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The Toro Company names new general counsel

Jun 13, 2023

Joanna Totsky is joining The Toro Company (TTC) as vice president, general counsel and corporate secretary, effective June 19. Totsky is moving to TTC from Cooper-Standard Holdings, which supplies automotive and industrial companies, where she most recently was senior vice president, chief legal and transformation officer and corporate secretary. She has been a member of the leadership team at Cooper-Standard Holdings, with involvement in key strategic and operation...

Enforcement

The week in GRC: EU eyes ESG rating agencies and DoJ creates corporate crime database

Jun 09, 2023

Ben Maiden

The week in GRC: EU eyes ESG rating agencies and DoJ creates corporate crime database

– Bloomberg (paywall) said the world’s biggest climate-finance alliance launched a consultation on its guidance for financial institutions and others working to speed up the phasing out of coal power in Asia. Most big financial institutions have restrictions – if not outright prohibitions �...

Careers

Univar Solutions recruits new general counsel

Jun 08, 2023

Ben Maiden

Univar Solutions recruits new general counsel

Chemical company Univar Solutions has appointed Alexandra Colin as general counsel, effective July 1. In her new role, Colin will also lead global compliance and enterprise risk management programs for the company. She is joining Univar Solutions having previously been associate general counsel for personal care in North America for the Kimberly-Clark Corporation. Her earlier experience includes holding associate general counsel positions at Baxter Healthcare Corpor...

Shareholders & activism

Lobbying proposal attracts strong support at McDonald’s AGM

Jun 07, 2023

Ben Maiden

Lobbying proposal attracts strong support at McDonald’s AGM

Shareholders narrowly missed approving a proposal on McDonald’s lobbying activities at the company’s recent AGM amid a continued focus on US companies’ political involvement. The proposal, filed by the SOC Investment Group, asked for an annual report disclosing: The McDonald’s policy and procedures governing direct and indirect lobbying and grassroots lobbying communications Payments made by the company used for direct or indirect lobby...

Shareholders & activism

Dollar General shareholders call for worker safety audit

Jun 06, 2023

Ben Maiden

Dollar General shareholders call for worker safety audit

Shareholders in Dollar General have backed a proposal on the safety of the company’s employees. According to an SEC filing, 67.7 percent of the votes cast at Dollar General’s AGM on May 31 were in favor of the resolution, which asks the company’s board to commission an independent third-party audit on the im...

Careers

UGI finds next general counsel

Jun 06, 2023

Ben Maiden

UGI Corporation has hired Kathleen Shea Ballay as general counsel and chief legal officer, effective June 12. She will succeed Monica Gaudiosi, who is retiring as UGI’s vice president, general counsel and corporate secretary. Gaudiosi will remain with the company until mid-July to help with the transition. Shea Ballay most recently was general counsel, secretary and chief compliance officer at Lotus Midstream, an independent energy company focused on develo...

Technology & social media

Amazon to take lead in generative AI, CEO tells investors

Jun 05, 2023

Hemma Visavadia

Amazon to take lead in generative AI, CEO tells investors

Amazon expects to be the next leader in generative artificial intelligence (AI), according to CEO Andy Jassy. Speaking to shareholders at the firm’s virtual AGM on May 24, Jassy told investors the company is at the very early stages of using generative AI and expects it to offer ‘high potential’ to both customers and the business. Over the last nine months there had been a new inflection point for generative AI within Amazon, Jassy remarked. ‘It’s still ve...

Technology & social media

Governance Matters podcast: How HPE’s legal team uses virtual reality, and working with IR on stewardship engagement

Jun 02, 2023

Ben Maiden

Governance Matters podcast: How HPE’s legal team uses virtual reality, and working with IR on stewardship engagement

Virtual reality (VR) has yet to become a commonplace tool for in-house legal and governance teams, but Hewlett Packard Enterprise (HPE) is taking the opening steps in what could well be an exciting journey. ‘We find that VR offers this immense opportunity to eliminate what we call distance bias,’ Kyle Frankeny, senior counsel with HPE, tells Corporate Secretary in the latest episode of the ...

Technology & social media

The week in GRC: CDP urges high emitters to disclose environmental data and tech executives warn of AI threat to humanity

Jun 02, 2023

Ben Maiden

The week in GRC: CDP urges high emitters to disclose environmental data and tech executives warn of AI threat to humanity

– The Wall Street Journal (paywall) reported that technology company executives and artificial-intelligence (AI) scientists warned in a joint statement that AI poses an extinction risk as great as pandemics and nuclear war. More than 350 people signed a statement released by the...

Shareholders & activism

Plastics proposal gains support at owner of KFC and Pizza Hut

Jun 01, 2023

Ben Maiden

Plastics proposal gains support at owner of KFC and Pizza Hut

More than a third of votes at the recent AGM of Yum! Brands – whose portfolio includes KFC, Pizza Hut and Taco Bell – supported a shareholder proposal seeking a report on efforts to reduce plastics use. According to an SEC filing, 36.9 percent of votes cast at the May 18 meeting backed a proposal filed by As You Sow asking that Yum! Brands’ board issue a report ‘describing how the company will reduce its plastics use by shifting away from single-use packagin...

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