Boardroom Archive

May 11, 2021
Nominations open for Corporate Governance Awards 2021
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....
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Mar 25, 2021
Panel addresses boards’ role in climate crisis
Industry experts on Tuesday shared insights into how boards can focus their efforts toward promoting sustainability amid rising investor and regulatory pressures – and a growing sense of urgency. Peter Gleason, CEO of the National Association of Corporate Directors (NACD), told professionals that his organization views tackling climate change as a ‘full board sport,’ wherein the climate crisis is a risk multiplier across the organization, from regulatory and c...
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Mar 25, 2021
S&P 500 failing on diversity and exec pay, survey finds
The largest companies in the US are failing to align their executive compensation with company performance, according to new research from CGLytics, which finds an ‘arbitrary’ approach being taken to executive pay among S&P 500 companies. CGLytics’ second annual S&P 500 report also questions whether the pay cuts announced by companies in the grip of the Covid-19 pandemic were a ‘façade,’ with an average cut of just 6 percent on CEO pay for the fin...
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Jan 21, 2021
Many boards lacking ESG expertise, study finds
Despite the growing pressure for companies to address material risks arising from ESG-related issues, there is a severe lack of relevant expertise on such topics among board members of large US companies, according to a new study. The research finds that 29 percent of the 1,188 Fortune 100 board directors examined have relevant ESG credentials, but that this total is largely concentrated on th...
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Jan 14, 2021
Nasdaq board diversity plan attracts broad support
Nasdaq’s efforts to promote diversity on boards has received support from a variety of constituencies, with a number of commenters approving of its ‘comply-or-explain’ approach. The exchange operator last month filed a proposal with the SEC to adopt new listing rules that would require companies to have – or explain why they do not have – at least two diverse directors, including one who ...
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Dec 22, 2020
Nasdaq’s Joan Conley: A devotion to governance and integrity
Joan Conley is this year’s recipient of the lifetime achievement award in recognition of her career as Nasdaq’s only corporate secretary since its founding, during which time she has developed its corporate governance and maintained a passionate focus on ethics, compliance and integrity. Conley’s retirement from Nasdaq at the end of 2020 follows almost 40 years with the exchange operator and its predecessor organization. She started with the NASD – now the F...
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Dec 18, 2020
Interview with Nasdaq’s Joan Conley: Lifetime achievement award winner
What have been some of the key questions and challenges you have discussed with boards and governance professionals in light of the pandemic? My view and the view of colleagues, not only internally at Nasdaq but also [externally], is that Covid-19 has rewritten the rules of corporate governance in many ways. I categorize it in four areas. First, there is much more focus on the intersection of business and society, which of course is a very br...
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Dec 17, 2020
How AIG’s Glazer builds good governance on good relations
Rose Marie Glazer, senior vice president, corporate secretary and deputy general counsel of American International Group (AIG), joined the company in 2017 and has been a leader in supporting and enhancing its governance ever since. Glazer’s ability to work successfully with the board, people at AIG and outside stakeholders has been a hallmark of her tenure, and one of the reasons for her many achievements over the past year. That ability has been highly evident in...
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