Appointments Archive

Apr 01, 2009
An increasing number of US investors and their advisers are seeking non-binding ‘advisory’ votes on executive compensation at US companies, or, ‘say on pay’, a practice that has been common in England and Australia for several years. Intense investor, media and regulatory scrutiny of executive compensation in the midst of the declining financial market has created a regulatory fever. Legislators are on the verge of a regime establishing shareowner advisory vo...
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Apr 01, 2009
The past few months have brought a flurry of dramatic executive compensation announcements, including draconian caps on CEO compensation, and some equally dramatic about-faces. With the passage of the economic stimulus bill on February 17, however, the roughly 400 companies that received government bailout funds were forced to rethink pay practices fairly radically and without further ado. ‘If you’re a company that’s accepting Troubled Asset Relief Program (T...
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Apr 01, 2009
It should come as no surprise that Gap, which includes such brands as Banana Republic, Old Navy and Piperlime, won the first Corporate Secretary Magazine Award for ‘Most innovative CSR policy disclosure’. Over the years, this specialty retailer of clothing, accessories and personal care products has won recognition and awards for its social responsibility reporting, sustainability practices and business ethics. But it takes far more than beautifully written CSR reports...
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Feb 01, 2009
In keeping with its team approach, Colgate-Palmolive, the recipient of the ‘Corporate governance team of the year’ award at the Corporate Secretary Magazine Awards, highlights its company-wide approach to governance and the belief that better standards lead to better performance: ‘Governance is an ongoing commitment shared by our board of directors, our management and all Colgate people. At Colgate, we believe strongly that good corporate governance accompanies and g...
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Feb 01, 2009
Pfizer has long been heralded for its visibility at shareholder events and the highly effective channels that the company has successfully provided for contacting directors, so it comes as no surprise that it should win the award for ‘Most effective shareholder communication’, which was sponsored by Broadridge. Honorable mentions went to BorgWarner, Phillips-Van Heusen and Tenet Healthcare. Discussing this achievement, it’s hard not to mention Pfizer’s for...
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Feb 01, 2009
Being the center of attention is never an easy thing. It is even more difficult when a lot of people are just waiting for you to fail. Few people look forward to reading a corporate proxy statement. They do not make for the most compelling reads and are unlikely to ever win best- seller titles, but RiskMetrics Group’s proxy statement, the first the company had issued since going public, was one of the most eagerly awaited corporate disclosures of the year. In its...
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Feb 01, 2009
Much has been said amidst the recent market meltdown of the importance of not missing the opportunities a crisis can afford. Monsanto has made the most of past problems to build a highly regarded, best-in-class corporate governance program. It was rewarded for its efforts at the Corporate Secretary Magazine Awards, winning ‘Best overall governance, compliance and ethics program’, a category that included such esteemed nominees as Pfizer, Microsoft, Exelon and The Hartf...
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Feb 01, 2009
For years, officials of public companies have toyed with electronic reports, 10Ks and proxies in an effort to cut costs, speed delivery and, increasingly, cloak their operations in a ‘green’ mantle. There were the request-no-paper efforts of the 1990s, and, more recently, the upon-request paper version attempts. But no matter where the default position lay, the retail shareholders – who account for the emperor’s share of mailboxes – have remained stubborn...
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Feb 01, 2009
One of the two rising stars identified by our judges in the first Corporate Secretary Magazine Awards is an ombudsman. She is Laura Lonsdale, a lawyer by training who rose through several audit and governance positions at Tyco International before taking on her current role. Our panelists tapped her together with Douglas Chia, senior counsel and assistant corporate secretary of Johnson & Johnson, whom we profiled in January, as best newcomers in a governance or complia...
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Feb 01, 2009
The year 2008 has been a tumultuous one for the audience of Corporate Secretary magazine. It’s been a tumultuous one for everyone, for that matter. But on the evening of November 11, the inaugural Corporate Secretary Magazine Awards was an opportunity to focus on achievement. This was especially true for Transocean and the NASDAQ OMX Group, joint winners of ‘Best corporate secretary or general counsel in an M&A transaction’, sponsored by DF King. ...
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