Sentences with phrase «board oversight of»

And with growing evidence that diversity is good for the bottom line, the recent spate of sexual harassment incidents is an argument for requiring board oversight of ethics and behavior, he said.

Although the guidance does not impose any new requirements on issuers, the SEC's emphasis on Board oversight of cybersecurity provides new meaning on existing requirements.

The U.K. had the highest proportion of companies with board oversight of climate change at 96 percent, as well as the highest proportion of firms — around 97 percent — disclosing their Scope 1 and 2 emissions.

At the other end of the scale, the U.S. has the lowest proportion of companies providing board oversight of climate issues at just 66 percent, while China has the lowest number of firms disclosing their greenhouse gases across Scope 1, 2 and 3 emissions.

Topics include increased emphasis on director skills and diversity, quantum compensation concerns, and board oversight of ESG issues.

The group has announced that it is filing multiple shareholder proposals on board oversight of business risks related to opioid misuse at 10 opioid distributor and manufacturing companies.

However, this increased oversight and transparency does not necessarily translate into less spending, as companies with board oversight of political expenditures spent about 30 % more in 2010 than those without such explicit policies.

Not exact matches

April 30 - A state of Michigan board voted on Monday to end active oversight of Detroit's finances after the city managed to balance its budgets since exiting bankruptcy in 2014..

In addition to the removal of Fielding as CEO, the startup is «taking a number of steps to improve Ripcord's culture, including but not limited to increased training, reporting mechanisms and Board oversight,» the representative said.

We are taking a number of steps to improve Ripcord's culture, including but not limited to increased training, reporting mechanisms and Board oversight.

Chairman of the board Robert Milton also plans to step down, along with board member Laurence Simmons, who is a member of the oversight council.

April 30 (Reuters)- A state of Michigan board voted on Monday to end active oversight of Detroit's finances after the city managed to balance its budgets since exiting bankruptcy in 2014.

Boards of directors are ethically and legally responsible for the oversight of firms.

«Because Mylan's Board has determined that risk oversight is the responsibility of the full board, all incumbent directors should be considered accountable for material failures of risk oversight over a number of years, when warning signs were available to the company but no actions appear to have been taken to mitigate or head off the significant potential risks that have since materialBoard has determined that risk oversight is the responsibility of the full board, all incumbent directors should be considered accountable for material failures of risk oversight over a number of years, when warning signs were available to the company but no actions appear to have been taken to mitigate or head off the significant potential risks that have since materialboard, all incumbent directors should be considered accountable for material failures of risk oversight over a number of years, when warning signs were available to the company but no actions appear to have been taken to mitigate or head off the significant potential risks that have since materialized.

BOSTON, March 28 - A member of a Harvard University oversight board made a rare public call for the school to divest itself from fossil fuel stocks, a move that shows continuing divisions on the issue as a new president takes over at the institution and its leading $ 37.1 billion endowment.

According to their latest proxies, the boards of Citi and Morgan Stanley have assigned oversight responsibility for the plans to their boards» risk committees, and the board of Wells Fargo has given the chore to its audit committee.

Mutual fund company Northwest & Ethical Investments LP has argued RIM co-CEOs Jim Balsillie and Mike Lazaridis should not also be co-chairs of the company's board, arguing a «high performance» board needs independent oversight of management.

Further, instead of having companies pay an audit firm directly, Turner would have the PCAOB collect money from the companies for the services that a board's audit committee negotiates, using the same mechanism companies use today to pay the PCAOB for oversight of auditors.

For example, the proposed rule suggests that boards should receive data to perform its compensation oversight but does not provide clear guidance on the kinds of information boards should receive.

But regarding where the CEO lived, Weinberg showed how little the board was in charge and his own ambivalence about the board's level of oversight.

The oft - praised report commissioned by the Enron board and even reports commissioned by the government and bankruptcy courts, such as the recent Financial Crisis Inquiry Report or the Valukas report on Lehman, describe lapses of oversight but do not contain clear, pointed characterizations or condemnations of the sort the Olympus report provides.

Representatives said they would not give more details about the wording or say if it reflected a decision by Viacom's board of directors, which has been under fire for lax oversight of executive compensation.

As a matter of governance, the board is assigned to perform its oversight in the best interests of the company and all of its shareholders and stakeholders.

I am deeply concerned by what I view as the lack of independence and responsible oversight demonstrated by the current board of directors.

This summer, former chief accountant of the SEC Lynn Turner told me that a company's investors should decide if the money spent on auditors is worth spending and that the PCAOB should collect money from the companies for the services that a board's audit committee negotiates, using the same mechanism companies use today to pay the PCAOB for oversight of auditors.

Its board of auditors (an oversight structure in Japan that does not exist in the U.S.) commissioned such a report in May 2009 and found no wrongdoing.

Each of the directors other than Larry, Sergey, Eric, Sundar, and Diane is independent (see «Director Independence» on page 26 of this proxy statement), and the Board of Directors believes that the independent directors provide effective oversight of management.

Each of the directors other than Larry, Sergey, and Eric is independent (see «Director Independence» on page 17 of this proxy statement), and the board of directors believes that the independent directors provide effective oversight of management.

In addition, the Board has delegated oversight of certain categories of risk to the Audit and Compensation Committees, which are comprised entirely of independent directors.

The Audit Committee serves a Board - level oversight role, in which it provides advice, counsel, and direction to management and to the auditors on the basis of the information it receives, discussions with management and the auditors, and the experience of the Audit Committee's members in business, financial, and accounting matters.

The recommendations to change Uber's culture consisted of 10 main categories aimed at creating accountability for Uber's senior management, enhancing the board's oversight and revamping the company's internal controls.

A number of institutional investors said that a strong, objective board leader can best provide the necessary oversight of management.

In the letter, in addition to Mr. Kalanick's immediate resignation, the five shareholders asked for improved oversight of the company's board by filling two of three empty board seats with «truly independent directors.»

CPA - Zicklin Index of Corporate Political Disclosure and Accountability provides a comprehensive look at how S&P 100 companies are navigating political spending disclosure and board oversight since Citizens United.

For example, we will not be required to comply with the requirements that a majority of the board of directors of our general partner consist of independent directors and that we have independent director oversight of executive officer compensation and director nominations.

The Board performs its risk oversight function primarily through its five standing committees, which report to the whole Board and are comprised solely of independent directors.

Audit Committee The Audit Committee assists the Board of Directors in fulfilling its oversight responsibilities by monitoring the Company's financial reporting practices and financial disclosure.

As described under «Committees of the Board,» each of the Board's committees is responsible for oversight of specific risks as outlined in each of its charters.

The U.S. House Natural Resources Committee this week will consider legislation that will provide bankruptcy powers to Puerto Rico while subjecting it to the authority of a federal oversight board.

«Not only will each independent chairman set each board's agenda... the independent chairman can direct a board's attention to the matters most in need of critical review and oversight,» SEC chairman William Donaldson stated in a 2004 speech to the Independent Directors Council.

The Board performs its risk oversight function primarily through its seven standing committees, including its Risk Committee, all of which report to the whole Board and are comprised solely of independent directors.

This was the backdrop for the appointment of Mark Carney, the Bank of Canada's youthful governor, to head a key oversight body called the Financial Stability Board.

Duggan, at the same news conference, took issue with Rhodes» concern that it is a possible conflict of interest for the mayor and a member of the city council to have a seat on a nine - member, state - created oversight board for a post-bankruptcy Detroit.

Holder suggested that Uber add additional independent directors; install an independent board chair; increase the size, role, and independence of its audit committee; and create an oversight board.

Recent developments, including ongoing investigations into bribery and corruption at the Company's subsidiaries in Mexico, China, Brazil, and India; new revelations of accounting fraud at the Company's China operations; a recent ruling by a National Labor Relations Board Administrative Law Judge against the Company for its illegal discipline of employees; and, the NLRB decision to authorize a nationwide complaint against the Company for violations of the National Labor Relations Act, highlight the need for enhanced oversight of Wal - Mart's corporate culture and behavior.

Mr. Baker has a law degree from the University of Florida School of Law, and his experience as a lawyer and member of the board of a large public utility company also contributes important risk management and regulatory oversight skills to the Bboard of a large public utility company also contributes important risk management and regulatory oversight skills to the BoardBoard.

These Corporate Governance Guidelines (these «Guidelines») have been adopted by the Board of Directors (the «Board») of Franklin Resources, Inc. (the «Company» or «Corporation») in connection with its oversight of the Company's management and business affairs.

The guidance and direction provided by the lead director reinforce the Board's independent oversight of management and contribute to communication among members of the Board.

We believe this structure of a separate Executive Chairman of our board of directors and Chief Executive Officer, combined with a Lead Independent Director, reinforces the independence of our board of directors as a whole and results in an effective balancing of responsibilities, experience and independent perspective that meets the current corporate governance needs and oversight responsibilities of our board of directors.

The Audit Committee represents and assists the Board in fulfilling its oversight responsibility relating to our financial statements and financial reporting process, the qualifications, independence, and performance of our independent auditors, the performance of our internal audit function, legal and regulatory matters, and our compliance policies and procedures.