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We are all aware of the term, “environmental, social and governance” – also known as ESG. It describes the three central factors used in the investment community to measure the sustainability and ethical impact of an organization. Although the environmental and social elements are very familiar to the CR practitioner, we may struggle at times to appreciate “governance.”
Governance is defined as a “system by which an organization makes and implements decisions in pursuit of its objectives” (ISO 26000: 2010 – Guidance on Social Responsibility). The definition is broad. So how does governance work in our day-to-day activities within the organizations that each of us belong to?
Board of Governors
Exclusive deal puts Governance Exchange into BoardVantage platform
RiskMetrics Group and board portal-provider BoardVantage signed an exclusive agreement that embeds a RiskMetrics governance application into BoardVantage’s portal offering.
RiskMetrics’ Governance Exchange is a platform that enables corporate boards and management from member companies to conduct online forums, share best practices and receive updates on governance trends through white papers, webinars, surveys and other analysis.
Pitt, Breeden spar in public discussion of corporate governance
Two former SEC chairmen participating in a commission roundtable discussion differed sharply over proxy access and the role of corporate boards. They expressed conflicting views about whether it's entrenched directors or shareholder activists who represent a tyranny of sorts.
Nearly one half of Global 2000 companies have no women executive committee members
Corporate suite turnover continues at a “torrid pace” amid turmoil in financial markets and the risk of worldwide recession, a new study finds. IMD International Search & Consulting’s report found that ncreases in senior management turnover in the 2008 first quarter measured 55 percent for CEOs, 11 percent for CFOs and 10 percent for other C-level management.
Firm to tackle independent chair issue later this year
In connection with its IPO in January and public company status, RiskMetrics, the global financial risk-management firm, disclosed details about how it goes about practicing what it preaches in terms of hot-button governance issues. For the most part, except for having one person holding the chair and CEO roles, the company appears to be walking the walk.