This month, Compliance Week is pleased to introduce the debut column of Richard M. Steinberg, an advisor to boards and executives on corporate governance. The former corporate governance practice leader at PricewaterhouseCoopers, Steinberg is also well known as a co-author of the COSO “Internal Control—Integrated Framework.” A sought-after speaker and widely published author on topics […]
Boards & Shareholders
Posted inBoards & Shareholders
NYSE, Nasdaq Propose Governance Amendments
The NYSE recently proposed to slightly amend its corporate governance listing standards, and Nasdaq proposed an exception to a shareholder approval requirement. The Nasdaq also updated the list of staff interpretative letters, addressing a wide range of issues from director independence to shareholder approval of compensation plans. Listing Standards Proposal At NYSE The proposed NYSE […]
Posted inBoards & Shareholders
Q&A With Chief Compliance Officer Of $81.8 Billion Altria
This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. Three years ago you were named Altria’s first chief compliance officer. What was the first order of business? The mission […]
Posted inBoards & Shareholders
Amendments to NYSE Governance Listing Standards
Corporate governance amendments proposed by the NYSE on August 3, 2004, which slightly slightly amend listing standards on issues of independence, compensation agreements, the definition of “executive officer,” and other items.
Posted inBoards & Shareholders
Enhanced D&O Responsibilities For Compliance, Ethics
Effective Nov. 1, as a direct result of Sarbanes-Oxley’s mandate to the U.S. Sentencing Commission, public company directors and senior executives will assume significantly greater responsibilities to ensure the existence of effective corporate compliance and ethics programs. The amended guidelines essentially set forth two overarching requirements: first, that corporate officers and directors exercise due diligence […]
Posted inBoards & Shareholders
Q&A With Tyco SVP Governance Eric Pillmore
This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. You volunteered for this job—lots of people would guess you’re a glutton for punishment. What was your thinking? Well, it […]
Posted inBoards & Shareholders
Broadcom Agrees To Allow Shareholders Nominate Directors
The folks at law firm Lerach Coughlin Stoia & Robbins LLP last week appeared to have hammered out their most significant governance-related settlement with shareholders when it resolved litigation with Broadcom Corp. Under the agreement, Broadcom, a maker of chips for cable modems, will be one of only a select group of U.S. companies that […]
Posted inBoards & Shareholders
Lost In Space: Online Annual Meetings Remain Rarity
How do shareholders attend an annual meeting if there’s nowhere to go? That’s not a trick question. Inforte Corp., a $32.7 million customer strategy and solutions consulting company based in Chicago that went public in 2000, has held its annual meetings in cyberspace ever since. A year later, $107.4 million ICU Medical, a medical device […]
Posted inBoards & Shareholders
The Myners Principles And Ooccupational Pension Schemes
UK study researched whether pensions have voluntarily changed their investment decision-making practices as recommended by The Myners Principles.
Posted inBoards & Shareholders
Preliminary 2004 Post-Season Report
Subtitled “A New Corporate Governance World: From Conflict to Constructive Dialogue,” this proxy season update from Institutional Shareholder Services provides details on shareholder proposal this season.
