Technology & social media Archive

Aug 05, 2020
First time’s a charm: Chevron’s first virtual annual meeting
Chevron decided to hold a virtual shareholder meeting this year. Had you held one before? This was our first virtual shareholder meeting. We had discussed it in the past and had always decided against it. You filed your proxy statement in early April, and announced the potential for a virtual meeting, which you confirmed in mid-April. What preparation was required? As we approached the date of filing our proxy, it was ...
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May 29, 2020
How to prepare for a contested virtual AGM
The 2020 proxy season has been anything but routine, with the Covid-19 pandemic and the resulting state shelter-in-place orders requiring many companies to make the shift from physical to virtual AGMs, as well as state corporate laws being amended to allow these virtual meetings to occur. But we had not seen a virtual annual meeting used in a proxy contest until April 30, 2020, when shareholders of TEGNA participated in the first election contest conducted at a virt...
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Apr 28, 2020
How to pull off your virtual earnings call
As a corporate earnings season unlike any other gets under way, management teams are grappling with how to discuss their first-quarter results or their financial path forward; around 500 companies have already withdrawn their 2020 guidance and many more are likely to do so. Nevertheless, in these uncertain times, it is more critical than ever for company management to speak to investors with crisp, transparent messaging. We’ve already written about how companies c...
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Apr 20, 2020
Covid-19 said to drive ‘step change’ in corporate access
Covid-19 is driving a major change in attitudes toward virtual meetings and will have a lasting impact on the corporate access industry, according to panelists on a recent webinar hosted by Corporate Secretary sister publication IR Magazine and OpenExchange. Companies and investors have rapidly shifted to virtual meetings to maintain contact during stay-at-home restrictions put in place around the world. In a sign of the change in behavior, OpenExchange, a ...
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Jan 27, 2020
Salesforce.com’s creative use of in-house tools aids governance
Our judges’ comments on Salesforce’s use of technology in the governance space range from the impressed – ‘outstanding’ and ‘transformative’ – to the envious: ‘I wish I’d had those tools when I was a corporate secretary.’ From the second half of 2018 into 2019, Salesforce’s corporate, securities and governance (CSG) team, led by Scott Siamas, vice president and associate general counsel for corporate, securities and global governance, found w...
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Jan 23, 2020
How VF Corporation crunches the numbers on compliance
VF Corporation is in the creative business of clothing, with a portfolio of brands including Vans, The North Face and Timberland, and its approach to compliance and ethics is imaginative. For example, the team has been working with VF’s data analytics people to create models that use historical data and demographics to enable the company to concentrate its resources on high-risk areas and create bespoke training and compliance efforts. Global operations manager fo...
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Jul 30, 2019
Preparing insurers for Connecticut’s new data security law
Connecticut Governor Ned Lamont on June 26 signed into law the state’s new Insurance Data Security Law (IDSL), implementing a new regime of information risk management and event-reporting requirements for insurance licensees. When effective, the IDSL will affect the operations of all carriers, producers and other businesses licensed by the Connecticut Insurance Department (CID) but the impact will vary depending on an entity’s size, sophistication, volume of non...
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Jul 08, 2019
Forum urges investors to push for cyber-security
The World Economic Forum in a new report is calling for investors to press companies to prioritize cyber-security – and is proposing a framework for them to aid those efforts. Cyber-attacks have almost doubled in the past five years, undermining confidence in some companies and driving demand for more secure digital products. Attacks can cause major losses to investors by driving down company valuations. Investors providing capital to start-ups and small an...
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Jun 27, 2019
Many directors lack confidence on tech disruption, survey finds
A new study reveals widespread uncertainty among board members about their ability to cope with emerging technologies – highlighting the need to ensure directors are kept up to date on industry developments. Almost half (48 percent) of directors polled lack confidence that their board has the necessary resources to move the company forward in an era of ‘digital disruption,’ according to a survey by the EY Center for Board Matters (EY CBM) and Corporate Board M...
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