Tag Archives | liability

The Handbook of Board Governance - book cover

The Handbook of Board Governance: Part 3

I continue my review of The Handbook of Board Governance: A Comprehensive Guide for Public, Private, and Not-for-Profit Board Member. With the current post, I provide comments on Part 3 of the book, Risk Governance, Assurance and the Duties of Directors. See prior introductory comments and those on Part 1 and Part 2. I suspect the book will soon be the most popular […]

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Lost in Translation: Directors & Cyber-Risks

Cyber-Risk Forum as Advertised by SVDX Directors aren’t chief technology officers (CTOs): What is the “right” level of inquiry and diligence when it comes to cyber-threats? Where will boards be held responsible for cyber-failures, and what can they do to protect their shareholders and themselves from frivolous suits? What did the Target board fail to […]

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Directors Responsibilities In Canada

Video Friday: Directors Responsibilities in Canada

Leaders from Osler and the Institute of Corporate Directors discuss the evolution of corporate governance and the release of Directors Responsibilities in Canada – a guide to understanding and fulfilling director responsibilities. Although written for Canada, it has general applicability worldwide. After the video, I suggest a couple of additional books. (more…)

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Ground-Breaking Proxy Proposals Headed to Shareowner Vote

Climate Change Portfolio Exposure Boston Common Asset Management has a proposal that will appear on the proxy of PNC Financial Services ($PNC) requesting that it report to shareowners on the greenhouse gas emissions resulting from its lending portfolio and its exposure to climate change risk in its lending, investing, and financing activities. Watch for your proxy. The […]

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J&J Directors on the Line

A group of Johnson & Johnson (J&J) shareholders are seeking legal retribution for what they see as managerial oversights and ignorance of “red flags” that may have provided notice of the recent federal investigations of the company’s “manufacturing defects” and potentially illegal “marketing practices.” The multiple investigations began earlier this year when the company froze […]

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Who May Sue You and Why: How to Reduce Your ERISA Risks, and the Role of Fiduciary Liability Insurance

Chubb asked the ERISA-experienced law firm of Morgan Lewis & Bockius, LLP, along with Alison L . Martin of Chubb’s Specialty Claims Department, to write this free booklet to help customers and brokers understand the potential liability that fiduciaries face in today’s litigious environment. Some of the most significant litigation concerning retirement plans includes: “Stock […]

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Increase Liability Disclosures

(Endorse our investor sign-on letter by sending an e-mail with your name, title and organization to [email protected]) Should Companies Disclose More Information To Investors About the Liabilities They Face? by Sanford Lewis, Counsel, Investor Environmental Health Network When investors are unaware of impending financial pain at  the companies in their portfolios,  they often face expensive […]

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Two Overlooked Lessons From the Financial Crisis

In the year-end reflections two contributing factors deserve more attention. First, "prophetic warnings" from religious groups on the dangers of subprime loans via shareowner resolutions. Second, a call from Sanford Lewis for boards to revoke implicit policies of "don’t ask, don’t tell" with regard to liability issues. The current financial meltdown should remind us of […]

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