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Story of the Week (DR):TRICK OR TREAT EDITIONBill Gates and his 'three truths': 'Climate change will not wipe out humanity'Trick: a gift to MAGA MMTreat: a focus on povertyThe 3 truths:"It's a serious problem, but it won't be the end of humanity""temperature is not the best way to measure progress on climate""health and prosperity are the best defence against climate change"Bill Gates' 180 on Climate Change: ‘It's Not Doomsday'Climate change won't end civilization, says Bill GatesBill Gates Backtracks on Climate Change Doomsaying: ‘Will Not Lead to Humanity's Demise'Memo From Bill Gates Warns Against Climate AlarmismBill Gates now says climate change won't be as serious as he fears - and calls for more spending on vaccines insteadBill Gates Says Climate Change Isn't So Bad After AllBill Gates Delivers ‘Tough Truths' on Climate Just Before Big U.N. TalksIn surprising turn, Bill Gates pens essay calling to reconsider investments on 'climate change'Bill Gates pivots climate strategy to focus on poverty over carbon emissions reductionWe won: Trump claims climate change hoax defeat after Bill Gates' commentsBut then there's:Report warns climate change causing millions of preventable deaths each yearAnnual climate change report finds “planet on the brink”OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the companyTrick or Treat?Trick: OpenAI has completed its for-profit recapitalization and converted its for-profit arm into the OpenAI Group Public Benefit CorporationTreat: The corporation remains controlled by the nonprofit foundation.Trick: Under the deal, Microsoft has gained a 27% stake and retained access to OpenAI's technology through 2032, including any AGI models verified by an independent panel.Treat: Microsoft has gained a 27% stakeThe agreement lifts long-standing capital restrictions and ends Microsoft's exclusive cloud rights.Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recentlyAmazon 14,000 (4%)Paramount Global 2,000 (10%)UPS 48,000Target Corporation 1,800 (8%)Nestlé 16,000 (6%)Lufthansa Group 4,000Novo Nordisk 9,000 (11%)ConocoPhillips 2,600–3,250 (20–25%)Intel Corporation 24,500 (24%)Microsoft 15,000 (3%)Procter & Gamble 7,000 (6%)Charter Communications 1,200 (1%)Workday 1,750 (9%)Some of the most Halloween-ish phrases in recent layoff memos:“Building a strong, future‑focused company” Paramount Skydance“Roles that are no longer aligned with our evolving priorities” Paramount“Reducing bureaucracy, removing layers, shifting resources” Amazon“Investing in our biggest bets” Amazon“We need to be organized more leanly … to move as quickly as possible”“We recognize these actions affect our most important asset: our people.” Paramount“Thriving business / success built on bold bets” YouTubeThe eerie subtext:Paramount: neopbaby David Ellison (daddy is world's 2nd richest man)Amazon: Jeff Bezos is world's 3rd richest manYouTube (Alphabet): Larry Page and Sergey Brin are 4th and 6th richest men, respectivelyTrick: the layoffsTreat: ummmm…. The announcement didn't happen six days before Christmas??CEOs who are also board chairs are the problem not the solution, says top governance expertTrick: the utter bullshit of the protected class: Charles Elson, founding director of the John L. Weinberg Center for Corporate Governance at the University of Delaware and a director on several boards over his career: "I well recall the CEO and board chair of a manufacturing company (which I won't name) telling me smugly he had just bought a corporate airplane for his directors to use. He said he didn't expect much trouble from them after that."He currently serves on the board of Encompass HealthPreviously at Circon Corporation*, Sunbeam Corporation*, Nuevo Energy, AutoZone, Alderwoods Group, and Bob Evans FarmsTreat: We're always right MMGoodliest of the Week (MM/DR):DR: Renewable energy and EVs have grown so much faster than experts predicted 10 years ago and Brazil boasts drop in deforestation ahead of UN climate talksMM: Billionaires are spending big to stop Zohran Mamdani's NYC mayoral bid for this quote: DR“They're spending more money than I would even tax them,” Mamdani said in an interview with MSNBC Tuesday.Assholiest Seven Deadly Sinnliest of the Week (MM):Wrath: Serious New Hack Discovered Against OpenAI's New AI BrowserMost browsers store passwords or stay logged in to banks and other sites - OpenAI's browser allows a hacker to inject a prompt into the AI that says something like “send all money in your bank account to this account” without you even knowingIt does not allow you to say “depose Sam Altman as CEO of OpenAI”Gluttony DR: John C. Malone to Transition to Chairman Emeritus of Liberty Media CorporationRelease quote: “effective January 1, 2026, long-standing Chairman of the Board, John C. Malone, will step down from the board of directors”Release reality: “Man with 49.2% voting power over company sits in corner of board meetings he feels like going to and demands to know why the donuts are all plain jelly and not powdered sugar jelly before firing the entire board he's not technically on.”Sloth: Goldman Sachs CEO David Solomon: The bank hasn't made enough progress in hiring womenWhen asked, “Solomon estimated that women make up 41% of Goldman's total workforce on Thursday, although he said he was not certain of the percentage.”Pride: Delta calls on Congress to immediately end government shutdown, pay air traffic controllers58% of Delta political contributions were to this GOP, with majority of committee lobbying/spending for appropriation committee republicansEnvy: Turns Out, Wikipedia Isn't That 'Woke' As Grokipedia Rips Off Most of Its PagesGrokipedia's Article on the Cybertruck Clearly Shows Why the Whole Project Is DoomedMost of Grokipedia's 800,000 articles currently are copies of Wikipedia - except when Musk tweets something, then Grok replaces parts of the article with essentially Musk's thoughtsThis is what he wants an extra $1tn to accomplishLust: Meta denies torrenting porn to train AI, says downloads were for “personal use”Strike 3 Holdings discovered illegal downloads of some of its adult films on Meta corporate IP addresses, as well as other downloads that Meta allegedly concealed using a “stealth network” of 2,500 “hidden IP addresses.” Accusing Meta of stealing porn to secretly train an unannounced adult version of its AI model powering Movie Gen, Strike 3 sought damages that could have exceeded $350 millionGreed: OpenAI Restructure Paves Way for IPO and AI Spending SpreeIPO expected to open at a $1tn valuation - it's last funding round was a $500bn valuation a month agoThe non profit - the part that is expected to create AI for the benefit of all humanity - currently owns 26% of the new for profit structure and “controls” the boardThe board has on it Bret Taylor (ex boards of Salesforce - co founder, Twitter), Adam D'Angelo (Asana, CEO Quora, ex CTO Facebook), Sue Desmond-Hellmann (Pfizer, ex Gates Foundation CEO, ex Meta board), Zico Kolter (co founder Gray Swan AI, professor, ex Stanford), Gen Paul Nakasone (ex NSA, cybersecurity), Bayo Ogunlesi (Blackrock, Topgolf, Kosmos Energy, ex Goldman board, investment banker), Nicole Seligman (lawyer for Ollie North, ex Sony), and Larry Summers (ex Harvard prez, current douchebag, ex Epstein island, ex Sec of Treasury)So 100% of the board is 100% for profit assholes picked by the 26% non profit entity to offset the for profit motivations of… Microsoft, who owns 27% of the sharesHeadliniest of the WeekDR: Claim that climate change does not affect bananas lacks contextMM: Secret Double Octopus Appoints Former NetApp CEO Dan Warmenhoven to its Board of DirectorsHow are we not taken seriously when this company is a cybersecurity firm that works with banks??MM: Embattled Tylenol Maker Kenvue Hires New Marketing ChiefProblem solved!Who Won the Week?DR: climate change deniersMM: Jim Umpleby, current Executive Chair at Caterpillar, who Jim Cramer just called a "visionary", when JUST LAST WEEK we pointed out there are 122 non founder or family exec chairs roaming around (like Umpleby) who have a long history of just below average performancePredictionsDR: Bill Gates' next billionaire truth: "Pumpkins are not actually orange. And we should be thinking about grapefruits instead."MM: Goldman Sachs CEO David Solomon looks up the number of women who work at Goldman
(0:00) Intro to this episode(1:34) About the podcast sponsor: The American College of Governance Counsel.(2:21) Start of interview(3:19) Joele Frank's origin story(5:02) Anne Chapman's origin story(8:41) The history and focus of the firm Joelle Frank (now has ~250 people, with offices in NYC and SF).(12:46) Shareholder activism in today's market(15:52) The Exxon Mobil activism case [see E28 with Aiesha Mastagni from CalSTRS, starting at 23:27](18:17) Say-on-Pay and Executive Compensation Dynamics "compensation is a real emotional topic"(21:27) On mega grants.(23:17) The evolution of M&A in shareholder activism(25:44) Geopolitical Tensions in the Boardroom. Examples: US Steel (Golden share by US), MP Materials (10% equity stake).(28:38) Evolution of ESG/DEI, including boardroom diversity.(33:00) AI, PBCs, and Governance Challenges. Is it a bubble? Concern about ethical AI.(38:35) Case Study: Norfolk's Proxy Fight. Digital component to increase retail component of the vote.(44:14) How activists are proposing more qualified directors to boards (focus on individual directors post universal proxy rules).(48:50) The Changing Landscape of Board Composition(49:55) The Importance of Board Evaluations(51:45) On the "stay private or go public" debateJoele Frank is the founder and Managing Partner of Joele Frank. Anne Chapman is a Managing Director at Joele Frank. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
South Africa's POPIA uniquely protects both individuals and legal entities, a departure from typical data protection laws. We have focused on understanding this unique figure (Will it one day offer key insights into the complexities arising from the increasing use of AI?) before discussing similarities with the GDPR and international data transfers, both within the SADC region and the wider African continent.Advocate Dirontsho Mohale holds an LLB, postgraduate diplomas in Compliance Management and Senior Management Development Programme from the University of Johannesburg and Regent Business School respectively. She is an Admitted Advocate of the High Court of South Africa, a member and a fellow of the Compliance Institute of Southern Africa - CPrac (SA), International Certified Compliance Practitioner (International Federation of Compliance Associations), is designated Fellow in information Privacy (CIPP/E and CIPM) by the International Association of Privacy Professionals and a FAIS Compliance Officer approved by the Financial Sector Conduct Authority. She is also a former non-executive director on the board of the Compliance Institute Southern Africa and chairs the Social, Ethics, Remuneration and Nominations Committee and a board member of the Each One Hold One.Dirontsho has worked in senior management positions within the financial services sector, locally and internationally, and has over 20 years' experience as a compliance officer as well as in risk, governance and legal. She has occupied compliance roles in some of South Africa's major banks and leading insurance companies. Her most recent roles include Senior Compliance Manager for Data Privacy and Corporate Governance at Discovery Group and Executive: POPIA at the Information Regulator SA as well as the role of a data privacy lead for Standard Bank Group after spending some time as the data privacy lead for Standard Bank South Africa.In her capacity as CEO of Baakedi Professional Practice, she offers governance, risk, legal, ethics and compliance services to organisations including data protection authorities not only within financial services providers, but in general; focusing mostly on data protection and privacy in the SADC region.References:* Advocate Dirontsho Mohale on LinkedIn* Protection of Personal Information Act (POPI Act) - POPIA* South Africa: Amendments to the POPIA regulations (Baker & McKenzie)* SADC: Southern African Development Community* Data Protection: Kenya and the EU launch very first Adequacy Dialogue on the African continent (May 2024). This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.mastersofprivacy.com/subscribe
Today's podcast is titled “The War on Drugs: A 1990s Debate on Prohibition versus Legalization” Recorded in 1995, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas hosts a discussion about the war on drugs with former Cato Institute executive vice president David Boaz, former dean of National College of Criminal Defense Emmett Colvin, FBI special agent Buck Revell, and DEA special agent Phil Jordan. Listen now, and don't forget to subscribe to get updates for the Free To Choose Media Podcast.
Speaker: Professor Marc Steinberg (SMU Dedman School of Law)This presentation, based on Professor Steinberg's June 2025 Oxford University Press book Corporate Director and Officer Liability — “Discretionaries” Not Fiduciaries, posits that corporate directors and officers are not fiduciaries. In fact, the liability standards that normally apply are too lenient to be identified as fiduciary. This mischaracterization is detrimental to the rule of law, contravenes reasonable investor expectations, and impairs the integrity of the financial markets. Therefore, Professor Steinberg calls for the removal of fiduciary status replaced with the adoption of a new and neutral term that conveys an accurate description: corporate directors and officers are “discretionaries”. This term accurately portrays the status of corporate directors and officers who held to varying standards of liability depending on the applicable facts and circumstances. From this perspective, Professor Steinberg's presentation will address a broad range of important issues, including the duty of care, the business judgment rule, exculpation statutes, the duty of good faith, and the duty of loyalty. To date, this book has received excellent reviews and is generating thoughtful discussion on the propriety of continuing to view corporate directors and officers as fiduciaries.3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.For more information see the Centre for Corporate and Commercial Law website:http://www.3cl.law.cam.ac.uk/
Speaker: Professor Marc Steinberg (SMU Dedman School of Law)This presentation, based on Professor Steinberg's June 2025 Oxford University Press book Corporate Director and Officer Liability — “Discretionaries” Not Fiduciaries, posits that corporate directors and officers are not fiduciaries. In fact, the liability standards that normally apply are too lenient to be identified as fiduciary. This mischaracterization is detrimental to the rule of law, contravenes reasonable investor expectations, and impairs the integrity of the financial markets. Therefore, Professor Steinberg calls for the removal of fiduciary status replaced with the adoption of a new and neutral term that conveys an accurate description: corporate directors and officers are “discretionaries”. This term accurately portrays the status of corporate directors and officers who held to varying standards of liability depending on the applicable facts and circumstances. From this perspective, Professor Steinberg's presentation will address a broad range of important issues, including the duty of care, the business judgment rule, exculpation statutes, the duty of good faith, and the duty of loyalty. To date, this book has received excellent reviews and is generating thoughtful discussion on the propriety of continuing to view corporate directors and officers as fiduciaries.3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.For more information see the Centre for Corporate and Commercial Law website:http://www.3cl.law.cam.ac.uk/
Yoshie Midorikawa is an inspiring international dispute resolution lawyer and a Co-founding Partner at Miura & Partners who has built a remarkable career on her own terms. From initially refusing to use English to becoming a leading voice in cross-border litigation - using English -, Yoshie shares her unconventional journey with refreshing honesty and humour.Discover how this avid reader of detective stories transformed her love of mysteries into a successful legal career, why saying "no" at the start proved pivotal, and how she helped establish a law firm with over 30% female partners - a rarity in Japan. Whether you are an aspiring lawyer, seeking board positions, or simply curious about building an authentic career in a traditional culture, this episode offers practical wisdom wrapped in warmth and wit.If you enjoyed this episode and it inspired you in some way, we'd love to hear about it and know your biggest takeaway. Head over to Apple Podcasts to leave a review and we'd love it if you would leave us a message here!In this episode you'll hear:Yoshie's surprising declaration against using English that later reversed completelyWhy having 30% women in leadership transforms workplace dynamics and how Yoshie helped create this at her firmThe importance of switching from detail-focused analysis to big-picture thinking for board rolesHer favourite books and other fun facts About YoshieYoshie Midorikawa is a co-founding partner of Miura & Partners and has led the firm's international dispute resolution practice since its launch in 2019. Since her admission to the bar in 2007, she has advised on a broad range of dispute resolution matters, with a particular focus on complex commercial disputes.In addition to her practice as external counsel, Yoshie serves as an independent director on the boards of several listed Japanese companies across industries including consulting, manufacturing, telecommunications, information technology, and real estate. Her board experience enhances her ability to deliver commercially grounded, practical legal solutions tailored to business realities. Yoshie has been recognised as Dispute Resolution Lawyer of the Year at the ALB Japan Law Awards 2025. She is also ranked as a Next Generation Partner in Dispute Resolution by The Legal 500 Asia Pacific since 2023, currently shortlisted as Japan Female Lawyer of the Year by asialaw Awards 2025, and is recognised by Best Lawyers in Japan for her work in Litigation, International Arbitration, and Corporate Governance and Compliance.She actively contributes to the legal community through regular publications and speaking engagements, particularly on Japanese law and cross-border dispute resolution including third-party litigation funding.Admitted to practice in Japan and New York, Yoshie is a Council Member of the Mumbai Centre for International Arbitration (MCIA), and serves on the panel of arbitrators at the Japan Commercial Arbitration Association (JCAA), the Shanghai Arbitration Commission (SHAC), and the Thailand Arbitration Center (THAC).She holds a J.D. from the University of Tokyo School of Law and an LL.M. from Columbia Law School.Outside of her legal work, Yoshie enjoys spending time with her family and finding balance through yoga. She recently acquired the skills to sew dresses based on her daughter's drawings, which she finds very rewarding. She is also a devoted fan of US and UK courtroom and intelligence dramas. Her passion for solving puzzles dates back to her school days, when she was an avid reader of detective stories.Connect with YoshieLinkedIn: https://www.linkedin.com/in/yoshie-midorikawa-7663aa83/ LinksLe Marquis: https://hotel-chinzanso-tokyo.com/dining/marquis/ Whistling Vivaldi: How Stereotypes Affect Us and What We Can Do: https://amzn.asia/d/bj7iR6Q Connect with Catherine LinkedIn https://www.linkedin.com/in/oconnellcatherine/Instagram: https://www.instagram.com/lawyeronair
Darren Rosenblum, professor of law at St. John's University, joins the Business Scholarship Podcast to discuss their article Queers, Closets, and Corporate Governance. This episode is hosted by Andrew Jennings, associate professor of law at Emory University, and was edited by Alec Johnson, a law student at Emory University.
Today's podcast is titled “Liberal, Objectivist, Conservative: Divergent Voices in America” Recorded in 1998, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas hosts a discussion about three distinct ideological frameworks with CPAE professional speaker and author Phil Wexler, philosopher and author Leonard Peikoff, and Chair and CEO of the Eagle Forum Phyllis Schlafly. Listen now, and don't forget to subscribe to get updates for the Free To Choose Media Podcast.
Cinderella CEO On Air Podcast Host Cary Broussard interviews Charlotte Gustavsson about her experiences, opportunities, and challenges of serving on boards of directors and the benefits of those who find women board members. Their conversation touches briefly on the difference between Sweden and United States efforts to see more women serving on boards –Cary and Charlotte met through a networking organization called Liberty Ventures.Cary and Charlotte discuss the huge benefits of having diverse boards, backed up by lots of research. The key is to bring different people together with different perspectives, on top of the key skills needed to lead the strategic work of a company. But leading a diverse board is no walk in the park - a chairman that can read the room and let board members contribute properly is the key to success.Lack of women, lack of diversified boards in general run a higher risk of missing out on new business opportunities and identification of trends, according to Charlotte. The board mandates are so much more complex in these turbulent times, so board leaders need to factor in geopolitics, extreme weather, secure supply chains, new trends, new generations with new values - all factors that support the need for diverse board members.Charlotte began her career in Corporate Finance & M&A before moving into media, where she got her first opportunity as a CEO at 31 years of age. Charlotte grew Viasat1 (part of Modern Times Group) to become one of Ghana's top TV stations, securing Premier League rights and launching multiple local productions. Cary and Charlotte also discuss her career in professional sports. Charlotte served as CEO of two (2) top-tier Swedish ice hockey clubs (in SHL), MoDo Hockey and Karlskrona Hockeyklubb. Charlotte was subjected to some public scrutiny during her years in professional sports, and shares lessons learned in her conversation with Cary. Cary jokes that Charlotte reminds her of the character Rebecca Welton, (played by actress Hannah Waddington), the owner of AFC Richmond, on Apple TV's Ted Lasso – delving into how hockey and sports can be the foundation for a successful board service role!Experienced in Corporate Governance & Board Leadership, Charlotte discusses her management of the Styrelseakademien Stockholm, a leading members club for board professionals. Charlotte is a Certified European Director (ecoDa) and Nordic Governance expert, public speaker and advisor on Corporate Leadership and Board Dynamics. For more background on Charlotte, go to her website: https://www.globalheartleaders.comFor background on Cary Broussard and her book, From Cinderella to CEO, go to: https://www.cinderellaceo.com
Rob Gerberry, Senior Vice President and Chief Legal Officer, Summa Health, speaks with Michael Peregrine, Partner, McDermott Will & Schulte, about several emerging governance concerns that are positioned for center-stage prominence on upcoming board agendas. These extend beyond the usual operational and financial considerations to include those with unique social, ethical, economic, and geopolitical impact.Watch this episode: https://www.youtube.com/watch?v=jIwV_rYTqeMEssential Legal Updates, Now in Audio AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast. Stay At the Forefront of Health Legal Education Learn more about AHLA and the educational resources available to the health law community at https://www.americanhealthlaw.org/.
Josh Young, Portfolio Manager at Bison Interests, stops by the Energy News Beat and Energy Impacts Podcasts with Stu Turley and David Blackmon for an in-depth look at the global oil and gas financial markets. In this powerful discussion, the trio dives into the latest developments shaping the energy landscape, from OPEC+ production strategies and Russia's role in global supply, to California's refinery challenges and the growing demand for natural gas driven by AI and data centers.Josh also shares valuable insights from his work at Bison Interests and Bison Insights Substack, exploring investment trends, ESG's real impact on the energy sector, and what the future could hold for oil and gas prices. Whether you're an investor, energy professional, or just someone wanting to understand the forces behind the markets, this episode offers a sharp, candid look at what's next for the global energy economy.Highlights of the Podcast00:00 – Opening & Introductions04:08 – Bison Interests & Building Bison Insights08:04 – Global Oil Markets & Russia's Influence13:14 – OPEC+ Spare Capacity Debate20:49 – California Energy Policy & Refinery Fires33:08 – ESG, Corporate Governance & Oil Majors41:35 – Layoffs at Imperial Oil & Corporate Culture44:57 – U.S. Industry Leadership & Historical Parallels47:17 – Methane Leakage, NGOs & Policy Critique55:01 – AI, Data Centers & Natural Gas Demand01:02:47 – Power Generation & Gas Turbine Shortages01:05:26 – Government Shutdown Impacts01:10:52 – Nuclear Energy Stocks & Market Bubble01:15:34 – Market Rally & Economic Insights
This was a fantastic discussion with Josh Young and David Blackmon covering the global oil and gas markets. We had over 2,000 live viewers and received great questions.We highly recommend subscribing to Josh at Bision Insights. As well as David and our podcasts. The podcast will be available on the Energy News Beat and Energy Impacts channels as well.Thank you, Josh, for your great industry leadership! - StuHighlights of the Podcast00:00 – Opening & Introductions04:08 – Bison Interests & Building Bison Insights08:04 – Global Oil Markets & Russia's Influence13:14 – OPEC+ Spare Capacity Debate20:49 – California Energy Policy & Refinery Fires33:08 – ESG, Corporate Governance & Oil Majors41:35 – Layoffs at Imperial Oil & Corporate Culture44:57 – U.S. Industry Leadership & Historical Parallels47:17 – Methane Leakage, NGOs & Policy Critique55:01 – AI, Data Centers & Natural Gas Demand01:02:47 – Power Generation & Gas Turbine Shortages01:05:26 – Government Shutdown Impacts01:10:52 – Nuclear Energy Stocks & Market Bubble01:15:34 – Market Rally & Economic InsightsFull Transcript on the Energy News Beat Substack https://theenergynewsbeat.substack.com/p/the-oil-and-gas-global-markets-financial
(0:00) Intro(1:36) About the podcast sponsor: The American College of Governance Counsel(2:23) Start of interview(3:11) Brad's origin story(4:54) Venture Capital Beginnings(5:39) The Rise of the Internet(8:10) His role in Softbank Technology Ventures and later Mobius Venture Capital. Reference to Heidi Roizen E6, E108 and E116(12:26) Transition to Techstars and Foundry(13:36) Origin and focus of his book Startup Boards. Reference to his blog post: Feld Thoughts. "Boards (and board members) for private companies operate on a bell curve" (some are excellent, some are horrific, and most are average).(15:31) The Evolution of Founder-Friendly Terms(30:06) Effective Board Composition(35:00) Defining a Great Board: the Board as a Team. Reference to Matt Blumberg's Rule of 1s: see E52 (2022)(38:05) "The goal of the board is to get different skill sets around the table" "I think a founder should fight against investors having additional observer seats."(41:13) Why he considers it a red flag when a director claims they're acting out of "fiduciary duty." *Reference to the Startup Litigation Digest(44:50) Governance concerns in the AI Boom(47:37) Books that have greatly influenced his life:Zen and the Art of Motorcycle Maintenance by Robert Pirsig (1974)The entire pantheon of Neal Stephenson and William Gibson Science fiction written by female writers (as a category)Hyperion Cantos by Dan Simmons(50:05) His mentors: Len Fassler and his uncle, Charlie Feld.(51:55) Quotes that he thinks of often or lives his life by: from his Dad: "If you're not standing on the edge, you're taking up too much space.", from Len: "Brad, they can't kill you and they can't eat you. Suit up."(53:00) An unusual habit or an absurd thing that he loves. "I love philanthropically funding bathrooms." Also, the Banana Lounge at MIT.(55:38) The living person he most admires: his wife Amy Batchelor.Brad Feld has been an early-stage investor and entrepreneur since 1987. He co-founded two venture capital firms, Foundry Group and Mobius Venture Capital, and multiple companies, including Techstars. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
The following article of the Finance & Fintech industry is: “The Importance of Corporate Governance in the Financial System” by Patricio Diez, General Director, Banamex.
In this episode of The Ethics Experts, Nick welcomes Daniel Montenaro.Dan has been an effective business partner for leading BPO firms for nearly 15 years and has expertise in transactions, complex litigation, real estate, human resources, international legal matters, compliance and corporate governance. As Alorica's Chief Legal Officer Dan is a member of the Operating Committee and leads the Transactions, Compliance, Corporate Governance, Dispute Resolution, and Intellectual Property functions for Alorica as well as its corporate secretary. Dan has been with Alorica for nearly seven years, previously serving as Deputy General Counsel.Connect with Daniel on LinkedIn: https://www.linkedin.com/in/dan-montenaro/
Today's podcast is titled “Ayn Rand and Objectivism: Is Atlas Shrugging?” Recorded in 1998, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas speaks with philosopher and author Leonard Peikoff about Objectivism, Ayn Rand, and her novel, Atlas Shrugged. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
In our next Esop Sofa webinar, the Esop Centre's panel of experts discuss recent progress of the Private Intermittent Securities and Capital Exchange System (PISCES) – and look at how those updates might affect employee share plan implementation.Speakers:Veronika Oswald is a commercial capital markets professional with almost 20 years of experience spanning secondary share trading, corporate finance, and investor relations. She is well-versed in FCA regulations, UK listing frameworks, and compliance requirements across both the Main Market and junior exchanges such as AIM and Aquis. Veronika is a Director at JP Jenkins, the UK's longest-established platform for trading unlisted securities, where she leads client acquisition, liquidity solutions, and capital raising initiatives. She also serves as a Director of InfinitX Ltd, focused on building institutional-grade infrastructure for private market access. Her track record includes advising private and delisted companies, structuring compliant liquidity pathways, and delivering complex mandates involving CREST integration and alternative investment structures. Veronika is recognised for her expertise in broadening access to private markets and developing innovative, regulatory-compliant solutions for issuers and investors alike.Ifty Nasir is the founder and CEO of Vestd, the platform that takes the cost and complexity out of setting up and managing share schemes for UK SMEs. He is a strong believer in the ‘Ownership Effect' and advises businesses on how to share equity to incentivise teams and unlock value. An entrepreneur since his teens, Ifty reached the most senior levels at BP and Essar Energy before branching out into the world of startups, setting out to uncover the challenges facing companies in 2014 and found that poor equity management was a serious startup killer. Along with cofounder Naveed Akram, Ifty launched Vestd as a remedy. Known as a creator of ShareTech, Ifty's opinion is trusted and sought across the media and the startup world.Damian Carnell is the Founder and Director of CORPGRO, a reward consultancy specialising in executive incentives and share plans. He has extensive experience advising all kinds of companies on all aspects of executive compensation and employee share plans, both in the UK and worldwide. He was previously with Willis Towers Watson, Aon, and Ernst and Young. Damian has wide-ranging experience in supporting business strategy and aims. He is fully familiar with Corporate Governance norms and institutional shareholder views as well as extensive experience of helping unlisted companies with top pay and share plans.Interested in watching our webinars live, or taking part in the production of our research? Join our community at: https://bit.ly/3sXPpb5
Fund managers Adnan & Oddbjørn from REQ Capital discuss their brand new book, The Compounders. The book highlights the journeys of nine companies from Sweden, North America, and the UK that have been exceptional compounding machines.—————————————Our conversation with Adnan Hadžiefendić & Oddbjørn Dybvad was recorded on 3 September 2025.—————————————For more info about the podcast, make sure to follow us on X/Twitter. We love to hear your thoughts, so please rate and review us. And feel free to tell us about great authors, books, and investors. Thank you. /Eddie with team—————————————Episode Chapters(00:00) Intro by Eddie(00:53) Catching up with Oddbjørn(01:42) Adnan's journey into investing(05:10) Overview of The Compounders (06:43) The writing process of the book(08:24) Core principles of compounding(10:10) Serial acquirers vs Compounders(12:18) Metaphor of the African Tree(13:35) Selection of the nine companies in the book(18:39) Surprises during the writing process(21:36) What to avoid(25:17) Long-term survival(27:29) Organic growth (30:41) Investment Philosophy of REQ(32:18) Corporate Governance's role(34:05) How much should you pay for exceptional companies?(36:00) Building conviction(38:44) Humility as investors(40:51) Avoiding overconfident operators(41:59) Frugality and motivation(44:15) REQ to start a compounder?(45:21) Book recommendations(46:59) Daily life as fund managers(49:27) New book projects? (50:13) Concluding remarks—————————————Books MentionedThe Compounders – Oddbjørn Dybvad, Kjetil Nyland, Adnan HadžiefendićInvesting in Value Creators – Oddbjørn DybvadThe Outsiders – William ThorndikeCreating Shareholder Value – Alfred RappaportBerkshire Hathaway's Shareholder Letters – Warren BuffettPoor Charlie's Almanack – Charlie Munger, Peter Kaufman—————————————Companies MentionedAddtechAmetekBergman & BevingBerkshire HathawayConstellation SoftwareHeicoIndutradeITWJudges ScientificLagercrantzLifco—————————————More on Adnan & OddbjørnREQ's website: https://req.no/ Adnan's LinkedIn: https://www.linkedin.com/in/adnanhadziefendic/ Oddbjørn's LinkedIn: https://www.linkedin.com/in/oddbj%C3%B8rn-dybvad-01575883/ —————————————About the PodcastIntro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books—————————————What is Investing by the Books?Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis. Visit the website: http://www.investingbythebooks.com/Follow on Twitter/X: https://twitter.com/Investbythebook—————————————What is Redeye?Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality. Visit the website: https://www.redeye.se/Follow on Twitter/X: https://twitter.com/Redeye_—————————————DisclaimerNotice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se
Today's podcast is titled “Culture in America: The Three Biggest Challenges Facing Western Civilization, Part Two.” Recorded in 2007, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas and former CIA official, author, and recipient of the U.S. National Intelligence Distinguished Service Medal, Herb Meyer continue their discussion about the three biggest challenges facing Western civilization. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
Have you ever wondered why some companies thrive while others, with seemingly great products, collapse? The answer often lies in an unseen force: corporate governance. In this episode of Corporate Finance Explained on FinPod, we go beyond compliance checklists to explore how the delicate balance between a company's board, executives, and shareholders is the true engine of its financial health or its ultimate demise.We'll use compelling real-world case studies to show you what happens when governance fails (and when it works spectacularly well). This episode is a must-watch for any finance professional looking to understand the forces that truly drive a company's financial success.This episode covers:What is Corporate Governance? We demystify this critical framework, explaining its role as the "operating system" for a company's financial decision-making, from risk management to capital allocation.When Governance Fails: We analyze the devastating consequences of governance failures at Enron, Theranos, and WeWork, revealing how a lack of transparency, expertise, and oversight can destroy billions in value.When Governance Works: We look at inspiring examples of good governance in action, showing how companies like Unilever and Microsoft used a strong framework to foster resilience, innovation, and long-term value creation.Your Role in Governance: We provide five actionable best practices for finance professionals to become central players in strengthening their company's financial integrity and strategic clarity.This is a comprehensive guide to understanding the invisible hand that guides a company's financial future.
Rob Gerberry, Senior Vice President and Chief Legal Officer, Summa Health, speaks with Michael Peregrine, Partner, McDermott Will & Schulte, about a little-known element of fiduciary responsibility that could potentially have an outsized impact on director exposure: the so-called “duty of candor.” They discuss what the duty of candor is, who owes this particular fiduciary duty, how the duty of candor kicks in during a typical corporate scenario, and how a recent decision from the Delaware Chancery Court has highlighted this issue.Watch this episode: https://www.youtube.com/watch?v=4UejhDhNTh8Essential Legal Updates, Now in Audio AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast. Stay At the Forefront of Health Legal Education Learn more about AHLA and the educational resources available to the health law community at https://www.americanhealthlaw.org/.
Today's podcast is titled “Culture in America: The Three Biggest Challenges Facing Western Civilization, Part One.” Recorded in 2007, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas and former CIA official, author, and recipient of the U.S. National Intelligence Distinguished Service Medal, Herb Meyer discuss the three biggest challenges facing Western civilization. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
In this episode of One Vision, we welcome Tony Fish, author of 'Decision Making in Uncertain Times', for a deep dive into the complexities of corporate governance in the age of data and AI. Tony shares his unique perspective on corporate governance, the importance of asking the right questions, and the role of human elements like trust and empathy in technology. As he urged us, we have to find a way, through love, hope, and faith, to counterbalance everything else that's going on through things which are deeply human. It's a must-listen (and must-watch) for thinkers, technologists, and business leaders alike.
In this episode of One Vision, we welcome Tony Fish, author of 'Decision Making in Uncertain Times', for a deep dive into the complexities of corporate governance in the age of data and AI. Tony shares his unique perspective on corporate governance, the importance of asking the right questions, and the role of human elements like trust and empathy in technology. As he urged us, we have to find a way, through love, hope, and faith, to counterbalance everything else that's going on through things which are deeply human. It's a must-listen (and must-watch) for thinkers, technologists, and business leaders alike.
(0:00) Intro(1:27) About the podcast sponsor: The American College of Governance Counsel(2:13) Start of interview(2:51) Jonathan's origin story(4:23) His Journey into Governance, initially via accounting with PwC and later with Lazard.(6:17) Types of Governance Structures(7:51) About his firm Current Capital Partners (M&A advisory, corporate management services, and PE investing).(8:31) The Inspiration Behind his book On Boards: The Modern Playbook for Corporate Governance.(10:44) Interviews that Shaped the Narrative. His standout: Admiral Michael Mullen.(13:04) Target Audience for the Book(14:48) The importance of "boards [with a roster of] best athletes, not experts in a narrow area."(17:04) His personal journey into boardrooms(19:56) Experience as an Expert Witness (21:41) Evolution of Delaware's Corporate Law. *Reference to Moelis case and Tesla's Elon Musk CEO compensation case. (24:40) AI's Impact on the Boardroom. "[I]t is critical to remember that directors oversee, but management runs the company day to day."(29:50) Navigating Geopolitical Challenges(32:01) The Rise of Shareholder Activism(34:29) Insights on Corporate Restructuring *Reference to E38 on the rise of bankruptcy directors with Jared Ellias (now at HLS)(38:33) Separation of Chair and CEO is preferable(39:00) "I think term-limits are a cop-out" there should be annual individual director evaluations.(39:43) The Need for Corporate Director Licenses.(41:36) Books that have greatly influenced his life:On a Clear Day You Can See General Motors, by Patrick J. Wright (1979)The Right Stuff, by Tom Wolfe (1979)The House of Morgan, by Ron Chernow (1990)(42:30) His mentors(43:18) Quotes that he thinks of often or lives his life by: "You can't get a hit if you don't swing the bat" "I'm dumb enough to make a decision" "It's all about tomorrow" "Have fun, life is too short"(44:24) An unusual habit or an absurd thing that he loves.(45:31) The living person he most admires: the Pope and Lebron James.Jonathan Foster is an experienced corporate director, investment banker, and expert witness in corporate litigation, and the author of the new book On Boards: The Modern Playbook for Corporate Governance. He has served on more than 50 boards, including Fortune 500 companies, private companies and companies involved in restructurings. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
(0:00) Intro(1:31) About the podcast sponsor: The American College of Governance Counsel(2:18) Start of interview. *Reference to E36 (June 2021) for personal/professional background, and E90 (March 2023)(3:13) Celebrating 25 Years of the Weinberg Center(3:47) Uncovering John Weinberg's 1948 Thesis. Details for the Symposium at the Weinberg Center on Oct 9, 2025.(6:12) The role of boards and directors from a historical perspective. *Reference to Gilson and Gordon's article on Boards 3.0.(8:17) The contribution of the Weinbergs to corporate governance: Sydney led Goldman Sachs from 1930 to 1969, and John led GS from 1976-1990.(14:04) The Relevance of Historical Governance Debates. *Reference to the Startup Litigation Digest.(16:53) Delaware's current corporate law challenges: charter competition with Nevada, Texas, and other states (and Fed Govt).(24:35) The Impact of Delaware's SB 21 Legislation. *Reference to a16z's statement on leaving DE (and Larry's take on it). Reference to Delaware's SB 313 partially in response to the Moelis decision (on validity of stockholder agreements).(33:10) On Delaware's DExit: "I barely see a trickle, let alone a flood."(39:27) The Future of Delaware's Corporate Landscape(44:17) Remembering Charlie Munger's Influence(45:56) Warren Buffett's contribution to governance and the future of Berkshire Hathaway(48:22) Goals for the Weinberg Center's Future(49:55) The Evolving Role of Corporate Directors. "[B]oards of directors are here to oversee, not to be experts, to ask discerning questions, to press, to query, but not to micromanage or get in the way." "Nose in, fingers out" attributed to John Nash, founder of NACD.Larry Cunningham is the Director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, and a leading scholar, author, and advisor on corporate governance and board matters. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
Today's podcast is titled “Eminent Domain.” Recorded in 2003, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas speaks with professors Richard Epstein (University of Chicago), Gideon Kanner (Loyola Law School), Julie Forester (Southern Methodist University), and attorney Kenneth Wright about eminent domain. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
Dr. Nombasa Tsengwa, former CEO of Exxaro Resources, joins Bongani Bingwa to reflect on a career marked by remarkable highs and a turbulent exit. After more than two decades in the mining industry, she rose to the top—only to find herself isolated at the summit. Her tenure was marred by allegations of bullying and toxic leadership, with senior executives resigning and accusing her of creating a hostile environment. Eventually suspended amid claims of misconduct, she departed the company she helped shape over decades. Today, she speaks with striking candour, saying she holds no resentment. But her story remains a cautionary tale about the weight of leadership at the top. As questions linger—did she jump, or was she pushed?—we explore what it means to lead, lose, and start over. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Listen live on Primedia+ weekdays from 06:00 and 09:00 (SA Time) to Breakfast with Bongani Bingwa broadcast on 702: https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/36edSLV or find all the catch-up podcasts here https://buff.ly/zEcM35T Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.
On this episode of Deans Counsel, Jim Ellis, Dave Ikenberry and Ken Kring speak with John Evans, Dean of the VinUniversity College of Business and Management in Hanoi, Vietnam. Prior to joining VinUni, Professor Evans was the Pro Vice Chancellor and President of Curtin University Dubai campus.John has held numerous senior leadership roles in Higher Education and has extensive senior academic international experience. He is also an active researcher and publishes and teaches mainly in the fields of Corporate Governance, Financial Control and Financial Accounting. He is a Fellow of the CPA and holds a PhD from the University of Illinois (Urbana-Champaign).Founded in 2020, VinUni is a private, not-for-profit university that has built strategic collaborations with Cornell and Penn, and represents an emerging trend of "startup" business schools. At only five years old -- and with the business school being a year younger -- VinUni faces a unique set of challenges, far different from the many legacy schools with far more history and experience than VinUni.In this wide-ranging conversation, John walks our hosts through his experience thus far, discussing such topics as:- attracting top talent- establishing VinUni as a research as well as teaching institution- developing key programs in collaboration with Cornell and Penn- how the university's startup nature differs from administration and systems creation at legacy schoolsLearn more about John EvansComments/criticism/suggestions/feedback? We'd love to hear it. Drop us a note!Thanks for listening.-Produced by Joel Davis at Analog Digital Arts--DEANS COUNSEL: A podcast for deans and academic leadership.James Ellis | Moderator | Dean of the Marshall School of Business at the University of Southern California (2007-2019)David Ikenberry | Moderator | Dean of the Leeds School of Business at the University of Colorado-Boulder (2011-2016)Ken Kring | Moderator | Co-Managing Director, Global Education Practice and Senior Client Partner at Korn FerryDeansCounsel.com
On 23 July 2025, the International Court of Justice (ICJ) delivered a historic advisory opinion on climate change. While not legally binding, the opinion confirms that states have obligations under international law to prevent environmental harm, including from greenhouse gas emissions, and that these duties extend to regulating private actors. In this episode of ESG Matters, host Elena Lambros, a partner in our Risk Advisory practice, is joined by legal experts from across our global disputes and arbitration teams, including Arne Fuchs, James Clarke, and Erin Eckhoff. Together, they unpack the implications of the ICJ’s opinion and what it could mean for climate-related litigation, corporate liability, and governance standards around the world. They explore developments across key jurisdictions including, Europe, Australia, New Zealand, and the UK and examine how legal systems are beginning to engage with the idea of a climate change duty of care. They also consider how courts may treat climate inaction, what this means for companies with high-emission operations or supply chains, and why boards and legal teams need to be watching closely. Explore more of Ashurst’s analysis of the ICJ opinion. To listen and subscribe to future episodes, search for ESG Matters on Apple Podcasts, Spotify, or your favourite podcast app. For more from Ashurst’s podcast library, visit ashurst.com/podcasts. This podcast contains general information and does not constitute legal advice. Listeners should seek professional advice before acting on the content discussed.See omnystudio.com/listener for privacy information.
Rob Gerberry, Senior Vice President and Chief Legal Officer, Summa Health, speaks with Michael Peregrine, Partner, McDermott Will & Emery, about the role of the Board, and the Finance Committee in particular, of monitoring the financial affairs of health care organizations, especially after the enactment of the One Big Beautiful Bill Act (OBBBA). They discuss the Finance Committee's responsibilities, how the Finance Committee should exercise oversight in light of the OBBBA's potential impact on the financial situation of health care organizations, and the “zone of insolvency” concept.Watch this episode: https://www.youtube.com/watch?v=qc3BdGKhkvM&feature=youtu.beEssential Legal Updates, Now in Audio AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast. Stay At the Forefront of Health Legal Education Learn more about AHLA and the educational resources available to the health law community at https://www.americanhealthlaw.org/.
Today's podcast is titled “An Intimate Conversation with Jim Lehrer, Part Two.” Recorded in 2007, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas, continues his interview with Jim Lehrer, anchor and executive editor of PBS’s The NewsHour with Jim Lehrer. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
How does financial transparency affect how CEO's themselves are paid?Young Jun Cho and Hojun Seo investigate how the introduction of SFAS 131, requiring companies to report performance by business segments, impacts equity-based compensation. Their research reveals that more granular disclosure reduces the need for stock-based incentives, especially in firms with weak internal oversight, but strong external scrutiny. The findings show how reporting rules can act as powerful tools of corporate governance, reshaping executive behaviour and investor influence.Read the original research: doi.org/10.1111/1911-3846.12928
Your thoughts on the kiss-cam episodeAndrew Ross Sorkin's note yesterday about Andy Byron, the C.E.O. of a tech start-up caught on camera with a colleague from H.R. at a Coldplay concert, struck a nerve with DealBook readers, who have flooded our inbox with responses: “The moment seems to encapsulate the pervasive schadenfreude within our culture, especially our office culture, and a deep-seated animosity toward bosses and colleagues,” Andrew wrote. “It highlights a zero-sum mentality in which a colleague's success is perceived as your loss, and their failure your gain.” He added that, “The incident also underscores our surveillance state.”Here's what readers had to say:“The surveillance state is a bit aggressive of a take on this. They were lovingly embracing at a concert during a love song while the kiss cam was on the prowl.” — Bob McMurtry“The public is not just reacting to someone else's misfortune, it is reacting to the utter hypocrisy revealed yet again by those in power who dictate rules that others should follow, yet arrogantly disregard following them themselves. Employees endure hours of H.R. training on the impropriety of workplace relationships, especially between manager and subordinate, yet the actual HEAD of H.R. engages in an affair with her married C.E.O. Do you not see the specific irony of this outing?” — Jim Woidat“I don't think we commoners' resentment of C.E.O.s is so much about jealousy as it is about pay inequality (their pay rate today vs. what it was a few decades ago) and stuff like golden parachutes.” — Tom EshbaughWhat nobody is talking about:Before the kisscam: 12 executives (11 men and Chief People Officer Kristin Cabot); 6 directors (all men)They've also disabled their LinkedIn links and yetAstronomer board launches investigation after viral Coldplay 'kiss cam' video appears to show CEO embracing HR chiefDealBook Hot Take: Board members should be licensedJonathan Foster, a consultant and former managing director at Lazard, has served on more than 50 corporate boards. Along the way, he says, he has encountered directors who have stayed too long, or ones whose “knowledge of financial statements and M&A is lacking.” He drew on that experience in “On Board: The Modern Playbook for Corporate Governance,” his new book.One of his big ideas for improving director performance: “a license,” he told DealBook, like the kind required “for investment bankers, doctors, lawyers, even massage therapists.”That, he said, “might increase confidence in corporate directors.”How it would work: Some of the requirements Foster envisions include 10 years of work experience, being at least 35 and passing an exam covering legal standards, basic accounting and finance principles, and ethics. “It doesn't have to be particularly onerous,” he said, comparing it to the Series 7 exam for financial advisers.To issue licenses, he says, the New York Stock Exchange could oversee an organization like Harvard Business School or the National Association of Corporate Directors. He says he sees the arrangement as akin to how the Public Company Accounting Oversight Board operates under the authority of the S.E.C. That independent nonprofit group, he noted, “has commissioners, and they go do their thing, but they're ultimately responsible to and can be pre-empted by the S.E.C.”Is it workable? DealBook asked Edward Rock, a professor of corporate governance at the New York University School of Law. He said he worried that standardized requirements for diverse companies could disqualify board members with otherwise strong attributes. For example, he wrote in an email to DealBook, “Why would anyone want to prevent Mark Zuckerberg (28 at the time of Facebook's I.P.O.) or Larry Page and Sergey Brin” — both in their thirties when Google listed — “from serving on the board of directors of Facebook and Google?”(Foster said exceptions could be created, including for founders.)Shareholders have an incentive to demand the most qualified board members, Rock continued, and they tend to do so.Coca-Cola will roll out cane sugar version of namesake soda in the U.S. this fallPrivate jet sales are poised for takeoff thanks to a revived tax breakA federal tax change now lets companies write off the full cost of buying a private jet in year oneStarbucks' formerly remote CEO has bought a home in Seattle and he's ordering all staff back to the office 4 days a week Jeff Bezos taps former Amazon Alexa head to lead $10 billion Earth fundElon Musk's other companies could soon pour billions into his AI startupSpaceX, the rocket company Musk founded and controls, is reportedly investing $2 billion into xAI, his AI startup best known for the chatbot GrokElon Musk promises Tesla shareholders a vote over buying equity in his Grok startup: ‘If it was up to me, Tesla would have invested in xAI long ago'Musk's xAI faces European scrutiny over Grok's 'horrific' antisemitic postsElon Musk's AI chatbot Grok is now working with the federal governmentElon Musk's Neuralink filed as 'disadvantaged business' before being valued at $9 billionOpenAI warns that its new ChatGPT Agent has the ability to aid dangerous bioweapon developmentA Staggering Proportion of Teens Say Talking to AI Is Better Than Real-Life FriendsElon Musk announces Baby Grok AI chatbot designed specifically for children's learning needsTelegram CEO Pavel Durov on French probe against Elon Musk's Twitter: “at this point, any tech company can be declared a ‘criminal gang' in France". Durov further stated that such investigations can be harmful for attracting investments”Musk's X refuses to hand over data in 'politically-motivated' French investigationWhy Gov. Greg Abbott Won't Release His Emails With Elon MuskWe asked Abbott for his and his staff's emails with Elon Musk and Musk's companies. The governor's office won't turn them over, saying some contain “intimate and embarrassing” information that is “not of legitimate concern to the public.”The anti-wokeMAGA's tantrum over "woke" Superman is nastier than their usual whiningThe MAGA talking heads are big mad that director James Gunn said that Superman is an immigrant. They were also furious that Gunn said Superman stands for “human kindness.”Fox News: wondering if the movie would fail on the assumption that American audiences also hate kindness and immigrants.Superman' Proves "Go Woke, Go Broke" Is a Joke – And That Major $125 Million Opening Weekend Confirms ItDEI-fueled investing is ‘ideological coercion' of shareholders, Missouri AG warns amid new probe"Missourians deserve answers as to why the unseen power brokers, controlling much of corporate America, are pushing a leftist worldview at the expense of millions of honest investors … These proxy advisors have held corporate America hostage with their radical ideologies. We are putting them on notice: Missouri will not tolerate ideological coercion disguised as investment guidance.""Woke Or Not Woke?": Ubisoft's CEO Was Asked A Bizarre Question About Assassin's Creed Shadows In A Shareholder MeetingIn-N-Out billionaire Lynsi Snyder says she is leaving California: 'Doing business is not easy here'Lynsi Snyder is In-N-Out Burger's billionaire owner and president. She inherited control in 2017 and it remains a private, family-owned business. The reclusive heiress has a $6.7 billion net worth.Lufthansa CEO's wife Vivian Spohr allegedly runs down woman in Sardinia, expresses ‘deep sorrow'The victim, Gaia Costa, a resident of nearby Tempio Pausania, died at the scene from severe head injuries, according to local media reports. She had reportedly been crossing at a pedestrian crosswalk when she was hit.The 51-year-old German businesswoman added that she was “at the complete disposal of the Italian judicial authorities for the necessary investigations and, while aware that such a great personal loss cannot be repaired, will take steps to mitigate its consequences.”Mark Cuban says some of NYC mayoral candidate Zohran Mamdani's key policies don't 'have a chance'Mark Cuban says Elon Musk's new political party is 'really smart' in a key wayAre they stealing our thunder POP QUIZ:Did the average S&P 500 CEOs earn in less than two days what their typical worker earned in all of 2023?Fake apologies popping up from CEO allegedly caught cheatingCEOs on boards is a governance blind spot — accepted as normal but long overdue for scrutiny
Today's podcast is titled “An Intimate Conversation with Jim Lehrer, Part One.” Recorded in 2002, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas interviews Jim Lehrer, anchor and executive editor of PBS’s The NewsHour with Jim Lehrer”. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
Marshall Rabil is the third-generation President and CEO of Hubbard Peanut Company, the country's oldest specialty peanut brand, famously known as "Hubs." Founded by his grandparents in 1954 in Sedley, Virginia, Hubs is a household name celebrated for its super extra-large Virginia peanuts. Before taking the helm, Marshall cultivated a global perspective, working in sustainable development and education in Japan and around the world. He later gained invaluable industry experience as a specialty food buyer at Whole Foods, inspired by the principles of Conscious Capitalism. In 2016, Marshall returned to his roots, bringing a vision to blend the company's rich tradition with modern innovation, community engagement, and long-term growth.SHOW SUMMARYIn this episode, host Jonathan Goldhill sits down with Marshall Rabil to explore the journey of leading a 70-year-old family legacy into the future. Marshall shares how his experiences abroad, from Japanese villages to international development projects, shaped his desire to use the family business as a catalyst for positive change in his own rural Virginia community. We dive into the nuts and bolts of this transformation, from turning an old grocery store into a vibrant community hub to competing against private equity-backed giants. Marshall offers a candid look at the delicate balancing act of honoring his grandparents' legacy while implementing new technology, marketing strategies, and, most importantly, navigating the complex dynamics of family ownership and succession.KEY TAKEAWAYSBusiness as a Community Catalyst: Marshall is using the business as a force for good, transforming an old grocery store into "The Hubs Vine," a community event space, and forging deep partnerships with the local food bank through initiatives like the "Homegrown Harvest" festival.The Value of Outside Experience: The Rabil family mantra was to "go and work for someone else first." Marshall's time in international education and at Whole Foods provided him with a unique perspective that has been crucial for innovating within the family business.Navigating the Private Equity Wave: Instead of selling to private equity firms that are acquiring competitors, the Rabil family chose to reinvest in their business. Hubs differentiates itself by focusing on its premium quality, its authentic story, and strategic partnerships with brands like Orvis.The Toughest Challenge is Family Alignment: Marshall reveals that the most critical and time-consuming challenge isn't operations or scaling, but getting the multi-generational family owners aligned on corporate governance, especially the buy-sell agreement.Modernizing a Legacy Brand: Marshall is spearheading the adoption of new technologies, from a sophisticated Shopify Plus website and data analytics tools to exploring automation on the production line, ensuring the brand remains relevant.Patience in a Legacy Business: Leading a 70-year-old company requires patience. Marshall emphasizes the need to take a step back, understand different family perspectives, and accept that meaningful change takes time.QUOTES"I was really starting to think how can business, um, be a catalyst for change in our community?""I was always encouraged to go out and do something before you want to come back here. So that was always kind of our family mantra was, you need to go and work for someone else first.""I think our value has multiplied because of some of those efforts. But it required a lot of work.""Of the seven things that you mentioned, that [family alignment on corporate governance] is the one that is taking the most time and attention... because you have to get the family on board.""I have to remind myself too, you know, take a step back. You'll get there. I like things to happen a little quicker than they do sometimes."Connect and learn more about Marshall Rabil and Hubbard Peanut Company:LinkedIn: https://www.linkedin.com/in/marshall-rabil-83a24a15/Company LinkedIn: https://www.linkedin.com/company/hubbard-peanut-company-inc/If you enjoyed today's episode, please subscribe, review, and share with a friend who would benefit from the message. If you're interested in picking up a copy of Jonathan Goldhill's book, Disruptive Successor, go to the website at www.DisruptiveSuccessor.com
By Adam Turteltaub Professors Todd Haugh (LinkedIn) and Suneal Bedi (LinkedIn) of the Institute for Corporate Governance & Ethics at the Kelley School of Business at Indiana University recently published a paper: Retheorizing Corporate Compliance. In it they argued strongly that compliance needs to be seen not just as a defense against potential corporate legal liability. It also needs to be recognized as a proactive offensive tool for building market share and competitive advantage. On this podcast they explain that compliance creates numerous non-market strategies for helping the business. For example, organizations with stronger programs can demonstrate to regulators that they would be a good choice to acquire a troubled company. Leading compliance programs can also help to set the standard of practices for their industry, giving their organizations an advantage over those with lagging compliance practices. In sum, by thinking of how compliance can help the business, not just protect it, there are significant opportunities created to grow the business, and change the way people think about compliance. Listen now The Compliance Perspectives Podcast is sponsored by Athennian, a leading provider of entity management and governance software. Get started at www.athennian.com.
Rob Gerberry, Senior Vice President and Chief Legal Officer, Summa Health, speaks with Michael Peregrine, Partner, McDermott Will & Emery, about the concepts of recusal and abstention, including what they mean, how they're different, and when it is appropriate to use them. They discuss quorum issues related to recusal, whether abstention only applies to conflict of interest scenarios, best practices for effecting recusal and abstention, and the risks involved.Watch this episode: https://www.youtube.com/watch?v=ax_4717AWcMEssential Legal Updates, Now in Audio AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast. Stay At the Forefront of Health Legal Education Learn more about AHLA and the educational resources available to the health law community at https://www.americanhealthlaw.org/.
Today's podcast is titled “The Morality of Capitalism.” Recorded in 2007, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas, Tibor Machan, Hoover Institution research fellow, professor emeritus of philosophy at Auburn University, professor of business ethics at Chapman University, and co-founder of Reason magazine, and Tom Palmer, Senior fellow at the Cato Institute, discuss the morality of capitalism. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
(0:00) Intro to this episode(1:43) About the podcast sponsor: The American College of Governance Counsel.(2:30) Start of interview(3:09) Walker Newell's origin story(6:38) Lenin Lopez' origin story(9:21) Intro to Woodruff Sawyer, and their focus on corporate law and securities litigation.(14:00) The Importance of Corporate Governance(14:38) On the Gallagher merger (WS was acquired for $1.2B)(15:10) Advising boards on D&O insurance (corporate and litigation). *Reference to E42 with Priya Cherian Huskins (2021)(17:59) The Delaware Exit ("DExit"). Impact of Derivative Suits. *Reference to VCBA(26:23) Delaware vs. Texas and Nevada(29:00) Understanding Delaware's SB21. Books and records demands. D&O questionnaires.(33:18) The current state of IPOs and SPACs (and impact of D&O insurance pricing)(37:33) The trend of SPAC companies incorporated in the Cayman Islands. SEC revisiting Foreign Private Issuer eligibility.(41:15) Trends in Securities Class Actions (~60% filed against tech or biotech companies).(47:24) Litigation in Private Markets. *Reference to Startup Litigation Digest(53:27) The hardships of life-science companies(56:15) How the federal and status regulatory apparatus is evolving, particularly on AI.(58:52) The evolving role (and burdens) of board members. Example: DOJ whistleblower rules(1:01:21) What are the 1-3 books that have greatly influenced your life: Lenin: The Life and Death of Ivan Ilych by Leo Tolstoi (1902)Walker:The Savage Detectives by Roberto Bolaño (1998)Maus: A Survivor's Tale by Art Spiegelman (1991)(1:04:03) Who were their mentors, and what they learned from them.(1:06:27) Quotes they think of often or live their life by.Lenin: "Al mal tiempo, buena cara"Walker: "Enjoy every sandwich"(1:08:22) An unusual habit or an absurd thing that they love.(1:09:50) The living person they most admireLenin: Tony HawkWalker: Rory McIlroy You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
Employer branding reflects your organization's public perception—and you can measure its effectiveness. In a world where any job candidate can see your reputation at a glance online, employer branding is essential. How is employer branding different from other branding, and how can companies measure the ROI? Join Steve Odland and guest Erka Amursi, principal researcher in the Human Capital Center at The Conference Board, to find out the history of employer branding, the challenges in measuring ROI, and why change management can help employer branding efforts succeed. (00:38) The Evolving Role of the CHRO (01:43) Strategic Partnership and Talent Management (03:14) CHROs in the Boardroom (07:03) Global Perspectives on Corporate Governance (08:49) Research Methodology and Insights (10:17) CHROs' Collaboration with C-Suite Members (13:04) Future Skills for CHROs (18:17) Board and CEO Support for CHROs For more from The Conference Board: The ROI of Employer Branding: The Case for Measurement The ROI of Employer Branding: Approaches for Demonstrating Impact What is the ROI of Your Employer Branding Efforts?
Today's podcast is titled “Examining Income Inequality in America.” Recorded in 2007, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas, Robert Reich, former Secretary of Labor under President Clinton and professor at UC Berkeley, and Byron Schlomach, chief economist for the Texas Public Policy Foundation, discuss income inequality and the American middle class. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
In this episode, CII General Counsel Jeff Mahoney interviews Professor William J. Moon, the J.B. and M.K. Pritzker Family Foundation Distinguished Visiting Professor of Law, Northwestern Pritzker School of Law & Edward M. Robertson Professor of Law, University of Maryland Carey School of Law. Professor Moon is the author of a recent essay “Havens for Corporate Lawbreaking” that discusses the trend of jurisdictions undercutting the legal compliance obligations of directors and officers.
It's a public breakup of sorts: Elon Musk thinks President Donald Trump's "big, beautiful bill" is bloated and financially destructive. In response, Trump is threatening moves that will hurt Musk's companies including SpaceX and Tesla. We'll discuss what it says about how companies manage their CEOs. Plus, try not to finish all the popcorn before the movie starts. AMC says it will show even more ads ahead of feature films starting in July.
It's a public breakup of sorts: Elon Musk thinks President Donald Trump's "big, beautiful bill" is bloated and financially destructive. In response, Trump is threatening moves that will hurt Musk's companies including SpaceX and Tesla. We'll discuss what it says about how companies manage their CEOs. Plus, try not to finish all the popcorn before the movie starts. AMC says it will show even more ads ahead of feature films starting in July.
Today's podcast is titled “The 2008 Subprime Mortgage Crisis.” Recorded in 2008, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas, speaks with a panel of finance and banking professionals about the credit and subprime mortgage crisis and their predictions about a recession or depression. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.comWe continue our video podcast miniseries focused on SEC reporting, helping you stay current on the evolving SEC landscape while taking a “back to basics” look at key reporting areas.As the SEC undergoes significant leadership changes, this episode offers a timely look at how recent developments are reshaping regulatory priorities. We offer insights into what these changes mean for companies and what they may expect going forward.In this episode, we discuss: 1:08 – The SEC's leadership transition 6:35 – Interpretive guidance activity and compliance updates 14:53 – Crypto-related policy shifts 18:40 – Chair Atkins' rulemaking priorities and enforcement strategy 26:28 – Executive compensation roundtable and potential disclosure reforms 32:19 – Legal challenges and the uncertain path ahead for the SEC's climate rule 36:46 – Anticipated focus areas, including capital formation 40:09 – Practical advice for companies engaging with the SEC under its new leadership In case you missed it – check out the other episodes in this video podcast miniseries:Inside SEC reporting: Capital formationInside SEC reporting: Acquisitions and divestituresInside SEC reporting: Pro forma financial informationInside SEC reporting: Form 8-K (current report)Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.Our guests:Elad Roisman, partner in the Corporate Governance and Board Advisory Practice and the Financial Institutions Group (FIG) Practice at Cravath, Swaine & Moore LLP.Lindsay McCord, a PwC National Office partner specializing in matters related to the SEC and the capital markets.Our guest host:Kyle Moffatt, PwC's Professional Practice leader.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com
Page Hedley, Senior Advisor at Forecasting Research Institute and co-author of the Not for Private Gain letter urging state attorneys general to stop OpenAI's planned restructuring, and Gad Weiss, the Wagner Fellow in Law & Business at NYU Law, join Kevin Frazier, AI Innovation and Law Fellow at Texas Law and Senior Editor at Lawfare, and Alan Rozenshtein, Associate Professor at Minnesota Law and Senior Editor at Lawfare, to analyze news of OpenAI once again modifying its corporate governance structure. The group break down the rationale for the proposed modification, the relevant underlying law, and the significance of corporate governance in shaping the direction of AI development.To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/lawfare-institute.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.
Today's podcast is titled “Real Education and Education Myths.” Recorded in 2008, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the University of Texas at Dallas, and Charles Murray, the W.H. Brady Scholar at the American Enterprise Institute, discuss Mr. Murray's book, Real Education, and his critiques of the American educational system. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.