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Technology & social media

Boards lagging on cyber-security expertise, study finds

Sep 25, 2023
Noemi Distefano
Boards lagging on cyber-security expertise, study finds
The number of directors with cyber-security expertise at S&P 500 companies remains low, with only 12 percent of firms having a cyber-security expert on their board, according to new research from the latest Diligent and NightDragon State of Board of Directors Cyber Awareness Report. The research finds that an additional 31 percent of these companies have some level of technology expertise on their boards, but there is a gap in cyber-specific education and expert...
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Careers

US Foods hires Medtronic attorney as new general counsel

Sep 20, 2023
Ben Maiden
US Foods hires Medtronic attorney as new general counsel
US Foods Holding Corp has hired Martha Ha as executive vice president and general counsel, effective September 25. She will report to CEO Dave Flitman. In her new role, Ha will be responsible for the company’s legal, food safety, risk management, corporate secretary, CSR and ethics & compliance functions. Ha is joining US Foods having previously been vice president and chief counsel for corporate governance (including sustainability, insurance and aviat...
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Careers

Regions Bank appoints senior compliance and risk officials

Sep 19, 2023
Ben Maiden
Regions Bank appoints senior compliance and risk officials
Regions Bank has made two senior appointments to its compliance and risk-management operations. Anna Brackin has been named as the company’s new chief compliance officer (CCO), a role in which she now has particular focus on areas such as Regions’ foundation of compliance programs, maintaining a prudent regulatory risk framework and helping protect the bank and its customers from financial loss or harm. She took on the role as CCO following the recent ret...
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Careers

Tanger Outlets recruits general counsel

Sep 18, 2023
Ben Maiden
Tanger Outlets recruits general counsel
NYSE-listed Tanger Outlets has recruited Jessica Norman as executive vice president, general counsel and secretary. In her new role, Norman heads up Tanger’s legal organization, which includes its corporate governance and compliance teams. She reports to president and CEO Stephen Yalof. Norman most recently was chief legal officer of Independence Realty Trust (IRT), a publicly traded real estate investment trust that owns and operates multi-family apartment...
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Careers

AIG promotes general counsel Lucy Fato

Sep 15, 2023
Ben Maiden
AIG promotes general counsel Lucy Fato
American International Group (AIG) is promoting Lucy Fato, executive vice president, general counsel and global head of communications and government affairs, to the newly created position of vice chair, effective October 1. In her new role, Fato will report to AIG chair and CEO Peter Zaffino. Rose Marie Glazer, executive vice president and chief human resources and diversity officer, will serve as interim general counsel and head of government affairs and Jennifer ...
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ESG

The week in GRC: Norway’s SWF tells boards to plan for climate transition and SEC’s Gensler declines to give timeline on climate risk rule

Sep 15, 2023
Ben Maiden
The week in GRC: Norway’s SWF tells boards to plan for climate transition and SEC’s Gensler declines to give timeline on climate risk rule
– The Financial Times (paywall) reported that a group of more than 70 attorneys and academics criticized what they call an ‘extraordinary’ omission from a proposed overhaul of the UK’s Corporate Governance Code, saying an opportunity to formalize the role of general counsel has been missed. The Financial Reporting C...
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Boardroom

Shareholder activism: Utilities most vulnerable as regional bank risks wane

Sep 14, 2023
Garnet Roach
Shareholder activism: Utilities most vulnerable as regional bank risks wane
When Silicon Valley Bank failed in March, it triggered the ‘most challenging period in more than a decade’ for financial institutions, with the very viability of the regional banking model being called into question, according to a new report. At the same time, activist campaigns targeting financial institutions increased by more than 60 percent year-on-year during the first half of 2023. But as it publishes its latest activism vulnerability report, FTI Consulti...
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