In August, the Business Roundtable redefined the purpose of the corporation to include a commitment to all stakeholders, not just shareholders. Will companies start paying C-suite executives based on how happy the employees are? Will they get annual bonuses if the company tops the list of Consumer Reports?
JPMorgan & Chase CEO Jamie Dimon has called investors who use proxy advisors “lazy” for blindly following advice on matters like executive compensation or mergers. Now, he and other corporate executives may be getting some relief.
It can be challenging to be a CISO, or chief information security officer. Few people inside the organization understand what they do, but still place an enormous amount of pressure on them to safeguard the organization.
Women are in every realm of government, law, academics and private enterprise — but they aren’t in every boardroom. California is trying to change that, becoming the first state in the nation to require female representation on public company boards.
The United States may no longer be the country for entrepreneurs to try out new technology and break things, says Ed Knight, executive vice president and global chief legal and policy officer at Nasdaq. He and Melissa Sawyer, partner at Sullivan & Cromwell, discuss some of the emerging issues in regulation and how regulators are changing their focus.
The shifting attitude of regulators has been welcome news for the industry after the roll-out of the Dodd-Frank Act in 2010, the most significant financial law in decades.
Energy headlines this year have focused on the federal government’s regulatory roll back and the lawsuits challenging those decisions. As a result, energy executives have to monitor a dizzying array of developments, changes and threats in the compliance space.
The federal government and the states just can’t seem to agree these days. Two major areas of disagreement are the legal status of marijuana and the issue of the environment.
One of the biggest changes to healthcare for years has been the shift from fee-for-service to reimbursements based on the quality of care. How has that shift been going?
The latest salvo in the debate over the role of the corporation in society was struck by Jamie Gamble, a former lawyer for the insurance company American Insurance Group during the financial crisis and beyond. He proposed in an essay that modern executives are “legally obligated to act like sociopaths,” because of settled law for most corporate charters that puts shareholder rights above employees, the environment, customers and the community at large.