Recent articles

May 05, 2023
SEC to require expanded disclosure of buyback programs
The SEC has adopted new rules that will force companies to disclose more information about share-buyback activity following a year in which corporates spent record amounts repurchasing their own stock. The changes, adopted by the this week in a 3-2 vote, mean companies will need to report information such as daily repurchase activity, whether directors traded close to announcements and the thinking behind buyback programs. The move significantly increases the...
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May 05, 2023
ISSB seeks input on priorities for 2023-2025
The International Sustainability Standards Board (ISSB) has opened a six-month consultation asking shareholders to provide feedback on its priorities for the next two years.  In a statement, the body says that based on research conducted on investors’ needs, it has identified three sustainability-related research projects and one on researching integration reporting. ...
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May 05, 2023
Governance Matters: The future of AI for lawyers and ISS founder Robert Monks talks executive pay
‘The role of lawyers is going to narrow, and the future role of lawyers will be to apply judgment, creativity and empathy – emotional intelligence – to the questions and projects clients give them,’ says Anthony Davis, of counsel with Clyde & Co, giving his verdict on the impact of artificial intelligence (AI). ‘I think it’s going to have a profound and huge effect’ on law firms, he tells Corporate Secretary editor-at-large Ben Maiden in the latest...
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May 04, 2023
Lawyers highlight pros and cons of AI
Attorneys speaking at the Corporate Secretary Forum – Summer in New York last week pointed to some of the potential benefits and dangers involved with the use of artificial intelligence (AI) by both in-house legal teams and law firms. ‘It’s important to welcome the technology because it could make our lives more efficient,’ Francesca Don Angelo, deput...
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May 03, 2023
Almost third of votes back climate proposal at Goldman Sachs
A shareholder proposal seeking information about Goldman Sachs’ plans to shift away from greenhouse gas (GHG) emissions in areas where it is providing finance garnered almost a third of the votes cast at the bank’s AGM on April 26. According to an SEC filing, the resolution was backed by 30 percent of votes placed, a level of support generally regarded as significant among corporate governance experts. The vote comes as shareholder advocates and shareholders inc...
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May 02, 2023
CEO pay at large caps grows despite turbulent year
Pay increases for CEOs at large-cap companies grew at a slower rate of 3.1 percent between the 2022 and 2023 proxy filing periods, compared with growth of 13.2 percent the previous year, according to ISS Corporate Solutions. The firm, which examined 337 large-cap company proxy statements between October 1, 2022 and April 18, 2023, finds median pay for CEOs at S&P 500 companies stood at $14.3 mn over the period. Bonus and annual incentive payouts during th...
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Apr 28, 2023
Takeaways from the Corporate Secretary Forum – Summer
Governance professionals gathered at the Corporate Secretary Forum – Summer in New York earlier this week. Discussions and interactions among panelists and attendees included how the proxy season is shaping up, assessing the impact of new SEC rules on executive compensation and staying in touch with your shareholder base, as well as shareholder activism, the unive...
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Apr 27, 2023
Top issues the board and C-suite seek IR advice on
More than 45 percent of investor relations (IR) professionals globally say messaging in 2022 was the most pressing issue their company’s board, CEO and CFO sought their advice on. The other top two issues executives turned to IR for are insights on investor and market sentiment (40 percent) and shareholder targeting and engagement (23 percent). This is according...
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