Board members are taking on more responsibility for cybersecurity strategy at the companies they oversee. But they might be overlooking one of the organization’s biggest vulnerabilities: themselves.
Tag: board of directors
The Pace of Public D&O Price Decreases Slowed Down in Q4: Aon
The pace of public directors and officers liability insurance price decreases again slowed in the fourth quarter of 2023, with the average price per $1 million in limits dropping by 17.5%, according to Aon’s Quarterly D&O Pricing Index.
Allianz: Prepare for Directors and Officers (D&O) Headwinds
Ongoing inflation, refinancing and insolvency pressures, geopolitical issues, and electoral uncertainty are just some of the headwinds D&Os need to be prepared for in 2024, according to Allianz Commercial financial lines and D&O experts.
Lyft to Pay $10M for Concealing Director’s Role in Pre-IPO Stock Sale
Ridesharing company Lyft Inc. has agreed to pay a $10 million civil penalty to resolve Securities and Exchange Commission (SEC) allegations that it failed to report a board director’s involvement in a $424 million private share sale before the company’s initial public offering (IPO).
Shareholders Call for HIPPO Board to Initiate a Strategic Review of Company
A group of concerned HIPPO shareholders have called for the board to immediately announce and run a strategic review process with the goal of preserving and maximizing value from the Company’s capital, Spinnaker Insurance Company and NOLs.
Investors Increasingly Voting Against Directors Seen as Behind the Climate Change Curve
Investors are increasingly voting against corporate director elections in order to persuade companies that they perceive to be climate change laggards to raise their ambitions. According to shareholder disclosures, investors have cited climate change as a reason for opposing the election of a management-backed director at 225 U.S. companies so far this year, up from… Continue reading Investors Increasingly Voting Against Directors Seen as Behind the Climate Change Curve
4 in 5 Companies to Change ESG Measures in Executive Pay Plans over Next 3 Years: WTW
Global events such as the pandemic, economic uncertainties, and social and racial injustice are sparking companies around the world to maintain or accelerate changes to their environmental, social and governance (ESG) priorities, according to a new survey of boards of directors by Willis Towers Watson, a leading global advisory, broking and solutions company. “With institutional… Continue reading 4 in 5 Companies to Change ESG Measures in Executive Pay Plans over Next 3 Years: WTW
AmWINS Appoints New Board Director
AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, today announced the appointment of Valerie G. Brown to its board of directors. “Valerie’s leadership and business acumen will complement the diverse talents of our existing board members,” said Scott Purviance, CEO of AmWINS. “She is a highly respected leader within the… Continue reading AmWINS Appoints New Board Director
Boards Begin Planning for Long-Term Fallout from Coronavirus Pandemic
Corporate directors, after spending weeks in crisis mode, have begun to plan for the long-term fallout from the coronavirus pandemic on their operations. Thirteen percent of directors said their companies have delayed a planned investment for 2020 because of the outbreak, according to a survey by the National Association of Corporate Directors. The survey was… Continue reading Boards Begin Planning for Long-Term Fallout from Coronavirus Pandemic
Former Aetna CEO Mark Bertolini Says He Is Being Pushed Off CVS Board
Former Aetna Inc. Chief Executive Mark Bertolini said he is being pushed off the board of CVS Health Corp. Mr. Bertolini, who joined the CVS board after the November 2018 closing of CVS’s nearly $70 billion deal to buy Aetna, told The Wall Street Journal he was willing to stay on the board, and he… Continue reading Former Aetna CEO Mark Bertolini Says He Is Being Pushed Off CVS Board