$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 […]
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
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 […]
Posted inFrom the Archive
Former DoJ Deputy Assistant Returns to Jenner & Block
Former Justice Department attorney and federal prosecutor, Jessie Liu, has rejoined Jenner & Block as a partner in its Washington, DC office. Most recently, Liu served as deputy assistant attorney general in the DoJ’s civil rights division. In that role, she supervised the division’s appellate; employment litigation; and housing and civil enforcement sections; and oversaw […]
Posted inRegulatory Enforcement
Delaware Court Upholds Business Judgment Rule
A recent decision by the Delaware Chancery Court that exempted corporate directors from liability in the current financial mess could prove helpful to other directors facing similar sub-prime and credit crisis-related derivative claims. In a 58-page decision that provided some of the court’s most expansive comment ever on the subject, the Chancery Court ruled Feb. […]
Posted inFrom the Archive
Environmental Policy, Enforcement Under Obama
The contentious debate over regulating carbon emissions may soon move into high gear in Washington. Depending on how forcefully the Obama Administration pushes it, companies could face major changes in environmental regulation and their compliance with corporate sustainability goals overall. “If it is carried to industry, generally, it will result in far more significant regulation […]
Posted inBoards & Shareholders
UBS Adds Three New Members to Its Board
Embattled UBS AG, based in Switzerland, has announced the departure of three financial experts from its board, and the election of three more. Departing the board will be Ernesto Bertarelli, Gabrielle Kaufmann-Kohler, and Joerg Wolle. Nominated to take their places are Michel Demare, the current CFO of Swiss engineering firm ABB; Ann Godbehere, the former […]
Posted inFrom the Archive
Spartech Appoints New General Counsel
$1.3 billion Spartech Corporation has appointed Rosemary Klein as senior vice president of general counsel, and corporate secretary. She will report directly to President and Chief Executive Officer Myles Odaniell. Klein will be responsible for the management and oversight of all legal matters, the provision of legal services, corporate governance, and providing advice to members […]
Posted inFrom the Archive
DSM Appoints New Corporate Secretary
$11 billion Royal DSM N.V., a global life sciences and materials sciences company headquartered in the Netherlands, has hired Femke Weijtens as corporate secretary. She will succeed Paul Fuchs, who retires Sept. 1. Weijtens, who will join DSM on April 1 to prepare for the new role, currently is director of external relations at Schretlen […]