Recent articles

The week in GRC: SEC creates ESG enforcement task force and Capital Group calls for workforce diversity data

Mar 05, 2021

– The Wall Street Journal reported that ExxonMobil added Michael Angelakis and Jeffrey Ubben to its board after the company faced pressure from a pair of activist investors. Angelakis is the chair and CEO of private equity firm Atairos. Ubben is co-founder of Inclusive Capital Partners, an investment firm focused on p...

ESG

The evolving environment for ESG reporting in Canada

Mar 04, 2021

Sophie Langlois

Stephen Erlichman

The evolving environment for ESG reporting in Canada

ESG considerations are playing an increasingly important role across Canadian companies’ functions. This includes at the board level where directors are tasked with overseeing ESG-related risks and opportunities, or at the operational level where management is dealing with matters such as supply chain management. As a result, ESG disclosure – whether mandatory or voluntary – by Canadian public companies ...

ESG

Nasdaq reviews feedback and proposes changes to board diversity plan

Mar 04, 2021

Ben Maiden

Nasdaq reviews feedback and proposes changes to board diversity plan

Nasdaq has responded to the many comments on its board diversity proposal, including making some tweaks to the plan. Nasdaq in December filed a proposal with the SEC to adopt new listing rules that would require companies to have – or explain why they do not have – at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an under-represented minority or LGBTQ+. Listed companies would also have to disclose ...

Technology & social media

Opinion: How virtual shareholder meetings minimize environmental impact

Mar 04, 2021

Cathy Conlon

Opinion: How virtual shareholder meetings minimize environmental impact

In the wake of pandemic disruption, more issuers than ever held virtual shareholder meetings (VSMs) in 2020. Taking advantage of the latest technologies, companies found that VSMs can maximize convenience and create a rewarding shareholder experience. The cost savings were a great perk, too. But there’s another side of the story we don’t usually talk about: VSMs generate significantly lower carbon emissions than in-person meetings. This is especially importan...

ESG

Senators eye diversity, climate and political spending at Gensler hearing

Mar 03, 2021

Ben Maiden

Senators eye diversity, climate and political spending at Gensler hearing

Disagreements between Democrats and Republicans over the SEC’s role in addressing matters such as climate change, political spending and diversity were highlighted at a congressional hearing on Tuesday. Members of the Senate Banking Committee gathered virtually to question Gary Gensler and Rohit Chopra as President Joe Biden’s picks to lead the SEC and Consumer Financial Protection Bureau, respectively. Among other things, discussion returned multiple times to m...

Appointments

Post-IPO Apria hires general counsel

Mar 02, 2021

Ben Maiden

Nasdaq-listed Apria has hired Michael-Bryant Hicks as executive vice president, general counsel and corporate secretary. He is based in Apria’s Indianapolis headquarters. Before joining home healthcare equipment provider Apria, Hicks worked at Elanco Animal Health as executive vice president, general counsel and corporate secretary. Prior to that he held general counsel positions at Mallinckrodt Pharmaceuticals and the Providence Service Corporation. Hicks�...

Appointments

Metromile hires general counsel

Mar 01, 2021

Ben Maiden

Newly public Metromile has hired Junna Ro as general counsel. Ro joins Metromile having spent more than 15 years with CSAA Insurance Group, a AAA insurer and a major personal lines property and casualty insurance group. At CSAA, she was vice president, chief ethics and compliance officer and associate general counsel with responsibility for the corporate compliance and ethics, privacy, product forms and employment law functions. She was previously corporate c...

ESG

The week in GRC: US banks face climate stress tests and Norway SWF eyes corporate audit quality

Feb 26, 2021

Ben Maiden

The week in GRC: US banks face climate stress tests and Norway SWF eyes corporate audit quality

– The Wall Street Journal reported that, according to people familiar with the matter, a group of activist investors has taken a big stake in Kohl’s and is trying to take control of the company’s board. The group controls a combined 9.5 percent stake in the department-store chain and earlier this year nominated...

ESG

SEC’s Lee puts climate disclosure on the agenda

Feb 26, 2021

Ben Maiden

SEC’s Lee puts climate disclosure on the agenda

Acting SEC chair Allison Herren Lee has taken action on corporate reporting around climate change. Lee on Wednesday issued a statement announcing that she has directed the division of corporation finance to ‘enhance its focus on climate-related disclosure in public company filings,’ noting that the SEC in February 2010 issued guidance on existing disclosure requirements as they apply to climate chan...

ESG

The ESG Integration Forum: An opportunity to level-set

Feb 25, 2021

Marie-Josée Privyk

The ESG Integration Forum: An opportunity to level-set

SPONSORED CONTENT While it may seem we have been on the cusp of mainstream integration of sustainability – or ESG issues – for many years now, perhaps 2020 was the year it actually happened. Indeed, so much is happening at so many levels, from the identification of global systemic risks that ...

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