Archive
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Comerica recruits compliance chief
Kristina Janssens joins Comerica from Flagstar Bank Dallas-based Comerica has recruited Kristina Janssens as senior vice president and chief compliance officer (CCO). In her new role, Janssens leads Comerica’s compliance program across the enterprise and reports to Susan Joseph, executive vice president for financial intelligence and corporate compliance director. Janssens joins Comerica after spending almost a decade with Flagstar Bank, where she was most recently executive vice president, CCO and chief privacy officer. Before that, she was deputy general counsel, supporting the company’s mortgage and banking business units along with information security and privacy teams. During her time with Flagstar…
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Pay equity reporting resolution garners support at Nike AGM
Proposal gains significant – but not majority – backing Nike shareholders have shown significant, though not majority, support for the company to produce additional information about pay equity among its employees. The resolution was filed by Arjuna Capital, which has sponsored measures on gender and racial pay-gap disclosure at a number of major US companies in previous years. The proposal filed at Nike requests that the sports gear company ‘report on median pay gaps across race and gender, including associated policy, reputational, competitive and operational risks, and risks related to recruiting and retaining diverse talent.’ It was backed by 29.6…
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Former Molson Coors CLO joins Hilton as general counsel
Anne-Marie D’Angelo succeeds general counsel Kristin Campbell, who is retiring Anne-Marie D’Angelo has joined hospitality company Hilton as executive vice president and general counsel. In her new role, she reports to Hilton president and CEO Christopher Nassetta and is a member of the company’s executive committee.D’Angelo most recently was chief legal and government affairs officer at Molson Coors Beverage Company. She joined Molson Coors in December 2021, filling the position vacated by Lee Reichert, who had become deputy attorney general of business and licensing for Colorado. She had previously been executive vice president, general counsel and corporate secretary at NiSource,…
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Boards lagging on cyber-security expertise, study finds
Investors increasingly turning attention to cyber-risk management, strategy and governance practices The number of directors with cyber-security expertise at S&P 500 companies remains low, with only 12 percent of firms having a cyber-security expert on their board, according to new research from the latest Diligent and NightDragon State of Board of Directors Cyber Awareness Report. The research finds that an additional 31 percent of these companies have some level of technology expertise on their boards, but there is a gap in cyber-specific education and expertise at the highest level of large US companies. It also shows that 52 percent of…
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The week in GRC: More companies disclosing ESG data and New York bar offers diversity blueprint
This week’s governance, compliance and risk-management stories from around the web – Reuters (paywall) reported that the state of California has sued major oil companies including ExxonMobil, Shell and Chevron, accusing them of underplaying the risks posed by fossil fuels. The lawsuit, which also targets BP and ConocoPhillips, alleges that the companies’ actions have caused tens of billions of dollars in damages and accuses them of deceiving the public, a filing in a superior court in San Francisco showed. The American Petroleum Institute has also been listed as a defendant in the case, according to the filing. California has sought…
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Market conditions fail to dent high CEO pay, ISS finds
US chief executives consistently take home target or above-target compensation over five-year research period Across the US, more than 70 percent of chief executives took home at least their target compensation in 2022 – a figure that is largely unchanged over a five-year research period from 2018 to 2022. Median payouts for CEO annual incentives at S&P 500 firms in 2022 stood at $1.41 mn. Looking at CEO pay across the S&P 1500 between 2018 and 2022, researchers find that, despite significant market volatility during the study period, payout rates were consistently above the 50 percent to 60 percent range…
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US Foods hires Medtronic attorney as new general counsel
Martha Ha has previously worked at DaVita Health Care Partners US Foods Holding Corp has hired Martha Ha as executive vice president and general counsel, effective September 25. She will report to CEO Dave Flitman. In her new role, Ha will be responsible for the company’s legal, food safety, risk management, corporate secretary, CSR and ethics & compliance functions. Ha is joining US Foods having previously been vice president and chief counsel for corporate governance (including sustainability, insurance and aviation), M&A and the cardiovascular portfolio at Medtronic. In that role, she was assistant corporate secretary with responsibility for areas such…
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Climate Week NYC: TNFD releases final recommendations on nature-related issues
Taskforce launches final 14 disclosures at New York Climate Week and calls for companies to adopt the framework The Taskforce on Nature-related Financial Disclosures (TNFD) has launched its final framework designed to address risks connected to the natural world. Released yesterday during New York Climate Week, the TNFD’s 14 disclosure recommendations have been in development for nearly two years in a bid to address investors’ and regulators’ requirements for more disclosure from companies about how their activities impact nature. According to the TNFD, the framework is aligned with recommendations released by the TCFD andconsistent with the newly launched International Sustainability…
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Regions Bank appoints senior compliance and risk officials
Anna Brackin promoted to chief compliance officer Regions Bank has made two senior appointments to its compliance and risk-management operations. Anna Brackin has been named as the company’s new chief compliance officer (CCO), a role in which she now has particular focus on areas such as Regions’ foundation of compliance programs, maintaining a prudent regulatory risk framework and helping protect the bank and its customers from financial loss or harm. She took on the role as CCO following the recent retirement of Doug Jackson, who had spent 34 years at Regions. She reports to the bank’s chief risk officer (CRO)…
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Tanger Outlets recruits general counsel
Jessica Norman most recently was chief legal officer of Independence Realty Trust NYSE-listed Tanger Outlets has recruited Jessica Norman as executive vice president, general counsel and secretary. In her new role, Norman heads up Tanger’s legal organization, which includes its corporate governance and compliance teams. She reports to president and CEO Stephen Yalof. Norman most recently was chief legal officer of Independence Realty Trust (IRT), a publicly traded real estate investment trust that owns and operates multi-family apartment properties. Before joining IRT in 2016 in connection with the company’s internalization process, she spent two years as managing director and corporate…