Governance Archives - CFO

The House Sticks its Nose into Audit Rotation

Management Accounting

The House Sticks its Nose into Audit Rotation

U.S. Representatives are not merely waging a fight against auditor rotation. They are trying to marginalize the Public Company Accounting Oversight Board.

By Vincent Ryan | October 24, 2021

Will the SEC Finally Approve a Tougher Clawback Rule?

Will the SEC Finally Approve a Tougher Clawback Rule?

A 2015 proposal, never adopted, would put the incentive-based compensation of other executive officers at risk.

By Vincent Ryan | October 7, 2021

Limit ESG Disclosures to Cash-Flow Impacts: Economists

Risk Management

Limit ESG Disclosures to Cash-Flow Impacts: Economists

The SEC should avoid forcing companies to disclose how business operations affect the environment and society, says the Financial Economist Roundtable.

By Vincent Ryan | October 6, 2021

ESG Targets Gain Foothold in Exec Comp Plans

ESG Targets Gain Foothold in Exec Comp Plans

But compensation committees still struggle to determine which metrics drive the right behaviors and which merely pad executive pay.

By Vincent Ryan | September 27, 2021

Materiality Question Dogs SEC’s ESG Disclosure Project

Materiality Question Dogs SEC’s ESG Disclosure Project

Will the SEC adhere to the concept of materiality when formulating new climate risk disclosure rules?

By Vincent Ryan | August 17, 2021

SEC Backs Nasdaq’s Boardroom Diversity Plan

Risk & Compliance

SEC Backs Nasdaq’s Boardroom Diversity Plan

The decision "marks a historic moment for advocates and investors who have been pushing for [more diversity] in corporate America’s higher ranks."

By Matthew Heller | August 10, 2021

GE Shareholders Reject Pay Plan for CEO Culp

GE Shareholders Reject Pay Plan for CEO Culp

“We need GE to invest in America, not just one top executive. We are glad that shareholders are starting to see it the same way.”

By Matthew Heller | May 5, 2021

Former U.S. Treasurer Joins Ripple’s Board Amid SEC Skirmish

Former U.S. Treasurer Joins Ripple’s Board Amid SEC Skirmish

The blockchain technology giant also hired Kristina Campbell, previously finance chief at fintech firms Green Dot and PayNearMe, as its CFO.

By Lauren Muskett | May 4, 2021

Delek Pushes Back At Carl Icahn Proxy Contest

Risk & Compliance

Delek Pushes Back At Carl Icahn Proxy Contest

“Delek desperately needs new strategic direction,” according to the CEO of competitor CVR Energy.

By Vincent Ryan | April 12, 2021

PCAOB Forms Stakeholder Advisory Group

PCAOB Forms Stakeholder Advisory Group

The 18-person panel will have three seats each for audit committee members or directors and financial reporting oversight personnel, including CFOs.

By Vincent Ryan | March 30, 2021

GameStop Board to See Mass Departure

Risk & Compliance

GameStop Board to See Mass Departure

Chewy co-founder Ryan Cohen, who owns a 13% stake in the retailer through his RC Ventures, has been pushing for changes at the company.

By Lauren Muskett | March 25, 2021

Danone Board Ousts CEO (and Former CFO) Emmanuel Faber

Danone Board Ousts CEO (and Former CFO) Emmanuel Faber

Danone faced increasing pressure from shareholders to replace Faber, whom they blamed for lackluster sales.

By Vincent Ryan | March 15, 2021

Senate to Begin Deliberations on Latest COVID-19 Relief Bill

Risk & Compliance

Senate to Begin Deliberations on Latest COVID-19 Relief Bill

The $1.9 trillion relief bill was passed by the House over the weekend.

By Lauren Muskett | March 1, 2021

Kohl’s Rejects Activists’ Push for Board Shakeup

Risk & Compliance

Kohl’s Rejects Activists’ Push for Board Shakeup

“The board has failed to help develop and oversee a strategic plan to respond to a rapidly-changing retail landscape,” the investors said.

By Matthew Heller | February 23, 2021

Data and AI Belong At the Heart of ESG Initiatives

The primary cause of ESG failures is data: lack of data, lack of standards, and lack of understanding of how to use data.

By Vincent Ryan | January 25, 2021