Carol Nolan Drake
Carol Nolan Drake, J.D.
Carol was named the Governance and Stewardship Policy Manager for ICGN in October 2021, in which she will support the Global Governance and Global Stewardship Committees, among other duties. She will continue her participation as a Faculty Member of the ICGN’s Education and Training programmes.
Carol is the CEO & Founder of Carlow Consulting, LLC, a business she started in January 2017 to provide consulting on corporate governance, ESG programs and reporting, federal legislative and regulatory matters. She is a licensed attorney.
Carol’s career began as an Assistant County Prosecutor and Assistant City Attorney. She served within the administrations of three Ohio governors, one as a Cabinet director and as Chair/Vice Chair on several boards and commissions. Carol was appointed to serve on the Board of Trustees for a large institutional investor, the Ohio Deferred Compensation Board, and the School Facilities Commission. She received four resolutions from Governors for excellence in public service and nominations for the Neil V. Toth Leadership Award. Carol received two Catalyst Team Awards, the Business and Professional Women’s Outstanding Woman in the Legal Profession award and the Governor’s All-Star Award for participation on the Joint Health Care Committee.
She served five years on the Council of Institutional Investors (CII) Board, including the positions of Treasurer and Chair of the Audit and Policies Committees. Carol was the co-Chair of the ICGN Shareholder Responsibilities Committee (SHREC) for three years, under which the Committee updated the Diversity on Boards and Share Lending Guidelines. She has authored several articles on governance and ESG best practices, and regularly speaks on corporate governance issues.
Carol is a cum laude graduate of Ohio Wesleyan University and the Claude W. Pettit College of Law, Ohio Northern University.
Selected Publications:
Society for Corporate Governance, ESG Implementation Guide: Getting Started
Sally J. Curley, IRC & Carol Nolan Drake, J.D., Co-Authors
July 2020
Perspectives, guidelines, and practical tools to help companies launch environmental, social, and governance (ESG) programs and develop disclosures.
Chapter 48 For Directors: The Long-Term Relationship Between Directors, Companies and Institutional Investors
Carol Nolan Drake, Author
Handbook of Board Governance, Second Edition, Wiley Publications,
May 2020
Highlights of long-term ownership by institutional investors and why institutional investors are important to Companies and Boards of Directors. Interviews of 16 global governance experts, including board members.
Chapter 54 Private Versus Public Company Governance: Top 13 Questions For Board Members To Consider
Sally J. Curley, IRC & Carol Nolan Drake, J.D., Co-Authors
Handbook of Board Governance, Second Edition, Wiley Publications
May 2020
Interviews with private company directors who provided answers and thoughts on the top 13 questions on board governance issues between private and public companies.
The Filibuster and Supermajority Voting: Drinking Coffee with Washington and Jefferson
Carol Nolan Drake, J.D., Author
Skytop Strategies Business Intelligence Hub
February 2021
The Filibuster and Supermajority Voting: Drinking Coffee with Washington and Jefferson | Skytop Strategies
Post-Covid-19: Do We Still Need To Be In The Room Where It Happens?
Carol Nolan Drake, J.D., Author
Skytop Strategies Business Intelligence Hub
May 2020
“Post-Covid-19: Do We Still Need To Be In The Room Where It Happens?”
ICGN Yearbook: Remuneration: Fairness within the Company and Within Society- Why is This Important?
Carol Nolan Drake, J.D., Author
2019
By linking performance to the values within a company, a company can reflect that culture internally to its employees and externally to investors and interested parties.
ICGN Yearbook: Why Diversity is Important
Carol Nolan Drake, J.D., Author
2016
Diversity is a core attribute of a well-functioning board. Boards play a role in fostering diversity within the boardroom and company structure.