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Cybersecurity

Boards and Cybersecurity

In May of 2021, Colonial Pipeline, the largest pipeline system for refined oil products in the United States, was targeted by a yet untraced hacker group. The firm’s billing system and internal business network were both compromised, causing a shortage of gas on the east coast. Eventually, Colonial Pipeline paid the hackers a ransom of […]

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The Importance of ESG Issues to Corporate Board Success

Since late February 2021, the SEC has issued several statements regarding Environmental, Social, and Corporate Governance (ESG) related risks facing businesses and their stakeholders. These risks are largely due to companies mislabeling ESG funds as being green, or intentionally promoting other funds as ESG products. As a result, Gary Gensler, Biden’s appointee to lead the […]

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Share Holder Rights Plans: the Poison Pill lessens the opportunity for hostile investors and corporate raiders to take control of public companies

A shareholder rights plan, also known as the “corporate poison pill” is a form of defensive tactic  corporate boards use to prevent a takeover by a bidder. This works by preventing takeover bidders form negotiating a price of sales directly with shareholders, instead forcing them to negotiate with the board. The plan gives shareholders the […]

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