Boards & Governance

The ideal relationship between legal, ethics and compliance professionals and the board of directors is one characterized by transparency and trust. Communicating about current and future risks honestly and clearly with the board—and getting the support needed in return—is a perpetual challenge. Our contributors discuss best practices in reporting, board structure, lines of communication, and more.

Compliance Officers Still Concerned About Personal Liability

By |2017-06-02T16:36:25+00:00June 2nd, 2017|Boards & Governance|

Chief Compliance Officers (CCOs) are less concerned about personal liability as their role has gained a significant amount of independence, traction and prominence within the last year—that’s according to a recent report by global law firm, DLA Piper. The 2017 Compliance & Risk Report also found that CCOs feel that much more work is needed to ...

The Ethics of Lockheed’s Sustainable Business Practices

By |2019-12-30T23:32:52+00:00May 25th, 2017|Boards & Governance|

Dr. Leo S. Mackay, Jr. is Senior Vice President of Internal Audit, Ethics, and Sustainability at Lockheed Martin. The core values of Lockheed Martin are:  do what’s right, respect others, and perform with excellence. Our commitment to integrity, built on these values, drives us to hold our 98,000 employees, our board of directors and our ...

Q&A: The Role of Metrics in Ethics, Compliance and Culture

By |2017-04-20T15:52:21+00:00April 20th, 2017|***Featured Expert, Boards & Governance|

Alan Sauber Talks with Ellen Wolf About the Role of Metrics in Ethics, Compliance and Culture. Wolf  has served as a member of the Board of Directors of Premier, Inc. since October 2013.  More below. Propelled by competition, businesses today are constantly measuring their value. This is largely assessed from the perspective of the shareholder, ...

Royal Caribbean Cruises CEO Discusses Leading the Way

By |2017-03-28T17:05:11+00:00March 11th, 2017|***Featured Expert, Boards & Governance|

When it comes to being passionate about what you do, Richard D. Fain is among the highest ranks. After nearly three decades with Royal Caribbean Cruises, Ltd. (“Royal Caribbean Cruises”), one of the 2016 World’s Most Ethical Companies®, Richard brings his valuable experience to the table. In this interview with Ethisphere, we discuss the evolution ...

General Data Protection Regulation: Are You Prepared?

By |2017-02-17T19:37:00+00:00February 17th, 2017|Boards & Governance|

Last year the EU approved its General Data Protection Regulation, or GDPR, the latest regulation designed to protect citizens’ privacy amidst a seemingly endless flood of data breaches worldwide. This new regulation reinforces Europe’s reputation as today’s toughest watchdog on privacy and creates new risks (and potential penalties) for companies operating across the globe. The ...

21st Century Governance: Leaders are Accountable for Making Things Happen

By |2017-03-28T17:07:05+00:00January 17th, 2017|Boards & Governance|

Earlier this year, BlackRock’s chief executive Larry Fink wrote a letter to CEOs of large corporations, including all those on the S&P 500, decrying the “short-termism afflicting corporate behavior.” As the world’s largest investor, Mr. Fink was using his $4.6 trillion megaphone to demand that leaders eschew quarterly reports, and instead demonstrate the visionary proficiency ...

From PwC: Investors, Corporations, and ESG: Bridging the Gap 

By |2017-01-15T20:42:57+00:00October 31st, 2016|Boards & Governance|

This post was submitted by our partners at PwC Governance Insights Center.  Environmental, social, and governance (ESG) reporting has become mainstream for companies, and investors expect transparency around this information. But there is a disconnect between what corporates disclose and what investors want to know. How can that gap be bridged? PwC’s new ESG Pulse explores ...

Board Governance in the Age of Shareholder Empowerment

By |2017-01-15T20:42:57+00:00October 12th, 2016|Boards & Governance|

Editor's note: This post was submitted by our partners at PwC Governance Insights Center.  Insights from PwC's Annual Corporate Directors Survey Our 2016 Annual Corporate Directors Survey highlights continued changes in the boardroom. Companies are facing disruption from new technologies, geopolitical turmoil, cyber threats, increased regulation, and more vocal investors. Overseeing a company in today’s challenging business ...

From PwC: Maximizing the Value of the Internal Auditor

By |2017-01-15T20:43:01+00:00September 6th, 2016|Boards & Governance|

As audit committees face a wider range of business risks and increased expectations from stakeholders, many audit committees are turning to a particular resource—the internal audit function. Internal audit (IA) can be viewed by committee members as an objective insider—one that can serve as their eyes and ears. Maximizing the value proposition of the internal audit group ...

From PwC: Shareholder Engagement on Executive Compensation

By |2017-01-15T20:43:02+00:00July 21st, 2016|Boards & Governance|

This post was submitted by our partners at PwC Governance Insights Center.  Boards are engaging more often with shareholders and other stakeholders about executive compensation. We take a close look at the drivers behind the interest in this topic in a new series PwC co-authored with Cleary Gottlieb Steen & Hamilton LLP. The modules in this ...