Shareholders & activismThe week in GRC: Google, Microsoft form AI safety standards group and Goodyear reaches agreement with Elliott Jul 28, 2023Ben Maiden–Four leading artificial intelligence (AI) companies launched a new industry group to identify best safety practices and promote the...Read more
Regulatory & complianceThe week in GRC: Activist investor criticizes BlackRock CEO Fink and SEC reopens comment period on stock buyback proposal Dec 09, 2022Ben Maiden– The Wall Street Journal (paywall) reported that restaurant and trade groups said they have submitted enough voter signatures for a...Read more
EnforcementThe week in GRC: SEC’s Gensler defends climate proposal and DoJ targets executive pay in corporate prosecutions Sep 16, 2022Ben Maiden– Reuters reported that Zendesk investor Light Street Capital Management reaffirmed its decision to vote against the software company’...Read more
Regulatory & complianceThe week in GRC: SEC appoints chief enforcer and House committee passes diversity legislation Apr 23, 2021Ben Maiden– The Wall Street Journal reported that the UK government said it would probe Nvidia’s $40 bn deal to buy UK chip designer Arm from...Read more
ESGThe week in GRC: Companies pressed for racial diversity disclosures, and OCC raises compliance concerns Jul 02, 2020Ben Maiden– The Wall Street Journal reported that more than 40 percent of S&P 500 companies have pulled their guidance as the Covid-19...Read more
EnforcementCitibank settles flood-insurance action for $18 million Jan 22, 2020Ben MaidenCitibank has agreed to pay almost $18 million to settle allegations that its Sioux Falls, South Dakota business violated the Flood...Read more
CareersOCC hires general counsel and senior risk officials Jun 18, 2019Ben MaidenEquity derivatives clearing organization OCC has hired a new general counsel and senior risk-management officials. OCC provides...Read more
Regulatory & complianceThe week in GRC: SEC to consider proxy adviser changes; and directors see growing risks, report finds Dec 07, 2018Ben Maiden– The Wall Street Journal reported that US regulators said banks that find problems with legacy compliance programs when testing new...Read more
BoardroomThe week in GRC: Berkshire Hathaway to oppose USG board nominees, and Volkswagen board ousts CEO Apr 13, 2018Ben Maiden– Bloomberg reported that Christian Sewing – a retail banking executive with Deutsche Bank – was named to succeed John Cryan as CEO...Read more
Shareholders & activismThe week in GRC: Investors call for action on gun violence, and Qualcomm board re-elected with reduced support Mar 30, 2018Ben Maiden– The Wall Street Journal reported that the Federal Reserve Bank of New York and Office of the Comptroller of the Currency (OCC) are...Read more