U.S. corporate board diversity lags as few minority execs get top jobs: study

FILE PHOTO: The skyline of lower Manhattan is seen before sunrise in New York City, U.S., July 17, 2019. REUTERS/Brendan McDermid/File Photo

BOSTON (Reuters) – Publicly traded U.S. companies have been slow to add minority directors over the past five years even as women grabbed a greater share of board seats during that period, a comprehensive study to be released on Monday shows.

Across the Russell 3000, a broad index of U.S. companies, 29% now have two or more ethnically diverse directors, 7 percentage points more than in 2016, according to the new data from ISS ESG, an arm of Institutional Shareholder Services, scheduled to be presented at a conference on Monday. By contrast 66% of those boards now have 2 or more women, 27 percentage points more than in 2016, ISS found.

Brett Miller, head of data solutions for ISS ESG, said the figures reflect how boards traditionally recruit

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Corporate governance in COVID-19: Cybersecurity and technology considerations

Cybersecurity oversight is a key fiduciary responsibility for a board of directors and was a significant concern for companies even before the COVID-19 pandemic forced so many organizations to suddenly shift to remote work. Data breaches and other cyber threats pose significant competitive, reputational, and litigation risks and require increasingly costly investments to prevent, detect, and respond to. Changes in the environment as a result of the pandemic have created new risks that need to be managed with board oversight.

With a cyber breach considered by most experts to be inevitable, cyber risk must be part of the board’s overall risk oversight. Keep in mind that directors don’t need to be technologists to play an effective role in cyber risk oversight. Every board can take the opportunity to improve the effectiveness of its cyber oversight practices.

The board should ask the following general questions to understand cybersecurity risk:

  • What are
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Mars Appoints Dr. Maria Velissariou as Global Corporate R&D Vice President and Chief Science Officer

Dr. Velissariou was with the Institute of Food Technologists before joining Mars and serves on the board of directors of the Chicago Council for Science and Technology.  

MCLEAN, Va., Sept. 10, 2020 /PRNewswire/ — Mars, Incorporated announced today the hiring of Dr. Maria Velissariou as the new Global Corporate Research & Development (R&D) Vice President and Chief Science Officer. Dr. Velissariou joins Mars on Sept. 13 and will lead Mars’ enterprise-wide approach to Quality and Food Safety, Scientific & Regulatory Affairs and deliver Mars’ R&D strategy in partnership with its business segments. Dr. Velissariou will report into Jean-Christophe Flatin, President of Innovation, Science, Technology & Mars Edge and will partner with the existing Mars Chief Science Officer and Vice President of Corporate R&D, David Crean, as a transition to his retirement in April 2021.

Most recently, Dr. Velissariou was the Chief Science and Technology Officer at the Institute of Food

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Mars Welcomes Dr. Maria Velissariou as New Global Corporate R&D Vice President and Chief Science Officer | News

MCLEAN, Va., Sept. 10, 2020 /PRNewswire/ — Mars, Incorporated announced today the hiring of Dr. Maria Velissariou as the new Global Corporate Research & Development (R&D) Vice President and Chief Science Officer. Dr. Velissariou joins Mars on Sept. 13 and will lead Mars’ enterprise-wide approach to Quality and Food Safety, Scientific & Regulatory Affairs and deliver Mars’ R&D strategy in partnership with its business segments. Dr. Velissariou will report into Jean-Christophe Flatin, President of Innovation, Science, Technology & Mars Edge and will partner with the existing Mars Chief Science Officer and Vice President of Corporate R&D, David Crean, as a transition to his retirement in April 2021.

Most recently, Dr. Velissariou was the Chief Science and Technology Officer at the Institute of Food Technologists (IFT), where she oversaw science, technology, and policy strategies, advocated for the science of food, and partnered with stakeholders across industry, academia,

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Biden Pitches Corporate Tax Changes to Boost U.S. Jobs

Democratic presidential nominee Joe Biden rolled out corporate tax proposals Wednesday aimed at protecting U.S. workers by encouraging companies to invest in jobs domestically and punishing multinationals for moving jobs overseas.

Biden’s proposals include:

  • A 10% surtax on profits of U.S. companies on products made overseas and then sold in the United States. Combined with Biden’s proposed 28% corporate tax rate, the plan means companies would pay a 30.8% tax rate on any such profits, Biden’s campaign said.
  • A 10% “Made in America” tax credit meant to spur job creation. The credit would be available to companies that invest in reopening or retooling U.S. facilities or bring back manufacturing or service jobs from foreign countries.
  • Closing what the Biden campaign calls “three major offshoring loopholes” in the 2017 Republican tax law that allow companies to shield profits from U.S. taxes.

Biden also said he would sign a series of executive

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Mars Welcomes Dr. Maria Velissariou as New Global Corporate R&D Vice President and Chief Science Officer

34-Year Mars Executive Veteran David Crean To Retire in April 2021

MCLEAN, Va., Sept. 10, 2020 /PRNewswire/ — Mars, Incorporated announced today the hiring of Dr. Maria Velissariou as the new Global Corporate Research & Development (R&D) Vice President and Chief Science Officer. Dr. Velissariou joins Mars on Sept. 13 and will lead Mars’ enterprise-wide approach to Quality and Food Safety, Scientific & Regulatory Affairs and deliver Mars’ R&D strategy in partnership with its business segments. Dr. Velissariou will report into Jean-Christophe Flatin, President of Innovation, Science, Technology & Mars Edge and will partner with the existing Mars Chief Science Officer and Vice President of Corporate R&D, David Crean, as a transition to his retirement in April 2021.

Most recently, Dr. Velissariou was the Chief Science and Technology Officer at the Institute of Food Technologists (IFT), where she oversaw science, technology, and policy strategies, advocated for

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Vior Appoints VP Corporate Development and New Board Member

QUEBEC, QC / ACCESSWIRE / September 2, 2020 / SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC. (“Vior”or the “Corporation”), (TSXV:VIO)(FRANKFURT:VL51) – is pleased to announce that Mr. Laurent Eustache is joining the Corporation as Vice President Corporate Development and has been appointed to Vior’s Board of Directors, effective September 1, 2020.

“We are very excited to welcome Laurent to our Executive team at Vior. He brings the analytical skills, a disciplined approach as well as a deep understanding of the junior exploration landscape. I am looking forward to working with him on our strategic planning and growth strategy as we look to bring Vior to the next level for our shareholders” stated Mark Fedosiewich, CEO and President.

Over the past 15 years, Mr. Eustache has held a number of positions in the mining industry where he has applied various exploration strategies to mineral deposits at both the early and advanced development stages.

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