News

  • As new risks multiply, the audit committee has become the “kitchen junk drawer” for many corporate boards. The workload of the powerful committees has expanded sharply beyond their core role of overseeing a company’s financial reporting. They are grappling with new regulations, whistleblower claims and issues like cybersecurity and foreign corruption. In addition, the Securities [...]

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  • Many boards find themselves under both greater scrutiny from regulators, shareholders, the media and analysts and rising expectations for improved governance and risk management. And the more effective boards are looking closely at their organization’s level of emphasis on risk management practices, strategies, processes and approaches. “Effective boards also are putting in place a comprehensive and [...]

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  • Boards of directors are working hard to define and fulfill their risk governance and risk oversight roles and responsibilities. The changing economic, business, competitive and regulatory landscapes ensure that this work will continually evolve, so staying abreast (or ahead) of developments is the order of the day. Within that context, and given competing responsibilities, boards need to direct their [...]

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  • 11/11/2014

    Female CEOs Make Room for Female Directors

    Directors Institute

    About 54% of the 67 concerns in the Standard & Poor’s 1500 Index with a female CEO now have at least three women in the boardroom. That is a far higher proportion than the 15.5% of such firms led by a man, concludes an analysis for The Wall Street Journal by governance researchers at MSCI Inc. Women comprise 15.8% of S&P 1500 boards, up slightly from 12.5% in 2009, it found.

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  • 11/03/2014

    Why Women on Boards Does Not Equal Diversity

    Directors Institute

    Putting women on boards does not necessarily mean more women make it to the top of the executive tree, according to number crunching by New Financial, a London-based think tank. It has collected data from 200 capital markets institutions, from hedge funds to exchanges and regulators across Europe to see how many women they employ at [...]

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  • Bank of America Corp. ’s decision to make Brian Moynihan chairman as well as chief executive is drawing fire from some influential shareholders. Three of the largest pension systems in the U.S. are pushing back on the bank’s move, announced earlier this month. The resistance from the California Public Employees’ Retirement System, the California State Teachers’ Retirement System [...]

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  • 06/11/2014

    We Want You: On Joining the Board

    Directors Institute

    We Want You: On Joining the Board If a nonprofit organization invites you to join its board, be sure to do your homework before saying yes. That means asking plenty of questions — like these. BY STEPHEN CAMPISI AND DAVID RATCLIFFE, U.S. TRUST Original Article HERE Serving in a leadership role for a nonprofit organization [...]

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  • http://www.irishtimes.com/news/crime-and-law/cracks-are-emerging-in-the-corporate-glass-ceiling-1.1813661 Mary Brassil The US Federal Glass Ceiling Commission defined a “glass ceiling” as a political term to describe the unseen, yet unbreachable barrier, that keeps minorities and women from rising to the upper rungs of the corporate ladder, regardless of their qualifications or achievements. However, cracks have begun to appear in this ceiling and [...]

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