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Compliance

The week in GRC: Companies face vaccine mandate questions and SEC’s Gensler outlines agenda

Sep 17, 2021
Ben Maiden
The week in GRC: Companies face vaccine mandate questions and SEC’s Gensler outlines agenda
– CNN reported that Senator Elizabeth Warren, D-Massachusetts, called for the Federal Reserve to break up Wells Fargo following years of scandal at the bank. ‘Every single day that Wells Fargo continues to maintain these depository accounts is a day that millions of customers remain at risk of additional negligence and willful fraud,’ Warren wrote in a letter sent to Federa...
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Appointments

Bank of America reveals general counsel succession plan

Sep 17, 2021
Ben Maiden
Bank of America reveals general counsel succession plan
Lauren Mogensen will become global general counsel for Bank of America at the end of the year, succeeding David Leitch, who is retiring in 2022. Mogensen will take up the global general counsel role after being global compliance and operational risk executive for the bank. In that role she is responsible for overseeing the strategy and governance of Bank of America’s compliance and operational risk programs, and also enterprise-wide compliance and operational risk...
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Appointments

Analog Devices hires CLO

Sep 16, 2021
Ben Maiden
Analog Devices hires CLO
Wilmington, Massachusetts-based Analog Devices (ADI) has hired Janene Asgeirsson as the company’s new senior vice president, chief legal officer (CLO) and corporate secretary. In her new role, Asgeirsson oversees ADI’s legal matters, including corporate governance, M&A, litigation, intellectual property and compliance. As chief risk officer, she is also responsible for the company’s internal audit and risk functions. Asgeirsson most recently worked ...
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Shareholders

Huge investor coalition urges governments to accelerate climate action

Sep 15, 2021
Tim Human
Huge investor coalition urges governments to accelerate climate action
A huge investor coalition has called on national governments to accelerate policy changes that will support investment in climate change solutions. A group of 587 investment firms with a collective $46 tn in assets under management yesterday issued a statement urging governments to take a range of actions, from strengthening emissions targets to mandating climate reporting and ending fossil fuel subsidies. Signatories to the ...
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ESG

S&P Global raises concerns over greenwashing

Sep 14, 2021
Maria Ward-Brennan
S&P Global raises concerns over greenwashing
Global reporting standardization could help mitigate investor concerns about ESG greenwashing in relation to green bonds, according to S&P Global.  The financial information provider believes sustainable bond issuance, including green, social, sustainability and sustainability-linked bonds, could collectively exceed $1 tn in 2021, a near 500 percent increase on 2018 figures.  Despite this growth, a lack of transparency around instrument labeling, report...
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Appointments

Clothing company Express hires legal chief

Sep 13, 2021
Ben Maiden
Clothing company Express hires legal chief
Columbus, Ohio-based fashion retailer Express has hired Laurel Krueger as senior vice president, chief legal officer and corporate secretary. According to her LinkedIn profile, Krueger was most recently executive vice president, general counsel and corporate secretary at clothing company Kontoor Brands, a role she took up in January 2019. Kontoor was spun off from VF Corporation in May 2019. Before her time with Kontoor, Krueger spent almost seven years at Si...
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Technology & social media

CEOs say cyber-attacks are biggest threat to company growth prospects

Sep 09, 2021
Maria Ward-Brennan
CEOs say cyber-attacks are biggest threat to company growth prospects
Cyber-threats have fast become a major source of anxiety for nearly half (47 percent) of global CEOs, according to a new survey from PwC. This figure is a jump from last year’s survey where one third (33 percent) of global CEOs cited cyber-threats as a concern. The fear is greatest among CEOs of companies in North America, where more than two thirds (69 percent) cite cyber as the largest threat to their organization’s growth – a 19 percentage-point increase on...
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Appointments

Marsh McLennan names new CCO

Sep 09, 2021
Ben Maiden
Marsh McLennan names new CCO
Marsh McLennan has promoted Denise Sanchez to become the company’s new chief compliance officer (CCO), effective September 7. Sanchez succeeds Katherine Brennan, who was CCO and also deputy general counsel and corporate secretary for Marsh McLennan for four years before being appointed general counsel of Marsh in June. In her ne...
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