Boardroom Archive

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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Dec 03, 2020
Nasdaq targets board diversity with ‘comply or explain’ plan
Nasdaq is moving to increase diversity on the boards of its listed companies amid growing pressure from investors and state laws for greater inclusion of under-represented groups – or at least disclosure around the issue. Nasdaq on Tuesday filed a proposal with the SEC to adopt new listing rules. Failure to comply will result in a company being kicked off the excha...
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Oct 28, 2020
‘Overboarding’ focus as firms seek to boost diversity
Corporate boards are committed to increasing diversity: that’s the message from a new study showing that 81 percent of companies either have a diversity plan in place or intend to create one. Just over half (54 percent) of companies polled say they already have a plan to boost board diversity, while a further 27 percent tell researchers this is something they intend to do in the future, according to the new report ...
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Sep 29, 2020
California law set to boost board diversity
California’s Assembly Bill (AB) 979 is set to make waves both within the state and across the country as a groundbreaking new law that would require companies to diversify their boards and reserve seats for directors from ‘under-represented communities.’ If Governor Gavin Newsom signs the bill this week, it will be the first of its kind in the US as no other law mandates representation from deemed under-represented communities on company boards. Newsom has unt...
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Sep 17, 2020
General counsel diversity progress is mixed, survey finds
There were record numbers of women and members of minority racial and ethnic groups among the ranks of general counsel at the largest US companies last year – but the picture of increasing diversity is not clear-cut, according to a new survey. The Minority Corporate Counsel Association (MCCA) finds that 29 percent of general counsel at Fortune 1000 companies were women last year, compared to just 12 percent in 2004. The 2019 total is an increase of 25 women, or 9....
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Sep 11, 2020
Companies increase board evaluation disclosures, survey finds
Major US companies are increasingly focusing on board and director evaluations and reporting around those efforts, according to a new survey. The study by the EY Center for Board Matters (CBM) of proxy statements filed by Fortune 100 companies finds that almost half (48 percent) this year disclosed that they conducted individual director evaluations in addition to board and committee evaluations, up from 24 percent in 2018 and 39 percent last year. ‘While b...
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Aug 17, 2020
Scientists discover new governance mechanism
Despite decades of academic research, little consensus has emerged as to what factors – and which configuration thereof – lead to an effective corporate governance framework. Now Canadian investigators may have discovered a missing piece of the puzzle. ‘A company’s communications culture has a profound influence on corporate governance,’ says Azadeh Babaghaderi, a PhD candidate at Concordia University and co-author – with Sam Kolahgar and Harjeet Bhabra ...
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