What happens when shareholders file a derivative lawsuit on behalf of a company against the board and management and then those same defendants agree to sell the company, knowing it will nullify the derivative suit? That was the thorny question at the heart of a Delaware Chancery Court ruling in May involving a prolonged battle […]
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
Posted inBoards & Shareholders
Say-on-Pay Failures; Say-on-Pay Strategies
Corporate America is facing new challenges this proxy season in winning shareholder approval for executive compensation, thanks to provisions in the Dodd-Frank Act that give shareholders a non-binding vote on executive pay packages. But companies have a corollary headache thanks to those provisions, as well: They have led to a host of shareholder lawsuits. Section […]
Posted inFrom the Archive
Brown Brothers Harriman Appoints Compliance Director
Brown Brothers Harriman, a privately-held financial institution has hired Mark Egert as director of compliance for its investment management and markets lines of businesses, based in the firm’s New York office. Egert will also be the firm’s chief compliance officer for FINRA. Egert will be replacing Beth Haddock, who is transitioning to a new position […]
Posted inFrom the Archive
AEP Industries Names Corporate Secretary, Board Member
AEP Industries, a manufacturer, marketer, and distributor of plastic packaging products, has appointed Sandra Major as vice president and secretary. Major has been the AEP’s director of compliance and assistant corporate secretary since October 2005. Prior thereto, she was risk manager since January 2003 and held various positions with the company since 1989. James Rafferty, […]
Posted inFrom the Archive
Delaware Governor Nominates New Chancellor
Governor Jack Markell of Delaware announced on June 8 that he will nominate the Honorable Leo Strine to serve as Chancellor of the Court of Chancery. Strine, an expert on corporation law, has served as a Vice Chancellor since 1998. Strine would fill the vacancy caused by the retirement of Chancellor William Chandler, whose last […]
Posted inFrom the Archive
News Corporation General Counsel Departs
News Corporation announced on June 8 that Senior Executive Vice President and General Counsel Lawrence Jacobs, is leaving “to pursue new opportunities.” Jacobs joined News Corporation in 1996 as senior vice president and deputy general counsel. In 2004, he was named senior executive vice president and group general counsel of News Corporation, and appointed to […]
Posted inFrom the Archive
Lorillard Appoints Chief Compliance Officer
Cigarette manufacturer, Lorillard, has appointed Neil Wilcox, a former U.S. Food and Drug Administration science policy analyst, as senior vice president of product-related regulations and chief compliance officer. In the newly created role, Wilcox will oversee and manage regulatory affairs, including plans to achieve regulatory compliance with federal regulations such as the Family Smoking Prevention […]
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Former CFTC Attorney Joins Davis Polk
Susan Ervin, a former attorney with the Commodity Futures Trading Commission, has joined the law firm of Davis Polk & Wardwell as a partner in the firm’s Washington DC office. Ervin spent 15 years as an attorney for the CFTC, the last 10 of which she served in a senior capacity as deputy director and […]
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New Accounting Chief at Federal Realty Investment Trust
Federal Realty Investment Trust, an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high quality retail assets, has promoted Melissa Solis to vice president, chief accounting officer, effective July 1. Previously, Solis was controller for the Trust. In her new role, she will oversee all aspects of the […]
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Travelers Europe Names Chief Risk Officer
International insurer, Travelers, has appointed Kendra Felisky to the newly created position of chief risk officer, Europe, covering both Travelers Syndicate Management and Travelers Insurance Company. Felisky will be responsible for enterprise risk management in Europe including the development, implementation and monitoring of risk management strategies and policies for the European operations. Additionally, she will […]
