Date: February 22, 2023
Time: 2:00 pm – 5:00 pm ET
Location: Clayton Hall
- View Recording – Program First Session
- View Recording – Program Second Session
- Agenda and Scenario
- Reference Materials List
This three-hour interactive event explored, from the board’s perspective, the most challenging issues emerging in the ESG landscape, focusing on the board’s role, as well as emphasizing practical advice for boards and management. The program was led by Sabastian V. Niles, a Partner from Wachtell, Lipton, Rosen & Katz, and John W. White, a Partner from Cravath, Swaine & Moore LLP. Rather than dwelling on the SEC and European proposals in the ESG arena, the discussion drilled down on ESG related issues frequently encountered by boards today. Panel members discussed board / board committee and management responsibilities with respect to ESG, fiduciary duties, integrating ESG into strategy and operations, the importance of reliable data and internal control procedures, ESG metrics and targets related to compensation plans, ESG activists and shareholder proposals. Case studies and scenarios were utilized to illustrate some of the complexities and challenges.
In addition to Sabastian Niles and John White, the other participants were:
• Michael L. Arnold, Partner, Cravath, Swaine & Moore LLP
• Catherine G. Dearlove, Director, Richards, Layton & Finger
• Aaron Holmes, General Counsel North America & Senior Managing Director, Accenture
• Professor Jennifer R. Joe, Whitney Family Endowed Chair of Accounting, Cohen Family Lerner Director of Diversity, Lerner College of Business & Economics, University of Delaware
• Justin P. Klein, Director, John L. Weinberg Center for Corporate Governance, Lerner College of Business & Economics, University of Delaware
• Carmen X. W. Lu, Counsel, Wachtell, Lipton, Rosen & Katz
This Weinberg Center panel provided participants with useful insights and practical takeaways.