It’s been a year since the Task Force on Climate-related Financial Disclosures (TCFD) released its recommendations. Backed by the G20 finance ministers and chaired by Michael Bloomberg, the TCFD offered concrete guidance for public companies on how to report risks and opportunities arising from climate change. The TCFD left no doubt that boards have an […]
This is the time of year when corporate directors sweat. They are anxiously finalizing the annual report and proxy materials that will present the company’s financial results and risks for all to see. This year directors have an added challenge: meeting investor expectations to disclose material climate-related risks. The pressure from investors is real. Blackrock, […]
Government task forces suffer from a bad reputation. Stuffed with members who have big titles but little appetite for hard work, such groups often are formed to bury an issue, not promote it. But the Task Force on Climate-Related Financial Disclosures (TCFD) is an exception. Its report, issued in late June, is substantive and serious. […]
A high powered investor group led by Warren Buffett and Jamie Dimon revealed their recommendations for improving corporate governance last week. The announcement was flawless – a show to rival any Broadway opening – but the dazzling cast couldn’t make up for a weak report. But while their show closed early, the authors’ clout is […]
Can a public company have a phantom director and refuse to answer questions about it? Lululemon Athletica thinks so. But will it prompt big investors to take a tougher stand on director elections?
Portraying yourself as a victim can be a great communication strategy. It deflects attention and can even arouse sympathy. BlackRock CEO Larry Fink has been playing the part masterfully ever since a volatile stock market exposed flaws in one of his company’s biggest products. But is BlackRock the victim – or the villain?
Vanguard and Blackrock, two of the world’s largest fund managers, recently warned corporate boards to expect tougher scrutiny on governance issues during this year’s proxy balloting. Growling like this can be an effective communication strategy, up to a point.