Partner John Cannon (New York-Compensation, Governance & ERISA), co-chair of Shearman & Sterling’s Corporate Governance Advisory Group, and Of Counsel Robert Mundheim (New York-Capital Markets) co-chaired a global seminar on “The Courageous Director: Can Corporations Better Serve People, Planet, and Profit?” The program was held from October 5-7, 2017 at the famed Schloss Leopoldskron in Salzburg, Austria, under the auspices of the Salzburg Global Seminar.
In a series of plenary and breakout discussions, approximately 35 corporate directors, academics, institutional investors and executives addressed issues relating to how corporations can act as good citizens, the responsibility of directors for corporate misconduct, governance structures designed to better alert senior management and directors to misconduct, the growing influence of shareholders on corporate governance, and appropriate compensation practices for corporations.
This Salzburg Global program, “The Courageous Director: Can Corporations Better Serve People, Planet, and Profit?,” is part of the Salzburg Global Forum on Corporate Governance, a multi-year series. The session is supported by Shearman & Sterling, BNY Mellon, UBS, Barclays, CLP Group, Goldman Sachs, Teledyne Technologies and Elliott Management. First held in 2015, the Forum facilitates critical thinking on changing regulatory and economic environments, comparative practices, and the roles and duties of directors.