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,…

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…

Fitch: Increased Impact of Governance on Credit Ratings

Fitch Ratings expects idiosyncratic governance weaknesses to weigh on ratings more often than previously as the tolerance of governance failures from a wide range of stakeholders (e.g. authorities, investors, creditors, customers and employees) declines. It is likely that investors’ growing focus on ESG topics and better ESG-related disclosure will mean that governance failures will have…

CII Spring Conference 2021–Highlights

From VEA Vice Chair Nell Minow: I remember taking the escalator down to the CII conference last year and seeing boxes of hand sanitizer and antiseptic wipes. People greeted each other with elbow taps and made grim jokes about this new virus we were hearing about. A week later, everything shut down. So, this year’s…

Ranking Digital Rights

The RDR Index evaluated 26 of the world’s most powerful digital platforms and telecommunications companies on their disclosed policies and practices affecting people’s rights to freedom of expression and privacy. Here’s the ranking sorted by governance.