Michael W. Peregrine
Subscribe to Michael W. Peregrine's PostsMichael W. Peregrine represents corporations (and their officers and directors) in connection with governance, corporate structure, fiduciary duties, officer-director liability issues, charitable trust law and corporate alliances. Michael is recognized as one of the leading national practitioners in corporate governance law. Read Michael W. Peregrine's full bio.
It’s Never Too Late to Detour From the Wrong Ethical Route
By Michael W. Peregrine on Feb 14, 2024
Posted In Fiduciary and Investment Issues
A civil enforcement action against a healthcare company reveals a straightforward lesson: It’s never too late for leaders to make the right decision. In this Forbes article, Michael Peregrine discusses the government’s complaint and offers takeaways for corporate boards. Access the article.
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The CEO as Corporate Cheerleader
By Michael W. Peregrine on Dec 14, 2023
Posted In Uncategorized
How should the chief executive officer (CEO) respond to the host of internal and external challenges facing their business? In this Forbes article, Michael Peregrine suggests the CEO adopt a mindset rooted in rational confidence in the company’s future and in the leadership’s decision-making. Read more here.
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The Misbehaving CEO: Sexual Harassment Remains a Big Concern for Boards
By Michael W. Peregrine on Oct 26, 2023
Posted In Uncategorized
Most responsible corporate boards took measures to address codes of conduct issues and sexual harassment in the wake of the “MeToo” movement. However, a flurry of recent stories involving misbehaving CEOs suggests otherwise. In this Forbes article, Michael Peregrine says these scandals should be a wake-up message to corporate boards. Access the article.
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Addressing DOJ’s New Compliance Focus on Executive Compensation
By Ralph E. DeJong, Michael W. Peregrine, Sarah Walters and Eugene I. Goldman on May 19, 2023
Posted In Executive Compensation
The new compliance focus on executive compensation, as announced by the US Department of Justice (DOJ) on March 3, 2023, has significant implications for how healthcare organizations address both corporate compliance and compensation programs for their executives. It also raises new issues for the board of directors’ oversight of compliance and compensation functions. In a...
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The Bosses May Be Back in Charge (but Not as Much as They Think)
By Michael W. Peregrine on Mar 16, 2023
Posted In Employment, Labor
CEOs may think they are fully in control of their workforces, but this belief may be more of an illusion than reality. In this Forbes article, McDermott Partner Michael Peregrine says certain pandemic-era changes to their authority may be more lasting than they realize–especially as it relates to their dynamic with the board of directors....
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The FTC’s Noncompete Plans Are Part of a Sea Change for Business
By Michael W. Peregrine on Feb 9, 2023
Posted In Employee Benefits, Employment
The Federal Trade Commission’s newly proposed rules that would prohibit most noncompete clauses in employment represent a seismic shift for business. In this Barron’s article, McDermott Partner Michael Peregrine says corporate leadership should “take very seriously” the threat that federal antitrust policy presents to business operations and strategic development. “This government activity has risen to...
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Why More Companies Are Linking CEO Pay To ESG
By Michael W. Peregrine on Dec 27, 2022
Posted In Executive Compensation
An important new governance survey suggests an increasing willingness to consider linking a company’s ESG performance measures to executive incentive compensation. Such a practice would demonstrate a significant corporate embrace of social responsibility principles. But implementing such measures may present boards and their compensation committees with practical implementation challenges. The new survey from The Conference...
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Conversations on Healthcare Governance
By Michael W. Peregrine on Dec 13, 2022
Posted In Employee Benefits, Executive Compensation, Fiduciary and Investment Issues, Health and Welfare Plans
In this three-part podcast series focusing on healthcare governance, McDermott Partner Michael Peregrine joins the American Health Law Association to discuss a range of governance issues, including the following: The nature and scope of the fiduciary responsibilities facing board members within nonprofit health systems; Standards of conduct, expectations and the line between governance and management;...
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Insights and Challenges for the Executive Compensation Committee
By Michael W. Peregrine and Ralph E. DeJong on Nov 30, 2022
Posted In Executive Compensation, Labor
The board’s executive compensation committee is the focus point for many of the extraordinary financial, economic and operating challenges currently facing healthcare organizations. Executive compensation increases are impacted by both an inflationary economy and significant revenue downturn. In addition, the US Department of Justice has identified executive compensation as an important conduit through by which...
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Change Fatigue And Organizational Culture: A Critical Call For Leadership
By Michael W. Peregrine on Aug 25, 2022
Posted In Executive Compensation
How can organizations cope with change fatigue in uncertain times? In this Forbes article, McDermott Partner Michael Peregrine draws on historical and present examples to argue that effective leadership starts with the proper tone at the top. “A positive organizational culture may come less easily these days, not because the organization itself is less robust,...
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