The boardroom Archive

Feb 09, 2018
Boardroom diversity: 27 global investors back the 30% Club
Twenty-seven global investors with a total of £10.5 trillion ($14.5 trillion) in assets under management have signed up to a program designed to ensure more women are appointed to senior management roles and to the boards of UK companies in which the asset managers invest. These include the largest pension fund in the world – Japan’s ¥156.8 trillion ($1.4 trillion) Government Pension Investment Fund – alongside JPMorgan Asset Management, Standard Life and Bl...
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Jan 25, 2018
What boards and executives can learn from government crisis management
Although companies don’t often face life or death threats, they do confront situations that require quick and well-managed responses: cyber-hacks of corporate trade secrets, accounting fraud and allegations of sexual misconduct, to name a few. For company leaders facing a crisis, lessons learned from government can serve as both a cautionary tale and a best practice. Today - at a time when the well-being of multinational companies can elevate or depress entire eco...
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Jan 16, 2018
How RBC improved its director onboarding
A key challenge for corporate secretaries is ensuring that boards have the right composition and that directors are ready and able to perform their duties as effectively as possible. Such work is among the reasons why Royal Bank of Canada (RBC) is the recipient of this year’s best overall corporate governance – international award. The onboarding of new directors has become an increasingly important part of promoting board effectiveness, as directors face a grea...
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Jan 12, 2018
The week in GRC: Boards seek more cyber-risk oversight, and NYC plans to divest from fossil fuels
– The Financial Times reported that, according to research conducted by the Institute of Chartered Secretaries and Administrators in conjunction with the FT, four fifths of FTSE 350 corporate secretaries surveyed believe their company’s exposure to cyber-risk is increasing, the same proportion as a year ago. Nine tenths say they are boosting spending to mitigate the risk, bu...
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Jan 11, 2018
How USAA fulfills its governance mission
USAA has a special mission: to ensure the financial wellbeing of millions of current or former members of the US military and their families. It also has a special structure, as a private holding company for a diversified group of financial services firms with members, not shareholders. Although USAA is not obliged to do so, it voluntarily follows many of the corporate governance practices that are required of public companies. These include posting its corporate go...
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Jan 04, 2018
Microsoft’s Seethoff talks executive pay and director tenure
John Seethoff has been described as ‘a giant in the field of corporate governance’ and ‘a strong, thoughtful leader willing to share his expertise with his fellow corporate secretaries.’ He spoke to Corporate Secretary late last year before his retirement about his career and thoughts on the changing role of the governance professional. What do see as having been the biggest challenges you have faced during your time at Microsoft? ...
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Jan 03, 2018
2018 governance agenda: Getting the team right
Director turnover is likely to be a significant focus for governance teams in 2018 – in part because it is wrapped up in issues such as board cohesion, cyber-security and diversity – while ESG proposals and the pay ratio rule are also likely to keep corporate secretaries and general counsel busy, according to industry professionals. When PwC released the results of its annual corporate director survey in October, one result stood out as particularly surprising: ...
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Dec 28, 2017
Diversity takes Canadian governance spotlight
Board diversity is expected to loom large in the minds of Canadian shareholders, board directors and corporate governance teams in the year ahead, with proxy access and new listing disclosure requirements also high on the agenda. A Canadian Securities Administrators (CSA) review – the results of which were issued in September 2016 – finds that progress is being made very slowly in terms of gender diversity on boards. Overall, the percentage of board seats occupi...
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Dec 20, 2017
One board director should be replaced, say almost half of directors
The percentage of directors that are unsatisfied with their fellow board directors is on the rise, with 46 percent saying that one or more of their colleagues should replaced, according to new research from PwC. In past years, around one-third of respondents (between 31 and 39 percent) have said at least one director should be replaced. This year, 16 percent said that two directors should be replaced, while 5 percent said more than two directors should go. Th...
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Dec 18, 2017
EY: Audit committees face key challenges in 2018
Audit committees face a range of testing changes in the new year, ranging from revised revenue reporting and CEO pay disclosure to new regulatory leadership and US tax reforms. ‘As audit committees grapple with challenges and an evolving business landscape, many are seeking guidance to enhance their operating effectiveness to better serve as a strategic asset for the organization,’ according to an end of year review by EY’s Center for Board Matters. The...
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