Boardroom Archive

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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Oct 23, 2020
Helping Canadian boards amid Covid-19 and the challenges ahead
More than 100 governance professionals gathered online last Thursday for the Corporate Secretary Forum – Canada to discuss how general counsel, corporate secretaries and boards have responded to the Covid-19 pandemic to tackle the challenges it raises, the lessons they have learned – and what that means for governance teams going into 2021. In the governance world, as elsewhere, the crisis has brought the wellbeing, treatment and importance of people to the fore...
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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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Aug 11, 2020
How Regions Financial is navigating to a ‘new normal’
Regions held its first virtual AGM this year due to the pandemic. How did you prepare for that? Planning for the unexpected and being proactive are key components of good governance. A few years ago we amended our bylaws to allow for a virtual meeting in case there was an emergency or other disruption. Then toward the end of January we started hearing a lot about the pandemic and started considering the need for a virtual meeting, so we put continge...
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