Boards & Shareholders


Elon Musk Twitter

Elon Musk, Twitter, and lessons in (mis)management

2022-12-01T14:49:00+00:00By

Senior executive shakeups, mass employee layoffs and resignations, major advertisers halting their ads—Elon Musk’s acquisition of Twitter provides a case study in leadership mismanagement for the ages.

Board table

Five companies lose board members in DOJ antitrust sweep

2022-10-20T20:17:00+01:00By

Seven members of corporate boards resigned after the Antitrust Division of the Department of Justice flagged their situations as potential violations of the Clayton Act.

London cityscape

FCA faults board oversight of compliance in fining Sigma Broking $589K

2022-10-07T19:05:00+01:00By

London-based brokerage firm Sigma Broking was fined £531,000 (U.S. $589,000) for failing to report certain transactions to the U.K. Financial Conduct Authority.

ESGReporting

FRC: 12 best practices for better ESG data collection

2022-09-09T16:06:00+01:00By

The U.K. Financial Reporting Council released guidance on how companies can collect and use environmental, social, and governance data to inform better decision-making.

Boardroom

New environmental, social issues made for ‘unprecedented’ 2022 proxy season

2022-07-27T13:31:00+01:00By

Companies across many industries were kept on their toes during the 2022 proxy season, with shareholders filing an extraordinary number of proposals pertaining to a broad array of environmental and social issues.

FedEx containers

FedEx’s social mission: Diversity drives better business

2022-05-13T11:00:00+01:00By

FedEx’s DEI strides—including becoming a minority-majority employee company in the U.S. for the first time in its history in fiscal year 2018—are not by accident. The company’s long history of hiring a diverse workforce and promoting from within is among the keys to its success.

FedEx plane

​Growth vs. green: FedEx’s environmental balancing act

2022-05-12T11:00:00+01:00By

When FedEx published its first Global Citizenship Report in 2008, its greenhouse gas emissions were already top of mind. Yet, the company has struggled to strike a balance between achieving year-over-year decreases in total emissions while it has expanded in the last decade-plus.

FedEx sorting depot

‘A marathon, not a sprint’: FedEx carbon-neutral pledge tests longtime ESG efforts

2022-05-11T11:00:00+01:00By

In March 2021, FedEx announced an audacious goal: to achieve carbon-neutral operations globally by 2040. How did the company develop this pledge, and how will it track its progress and hold itself accountable to intermediate goals?

FedEx truck

Desire for transparency launches FedEx on ESG journey

2022-05-10T11:00:00+01:00By

Since 2008, FedEx has produced detailed reports on its ESG initiatives. The company’s chief sustainability officer discusses the decision-making process behind the first report, determining materiality, and more in Part 1 of this four-part special report, published in partnership with the ICA.

DOJ wall

​DOJ eyeing PetroNor board chairman in corruption probe

2022-04-14T19:12:00+01:00By

The Department of Justice has become involved in a corruption investigation focused on individuals at Oslo-listed oil and gas exploration and production company PetroNor that has grown to include Board Chairman Eyas Alhomouz, a U.S. citizen.

Sustainability metrics

How to prepare for SEC’s climate-related disclosure rule

2022-03-23T22:07:00+00:00By

The Securities and Exchange Commission’s proposed climate-related disclosure rule would force companies that have been reluctant to initiate a self-examination of their environmental impact to do so, posthaste. Experts weigh in on where to start.

Credit Suisse

Credit Suisse recruits outgoing Wells Fargo risk chief to board

2022-03-22T15:34:00+00:00By

Credit Suisse announced a handful of proposed changes to its board of directors, including the appointment of Wells Fargo’s outgoing Chief Risk Officer Amanda “Mandy” Norton to fill an open seat.

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SEC releases highly anticipated climate-related disclosure rule

2022-03-21T21:09:00+00:00By

After months of anticipation, the Securities and Exchange Commission issued its proposed climate-related disclosure rule, a sweeping potential mandate that would force all public companies to quantify, measure, and disclose their effect on the environment.

Allison Herren Lee and Hester Peirce

Top 10 reasons to attend Compliance Week 2022

2022-03-09T18:12:00+00:00By

A keynote with two SEC commissioners; interactive sessions on global sanctions, ESG, and ethical leadership; and a new conference location and format highlight Dave Lefort’s list of reasons to be excited for CW’s first in-person event in nearly three years.

Tesla

Tesla discloses new SEC subpoena over Elon Musk settlement

2022-02-08T18:22:00+00:00By

Electric car maker Tesla disclosed in a regulatory filing it received a subpoena from the SEC regarding its settlement with the regulator designed to rein in CEO Elon Musk’s Twitter posts.

Microsoft

Microsoft, Activision Blizzard, and importance of cultural due diligence in M&A

2022-02-08T12:00:00+00:00By

Rarely do cultural considerations play a role in M&A transactions, though they are often critical to the ultimate success of a deal. Microsoft’s planned acquisition of embattled video game developer Activision Blizzard offers a timely case study.

Werner

Hiltrud Werner leaves legacy of integrity at Volkswagen

2022-02-07T13:00:00+00:00By

Hiltrud Werner, Volkswagen’s board member and head of integrity and legal affairs who steered the company through its U.S. compliance monitorship post-Dieselgate, discusses her indelible mark on the auto giant and her future aspirations.

Ransomware Epilogue

Epilogue: What happened to Betsy?

2022-02-03T13:00:00+00:00By

The “patient zero” of fictional private utility company Vulnerable Electric’s ransomware crisis learns her fate.

Ransomware Chapter 4

Chapter 4: Recovery and lessons learned post-ransomware attack

2022-02-03T13:00:00+00:00By

Whether fictional private utility company Vulnerable Electric pays the ransom or not in the aftermath of its cyber incident, the two pathways quickly splinter off in different directions with varied endings, each with important lessons to be learned.

Ransomware Glossary

Ransomware case study glossary

2022-02-02T13:00:00+00:00By

The field of cybersecurity features a growing list of terminology to describe the many forms, channels, and motivations behind cyberattacks and hacking culture. Learn further definitions for some key terms featured throughout the ransomware case study.

Ransomware Chapter 3

Chapter 3: Ransomware eradication prompts tough choice: To pay or not to pay?

2022-02-02T13:00:00+00:00By

No matter what, the deck is stacked against fictional private utility company Vulnerable Electric as it weighs whether to pay the $5 million ransom demanded by a cybercriminal who breached its systems. Which path do you take?

Business values

LRN survey: Shared elements of ‘high-impact’ ethics and compliance programs

2022-02-01T19:43:00+00:00By

Board engagement, changes to meet the needs of employees working remotely, simplified and searchable policies and procedures, and more were key among the traits of high-impact ethics and compliance programs as defined by LRN’s annual effectiveness report.

Ransomware Chapter 2_2

Chapter 2, Part 2: Ransomware damage control and when to alert stakeholders

2022-02-01T13:00:00+00:00By

Systems at fictional private utility company Vulnerable Electric remain impacted in the aftermath of a ransomware attack, but the chief executive decides it’s time to be forthright with employees and customers.

Ransomware Chapter 2_1

Chapter 2, Part 1: Containment key to ransomware defense

2022-02-01T13:00:00+00:00By

With Day 2 of fictional private utility company Vulnerable Electric’s ransomware crisis comes the need to grasp the extent of its situation. The cyber incident response team’s synchronized efforts are pivotal as time is of the essence.

Ransomware Chapter 1_2

Chapter 1, Part 2: All hands on deck in C-suite ransomware response

2022-01-31T13:00:00+00:00By

Following the events that triggered a double extortion ransomware attack, the CEO of fictional private utility company Vulnerable Electric mobilizes her cyber incident response team to begin assessing the path forward to dealing with the cybercriminal(s).

Ransomware Chapter 1_1

Chapter 1, Part 1: Betsy’s human error triggers ransomware crisis

2022-01-31T13:00:00+00:00By

When one of fictional private utility company Vulnerable Electric’s most dedicated employees falls victim to a social engineering hack, her actions in the immediate aftermath are crucial to what will soon become a crisis for the C-suite.

Ransomware cover

CW case study offers 360-degree view of ransomware attack

2022-01-31T13:00:00+00:00By

Learn through the eyes of the C-suite at Vulnerable Electric, a fictional private utility company impacted by a significant ransomware attack, as part of Compliance Week’s third case study.

Climate change ideas

Leaders at BlackRock, SSGA set tone for ESG-focused 2022

2022-01-24T20:43:00+00:00By

The chief executives of BlackRock and State Street Global Advisors earlier this month published their annual letters highlighting topics of importance for the coming year, with climate action and social issues clearly remaining top of mind for both.

Hiltrud Werner index

Volkswagen integrity head Hiltrud Werner to depart in board reshuffle

2021-12-09T22:31:00+00:00By

Hiltrud Werner, board member responsible for integrity and legal affairs at Volkswagen and a key figure in the Dieselgate monitorship, will leave the German automaker on Feb. 1, 2022, as part of a series of managerial changes.