Corporate governance is the system and structures of rules, practices and processes by which a company is directed and controlled, the goals and objectives of the company are established and the performance of the company is tracked. Traditionally, corporate governance has focused on the owners of the corporation...
The actions of the directors in overseeing their company’s response to the Covid-19 pandemic need to be taken in the broader context of prior case law defining and interpreting the oversight responsibilities of the board. Most notably for directors of companies incorporated in Delaware, the...
The legal department, particularly the general counsel, has a significant role to play in developing and implementing the corporate social responsibility (CSR) and sustainability initiatives of any organization. While CSR is often described as “going beyond the law,” a good deal of the work relating...
Community engagement and investment is a multi-faceted activity that requires formal management and planning. Working with and in the community is part of the broader corporate social responsibility (“CSR”) activities of the company and this means that management should begin at the top of the...
CSR and corporate sustainability are broad and challenging topics and the directors must carefully consider how the board’s duties and responsibilities will be discharged and allocated among board members. According to KPMG, the structure and processes a board creates to oversee CSR and corporate sustainability...
Sandra Taylor, who consulted with major brands include Starbucks and Eastman Kodak on the development and implementation of global corporate social responsibility (“CSR”) strategies, laid out seven steps that companies preparing for listing on public securities exchanges should take when implementing board oversight of corporate...
While corporate social responsibility (“CSR”) and corporate sustainability need to have an important place on the agenda for full board meetings, larger companies typically rely on one or more committees when it comes to allocating specific tasks and tapping into specialized resources and expertise.[1] One...
One of the most common descriptions of corporate governance has been the way in which corporations are directed, administered and controlled and the actual activities of the directors and senior executives have been referred to as steering, guiding and piloting the corporation through the challenges...
A discussion paper on board adoption and oversight of corporate sustainability prepared by The Global Compact LEAD included the following observation[1]: “Sustainability is increasingly recognized as a strategic imperative for businesses globally. Far more than when the Global Compact was launched in 1999, companies recognize that...
As interest in CSR and corporate sustainability has grown, companies have found that they are subject to heightened scrutiny and that the traditional disclosure practices that focused primarily, if not exclusively, on financial information and performance and related risks are no longer adequate. Companies must...