Adding fuel to the debate, the U.S. Business Roundtable appears to have retreated from its earlier shareholder capitalism stance by issuing a statement about a year ago that embraced the idea that corporations and their managements have a responsibility to a broader group of stakeholders, including customers, suppliers, and workers...
While workers have taken a Covid hit to their pay, US bosses continue to do far better...
As investor demand for socially responsible investing continues to rise, the U.S. Securities and Exchange Commission (SEC) has increased its focus on compliance practices of investment advisors and funds...
In a recent post on the Nickel Report (“Environmental, Social and Corporate Governance: What are the Risks, Really?”), our colleagues provide a thoughtful discussion of various risks, trending issues, and emerging concerns arising from environmental, social, and corporate governance (“ESG”)...
(ESG) spending is gaining momentum, as companies devote more of their business plans to the concept -- and younger investors increasingly take sustainability into account on where to park their cash...
For many companies, decisions how to implement “return to work” strategies may be complex with both workforce culture and legal implications...
In remarks in March to the Center for American Progress, Acting SEC Chair Allison Lee said that she had asked the staff to consider whether the SEC should “re-open the comment file on the 2016 universal proxy rule proposal to take into account market developments since then and move towards finalization.”...
On March 5, 2021, the US Securities and Exchange Commission (SEC) announced that it had charged AT&T, Inc. with “repeatedly violating” Regulation Fair Disclosure (Reg FD) in 2016...
At the outset of the pandemic, employees were the top priority of boards, second only to continued liquidity. That focus intensified during the social unrest following the death of George Floyd...
Following these ten steps will prepare SPAC boards, sponsors, and advisors for the likely shareholder suits and potential regulatory investigations that are increasingly becoming part of the SPAC landscape...
The co-founder and president of the Center for Political Accountability discusses the growth in support for shareholder proposals urging companies to disclose election-related spending and why companies that don’t disclose these payments face political risk...
The field of human capital is a vast landscape from which investors can glean a significant amount of insight through the ingestion of vendor-collected datasets. It often acts as a supplementary source to company-reported financial information...
Proposals and pressures associated with payment of a “living wage” to employees may present themselves on the boardroom agenda much sooner than corporate leaders expect...
AgTech companies face an exciting opportunity to play a large role in achieving sustainability and promoting ESG...
The board of directors is the nucleus of internal corporate governance. The internationally predominant board model, as known from the US or the UK, reveals a one-tier structure...
Fast-growing startups are often building the plane while flying it, but the most successful ones are those that are genuinely focused on delivering value to all of their key stakeholders...
An entire executive unit operating at an enterprise level — this is a dream solution many CEOs crave. In fact, it continually ranks near the top of wish lists when we ask CEOs to envision what’s next for their business to thrive...
As far as society is concerned—as far as a company’s customers, employees, and even investors are concerned—how a company behaves in the world is now as important as what it sells or produces...
Unsurprisingly, Chevron is not the only company agitating to display its newly found environmental, social, and corporate governance (ESG) ...
Fenwick has released its updated study about gender diversity on boards and executive management teams of the technology and life science companies included in the Silicon Valley 150 Index and very large public companies included in the Standard & Poor’s 100 Index...
A change in the way asset managers define overboarding may deter activists from nominating their own employees to company boards, according to a client memo from law firm Olshan Frome Wolosky...
GameStop Corp. (NYSE: GME) takes the next step in its transformation as a company with a plan to nominate a new slate of individuals for its board of directors, including a new board chair who has been a vocal activist investor...
Can fiduciaries of Delaware corporations breach their duties and face damages for a merger that provides stockholders with the equivalent of fair value in a judicial appraisal? The answer, which may surprise some, is yes...
Black business leaders' efforts to stop voter suppression in the wake of Georgia's recently enacted voting bill illustrate the vanishing separation between protest and politics in America today. They also embody the work of Georgia's most famous civil rights activist, Dr. Martin Luther King Jr. Over 70 Black executives , led by former American Express CEO Ken Chenault, signed a letter released at the end of March that pressed corporate America to take a stand on voting rights, one of the central moral and political issues in the United States today. "The new law and those like it are ...