Recent articles

The week in GRC: Schumer announces Senate plan for regulating AI and FTC sues Amazon

Jun 23, 2023

– CNBC reported that President Joe Biden was due to meet with artificial intelligence (AI) experts in San Francisco as the US government looks at how best to regulate the technology. Many in Washington, DC are seeking to learn more about AI’s risks and benefits for society so they don’t repeat the mistakes around lack of e...

ESG

How legal pushbacks are targeting ESG investing in 2023

Jun 22, 2023

Elizabeth Goldberg, Erin Martin and Pamela Wu

How legal pushbacks are targeting ESG investing in 2023

Many companies have found themselves between a rock and a hard place this year with respect to ESG amid competing forces of restrictive legislation, antitrust inquiries and class-action lawsuits. As we approach the year’s midway point, here are five trends in ESG that have dominated the space so far in 2023. Proxy season: More shareholder proposals but support falls As the 2023 proxy season approaches its conclusion, a...

Shareholders & activism

Anti-ESG funds see inflows slow, Morningstar finds

Jun 21, 2023

Tim Human

Anti-ESG funds see inflows slow, Morningstar finds

The level of inflows to anti-ESG funds, which explicitly oppose investing along ESG-based principles, has slowed significantly since spiking last year, according to a report from Morningstar. In the third quarter of 2022, inflows to these funds hit $375 mn – five times greater than the previous record, the study notes. But in...

Regulatory & compliance

Corporate inaction on biodiversity must be addressed, report says

Jun 20, 2023

Tim Human

Corporate inaction on biodiversity must be addressed, report says

Governments and companies must do more to encourage investments that protect against biodiversity loss, according to a new report from Impax Asset Management and Imperial College London. The study looks at why companies...

Regulatory & compliance

SEC's pending climate disclosure rule: Implications for corporate secretaries and IROs

Jun 16, 2023

Steve Smykal

SEC's pending climate disclosure rule: Implications for corporate secretaries and IROs

As the global focus on climate change intensifies, regulatory bodies are actively working to enhance climate-related disclosures in corporate reporting. A crucial step in this direction is the pending climate disclosure rule introduced by the SEC. Let’s delve into the implications of this rule for corporate secretaries and IROs, who play pivotal roles in ensuring effective communication and compliance within their organizations. Understanding the SEC's pen...

Technology & social media

The week in GRC: ESG mentions in earnings calls have declined and EU lawmakers back tougher AI rules

Jun 16, 2023

Ben Maiden

The week in GRC: ESG mentions in earnings calls have declined and EU lawmakers back tougher AI rules

– The Guardian reported that the conservative backlash against US brands seems to have reached new heights over the last few weeks as companies show their support for Pride month and other LGBTQ+ issues. It is part of a broader reaction against corporate involvement in social, environmental or political is...

ESG

ESG topics in proxy statements continue to ascend

Jun 16, 2023

Nick Mazing

ESG topics in proxy statements continue to ascend

With very few shareholder vote surprises this proxy season, we looked at the longer term proxy trends to assess what kinds of topics are generating increased attention by US corporate boards. Unlike conference call transcripts - where we have seen a general decline in ESG topics - proxy statements mentioning a wide range ...

Careers

LTSE hires general counsel for services unit

Jun 15, 2023

Ben Maiden

LTSE hires general counsel for services unit

LTSE Group, owner of the Long-Term Stock Exchange (LTSE), has hired Lisa Young as general counsel of its LTSE Services business, effective June 5. Young most recently was general counsel with LendingTree. Before that she was general counsel at Axiom Global and Enova International. Earlier in her career she was assistant general counsel at JPMorgan Chase. Her experience includes advising and scaling high-growth companies and returning value to shareholders through or...

Boardroom

New categories announced for Corporate Governance Awards 2023

Jun 14, 2023

Ben Maiden

New categories announced for Corporate Governance Awards 2023

Corporate Secretary has announced three new categories for its 2023 Corporate Governance Awards, with nominations due by July 21. The new awards will recognize the work of governance professionals in board assessments and director training and education. A special category will honor outstanding work by an independent director. The 16th Corporate Governance Award...

Careers

Rite Aid appoints legal chief

Jun 13, 2023

Ben Maiden

NYSE-listed Rite Aid has hired Thomas Sabatino as executive vice president and chief legal officer (CLO). In his new role, Sabatino oversees the pharmacy chain’s legal affairs, including enterprise risk management, compliance, regulatory affairs and privacy issues. He reports to Busy Burr, interim CEO of Rite Aid, and is a member of the company's executive leadership team. Sabatino most recently was executive vice president and general counsel at Tenneco. A...

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