Kudos to California Treasurer John Chiang, who is calling on corporate boards to adopt diversity standards of 30% women and 30% diverse representation, i.e., sexual orientation, cultural and ethnic composition. Mr. Chiang is asking the country's two largest public pension funds, CalPERS and CalSTRS to
On November 15, 2017 the U.S. Securities and Exchange Commission's Enforcement Division issued its annual report outlining its priorities, in addition to a review of FY 2017 enforcement action results. The priorities described in the report focus on five principles:Focus on the Main Street
It is never too late to say congratulations! Early last month, KPMG named Tonya T. Robinson as its new General Counsel, succeeding Joseph Loonan. I am always excited to see diversity moves at the top. Although not listed on the Fortune 500, but listed as
Glass Lewis recently updated its 2018 U.S. Policy Guidelines. The underlying theme in most of the updates will be how well a company "discloses" its information. Disclosure is key. The summary of changes covers: board gender diversity, dual-class share structures, board responsiveness, virtual shareholder meetings,
Issue: Whether Apple's operations in China sufficiently promote human rights by offering products designed to “help internet users evade censorship” by the Chinese government. Or, put differently, whether Apple's offering of products in China promotes freedom of expression and access to the internet in China.Government
ISS released its 2018 Policy Updates effective for shareholder meetings held on or after February 1, 2018. As it pertains to the Americas, just a few policy updates, but rather noteworthy ones touching on gender pay gap disparity shareholder proposals, non-employee director pay, and poison
Have you congratulated your corporate governance award winner or nominee? Your company or nominee may be on the list! Take a look at the full list of winners and nominees from the Corporate Secretary's Tenth Annual Corporate Governance Awards held November 9, 2017 in New
Clarity, a beautiful thing. U.S. SEC Corporation Finance Senior Special Counsel Matt McNair (accompanied by Davis Polk's Ning Chiu) recently joined TheCorporateCounsel.net's webcast "Shareholder Proposal Guidance" to provide clarity on Corp Fin's new shareholder proposal staff legal bulletin (as discussed in previous blog post). Key
How well does the board know its governance team? KPMG Senior Advisor to the Board Leadership Center Stephen Brown raises three very insightful and thoughtful questions for boards to consider in this well done KPMG Directors Quarterly. The article raises three very salient points for
Cut the music and hold the victory dance. In shocking (and what some are calling embarrassing) news for Procter & Gamble (P&G), an official vote tally has revealed that activist hedge fund manager Nelson Peltz may have potentially won a seat on its board. Yikes.