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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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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Jan 28, 2019
Integrating tech into HP’s governance work
Integration has been a core theme over the past year for HP’s corporate securities international (CSI) team, which has been involved with the integration of Samsung’s printer business and has combined the separate US and non-US CSI units into a single team to tackle global governance and legal needs. The team reports to Katie Colendich, assistant general counsel, and Ruairidh Ross, deputy general counsel and assistant corporate secretary. In praising HP’s use ...
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Jan 24, 2019
Westpac compliance and legal set sights on 2020
Westpac group secretariat, which is part of the Australian bank’s compliance, legal and secretariat (CLS) division, has set itself a tough challenge in implementing the CLS 2020 project. This includes focusing on the following strategic objectives: creating the ‘workforce of the future,’ enhancing operational excellence, innovating through technology and data, delivering trusted advice and independent governance, and supporting the group to deliver its growth strateg...
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