Author Archives for Katherine W. Keally

Five Ways to Improve Your Board’s Oversight of ESG in 2017

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The National Association of Corporate Directors (NACD) recently released its sixth annual edition of Governance Challenges 2017: Board Oversight of ESG, produced in collaboration with NACD’s five strategic content partners: Heidrick & Struggles, the KPMG Board Leadership Center, Marsh & McLennan Companies, Pearl Meyer, and Sidley Austin LLP. Environmental, social, and governance (ESG) issues encompass a variety of areas in which shareholders have demonstrated an increasing interest: sustainability, diversity and inclusion, human rights, labor practices, executive compensation, employee relations, and board independence. According to Institutional Shareholder Services, a record number of shareholder resolutions on climate change were filed in 2016,... Read More


China’s Cybersecurity Law Goes into Effect June 1, 2017—Are You Ready?

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China’s legislature approved its Cybersecurity Law this past November, solidifying China’s regulatory regime for cyberspace and potentially disrupting foreign companies that use or provide telecommunications networks in China. The law takes effect June 1, 2017, and reflects China’s desire for “cyber-sovereignty” (regulating the Internet in China according to national laws, despite the global nature of the World Wide Web). As the Chinese Communist Party (CCP) faces pressure from slowing economic growth and foreign influence, the Cybersecurity Law is one in a series of laws the Chinese government has implemented recently to uphold state security. Significant Provisions of the Law Though... Read More


3 Tips for Finding Your Next Board Seat

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Finding a public company board seat can be difficult, to say the least. After all, there are only about 4,381 public companies listed in the U.S., each with about 7.5 seats held by nonexecutive directors. Combine that with a low rate of turnover for the directors already occupying those seats—about 8.5 years in the S&P 500—and approximately 3,866 public board seats become available each year for independent directors. To put that in context, just 339 new board seats became available in the Fortune 500 in 2014, with 67 percent of those seats filled by current and former CEOs and CFOs.... Read More