Reprinted with permission
Morrison & Foerster partner Suz Mac Cormac co-authored an
article with PG&E’s Brian Wong for ACC Docket, a publication by the
Association of Corporate Counsel, that covers how climate change
impacts companies and how board members should address the related
risks and issues.
“Ignoring the impact of climate change on business in the
long term and the short term is at best irresponsible, and at worst
could deal a significant blow to the company and its
shareholders,” write the authors, who suggest that board
members and in-house counsel should “consider changes in
climate as they provide guidance and exercise their oversight
function over management.”
“There is no ‘best-in-class’ solution for all
boards to adopt in considering climate risk as part of their
oversight function,” according to the authors, who then offer
some leading practices on private governance as advice, noting that
impact analysis, board governance structure, board
