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ESG (Environmental, Sustainability, Governance) continues to be in the news these days. Prong Three – Governance usually does not get as much play as the first two but last week we saw a prime example of governance. It was the stunning defeat of Exxon management for at least two or perhaps three Board of Director seats. These Exxon Mobil Corp. (Exxon) nominated Directors were defeated by a slate nominated by Exxon shareholders, Engine No. 1, who, according to the Wall Street Journal (WSJ), “ran a six-month, $30 million campaign centered on pushing the oil giant to commit to carbon neutrality.” In other words, another prong of ESG, Environmental. There were several interesting points in this series of events culminating in the Board election and several important lessons for the compliance professional around ESG.
This week, I have been exploring the role for the compliance function in ESG and the role of a Chief Compliance Officer (CCO) in leading the corporate effort on ESG. Today, I want to.
This date has amazingly two great milestones in aviation history. The first is Charles Lindberg’s solo crossing of the Atlantic in 1927. Then five years to the day, Amelia Earhart.
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This week, NAVEX Global released its 2021 Incident Management Benchmark Report. The analysis, which tracked and analyzed corporate compliance trends based on data from more than 1.3 million global incident management reports from over 54 million employees in 2020, validated what many compliance professionals had long suspected – the impact of the events of the past year on workplace culture will be felt for years to come.
The rapidly-maturing risk and compliance discipline was tested in 2020. Many compliance programs stepped up to the challenge with rapid response reporting.
To say 2020 was disruptive is an exercise in understatement. From the COVID-19 pandemic to the widespread protests for social justice, the past year marked an epoch in the popular consciousness. This new awareness will continue to serve as a catalyst for institution-altering change in 2021 and beyond.
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T. E. Lawrence, known to the world as Lawrence of Arabia, died as a retired Royal Air Force (RAF) mechanic living under an assumed name. Lawrence is most famous for leading the Arab Revolt in World War I against the Turkish Empire. After the war, he wrote the
Seven Pillars of Wisdom, published in 1927. However, by the 1930s, Lawrence retreated out of the public eye in what he termed a ‘mental suicide’. The legendary war hero, author and archaeological scholar succumbed to injuries suffered in a motorcycle accident and died on this date in 1935.