Crafting the ‘G’ in ESG: Accountability in the Boardroom | Nasdaq

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…

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…

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,…

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…