Author Archives for Kurt Groeninger

NACD’s 2012 Report Card

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Monday morning’s keynote speech given by NACD President and CEO Ken Daly was a “report card” on the organization’s progress. Daly began with highlighting some of the actions NACD has taken on behalf of the director community, primarily the work done with regulators. Over the past year, NACD has worked with the Center for Audit Quality and others to develop a tool to improve the evaluation of outside auditors. It is the NACD’s hope that this tool brings a new level of transparency to the work being done by auditing firms. In the months ahead, NACD will also explore new... Read More

Former POW Discusses Four Traits of Strong Leaders

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Sunday night’s keynote address was given by Leon F. Ellis, a former POW at the infamous Hanoi Hilton during the Vietnam War. Ellis’ inspirational speech came down to one word: leadership. By drawing parallels to his time at a POW camp, Ellis showed how leadership could bring change to both a country and company. The country is in need of a rebound, Ellis argued. Confidence in our country’s leaders and our businesses are at an all time low. Continuing down the same path was not an option. Only leaders with a “’mission, values, and vision” can turn the public’s confidence... Read More

SEC Finalizes Rules on Conflict Minerals

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On Wednesday, the SEC took a long-awaited step in fulfilling one of its responsibilities under the Dodd-Frank Act. The U.S.regulator finalized a rule requiring public companies to disclose the use of conflict minerals—defined as cassiterite, columbite-tantalite, gold, and wolframite—in their manufacturing of products. More specifically, companies that use conflict minerals, necessary to the functionality or production of a manufactured product, must annually disclose whether any of those minerals originated in the Democratic Republic of the Congo or an adjoining country. The use of these minerals is widespread in manufacturing companies, and the SEC acknowledges this new rule will apply to... Read More