Since 2014, the Office of the New York City Comptroller has led different stages of the Boardroom Accountability Project, which gives shareholders the ability to nominate Board Members at U.S. companies using the corporate ballot, known as “proxy access” and thus, giving them a stronger voice in the long-term oversight of the companies they invest in, including on issues related … Continue reading New York Institutional Investors set new diversity rules to be used in Directors and CEO Searches
I have intended to write about Amazon’s recent pledge on climate change and its connectivity with the previous demands by some of its employees, who had planned - and actually held - a walkout. Initially, my thought was that this was a good example of how employee activism is driving corporate change. However, I held off on it to reflect on … Continue reading Corporate management of Employee Activism requires strong communication mechanisms
Last week, we witnessed a relevant example of public involvement by the corporate community, in controversial social and governance issues, despite potential negative business and/or political repercussions for them. 145 corporate leaders sent a letter to the US Senate urging it "to stand with the American public and take action on gun safety" by expanding background checks on all gun sales and strengthening guns laws to allow courts to issue life-saving extreme … Continue reading Corporate leaders demand public governance action
In a recent event organized by the Instituto Nacional de Transparencia, Acceso a la Información y Protección de Datos Personales (INAI), I heard Jose Octavio Lopez Presa, President of the Comité Coordinador del Sistema Nacional Anticorrupción mentioned an interesting initiative that I was not aware of, which is addressed to lawyers and consists in publicly adhering to an ethics … Continue reading Reinforcing the ethical culture in the legal profession through the “Estándar Ético de la Abogacía”
Whenever I have faced major life transitions, I have experienced an imperious need to make small changes either at home (e.g., remodeling or cleaning up) or to myself (e.g., most typically with a new hairdo or haircut or a change of lens frames). Last March I started a new, serious and intended, professional transition. Since then, … Continue reading New Life Cycle, New Pictures!
I attended an interesting webinar this week, rendered by Rita McGrath, author of the upcoming book ‘Seeing around corners: How to spot inflection points in business before they happen’. One interesting outcome for me from listening to the webinar was to realize that most of our traditional assumptions about markets shift over time so it is key for us to recognize … Continue reading How to anticipate inflection points in constantly evolving markets
The disruption that is occurring in our business world is demanding changes in processes and structures, the creation of new departments and roles, the reskilling and upskilling of existing employees, among others. These changes, however, are not enough to achieve value creation for stockholders and effectively compete in today’s market. Evolution and change must cut … Continue reading Board Effectiveness in a Disruptive Market
El 27 de junio de este año, la Superintendencia del Mercado de Valores de Perú, aprobó los “Lineamientos para la Calificación de Directores Independientes”, definiendo importantes criterios mínimos para designar a los Consejeros Independientes. Estos Lineamientos son aplicables a todas las sociedades que mantengan algún valor que cotice en el mercado de valores de ese … Continue reading Perú muestra interesante antecedente para fortalecer el gobierno corporativo de las sociedades que cotizan en Bolsa
Last April, the U.S. Department of Justice, through its Criminal Division, released a guidance document entitled “The Evaluation of Corporate Compliance Programs,” (the “Guidance”) for use by U.S. Department of Justice’s white-collar prosecutors on the evaluation of corporate compliance programs. The evaluation of the corporate compliance program is one of the factors that prosecutors should … Continue reading Board members are expected to play an active role in the company’s efforts to maintain an effective Corporate Compliance Program
He venido dando seguimiento a las noticias relacionadas con la crisis migratoria en la frontera y me he sentido devastada con los reportes acerca de las condiciones en que los migrantes, sin importar su edad, viven y son tratados en los centros de detención en ambos lados de la frontera. Como ocurre con cualquier otra … Continue reading ¿Deben considerarse los imperativos morales y de justicia al tomar decisiones de negocio?