Month: December 2017

Reputation Management: CEO Searches Under New Scrutiny Amid Sexual-Harassment Scandals

CEO sexual-harassment scandals have now caused board directors across the country to take a much closer look at the vetting process when it comes to selecting their next CEO. There’s a shift taking place in the CEO recruitment process, and boards are now beefing up reference checks to ensure they have the right CEO in …

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Q&A with Covington’s Keir Gumbs: Why Financial Performance Affects ESG Metrics

See this insightful Q&A by Covington’s Keir Gumbs and SkyTop Strategies Christopher Skroupa, who discuss the impacts of how environmental, social and governance (ESG) metrics play a role in investment decisions and company financial performance. Regarding ESG metrics, one comment by Keir Gumbs stood out to me, and is a great point that hopefully moves …

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ISS Publishes Further Guidance Regarding 2018 Policy Updates

Davis Polk does a nice job of summarizing ISS’ most recently issued 2018 policy updates, which offers further guidance regarding: U.S. Equity Compensation Plans FAQ, U.S. Compensation Policies FAQ, and Pay-for-Performance Mechanics. Keep in mind, ISS’ 2018 Policy Updates are effective for meetings held on or after February 1, 2018. Read the full ISS Policy …

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Update: SEC Denies Apple’s Request to Exclude a Shareholder Proposal

As a follow up to a previous blog post regarding the U.S. SEC’s new Staff Legal Bulletin 14I which outlines guidance regarding the shareholder proposal process, the SEC recently denied Apple’s request to exclude a shareholder proposal. Recall, the new shareholder proposal guidance allows companies to include a board analysis in efforts to build a …

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The Next Phase in Sustainability Disclosure is Coming

A recent Bloomberg article has stated that more than 80% of S&P 500 companies produce sustainability reports. However, investors say the information is often tough to use and hard to compare. The Sustainability Accounting Standards Board (SASB) is in the final stages of preparing its standards and best practices for companies to use in reporting that may …

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Update: Procter & Gamble Concedes, Adds Activist Investor Nelson Peltz to Its Board

As we blogged previously, we now have an update on the recent proxy fight between Procter & Gamble and Nelson Peltz of Trian Fund Management. After a highly contested recount, votes cast by shareholders showed that nearly 50% were in favor of Nelson Peltz joining P&G’s board. P&G stated that due to an overwhelming response …

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Diversity Moves: Kraft Heinz Names Rashida La Landa As General Counsel & Corporate Secretary

As diversity is poised to take center stage this coming year in corporate America, especially in corporate governance, more companies are making strides to increase diversity at the top. Congratulations to Rashida La Landa for her new leadership role at Kraft Heinz. See this BusinessWire press release: Rashida La Lande will join Kraft Heinz as its …

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