Tag Archives | culture

General Counsel: Corporate Culture Influencer

Corporate Culture Influencer

On September 11, 2017, the John L. Weinberg Center for Corporate Governance hosted a discussion on the role of the general counsel and how she should be a positive corporate culture influencer. The Center has been working with the Association of Corporate Counsel (ACC) to examine this issue in light of ACC’s recent research and white paper on this topic.  ACC is a global bar association with more than 43,000 in-house counsel members worldwide.  Participating in the discussion were the following;

  •  Veta T. Richardson, president and CEO of the Association of Corporate Counsel. For four consecutive years she has been named to the NACD’s Directorship 100 as one of the most influential leaders in the boardroom and corporate governance community.  Her own expertise was shaped through more than a decade as in-house counsel at Sunoco, Inc., where her practice focus was corporate governance, transactions, securities disclosure and finance.
  • Gloria Santona, who recently stepped down as executive vice president, general counsel and corporate secretary of McDonald’s after three decades at the company. During that time, she worked closely with McDonald’s board of directors as their liaison to senior management.  Gloria also has served as an independent director of Aon Corporation since 2004.
  • Ann Mulé, Associate Director of the Center, moderated the discussion.  Prior to joining the Center, Ann Mulé served as the chief governance and compliance officer, assistant general counsel, and corporate secretary at Sunoco, Inc. where she worked with Sunoco’s Board and Board committees for many years.

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More Information on General Counsel as Corporate Culture Influencer

More information about the role of the general counsel as a corporate culture influencer, including a copy of ACC’s white paper and the complete bios of the discussion participants.

About the Weinberg Center

The John L. Weinberg Center for Corporate Governance, established in 2000, is one of the longest-standing corporate governance centers in academia, and the first and only corporate governance center in the State of Delaware, the legal home for a majority of the nation’s public corporations.

The Center’s mission is to provide a forum for business leaders, members of corporate boards, shareholders, the judiciary, the legal community, academics, students, and others interested in corporate governance issues to interact, learn and teach, with the goal of positively impacting and improving the field of corporate governance and the capital markets.  Center programs, publications and academic research have helped to shape and influence numerous corporate governance debates and developments on a national and international level.

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Corporate Governance Experts on 21c Fox Bid for Sky

UK DCM&SOn Thursday 16 March in a statement to Parliament the Secretary of State confirmed that she was intervening in the proposed merger between 21st Century Fox, Inc and Sky plc on the media public interest grounds of plurality and commitment to broadcasting standards. This began the process whereby Ofcom and the Competitions and Markets Authority (CMA) prepared reports on the public interests specified and jurisdictional issues, respectively. Continue Reading →

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Video Friday: Greg Sandfort, CEO of Tractor Supply

Greg Sandfort, CEO of Tractor Supply

Greg Sandfort, Tractor Supply

TK Kerstetter, of Boardroom Resources, LLC interviews Greg Sandfort, CEO of Tractor Supply Company  (TSCO). Sandfort is also a Board Member of WD-40 (WDFC).

This session highlights one of America’s most productive companies, Tractor Supply, and focuses on how they create value for their shareholders. TK asks Greg Sandfort, Tractor Supply Co.’s CEO, how culture has contributed to their excellent performance. Tractor Supply is an example of a company grooming their next CEO. Continue Reading →

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Take Action: Vote Proxy Access at Citigroup (C)

citigroupThe deadline for voting online is April 21st. My proposal, #8 on Citi’s proxy (page 97), would bring proxy access (page 40) to our company by allowing shareowners to place board nominees on Citi’s proxy. Don’t be fooled by Citi’s opposition statement, which calls the ownership thresholds “low.” In reality, 1% of Citi is huge; about $1.4B.

The largest shareowners at Citi, Vanguard and SSgA have never initiated an activist campaign but they might vote for candidates put forward by other investors. Public pensions are more likely to take the activist role and nominate candidates.  The four largest public pension funds combined — CalPERS (35%), New York State Common (0.33%), CalSTRS (0.18%), and Florida SBA (0.17%) — would barely hold enough shares to nominate three board members directors under my proposal. Continue Reading →

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