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The week in GRC: IPO boards said to undermine diversity push, and in-house lawyers expect climate-related legal risks

Aug 16, 2019
Ben Maiden
The week in GRC: IPO boards said to undermine diversity push, and in-house lawyers expect climate-related legal risks
– The Wall Street Journal reported that Rite Aid appointed Heyward Donigan as CEO, saying her experience leading healthcare companies would help the pharmacy company. Donigan was previously CEO of Sapphire Digital, a website for analyzing healthcare plans previously known as Vitals. At Rite Aid, she is one of roughly 34 women leadin...
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The boardroom

SEC’s Peirce raises concerns over board diversity push

Jul 11, 2019
Ben Maiden
SEC’s Peirce raises concerns over board diversity push
Amid growing investor and government pressure for boards to increase levels of female participation, SEC commissioner Hester Peirce has raised concerns that the movement may have downsides due to effects such as cost and signaling. In a speech to the Society for Corporate Governance’s recent national conference, Peirce acknowledged that boards taking a creative approach to filling holes are likely to look in new areas, and as a result are likely to increasingly re...
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Active managers ‘overwhelmingly’ back shareholder activism, study finds

Jul 09, 2019
Garnet Roach
Active managers ‘overwhelmingly’ back shareholder activism, study finds
Almost nine in 10 active managers (87 percent) say shareholder activism is a useful force in the market, according to a new study from SquareWell Partners. The survey takes in the views of active asset managers with roughly $10.4 trillion in assets under management. Of the many goals set out by shareholder activists, board-related, governance-focused activism is most likely to garner support from active asset managers, at 79 percent. This drops down to just 5...
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Canadian activism seen as ongoing despite slowdown

Jun 12, 2019
Ben Maiden
Canadian activism seen as ongoing despite slowdown
Industry advisers say activist investing in Canada is very much still on the agenda despite a drop-off from last year’s mini boom, a new report finds. A record 75 Canada-based companies faced public activist campaigns in 2018, according to Activist Insight Online research. That number is up sharply from the 56 subjected to public demands the year before though up more modestly from the total of 70 and 66 in 2015 and 2016, respectively. Similarly, there were a reco...
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The boardroom

ESG & Investor Engagement report now available

Jun 10, 2019
Staff writers
ESG & Investor Engagement report now available
The latest report from Corporate Secretary is an analysis of how corporate professionals and investors engage on ESG issues. Based on the responses of more than 100 corporate governance professionals, more than 150 members of the investment community and around 200 IR professionals, the report breaks down the data by region, market cap size and sector. This report investigates how companies report on ESG matters and what ESG-related interactions do they have with in...
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The boardroom

Planned and forced CEO exits increase, study finds

May 24, 2019
Ben Maiden
Planned and forced CEO exits increase, study finds
The turnover rate for CEOs rose globally last year, driven by increases in both planned and forced exits – notably for ethical problems – according to new research by Strategy&​, PwC’s strategy consulting business. In total, 17.5 percent of CEOs at the world’s largest 2,500 companies stepped down in 2018, up from 14.5 percent the year before and a record-setting rate for the survey, which goes back 19 years. The three components of this headline rate a...
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