The boardroom Archive

Apr 18, 2018
HomeStreet secures court win in proxy tussle
US financial services firm HomeStreet has won court backing in its efforts to stop a hedge fund firm putting its own director candidates on the ballot ahead of HomeStreet’s AGM next month. Roaring Blue Lion Capital has been seeking to place two candidates before shareholders for potential inclusion on HomeStreet’s board, a move the company has rejected. In a statement issued in March, HomeStreet said Blue Lion Capital’s notice of proposals and nominations for ...
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Mar 02, 2018
The week in GRC: JPMorgan’s Dimon criticizes AGMs, and GE to revamp board
– The Financial Times reported that, according to Bain & Co, private equity firms are buying public companies at the fastest rate since before the financial crisis, with deals totaling $180 billion last year – almost double the level of 2016. The increase in deal-making is the largest since 2007 and comes as the sector is under pressure to deploy record sums of cash, analysts say...
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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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