Recent articles

The week in GRC: Gensler seeks to revise 10b5-1 plan rules and CEOs press governments for climate action

Jun 11, 2021

– The Wall Street Journal reported that Google agreed to pay French regulators a fine of nearly $270 mn, settling one of the first antitrust cases globally alleging that the company abused its leading role in the digital advertising sector. France’s competition authority said it had accepted proposed commitments Goo...

Compliance

SASB and IIRC launch new reporting organization

Jun 09, 2021

Ben Maiden

SASB and IIRC launch new reporting organization

SASB and the International Integrated Reporting Council (IIRC) today launched their new merged organization – the Value Reporting Foundation – as the latest step aimed at developing a comprehensive corporate reporting framework covering global sustainability performance. The foundation intends to help companies and investors through three resources: integrated thinking principles to improve understanding of how value is created in the short, medium and long term...

Appointments

Boston Scientific appoints new general counsel

Jun 09, 2021

Ben Maiden

Boston Scientific appoints new general counsel

Boston Scientific has promoted Vance Brown to become senior vice president, general counsel and corporate secretary as a member of the company’s executive committee. He succeeds Desiree Ralls-Morrison, who became general counsel and corporate secretary at McDonald’s Corporation in April. She had been general counsel and corporate secretary at...

Appointments

Elanco hires new general counsel

Jun 08, 2021

Ben Maiden

NYSE-listed Elanco Animal Health has recruited Marcela Kirberger as general counsel and corporate secretary. Kirberger will join Elanco’s executive committee at the company’s Greenfield, Indiana headquarters on June 22. She is moving to Elanco from Roche Diagnostics where she has been general counsel and corporate secretary in the company’s North American headquarters overseeing legal matters regarding compliance, litigation, legal regulatory risk, privacy, op...

ESG

Group sets 2023 deadline for reporting framework on nature-related risks

Jun 08, 2021

Tim Human

Group sets 2023 deadline for reporting framework on nature-related risks

The Taskforce on Nature-related Financial Disclosures (TNFD) has set a deadline of 2023 for the creation of a new reporting framework to address risks connected to the natural world. The organization, which officially launched last week, has also announced the appointment of two co-chairs: David Craig, CEO of Refinitiv, and Elizabeth Maruma Mrema, executive secretary of the UN Convention on Biological Diversity. In recent years, investors and regulators have ...

Appointments

Boeing general counsel to join Activision Blizzard

Jun 07, 2021

Ben Maiden

Boeing general counsel to join Activision Blizzard

Activision Blizzard has announced in an SEC filing that Grant Dixton will be joining the company as its chief legal officer (CLO) from The Boeing Company, where he is senior vice president, general counsel and corporate secretary and a member of the executive council. Dixton will succeed Chris Walther, who is retiring as Activision Blizzard’s CLO on June 14. ...

Compliance

The week in GRC: SEC to review proxy adviser stance and more companies link exec pay to diversity goals

Jun 04, 2021

Ben Maiden

The week in GRC: SEC to review proxy adviser stance and more companies link exec pay to diversity goals

– The Wall Street Journal reported that Amazon is bucking the trend of companies requiring arbitration in disputes with customers and employees. The company recently changed its terms of service to allow customers to file lawsuits. Amazon’s decision to drop its arbitration requirement is an example of how com...

Shareholders

Issuers exploring ‘other avenues’ of communication in activism defense, advisers say

Jun 04, 2021

Ben Ashwell

Issuers exploring ‘other avenues’ of communication in activism defense, advisers say

As activist activity shows signs of picking up relative to last year, there’s scope for issuers to learn lessons from the forced adoption of one-to-many digital communications, advisers say. In 2020, shareholder activists pulled back from planned campaigns, with the fewest number of campaigns waged against public companies since 2015, according to data from Activist Insight. But that pent-up energy has been put toward campaigns this season, advisers say....

Shareholders

Amazon sees significant support for racial equity audit proposal

Jun 03, 2021

Ben Maiden

Amazon sees significant support for racial equity audit proposal

Amazon has joined the ranks of companies whose shareholders this proxy season have given significant – though not majority – support for proposals regarding diversity, equity and inclusion (DEI). At Amazon’s AGM on May 26, 44 percent of the votes cast supported a request that the company’s board commission ‘a racial equity audit analyzing Amazon’s i...

Appointments

WWE names general counsel

Jun 03, 2021

Ben Maiden

NYSE-listed wrestling media company WWE has hired Samira Shah as general counsel and corporate secretary. In her new role, Shah’s areas of responsibility include corporate governance, compliance, litigation, intellectual property, government relations, risk management and talent contracts. She was most recently general counsel and corporate secretary at Moda Operandi, advising the company and board on all legal matters. Before working at Moda Operandi, she ...

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