All Board of Directors articles – Page 3
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Blog
Continued fallout at Wells Fargo leads to board scrutiny
The Wells Fargo fraudulent account scandal still resonates as one of the most prime examples where the continued fallout from a board’s failure in the area of oversight of risk management is working to damage the organization.
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Blog
Tembec appoints new director
Tembec, a Canada-based forest products company, has named Pierre Gignac to its board of directors. Gignac will assume the seat of Michel Dumas who remains Tembec's executive vice president, finance and chief financial officer.
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Wells Fargo fallout: More board oversight of risk management?
The Wells Fargo fraudulent accounts scandal is enforcing a good trend: shareholder activism directed at the board for better risk management. Tom Fox reports.
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Former DuPont CEO joins Goldman board
The Goldman Sachs Group has appointed Ellen Kullman, the former chief executive officer of DuPont, as an independent member of its board of directors, effective as of Dec. 21, the company announced in a Form 8-K filing.
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Grapevine: Who’s coming and going in compliance
In response to investor criticism that it did not respond fast enough to an E. coli outbreak last year, fast-food chain Chipotle has named four new members to its board of directors, giving its largest investor a seat on the board; In other news, Comprehensive Health has named a new ...
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Compliance on the VW board
Tom Fox explores the case of Hans Dieter Pötsch, chairman of the VW supervisory board, who could be held responsible if German prosecutors find the board had actual knowledge, but failed to keep shareholders abreast, of the emissions-testing scandal and its potential costs.
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General Electric elects new board member
General Electric disclosed in a recent securities filing that Steven Mollenkopf has been elected to the company’s board of directors. Mollenkopf is chief executive officer and a director of Qualcomm, a developer of mobile technology.
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Office Depot appoints new chief legal officer; board member
Office Depot has promoted Steve Calkins to executive vice president and chief legal officer. The company also appointed Kristin Campbell, the general counsel of Hilton Worldwide, to its board of directors.
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Dominion Diamond appoints new board members
Dominion Diamond, a diamond producing company, has appointed Trudy Curran and Tim Dabson to its board of directors, effective immediately. Curran will also chair the health, safety, and environmental committee.
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Ball Corporation names new board members
Ball Corporation, a supplier of sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government, has elected Cynthia Niekamp, retired senior vice president from PPG Industries, and Daniel Heinrich, former executive vice president and chief financial ...
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Board needs more time for strategy, risk, directors say
A recent KPMG roundtable series revealed that corporate boards just don’t spend enough time on strategy, strategic risk, technology, cyber-security, executive succession planning, or talent development. Tammy Whitehouse has more details.
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Ethris adds three new members to board of directors
German biotech firm Ethris GmbH has added three new members to the Ethris board of directors: Leon Chen, venture partner with OrbiMed, Thomas Chalberg, COO of Oncorus, and Justin Duckworth, managing partner with HS Life Sciences.
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US Foods reshuffles board of directors
US Foods Holding announced that Timothy McLevish has resigned from its board of directors, effective immediately, to become executive chairman of Lamb Weston Holdings, upon the completion of its planned spinoff. Because Lamb Weston is a significant supplier to US Foods, McLevish would no longer qualify as an independent director.
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United Continental appoints new board member
United Continental Holdings has appointed Edward Philip to its board of directors. He brings to United nearly three decades of leadership across the technology, health care and financial services sectors.
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Nike appoints Apple CEO Tim Cook as lead indepenent director
Nike announced that chairman Phil Knight has retired from the board of directors. The company also announced that Apple CEO Tim Cook has been appointed lead independent director of the board, effective immediately.
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Everest Re Group elects new board member
Everest Re Group, a Bermuda holding company, announced the election of John Graf to its board of directors, effective last month.
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Telenor reshuffles its board
Telenor this week appointed three new members to its board, following the resignation of three former directors. The restructuring of Telenor’s board follows a report issued by Deloitte on how Telenor handled its 33% ownership of Amsterdam-based telecommunication services provider VimpelCom, which in February agreed to pay $795 million in ...
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New board member joins Vuzix
Vuzix announced that Edward Kay has joined its board of directors. Kay will serve as chairman of the audit committee, taking over the responsibilities of former board member William Lee, who passed away in March.
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iRobot appoints new board member; enhances corporate governance
iRobot, a robotic technology-based solutions company, has appointed Michael Bell to its board of directors, effective immediately. The company also announced several corporate governance enhancements. Details inside.
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Podcast: how boards can improve risk response
In the latest CW podcast, we chat with Steven Kreit, partner with accounting firm EisnerAmper, about the firm’s recent “Concerns About Risks Confronting Corporate Boards” survey. Director worries haven’t changed much since last year, with reputation risk and cyber-security perennial causes of angst, according to the survey. However, there does ...