The SEC continues to hit the reset button on executive compensation and corporate governance. In its latest rule changes, issued in mid-December, the Commission mandated that public companies make more disclosures on a wide range of practices involving management and directors. Among the new disclosure requirements: the
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Climate change has moved from the fringe of business to the mainstream. Far from a monolithic issue, it is a set of complex challenges that companies face on a strategic level and in day-to-day activities. Climate change has spawned new regulations and taxes, with more than 300 introduced worldwide last year. However,
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John F. Crowley was elected chairman of the board at
Amicus Therapeutics. Crowley is also CEO of the company.
Hutchinson Technology named
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Aside from continued vilification of bankers, key issues coming out of the World Economic Forum included the question of which country has the capacity to lead us out of the global economic crisis and the palpable but unspoken tension between the U.S. and China. Just days after the conclusion of the 2010 annual economic
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Ensuring that a company has the right CEO is one of the most important responsibilities a public board of directors faces. It requires an ongoing process of succession planning, not a once-every-few-years decision. Boards need to prepare for the unexpected resignation or termination of a CEO, and institute this planning as
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Editor’s note: The National Association of Corporate Directors’ newly published Blue Ribbon Commission Report on Risk Governance examines the objectives of the board’s risk oversight activities, the link between strategy and risk, and the board’s role concerning risk. The BRC report considers how boards might
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The process of turning around a troubled entity is complex. This is made more difficult and compounded by the multiple constituencies involved, all of whom have different agendas. Directors want to avoid risk and litigation. Lenders want a return of their invested capital, preferably with interest. Creditors want
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The 2009 Spencer Stuart Board Index was released in October and while there are no huge surprises, I believe the data signals a shifting center of gravity in corporate governance--a move toward independence, commitment, and accountability.
Consider these highlights from the Spencer Stuart study of the S&P 500 companies for 2009.
- Classified board elections have been almost completely >>>