The Public Company Accounting Oversight Board (PCAOB) on June 6 proposed new auditing standards designed to further its ‘investor-protection mandate’. These standards, if adopted, would heighten requirements for auditors to identify, evaluate and communicate regarding a company’s possible or actual non-compliance with laws and regulations.
In proposing the standards, PCAOB chair Erica Williams cited a recent $1 bn class-action settlement regarding alleged misl...
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Norway’s sovereign wealth fund has added its $1.5 tn voice behind a push for bringing together human capital and human rights reporting. In terms of new research areas, Norges Bank Investment Management (NBIM) also suggests the ...
The quality of ESG data remains a major headache for investors as they try to incorporate sustainability issues into their decision-making, according to a new ...
– Reuters (paywall) reported that the European Financial Reporting Advisory Group (EFRAG) and GRI said they have reached a ‘milestone’ toward helping int...
In the latest episode of the Governance Matters podcast, As You Sow president and chief counsel Danielle Fugere addresses ...
Climate-change pressure group Mighty Earth has written to the SEC calling for greater scrutiny of a planned IPO by Brazilian meat company JBS.
The group describes the listing – announced in July and expected to happen by the end of the year – as potentially the ‘biggest climate risk IPO in history’, citing both environmental and governance co...
Ceribell, the developer of a diagnostic system powered by artificial intelligence (AI), has hired Louisa Daniels as its general counsel. In her new role, she leads the company’s legal, governance, compliance and ethics functions.
Daniels was previously chief legal officer, general counsel and chief compliance officer for Recursion Pharmaceuticals, which she helped take public in April 2021. Before her tenure at Recursion, she was a vice president and assistant g...
– The Wall Street Journal (paywall) reported that 3M’s board approved a $6 bn settlement to resolve claims that its earplugs caused hearing loss among veterans. 3M said it would pay $5 bn in cash and $1 bn in stock between 2023 and 2029 to settle the allegations. Veterans allege that 3M and Ae...
Vanguard, like BlackRock, supported fewer ESG-related shareholder proposals during this year’s US ...
Northfield Bank, a wholly owned subsidiary of Northfield Bancorp, has recruited Vickie Tomasello as executive vice president and chief risk officer.
In her new role, Tomasello manages the governance of risk programs and oversees the bank’s compliance, information security, bank secrecy, security, credit administration and risk-management work.
She was most recently chief audit officer for Lakeland Bancorp. According to her LinkedIn profile, she was previous...