Thursday February 9, 2012
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Entries by Peter Gleason

Will some provisions of Dodd-Frank ultimately meet their doom?

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In alignment with the NACD Key Agreed Principles of independence and transparency, NACD agrees that proxy advisory firms should be subject to enhanced disclosure regulations.

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Today’s luncheon session, “Globalizing the Board,” featured Ambassador Susan Schwab, former U.S. Trade Representative, who believes that building the right board means bringing a “global mindset” to the table.

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In today’s second plenary session, the Honorable William B. Chandler III from the Delaware Court of Chancery “held court” with William M. Lafferty, defense attorney with Morris, Nichols, Arsht & Tunnell LLP; Honorable Norman Veasey, senior partner with Weil, Gotshal & Manges LLP; and Jessica Zeldin, shareholder attorney, with Rosenthal, Monhait & Goddess, PA on “Emerging Legal Trends.”

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This morning’s plenary on “Performance Metrics That Make a Difference,” brought together the two co-chairs of the 2010 NACD Blue Ribbon Commission on Performance Metrics, John Dillon and Bill White, as well as NACD Chairman Barbara Hackman Franklin and Jannice Koors from Pearl Meyer & Partners.

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NACD’s Annual Corporate Governance Conference opened with a topic that hangs heavy in the air. The first plenary session concentrated on board-shareholder communications in the aftermath of the passage of the Dodd-Frank Act.

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Though an interim CEO may be part of an “emergency” succession plan, boards must prepare to fill leadership roles when needed.

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Governance practices that promote integrity and ethics are a feature of successful, sustainable organizations.

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Last Wednesday, the SEC announced its decision to review the proxy voting system. This system, referred to by the SEC as “proxy plumbing,” includes shareholder voting, communication, and vote tabulation. The SEC is addressing current concerns in a concept release which will solicit comment from the investor and corporate community for 90 days after publication [...]

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The requirement for majority voting was dropped from the long list of governance provisions and is not part of the final bill.

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Sharon Allen
Ted Allen
David W. Anderson
Bart van Ark
Joseph E. Bachelder III
Sheila C. Bair
Liz Barron
Lucian Bebchuk
Ben S. Bernanke
Lloyd Blankfein
Robert C. Boneberg
Dan Borge
Carol Bowie
Kevin F. Brady
Peter Bresnan
Warren Buffett
Francis Byrd
John J. Cannon III
Samantha Carey
Carolyn Chin
Christopher Y. Clark
Roger Coffin
James R. Copland
Anthony Costantini
Jeff Cunningham
Kenneth Daly
Robert L. Dilenschneider
Adam J. Epstein
John F. Budd Jr.
Fay Feeney
Robin A. Ferracone
Rita Foley
Randall Fons
Russ Fradin
Eugene H. Fram
Barney Frank
Robert Galford
Timothy F. Geithner
Elizabeth Ghaffari
Peter Gleason
Neil Goldenberg
Jeremy L. Goldstein
Michael Goldstein
Amy L. Goodman
Holly Gregory
William R. Gruver
Ben W. Heineman Jr.
Hugh Hewitt
Suzanne Hopgood
Gerard F. Hurley
Kate Iannelli
Jane Ingalls
William M. Isaac
Robert Jordan
Karen Kane
David Kelly
Stasia Kelly
Roger Kenny
Robert Khuzami
Kevin LaCroix
A.G. Lafley
Alex Lajoux
Richard S. Levick and Leo M. Tilman
Richard S. Levick
Stuart R. Levine
Martin Lipton
Jay Lorsch
Julie Garland McLellan
Keith Meyer
Pearl Meyer
Russell Miller
Ira Millstein
Rafi Mohammed
Peter Morici
Nicky Mukerji
Barack Obama
Henry M. Paulson Jr.
Michael W. Peregrine
Robert C. Pozen
James H. Quigley
Janice Reals Ellig
Robert Reder
Mike Rozembajgier
Mary L. Schapiro
Alice Schroeder
Stephen A. Schwarzman
Brendan Sheehan
Douglas H. Shulman
Andrew Ross Sorkin
NACD Staff
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Kari Stoever
Leo Strine Jr.
René Stulz
James Tompkins
Ken Vander Wal
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Elizabeth Warren
David Webber
Rob Yellen
Frank G. Zarb Jr.