Archive
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Casey’s bringing legal chief on board
Katrina Lindsey to join company next month Nasdaq-listed Casey’s General Stores has hired Katrina Lindsey as chief legal officer and corporate secretary. She will join the company in January and report to CEO Darren Rebelez. In her new role, Lindsey will head up Casey’s legal, risk management, compliance, food safety, government affairs and corporate reporting functions. She spent more than four years at The ODP Corporation – which operates Office Depot and OfficeMax, among other brands – as senior vice president, deputy general counsel, chief compliance officer and assistant corporate secretary. She held roles on the company’s information security incident…
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Opinion: SEC dramatically changes rules for proxy contests
New rules will reshape the process by which hostile bidders, activist hedge funds, social and environmental activists and other dissident shareholders may use director elections, say Beth Berg, Kai Liekefett and Derek Zaba On November 17, the SEC adopted new Rule 14a-19 and amendments to existing rules under the Securities Exchange Act of 1934 to require the use of ‘universal’ proxy cards in all non-exempt director election contests at publicly traded companies in the US. The new ‘universal proxy rules’ contain only slight modifications from rules the SEC first proposed in October 2016, for which it reopened the public comment…
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Opinion: Climate transition planning is the new net-zero
Recent UK government move could have implications for companies far beyond its borders, says Veena Ramani – CNBC reported that Jack Dorsey stepped down as CEO of Twitter. Parag Agrawal, the company’s chief technology officer, took over the role. Dorsey was serving as CEO of both Twitter and Square, his digital payments company. Dorsey will remain a member of the board until his term expires at the 2022 AGM, the company said. Salesforce president and COO Bret Taylor will become board chair, succeeding Patrick Pichette, a former Google executive, who will remain on the board as chair of the audit…
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The week in GRC: DoJ gets tough on corporate recidivists and ESG investors eye gender equity
This week’s governance, compliance and risk-management stories from around the web In the deluge of climate change news in the past weeks, it is easy to have missed a very important development in the UK that has implications for US companies. On November 3, Rishi Sunak, the UK chancellor of the Exchequer, announced in his COP26 Finance Day speech that the country was working toward ‘making it mandatory for firms to publish a clear, deliverable plan setting out how they will decarbonize and transition to net-zero – with an independent taskforce to define what’s required.’ This comes on the heels…
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Ingredion hires legal and compliance chief
Tanya Jaeger de Foras previously worked in global law department of Whirlpool NYSE-listed Ingredion has hired Tanya Jaeger de Foras as senior vice president, chief legal officer (CLO), chief compliance officer (CCO) and corporate secretary, effective November 29. She reports to Ingredion president and CEO Jim Zallie. In her new role, Jaeger de Foras oversees the Westchester, Illinois-based company’s global legal, corporate governance, compliance and government relations functions. Before joining Ingredion, she held senior positions in the global law department of Whirlpool Corporation, starting in 2015 as CLO for its EMEA business unit. In 2019 she was appointed deputy general…
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Post-IPO Aris Water hires first general counsel
Company listed on the NYSE in late October Newly public Aris Water Solutions has appointed Adrian Milton as its first general counsel, chief administrative officer and corporate secretary. Aris Water is an environmental infrastructure company that aims to help customers reduce their water and carbon footprints. It listed on the NYSE in late October. Before joining Aris Water, Milton was vice president and general counsel at Headlands Research, a private equity-backed clinical trial site organization. In that role he was responsible for both legal affairs and risk management. He was previously deputy general counsel for Concho Resources, where he oversaw…
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Brink’s appoints general counsel from in-house
Lindsay Blackwood joined company in 2012 The Brink’s Company has promoted Lindsay Blackwood to become executive vice president and general counsel. Blackwood joined NYSE-listed Brink’s in 2012 as assistant general counsel and held that position until last year, when she became vice president and associate general counsel. She has also been the company’s corporate secretary since 2013. Before joining Brink’s, Blackwood was associate chief counsel and corporate secretary at Cigna Corporation from 2006 to 2012. Doug Pertz, president and CEO of Brink’s, says in a statement: ‘Since joining Brink’s, Lindsay has provided sound guidance to the Brink’s executive leadership team,…
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C-suite isn’t necessary on ESG roadshows, says InterAxS Global
Co-founders Cathy Norbury and Lucy Richardson discuss dedicated ESG roadshows versus incorporating ESG into traditional investor meetings Cathy Norbury, co-founder of InterAxS Global, tells Corporate Secretary sister publication IR Magazine that when it comes to corporate access for ESG-driven meetings: ‘The head of sustainability or inclusion and diversity, company secretary or head of IR are all sufficient.’ And because ‘ESG roadshows do not need to involve the C-suite, you’re not leaning on management for more time,’ adds Lucy Richardson, the corporate access firm’s other co-founder. Although dedicated ESG roadshows aren’t quite the norm, they are on the rise: 15 percent…
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Molson Coors appoints top attorney
Anne-Marie D’Angelo to join drinks company from utility NiSource – The Wall Street Journal reported that President Joe Biden was set to nominate Federal Reserve chair Jerome Powell to a second term leading the central bank, opting for continuity in US economic policy despite pressure from some Democrats who wanted someone tougher on bank regulations and climate change. – The International Organization of Securities Commissions (IOSCO) said oversight of ESG ratings needs to improve, Reuters reported. IOSCO wants ESG ratings bestowed on companies to be more transparent in their data and the methodology used to create a grade. IOSCO cited…
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Costco faces shareholder proposal on food equity
Measure seeks report on ‘links between structural racism, nutrition insecurity and health disparities’ Shareholders in Costco Wholesale Corporation appear set to vote on a proposal seeking disclosure on connections between structural racism and food equity. Specifically, the proposal asks that the company’s board prepare a report describing: ‘[I]f, and how, Costco applies its sustainability commitment to its core food business to address the links between structural racism, nutrition insecurity and health disparities. The report may include systems Costco has in place to address racial justice and food equity concerns through product development, marketing and distribution.’ The SEC has rejected a…