Archive
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Data issues biggest barrier to greater ESG adoption, survey finds
Global study of 1,000 investors by Capital Group highlights need for data alignment and preference for active management Almost half (49 percent) of investors say a lack of robust ESG data is ‘holding back’ their organization’s further adoption of ESG, according to a new survey of more than 1,000 investors across 16 countries. Capital Group’s inaugural ESG Global Study 2021 covers 1,040 global institutional and wholesale investors, including pension funds, family offices and insurance companies, as well as funds of funds, retail/private banks and financial advisers. Three quarters of those surveyed use active investment decisions to ensure ESG factors are…
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Myriad Genetics hires new CLO
Pamela Wong joins from Quest Diagnostics Corporate Secretary’s Compliance Training report presents data collected from a survey conducted among in-house governance professionals – such as general counsel and corporate secretaries – to give important insights into what companies are training their employees about, the tools they are using to do so, whether compliance training is linked to pay and whether and how companies are assessing their own efforts. Findings in this report are based on data from an online survey conducted between May and June 2021. Click here to download the report >> Key findings Many companies train employees on…
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Compliance Training report – available now
Nasdaq-listed Myriad Genetics has appointed Pamela Wong as its new chief legal officer. In her new position, Wong leads the company’s legal function, including support and counsel for legal affairs, intellectual property (IP), patent protection, M&A, litigation, regulatory and quality assurance, compliance and government affairs. She reports to Myriad Genetics president and CEO Paul Diaz. Wong joined Myriad Genetics from Quest Diagnostics where she spent 14 years, most recently as assistant general counsel. According to her LinkedIn profile, she was divisional general counsel for Quest’s clinical business, supporting commercial, operational andR&D teams and responsible for supporting business efforts in companion…
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Nominees announced for Corporate Governance Awards 2021
Winners to be announced at special virtual event on November 11 Corporate Secretary is announcing the short-listed nominees for its 14th Corporate Governance Awards. The winners, selected by an independent panel of judges, will be revealed at a special virtual event starting with pre-show online networking at 4.00 pm ET on Thursday, November 11. The ceremony will begin at 4.45 pm ET. Click here for more information. Corporate Secretary’s Corporate Governance Awards celebrate outstanding achievements across the governance, risk and compliance fields. As with every year, submissions were made for a wide variety of companies and individuals for excellent work…
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Nordson hires new general counsel
Jennifer McDonough to join from utility PPL Corporation Westlake, Ohio-based Nordson Corporation has hired Jennifer McDonough as executive vice president, general counsel and corporate secretary, effective November 1. McDonough will report to president and CEO Sundaram Nagarajan and will head up the company’s global legal function in corporate development, corporate governance, ethics and compliance, intellectual property and other legal matters. McDonough’s predecessor was Gina Beredo, who spent eight years at Nordson before joining Owens Corning in June as executive vice president, general counsel and corporate secretary. McDonough is moving to Nordson from utility PPL Corporation, where she is vice president,…
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The week in GRC: TCFD says climate disclosures lagging and White House eyes climate-related rules
This week’s governance, compliance and risk-management stories from around the web – The Wall Street Journal reported that Henry Kravis and George Roberts were stepping down as co-CEOs of private-equity firm KKR & Co. Joe Bae and Scott Nuttall, who have served as the firm’s co-presidents since July 2017, became co-CEOs. KKR also announced a series of structural and governance changes aimed at helping it transition to a ‘one-share, one-vote’ structure from the current dual-class setup that gives the two surviving founders Kravis and Roberts extra voting power. – Chevron Corp set a target to cut operational emissions to net…
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Nike shareholders vote on social proposals
More than a third back reporting on the company’s diversity and inclusion efforts Nike shareholders have given indications of significant support for a number of social measures – although none secured a majority. Four social-based shareholder proposals were up for a vote at Nike’s AGM last week. The board had urged shareholders to vote against each of them. Of the four proposals, a request that Nike publish annual reports assessing the company’s diversity and inclusion efforts garnered the highest level of support with the backing of 35.6 percent of votes cast – a figure generally regarded as significant by governance…
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Opinion: Corporate social responsibility is dead
Dr Alex Gold says it’s incumbent on companies to articulate not only how they manage external environmental and social impacts, but also how they integrate ESG into their value creation strategy SEC commissioner Allison Herren Lee recently spoke about a paradigm shift with respect to ESG. In a June 2021 address at the Society for Corporate Governance national conference, she explained that ESG issues had traditionally been referred to as ‘corporate social responsibility’ (CSR) issues, and treated as if they were separate from the business of generating revenue and earning profits. Arguing that ‘those days are over,’ she stated that…
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Leafly hires new general counsel
Cannabis company plans to go public this year Online cannabis company Leafly Holdings has hired Kimberly Boler as its new general counsel. In her new role she will head up the company’s regulatory, legal and compliance function and be in charge of policy and government relations. Seattle, Washington-based Leafly in August announced that it plans to go public with a Nasdaq listing through a business combination with special purpose acquisition company Merida Merger Corp I. At the time the company said it expects the transaction to close in the Q4 of 2021. Boler’s recent work includes being vice president for…
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Directors need to be held accountable for corporate purpose commitments, report says
Paper suggests regulators should be given new powers to hold directors and controlling owners accountable Board directors should be held accountable for determining and implementing the purposes of their companies, according to a British Academy report. Corporate purpose has been an evolving topic in recent years. In August 2019, the Business Roundtable released its Statement on Corporate Purpose, which outlined a modern standard for corporate responsibility. Shortly after that, in 2020, the World Economic Forum launched a new Davos Manifesto with the objective of building a more sustainable, inclusive world. In light of these efforts, the British Academy – a…