All Boards of Directors articles
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News BriefTesla turmoil, Kohls dismissal mark rare public rebukes of executive leadership
Two CEOs of high-profile American companies received rare public votes of no-confidence from their boards of directors this week, just as attendees at Compliance Week’s 20th Anniversary National Conference discussed their role in upholding business ethics and executive accountability.
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News BriefBoards of directors have a lot of finance pros. It’s time for compliance to join too
More than half of the people who sit on corporate boards have a background in finance, with far fewer from compliance. But change may be coming. Panelists in a session of Compliance Week’s 20th National Conference in Washington, D.C., discussed the way boards of directors are changing in response to ...
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ArticleNew York legislation requires ‘Women on Corporate Boards Study’
New York Governor Andrew Cuomo has signed legislation requiring a study to be conducted on the number of women directors who serve on each board of directors of domestic and foreign companies authorized to do business in New York.
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ArticleTop 10 risks to keep executives on their toes in 2020
A new study from Protiviti and North Carolina State University not only highlights those risks companies should keep an eye on in the coming year—it also prompts leadership to explore whether or not they’re taking enough risks.
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Article
Applied Materials appoints new board member
Applied Materials has appointed Yvonne McGill, currently chief financial officer and senior vice president of the Infrastructure Solutions Group at Dell Technologies, to serve on its board of directors.
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Blog
Opioid crisis sparks leadership changes at Purdue Pharma
In an attempt to distance itself from the opioid epedemic, Purdue Pharma recently made some leadership changes to its board of directors and executive committee, as it battles hundreds of lawsuits across the United States concerning opioid-related deceptive sales and marketing practices that are the focus of U.S. enforcement authorities.
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Blog
Implementing and maintaining a successful compliance program
There are three key areas that can help boards of directors to establish and maintain an effective compliance program—structure, culture, and risk management.
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Blog
New guide offers blueprint for successful virtual shareholder meetings
The Virtual Annual Shareowner Meetings Study Group—comprised of 17 executives representing institutional investors, public companies, and proxy and legal service providers—has released a report that identifies best practices to consider when managing virtual meetings.
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Blog
CAQ arms directors with cyber risk roadmap
To stoke more board inquiry on cyber-security, the CAQ has published a primer on questions that management and external auditors should be ready to answer.
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Blog
The role of boards is to ‘put sand in the shoes of management’
One of the ongoing questions from members of boards of directors is how to resolve the tension between oversight and managing. An excellent starting point to understanding this role is to consider the metaphor, “put sand in the shoes of management.”
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Blog
Board’s prudent discharge of compliance obligations
A look at how board members might want to enhance their prudent discharge to shareholders in regard to the FCPA, as the SEC and Justice Department could be giving it their full attention.
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Blog
OIG guidance for boards on compliance
It turns out that 2015 guidance from the OIG provides an excellent roadmap in today’s world for how companies can structure a compliance committee for their board and for the board’s obligations.
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Article
How board members can prepare for a #MeToo moment
The PwC 2017 Annual Corporate Directors Survey highlights some key risks and opportunities for how boards might survive their own Weinstein moment, should one ever arise.
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Article
A double whammy for the cosy club
Directors in the United States and United Kingdom are facing increasingly divergent realities when it comes to regulatory accountability. And that gap is only growing.
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Article
Wells Fargo scores a pyrrhic victory amid shareholder revolt
Despite controversy before and during its annual meeting, shareholders reelected all of Wells Fargo’s directors. But trouble still lies ahead for the post-scandal banking giant.
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Blog
Ten simple ways to manage risk … or not
When it comes to risk management, know how to spot the difference between programs that look good and programs that work, says Richard Steinberg.
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Article
Navigating the risks of individual accountability for corporate wrongdoing
How can directors and officers better protect themselves and their organizations in a post-Yates Memo era of accountability? Kevin Hyams has some answers.
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Blog
Former CalPERS CEO gets four years in prison
A California federal judge yesterday sentenced the former chief executive officer of the California Public Employees Retirement System to four years and six months in prison for engaging in a bribery and corruption scheme.
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Blog
Seven myths of boards of directors—part II
Last month, Rick Steinberg looked at myths around corporate governance, including accusations levied by some institutional investors and others. Here he looks at more such myths, with analysis and insight into which claims are on point—and which are not—along with how some accusers appear to be seeking to serve their ...
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Blog
Telenor offers lessons on joint ventures
A report published last month by Deloitte details how Norwegian telecommunications company Telenor handled its 33 percent ownership in VimpelCom. Although the report did not find any evidence that employees engaged in corrupt activity, it did uncover several internal weaknesses in Telenor. Jaclyn Jaeger looks at lessons learned.