Joe Biden said he was ‘proud’ of Apple’s retail workers in Towson, Maryland, who voted to form the first labor union at one of the company’s US stores. ‘I’m proud of them,’ Biden said. ‘Workers have a right to determine under what conditions they’re going to work or not work.’ Biden, who has also recently met with union organizers from Amazon and Starbucks, added that ‘everybody is better off, including the final product’ because of labor unions. An Apple spokesperson did not immediately respond…
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Biotech Arcellx hires general counsel
Maryam Abdul-Kareem previously worked at Kinnate Biopharma Biotechnology company Arcellx has hired Maryam Abdul-Kareem as general counsel. Abdul-Kareem previously worked at Kinnate Biopharma as deputy general counsel, a role in which she was responsible for both legal and compliance matters. Before her time with Kinnate Biopharma, she spent seven years at AstraZeneca Pharmaceuticals in positions of increasing responsibility, most recently as assistant general counsel for corporate. In that role she led negotiations on numerous strategic transactions, including a license deal with the University of Oxford for global rights to a Covid-19 vaccine. Before AstraZeneca, Abdul-Kareem was an associate in the…
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Principal names new general counsel
Natalie Lamarque will join Principal from New York Life Insurance Company Corporate Secretary and sister publication IR Magazine are delighted to announce the short-lists for their inaugural ESG Integration Awards. The winners, selected by an independent panel of judges, will be revealed following the ESG Integration Forum – Summer on Thursday, July 14 in New York. Click here for more information on the forum and awards. The ESG Integration Awards recognize outstanding achievements by governance and investor relations professionals in helping their companies oversee, communicate and engage with stakeholders about their companies’ ESG efforts. Submissions have been made for a…
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Nominees announced for ESG Integration Awards 2022
Winners to be announced on Thursday, July 14 Des Moines, Iowa-based Principal Financial Group has selected Natalie Lamarque as its new general counsel, effective August 1. Lamarque will take up the position from Mark Lagomarcino who is retiring after 20 years with Principal and has served as interim general counsel to enable a smooth transition. Chris Littlefield, the company’s previous general counsel, became president of Principal’s retirement and income solutions business on April 1. Littlefield joined the company in 2020. In her new role, Lamarque will oversee the law department, including government relations and compliance, and be corporate secretary. She…
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AIG appoints deputy general counsel and corporate secretary
Prabha Sipi Bhandari most recently was principal deputy general counsel at Freddie Mac American International Group (AIG) has recruited Prabha Sipi Bhandari as senior vice president, deputy general counsel and corporate secretary. Bhandari most recently was senior vice president and principal deputy general counsel at Freddie Mac. Before that, she spent more than a decade at Deutsche Bank in senior positions managing legal groups covering M&A and conflicts resolution, before being promoted to managing director and general counsel of Deutsche Bank Securities. Bhandari previously was vice president and associate general counsel at Viacom, and before that she was an M&A…
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Getting the messages through: Danielle Fugere of As You Sow on the 2022 proxy season
Danielle Fugere, president and chief counsel of shareholder advocacy group As You Sow, talked to Ben Maiden earlier this proxy season about a record year for ESG investor proposals and trends in engagement with companies What have been some of As You Sow’s priorities for the 2022 proxy season? We continue to work on climate [change] as one of the most important issues facing investors and people generally. We are focusing on ocean plastics and petrochemical risk – those two go together in the sense that oil and gas companies are becoming more reliant on producing plastics as the world…