Perhaps the most significant guideline that boards must follow when it comes to sustainability is a change in mindset from compliance to command. When board members see ESG as a core tenant of their governance strategy, rather than a compliance box to check off, they can go above and beyond accountability, becoming a leader in…
Tag: corporate governance
The ‘G’ In ESG: Exploring the impact of corporate governance
Despite this, ESG goes beyond an isolated consideration of ‘E’ and ‘S’. In fact, by leaving governance factors out of the decision-making process altogether, organisations risk missing a crucial opportunity to fully leverage the power that comes with embedding sound corporate governance and risk management systems into their corporate pillars.This can spell disaster in a…
Twitter schedules shareholder vote for embattled Elon Musk deal – The Washington Post
Nell Minow, a corporate governance expert who is vice chair of ValueEdge Advisors, said Twitter’s timing for the shareholder vote, which is a required step in completing the deal, is probably not a coincidence. Holding the shareholder vote before the trial signals that Twitter is continuing the deal as normal.“I think it’s strategic,” she said….
New Nikola Shares Blocked by Founder and Former CEO
CNBC reports: Electric truck maker Nikola once again fell short of winning shareholder approval to raise new funds, the company said Monday. The measure has so far been blocked by the company’s since-departed founder. In a brief webcast Monday, Chairman Steven Girsky said that while the vote on the proposal to issue new shares…
Moderna’s new CFO departs in first week in job | Financial Times
Moderna’s new CFO left after three days, following announcement the his previous employer was being investigated for possible financial reporting improprieties. Nevertheless, he received a severance payment. VEA Vice Chair Nell Minow responded. Nell Minow, vice chair of ValueEdge Advisers, a firm that advises investors on corporate governance, said the episode represented an “outrageous” failure…
Corporate Governance Considerations Under the SEC’s Proposed Climate Disclosure Rules | Bracewell LLP – JDSupra
As we have noted previously, the U.S. Securities and Exchange Commission’s recently proposed rules governing climate-related disclosures, if adopted as proposed, would represent a sea change to the existing public-company disclosure regime. We focus here on the corporate-governance aspects of the proposed rules to help public company boards, executive management and in-house attorneys begin to…
The queasy ‘Enron feeling’ that directors must never ignore | Financial Times
VEA Vice Chair Nell Minow is quoted in an article looking back on the 20th anniversary of the collapse of Enron. “Unquestionably, boards are sharper, more independent, more focused, and more engaged,” says Nell Minow, vice chair of ValueEdge Advisors and a longstanding critic of poor governance and campaigner for shareholder rights. Still, since 2001,…
We’ve Said it Before — Arena Naming is a Sell Signal: Staples Center Renamed Crypto.com Arena in Los Angeles
We predict this deal will not last 20 years. Unlikely that the company will, either. [On] December 25, the Staples Center becomes Crypto.com Arena in a new 20-year naming deal. The Los Angeles Times reported that event-promotion company AEG made a deal with the Singapore-based cryptocurrency website, with the new name reportedly costing over $700…
ICGN Governance Principles Updates: Evolution of corporate governance in the face of existential change | Ethical Boardroom
Key governance changes: We have emphasised the importance of independent board leadership and a clear division of responsibilities between the role of the chair and CEO to avoid unfettered powers of decision-making. We also think the roles of both should be clearly described and publicly disclosed as well as the role of the lead independent…
Ira Millstein and Leo Strine on Corporate Governance Then, Now, and Soon
Two of the wisest, most experienced, and most influential people in corporate governance, Ira Millstein and former Chief Justice and Chancellor of Delaware, Leo E. Strine, Jr. had a conversation moderated by Columbia professor Eric Talley. It is published in the current issue of the American Bar Association’s Business Law Journal. Some highlights: On what…
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