$146.2 billion Ford Motor Company has elected Richard Gephardt and Anthony Earley to its board of directors, effective immediately. At this time, neither Gephardt nor Earley have been assigned to any committees. Gephardt is the former Majority Leader of the U.S. House of Representatives and served 14 terms in Congress. He is currently president and […]
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 inAccounting & Auditing
Former FEMA Administrator Joins PwC
PricewaterhouseCoopers has announced that Carlos Castillo, a former administrator at the Federal Emergency Management Agency, has joined the firm’s Public Sector practice. Castillo will focus on providing business advisory services to the federal government in areas ranging from financial and program management to security and data concerns. Castillo is respected internationally for emergency management leadership […]
Posted inBoards & Shareholders
Nordstrom Board Member Leaves for Nike
$8.8 billion Nordstrom has announced that Jeanne Jackson has resigned as a member of its board of directors in order to become an executive at Nike. Jackson has served on Nordstrom’s board since 2002. Now, as president of direct to consumer at Nike, Jackson will oversee the company’s global digital and bricks-and-mortar retail efforts. In […]
Posted inBoards & Shareholders
Big Changes Proposed for Delaware Law
The Delaware legislature is reviewing a slew of proposed amendments to its Corporation Law, including several that could sharply tilt the balance of power toward shareholders. One proposed amendment would smooth the way for shareholders to place nominations for corporate directors in the company proxy statement. Another would provide reimbursement for proxy fights. Both ideas […]
Posted inInternal Controls
Boosting Control With Third-Party Codes of Conduct
Despite increased risks posed by supply chains, companies still have a long way to go when it comes to establishing ethics and compliance standards for their vendors, suppliers, and other business partners. So says a recent benchmarking survey by the Society of Corporate Compliance and Ethics. The SCCE surveyed more than 400 compliance and ethics […]
Posted inBoards & Shareholders
Intel Board Adds Two Members
$37.5 billion Intel has announced the appointments of John Donahoe and Frank Yeary to its board of directors. Both members also serve on the audit committee. Donahoe, who joined eBay in 2005, has served as president and CEO since 2008. Prior to joining eBay, Donahoe spent more than 20 years at Bain & Company, a […]
Posted inBoards & Shareholders
Target Prepares for Proxy Battle
$63.3 billion Target Corporation is bracing for a “costly and disruptive” proxy battle for control of five spots on the retailer’s board of directors. Initiating the fight is activist investor William Ackman of Pershing Square Capital Management, Target’s third-largest investor. The five-member slate announced March 17 includes Ackman; Jim Donald, former CEO of Pathmark and […]
Posted inBoards & Shareholders
GulfMark Offshore Elects New Board Member
GulfMark Offshore, a provider of marine transportation services to the energy industry, has elected Brian Ford to serve on its board of directors. He also will serve on the audit committee. Ford currently serves on the board of directors of Drexel University. He is a retired partner of Ernst & Young, where he served global […]
Posted inBoards & Shareholders
Deutsche Bank Adds Four Experts to Management Board
$132 billion Deutsche Bank, based in Germany, has appointed four new members to its management board. The appointments take effect on April 1. Appointed to the board are Michael Cohrs, head of global banking; Jürgen Fitschen, global head of regional management; Anshu Jain, head of global markets, and Rainer Neske, head of private and business […]
Posted inBoards & Shareholders
Citigroup Reshuffles Board of Directors
Troubled financial giant Citigroup has nominated four new candidates to serve on its board of directors. Shareholders will vote on the appointments at the company’s annual meeting on April 21. Nominated to the board are Jerry Grundhofer, former chief executive of U.S. Bancorp; Michael O’Neill, former chief executive of Bank of Hawaii; William Thompson, former […]
