Archive
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Marsh McLennan names new general counsel to key business
Katherine Brennan to take up new role on June 1 NYSE-listed Marsh McLennan has appointed Katherine Brennan as general counsel of Marsh, effective June 1. The company operates through four main businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. Marsh focuses on data-based risk advisory services and insurance for commercial and consumer clients. Brennan will report to John Doyle, president and CEO of Marsh, and Peter Beshar, executive vice president and general counsel of Marsh McLennan. In her new role, she will head up legal and compliance strategy for the Marsh business globally, in addition to continuing to chair Marsh…
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TriMas names new general counsel
Jodi Robin joined the company in 2010 Nasdaq-listed TriMas has appointed Jodi Robin as its general counsel. She reports directly to company president and CEO Thomas Amato. Robin joined TriMas in 2010 as associate general counsel and was appointed deputy general counsel in 2014. During her time with the company, she has worked on a number of commercial transactions, including numerous acquisitions, and has managed its global real estate portfolio and litigation docket. Before joining TriMas, Robin was an attorney with Reed Smith. In her new role, she is responsible for all legal, compliance, governance, intellectual property, M&A and employee-related…
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GM expands general counsel’s role
Craig Glidden will take responsibility for global public policy A large coalition of investors has called on the US government to strengthen methane regulation and warned that a lack of action could hit the value of oil and gas companies. The group of 147 firms, co-ordinated by Ceres and the Interfaith Center on Corporate Responsibility (ICCR), welcomes action being taken by the Biden administration but urges further measures to help meet the climate goals of the Paris Agreement. ‘As prudent fiduciaries, we believe virtually eliminating methane emissions as part of a low-carbon transition can support the financial goals of both…
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Investor coalition calls for tougher methane regulation
Voluntary action by companies is not enough, according to statement signed by 147 firms General Motors (GM) is expanding the role of Craig Glidden, currently executive vice president and general counsel with the company, to take on responsibility for global public policy. He will become executive vice president for global public policy and general counsel, effective June 1. Glidden joined GM in 2015 as general counsel and, according to the company, he ‘has led a transformation of GM’s global legal operations to support the company’s vision of a future with zero crashes, zero emissions and zero congestion.’ In his new…
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The week in GRC: Starboard Value takes on Box and Gensler eyes expanded employee data disclosure
This week’s governance, compliance and risk-management stories from around the web – Reuters reported that activist investor Starboard Value launched a proxy contest to take greater control of cloud services provider Box as it nominated four directors for election to the company’s board. Starboard earlier said the company had failed to capitalize on the work-from-home trend during the Covid-19 pandemic. In response, Box said it does not believe changes proposed by Starboard to its board were ‘warranted or in the best interests of all stockholders.’ ‘The Box board has been consistently responsive to feedback from all of its stockholders, including…
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Start integrating ESG by rethinking the 10K
Integrated reporting provides a framework for organizations to demonstrate how they embed environmental and social considerations into their business model, writes Alex Gold When it comes to integrated reporting, the US lags its peers. A recent Global ESG Monitor (GEM) report found that six out of 30 Dow Jones companies (20 percent) published integrated reports, compared with 54 percent of the ASX 50, 77 percent of the DAX 30 and 86 percent of the EURO STOXX 50. Not only are there fewer US examples, but they’re also of poorer quality: the highest-scoring Dow Jones integrated report remains below the average…
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IBM investors and board back DEI report
More than 90 percent support disclosure around effectiveness of company’s efforts The vast majority of IBM shareholders have given their support to a proposal – also favored by the board – seeking a report on the company’s diversity, equity and inclusion (DEI) efforts. Several other companies this proxy season have received similar shareholder proposals asking them to conduct racial equity audits. Investors are looking at corporate responses to the growing pressure for progress on DEI following last summer’s Black Lives Matter protests. Specifically, the proposal approved by 94 percent of votes cast at IBM’s recent annual meeting requests that the…
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Under Armour settles disclosure enforcement
Sportswear company agrees to pay $9 mn to resolve SEC action Under Armour has settled SEC allegations regarding aspects of disclosures relating to its revenue. Specifically, the SEC in its administrative proceeding alleges that Under Armour failed to disclose material information about its revenue management practices, which meant statements it made were misleading. The Baltimore, Maryland-based sportswear company has agreed to pay $9 mn to settle the civil action, without admitting or denying wrongdoing. As a public company, Under Armour has emphasized its consistent revenue growth and has regularly reported revenue and revenue growth in excess of analysts’ consensus estimates,…
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Nominations open for Corporate Governance Awards 2021
Deadline for submissions is Friday, July 23 Corporate Secretary has opened the submissions process for this year’s Corporate Governance Awards. The awards recognize companies’ and individuals’ outstanding achievements in governance, risk and compliance. Entries can be submitted – free of charge – by corporate secretaries, general counsel, compliance officers and other governance officials at companies listed/domiciled in the US, or by vendors or service providers on behalf of their clients. The winners of the 14th annual Corporate Governance Awards will be announced at a special virtual ceremony on November 11. The categories open for nomination this year are: Best AGM…
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LogicBio Therapeutics hires general counsel
Andrea Paul to join clinical-stage genetic medicine company on May 17 Nasdaq-listed LogicBio Therapeutics has hired Andrea Paul as general counsel and corporate secretary. Paul will take up her new position on May 17. She will join LogicBio Therapeutics having most recently been vice president of legal at Akebia Therapeutics. During her time with Akebia, Paul was a key strategic legal adviser on the company’s merger with Keryx Biopharmaceuticals and on the company’s financing and business development transactions. Before working at Akebia, she was senior corporate counsel at Momenta Pharmaceuticals. Earlier, she was an attorney with law firms Mintz Levin…