Archive
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Corporate Governance Awards judges announced, with submissions due July 23
Judging panel includes new distinguished members Ford Motor Company has hired Steven Croley as its chief policy officer and general counsel, effective July 12. The new policy leadership role was anticipated last October when Ford president and CEO Jim Farley announced organizational changes at the company. Croley reports to Farley and works closely with Jon Huntsman, a member of Ford’s board who in April was appointed vice chair for policy, an internal senior advisory role to Farley and executive chair Bill Ford. Croley was most recently a partner in the Washington, DC office of law firm Latham & Watkins, where…
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Keurig Dr Pepper reveals CLO succession plan
Jim Baldwin will retire at the end of September Nasdaq-listed Keurig Dr Pepper (KDP) will promote Anthony Shoemaker, who is at present senior vice president and assistant general counsel, to take on the role of chief legal officer and general counsel and join the company’s executive leadership team when Jim Baldwin retires at the end of September this year. Baldwin has worked at KDP or its predecessor companies since 1997. According to the company, he has led the legal strategy behind a number of key changes such as independent bottling acquisitions in the early 2000s, Dr Pepper Snapple Group’s spin-off…
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The week in GRC: Law firms hiring DEI chiefs and Biden targets corporate consolidation
This week’s governance, compliance and risk-management stories from around the web – The Wall Street Journal reported that the Chinese government said it would tighten rules for companies seeking to sell shares overseas and strengthen oversight of foreign-listed companies, which could curb attempts by companies to raise money in the US. The move comes as Chinese regulators intensify scrutiny of technology companies that recently listed in the US. The government said in new guidelines that regulators need to deepen cross-border co-operation over audit supervision and amend laws and regulations ‘on data security, cross-border data flow and other confidential information management.’…
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E&S proposals build momentum this proxy season
Preliminary data shows environmental and social proposals receiving record levels of support Investor support for environmental and social shareholder proposals at Russell 3000 companies has increased significantly this year, based on early proxy season analysis from Georgeson. According to the analysis, 30 environmental and social proposals have already passed, which is the highest number on record. This is a 50 percent increase on the total number of such proposals receiving majority support during the 2020 proxy season. There is also record-breaking support for shareholder proposals focused on plastic pollution, political contributions and board diversity.Georgeson saysinvestors have submitted nearly 150 percentmore…
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Kroger sees significant support for plastic packaging proposal
Latest such proposal to gain traction this proxy season Approaching half of shareholders in The Kroger Company have voted for a proposal seeking a report on the supermarket operator’s plastic waste. According to an SEC filing, 45.6 percent of votes cast at Kroger’s June 24 AGM backed a proposal brought by As You Sow asking the board to release a report by December 2021 on plastic packaging, ‘estimating the amount of plastics released to the environment by our use of plastic packaging, from the manufacture of plastic source materials, through disposal or recycling, and describing any company strategies or goals…
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Utz Brands hires general counsel
Theresa Robbins Shea previously worked at True Value Company Utz Brands has hired Theresa Robbins Shea as executive vice president, general counsel and corporate secretary, effective July 6. In her new role, Shea leads the snack company’s legal team and sits on its executive leadership team, reporting directly to CEO Dylan Lissette. Shea joins Utz from hardware wholesaler True Value Company, where she had been vice president and general counsel since 2018 and assistant general counsel for labor and employment since 2007. During her time at True Value, she was executive sponsor for the inclusion and diversity council and True…
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Cisco hires Microsoft’s general counsel as CLO
Dev Stahlkopf starts with Cisco next month Cisco has hired Dev Stahlkopf as executive vice president and chief legal officer, effective August 2. Stahlkopf will join Cisco having most recently been general counsel and corporate secretary with Microsoft for more than three years. According to her LinkedIn profile, she has spent around 14 years at Microsoft, previously as vice president and deputy general counsel and before that associate general counsel after being an attorney/senior attorney in the employment law group. Before going in-house at Microsoft, Stahlkopf spent several years as an attorney with law firm Perkins Coie. Cisco chair and…
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Greenwashing biggest challenge of ESG investing, say institutions
Investors show growing confidence as world emerges from Covid-19 pandemic Institutional investors view greenwashing – where an organization presents itself as more environmentally friendly than it is – as their top concern as they try to integrate ESG factors into investment decisions, according to a new survey. Around six in 10 respondents (59 percent) identify greenwashing as a challenge when selecting sustainable investments, finds the Schroders Institutional Investor study, which garners the views of 750 industry professionals around the world. The challenge of identifying greenwashing is becoming harder as ESG concerns become mainstream for investors and portfolio companies, leading to…
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The week in GRC: Record number of ESG proposals approved and SEC names top enforcer
This week’s governance, compliance and risk-management stories from around the web – The Wall Street Journal reported that Microsoft said hackers installed malicious information-stealing software on one of its systems and used information gathered there to attack its customers. The hackers compromised a computer used by a Microsoft customer support employee that could have provided access to different types of information, including ‘metadata’ of accounts and billing contact information for the organization, a company spokesperson said. Microsoft is aware of three customers affected by the recent activity, the company said. ‘The actor used this information in some cases to launch…
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TreeHouse Foods hires new general counsel
Kristy Waterman most recently worked at DFA Dairy Brands NYSE-listed TreeHouse Foods has hired Kristy Waterman as executive vice president, general counsel and corporate secretary, effective yesterday. In her new role, Waterman is responsible for TreeHouse’s legal, compliance and ethics organization and reports to CEO and president Steve Oakland. She succeeds Tom O’Neill, who becomes a consultant focused on continuing litigation and helping the transition of his responsibilities. Waterman was most recently senior vice president for strategy and chief administrative officer of DFA Dairy Brands, a division of Dairy Farmers of America. Before working at DFA Dairy Brands, Waterman was…