Amanda Gerut

Reporting on succession planning and talent development, board composition and recruiting and director pay.

[Amanda Gerut @AgendaGerut]

https://t.co/dOCdGdHSIp | SEC Announces Enforcement Task Force Focused on Climate and ESG Issues https://t.co/UykBCPQSpx

"The initial focus will be to identify any material gaps or misstatements in issuers’ disclosure of climate risks under existing rules."

[Amanda Gerut @AgendaGerut]

Brewer would join a very exclusive group that includes Ursula Burns and Mary Winston.

The Starbucks operating chief would replace Stefano Pessina, who would become Walgreens’ executive chairman. https://t.co/o4FQUJGppw via @WSJ

[FT Specialist Guild @ftsguild]

It’s a new day.

Today, we’re announcing that we’ve formed the FT Specialist Guild.

Read our letter about why we're organizing here: https://t.co/Qaq6CUdPOn

[Amanda Gerut @AgendaGerut]

Reminder: Gary Cohn was in the news recently for not agreeing to a clawback instituted by the Goldman Sachs board in what it called an institutional failure in the 1MDB scandal. Instead of returning the money, customary in a clawback, Cohn donated to charity. Again, h/t @JenKayW

[Amanda Gerut @AgendaGerut]

A running list in no particular order: Gary Cohn, Vice Chairman, IBM; General James "Mad Dog" Mattis, General Dynamics; Scott Gottlieb, Pfizer; Rick Perry, Energy Transfer. #corpgov Who will be next? h/t @JenKayW

[Amanda Gerut @AgendaGerut]

👀

[NYSE 🏛 @NYSE]

The NYSE formally opposes the SEC’s proposed changes to Form 13F. We're joined by 381 listed companies in opposing changes that will erode transparency for issuers and investors.

[Amanda Gerut @AgendaGerut]

A focused, concerted effort to increase gender diversity led to more women joining boards. A focused, concerted effort to increase the percentage of black directors on boards will likely have the same outcome.

[Amanda Gerut @AgendaGerut]

Between 2017 and 2019, the percentage of new S&P 500 directors who are women increased from 36% to 46%. Among minority men it dropped from 14% to 13%. Among minority women, the percentage increased from 6% to 10%.

[Amanda Gerut @AgendaGerut]

A webcast with John Rogers going into detail - along with @StanfordCorpGov's Joe Grundfest and Angela Vallot from @VallotKarp - on race.
How to Talk About Race in the Boardroom https://t.co/T5i5vlO6DD

[Amanda Gerut @AgendaGerut]

An article quoting John Rogers explaining that companies believe that they "solve" diversity by recruiting a single director, and how that's wrong.
Disposing of ‘One and Done’ in Recruiting https://t.co/e9h9Y23esi

[Amanda Gerut @AgendaGerut]

Here's John Rogers in February talking about race and his experience leaving the boards of companies and institutions that wouldn't commit to building diverse pipelines.

Agenda Podcast: John Rogers Discusses Race and Ethnicity in the Boardroom https://t.co/hMwJPu0bVM

[Amanda Gerut @AgendaGerut]

‘Corporate America Has Failed Black America’ https://t.co/wtzYNb8Qn8
@iamwesmoore: "We’ve been satisfied by putting John Rogers on every board." "But we haven’t been deliberate about building a bench and pipeline."

[Amanda Gerut @AgendaGerut]

A fantastic bit of reporting by Stephanie Forshee and Jennifer Williams-Alvarez that explains how cultural issues and entrenchment can potentially contribute to less independent decision-making - at the cost of employees' trust and safety. https://t.co/nKemRN3euY

[Small-Cap Institute @smallcapinst]

"...It quickly became clear to management and the other directors that their banking expert was indeed an expert… on large-cap bond financings in the 1980s" - Examples of Great Small-Cap Boards in Action

https://t.co/bodFRVyzII

[Small-Cap Institute @smallcapinst]

"It’s pretty challenging to have a successful, productive relationship with an IR firm, if you’re not completely sure what you need help with."

- from Investor Relations: Hiring the Right Firm and Setting Expectations, available to members of Small-Cap Institute

[Amanda Gerut @AgendaGerut]

@LandisWeaver @BobTannous This interview is a pretty wild ride. "It's more than I imagined it would be." So... didn't you do more than just imagine it after 346 people died? And, as a comp committee member for 7 yrs, were you ever alarmed that the CEO seemed motivated only by driving up the stock price?

[Amanda Gerut @AgendaGerut]

The new CEO of Boeing, David Calhoun, is on the board of Caterpillar with the former CEO of Boeing, Dennis Muilenburg. Now that Calhoun will likely have to detail the way Boeing will undertake a cultural shift, will that make Caterpillar board meetings awkward?

[Jon Ostrower @jonostrower]

In another document, an employee ridicules colleagues involved in the development of the troubled [737 Max], saying "this airplane is designed by clowns who in turn are supervised by monkeys." (via ⁦@NPR⁩)

https://t.co/DKQxK5QpTA

[Amanda Gerut @AgendaGerut]

Is an officer and director bar really a penalty if you get charged with insider trading and then plead guilty and settle with the SEC? I would imagine you're not getting a ton of calls for board seats or executive roles if you have that in your recent history.

[Amanda Gerut @AgendaGerut]

So, Former US Rep Christopher Collins (R. N.Y.), who was also an independent board member, faces no financial penalty for tipping his son and for his son thus tipping his fiancée's family. He is barred from serving as an officer or director of a public company.

[U.S. Securities and Exchange Commission @SECGov]

Former Congressman and Two Others Settle Insider Trading Charges https://t.co/TkOhgOhUpX

[Amanda Gerut @AgendaGerut]

Collins, his son, and Zarsky will be sentenced next month. The company, by the way, Innate Immunotherapeutics Ltd. is now Amplia Therapeutics. Traded on ASX.