Section: February 9, 2023 | Vol. 28, Issue 6
CII’s board of directors recently appointed the members of the Corporate Governance Advisory Council (CGAC) and the Markets Advisory Council (MAC) for 2023.
On Capitol Hill, GOP lawmakers have formed a working group to thwart ESG proposals, while Democratic members of Congress have created a caucus to educate legislators about sustainable investing.
In what is being called a trailblazing decision, Vice Chancellor of the Delaware Chancery Court J. Travis Laster ruled that McDonald’s shareholders can sue the company’s former Global Chief People Officer David Fairhurst for failing to prevent pervasive sexual harassment in the workplace.
Oasis Management Company aims to oust all current independent directors at Fujitec, a Japanese elevator maker, during a February 24 extraordinary general meeting.
More than 100 finance industry organizations across the United States and Canada have signed on to a voluntary Diversity, Equity, and Inclusion Code for the Investment Profession, which was launched by CFA Institute a year ago.
Three in four corporate directors believe that board responsibilities will increase in the next several years and that board compositions will change to reflect evolving risks and priorities for companies, finds "What Directors Think," an annual report by Diligent and Corporate Board Member.