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In today’s complex and uncertain world, focusing on near-term shareholder value alone is no longer enough to ensure long-term business success. Sustained value creation requires companies to manage business performance to ensure that sustainability matters that affect business value are addressed.

We’re delighted to assist the World Business Council for Sustainable Development (“WBCSD“) with the development of ‘Modernizing Governance: ESG challenges and recommendations for corporate directors‘ report, which aims to better understand the current state of play and potential solutions by:

  • examining the current governance approach relating to sustainability in 12 jurisdictions; and
  • interviewing board members representing more than 40 companies to understand their perspectives on sustainability governance

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Author

David Hackett advises senior management, legal departments and boards of major corporations and nonprofits on compliance, risk, environmental and sustainability matters. He has exceptional experience managing US and international compliance and environmental projects, including the evaluation and development of effective compliance and sustainability programs. He also has extensive experience litigating major civil and criminal environmental matters. David sits on multiple nonprofit boards and additionally advises many civic and nonprofit organizations across the globe. Following his tenure with the Environmental Enforcement Division of the US Department of Justice, David joined the Firm where he has played a formative role in the establishment of the Firm's compliance, environmental, climate and sustainability practices. At Baker McKenzie, David has served as the managing partner of North America, a member of the Global Executive Committee, and Chicago office managing partner. He has also been the North America Chair of both the Compliance Practice Group and the Banking, Finance and Major Projects Practice Group.

Author

Craig Roeder is a partner in Baker McKenzie's Chicago office with significant experience in public and private mergers and acquisitions, securities offering transactions, securities law compliance, corporate governance and other corporate transactional matters. Craig has been recognized as a leading lawyer in mergers and acquisitions in Chambers USA, Legal 500 USA, Best Lawyers and International Who’s Who of Mergers & Acquisition Lawyers. He has also twice been named as a Client Service All Star in surveys of Fortune 1000 corporate counsel conducted by BTI Consulting Group.

Author

Gloria Santona is Of Counsel in the Chicago office of Baker McKenzie. Gloria served as Executive Vice President, General Counsel and Secretary of McDonald's Corporation. Since 1977, she held positions of increasing responsibility in McDonald's legal department, serving as US General Counsel from December 1999 to June 2001 and corporate General Counsel from June 2001 until 2017. As a member of the company's executive leadership, she was actively involved in the company's growth strategy. She led the company's worldwide legal, risk, compliance and regulatory function. Widely respected in the legal profession, Gloria was named an Outstanding General Counsel by the National Law Journal and has been recognized as one of America's Top General Counsel by Corporate Board Member magazine. Under Gloria's leadership, McDonald's legal department won numerous awards for its commitment to diversity and pro bono.

Author

Beatriz Pessôa de Araújo is a corporate partner in Baker McKenzie's London office. She is a member of the Firm's Corporate Practice Group, as well as its Financial Institutions, Industrials, EMI and Healthcare groups.