BoardNews -BoardProspects

Articles in category: BoardNews

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1. Breaking News: Renault Keeps Carlos Ghosn at Wheel After Probe Finds No Pay Wrongdoing
  
  Explore Business Standard 15 hours, 35 min ago BoardNews
  
  A Renault SA probe found that jailed Chief Executive Officer Carlos Ghosn’s compensation at the French carmaker complied with French law, sending another signal of the division with its alliance partner Nissan Motors Co. A preliminary review of the years between 2015 and 2018 found nothing amiss on pay to the executive, who was indicted in Japan for understating his income, Renault said in a statement Thursday...
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  Mentions: Japan stock options investigation
2. Detour Gold: CEO Steps Down After Shareholders Side With Paulson in Proxy Vote
  
  Explore Stock Market Quotes and News 15 hours, 47 min ago BoardNews
  
  TORONTO — Detour Gold Corp. says interim CEO Michael Kenyon has resigned following a vote that saw shareholders side with activist investor Paulson & Co. Inc. in a extended proxy battle. The vote saw five Paulson-nominated directors approved, including two who had also been endorsed by Detour, as well as four others from the slate put forth by Detour...
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  Mentions: AMP Paulson & Co. Detour Gold
3. Board Pay Reaches a Quarter Million Dollars
  
  Explore Equilar 17 hours, 40 min ago BoardNews
  
  For the fifth consecutive year, the median annual retainer given to directors increased, topping out at $250,000 in 2017, according to the new Equilar Director Pay Trends report, which features independent commentary from Meridian Compensation Partners.
  
  From 2013 to 2017—the five years included in the study—median annual retainers increased by $35,000, or 16.3%....
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  Mentions: stock options Director Compensation
4. 'No One Would Ever Tolerate That,' Under Armour CEO Says About Employees Expensing Strip Club Visits
  
  Explore boardprospects.com 18 hours, 41 min ago BoardNews
  
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  Mentions: AMP Under Armour CEO
5. Filing of a Securities Class Action on Behalf of Nissan Motor Co., Ltd. Investors (NSANY)
  
  Explore businesswire.com Dec 13 2018 BoardNews
  
  LOS ANGELES- Glancy Prongay & Murray LLP (“GPM”), a global investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired Nissan Motor Co., Ltd. (“Nissan” or the “Company”) (OTC: NSANY ) securities between December 10, 2013 and November 16, 2018 , inclusive (the “Class Period”). Nissan investors have until February 8, 2019 to file a lead plaintiff motion...
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  Mentions: Investors Twitter lawsuit
6. A Wall Street Shop That Called Facebook and Snap's Troubles is Out with its 2019 Predictions
  
  Explore Stock Market Data Today Dec 12 2018 BoardNews
  Pivotal Research Group, a small research firm that called troubles for Facebook and Snap early on, just released its media, internet, and communications predictions for the coming year.
  
  Among the analysts' forecasts are "material" management changes at Facebook and "another ugly year" for satellite television...
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  Mentions: Management Amazon Facebook
7. Credit Suisse Ends Restructuring with Plan for up to $3 Billion Share Buyback
  
  Explore Stock Market Quotes and News Dec 12 2018 BoardNews
  
  ZURICH (Reuters) - Credit Suisse plans to buy back 2 to 3 billion Swiss francs ($2-3 billion) of shares over the next two years and raise its dividend, voicing confidence that its strategy is working after a painful three-year restructuring. Switzerland's second-biggest bank confirmed commitments to distribute half of net profit to shareholders, mainly through buybacks or special dividends, offering a sweetener to investors who have had to stomach hefty share price declines during Chief Executive Tidjane Thiam's three-and-a-half-year tenure. By focusing on managing assets for the world's wealthy, particularly the very richest and entrepreneurs in Asia, Credit ...
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  Mentions: Investors Dividend Credit Suisse
8. Australia: Shareholders are Hell-Bent on Punishing and it's Making Boards Nervous
  
  Explore Sydney Morning Herald Dec 12 2018 BoardNews
  
  Company boards are nervous. Four years ago it was rare to see much support for a shareholder strike vote about executive pay. Fast forward to today, shareholders have developed a real taste for it. Shareholders delivering strikes vote against remuneration reports have morphed into a broader protest vote aimed at anything from poor financial performance and a sagging share price to behavioural and social issues...
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  Mentions: risk Bank social issues
9. Elliott Says it Takes Position in Pernod Ricard
  
  Explore MarketWatch Dec 12 2018 BoardNews
  
  Elliott Management Corp. said Wednesday that it holds an interest of more than 2.5% in Pernod Ricard SA (RI.FR) and is recommending changes to generate value for stakeholders. The U.S. activist fund said there is significant potential for improving the French company, and recommends launching a "more ambitious operational-improvement plan" that will help Pernod catch up to peers in profitability, along with making changes to its corporate governance...
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  Mentions: Corporate Governance Management Elliott Management
10. Women CEOs Share Tips for Getting Board Member Roles
  
  Explore fortune.com Dec 12 2018 BoardNews
  
  Women hold just over 10% of board seats at Fortune 500 companies, according to Catalyst Inc. Chief executives, gathered at Fortune ’s Most Powerful Women Next Gen conference in Laguna Niguel, Calif., on Tuesday spoke to a room of women interested in joining a board—and what that entails. The ...
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  Mentions: National Association of Corporate Directors Conference Women
11. Protests Outside but No Fireworks Inside CBS’ Annual Shareholders Meeting
  
  Explore variety.com Dec 12 2018 BoardNews
  
  A small group of protestors chanted “No money for Les” outside of CBS Corp.’s annual shareholders meeting in New York on Tuesday, but inside there were no questions from shareholders about the sexual misconduct scandal that has enveloped the company and former chairman-CEO Leslie Moonves...
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  Mentions: Annual Meeting Sexual misconduct CBS
12. Talent, Digital Disruption Among Top Areas for Board Focus in 2019
  
  Explore PR Newswire Dec 11 2018 BoardNews
  
  NEW YORK , Dec. Talent in the boardroom and throughout the organization, along with understanding the potential impact of disruptive risks posed by advances in digital technologies, will be critical areas of focus for boards as they guide their companies forward, according to U.S. audit, tax and advisory firm KPMG LLP's Board Leadership Center (BLC)...
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  Mentions: Leadership Audit Committee risk
13. GE Shares fall to $6.66 a Share, the Lowest Close During the Financial Crisis
  
  Explore CNBC.com Dec 11 2018 BoardNews
  
  General Electric shares fell as low as $6.66 share in trading Tuesday, a level which marked the lowest close for the stock during the financial crisis a decade ago...
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  Mentions: SEC crisis General Electric
14. UK: McAdam to Retire as Rentokil and United Utilities Chair
  
  Explore Yahoo! UK & Ireland Finance Dec 11 2018 BoardNews
  
  Two FTSE-100 companies with a combined market value of almost £11bn are kicking off the search for new chairs as John McAdam, the veteran industrialist, prepares to step down after more than a decade at the helm. Sky News has learnt that both Rentokil, the pest control and facilities management group, and United Utilities (LSE: UU.L - news ) , the water company, have begun hunting successors to Mr McAdam, who joined both companies in 2008...
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  Mentions: Management LSE NYSE
15. Women Get Corporate Board Seats Mostly When It's Required by Law
  
  Explore BNN Bloomberg Dec 11 2018 BoardNews
  
  (Bloomberg) -- Diversity advocates have been trying for two decades to sell the corporate world on gender balance in the boardroom. Maybe they should be lobbying lawmakers instead. A new study by Egon Zehnder points out that among countries that average three or more women on large company boards -- thought to be the threshold at which diversity starts to yield higher returns -- all but one operate under government-mandated quota systems...
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  Mentions: Diversity Bloomberg Women
16. Whitestone REIT Proposes to Declassify its Board of Trustees
  
  Explore GlobeNewswire Dec 11 2018 BoardNews
  
  Dec. 11, 2018 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”), a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality “E-Commerce Resistant” neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt, today announced that the Company’s Board of Trustees intends to unanimously recommend to the Company’s shareholders the elimination of ...
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  Mentions: Board Declassification Whitestone REIT
17. Vivendi Demands Telecom Italia Fire Directors Allied to Elliott
  
  Explore Yahoo! Finance Dec 11 2018 BoardNews
  
  (Bloomberg) -- Vivendi SA demanded that Telecom Italia SpA’s board convene shareholders to appoint new auditors and replace five company directors allied to U.S. activist Elliott Management Corp. Key Insights Vivendi is turning up the heat in its battle to win back control of Italy’s dominant phone company from Elliott after the U.S. activist’s allies last month pushed out the company’s CEO, a Vivendi ally.Telecom Italia’s board, dominated by Elliott allies, has resisted Vivendi’s demand for a shareholder meeting to appoint auditors ...
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  Mentions: Management Elliott Management Bloomberg
18. Egon Zehnder Global Board Diversity Tracker Suggests Gender Parity in the Boardroom May Never Be Achieved
  
  Explore globalbankingandfinance.com Dec 11 2018 BoardNews
  
  11/12/2018 Egon Zehnder, the world’s leadership advisory firm, today released the results of its 2018 Global Board Diversity Tracker. The study shows the accelerating growth seen in female directors in Western Europe is now levelling off, and growth elsewhere remains sluggish, suggesting gender parity on boards may never be reached at the current pace...
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  Mentions: Board Diversity Diversity Leadership
19. After Losing 99% of its Value, MoviePass' Parent Company is Getting Ready to Ask Shareholders to Support its CEO and approve his Pay
  
  Explore Business Insider Dec 11 2018 BoardNews
  Helios and Matheson, the parent company of MoviePass, has scheduled another shareholder meeting.
  
  Unlike a meeting it cancelled last month, this is its standard, annual gathering of shareholders, where investors will get to vote on its director nominees and what it pays executives.
  
  Even those proposals could prove controversial, considering how much the company's stock has declined this year — as much as 99% from the start of the year...
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  Mentions: Technology Investors acquisition
20. Musk Suggests Tesla's New Chairwoman Won't Rein Him In
  
  Explore sfgate.com Dec 10 2018 BoardNews
  
  NEW YORK (AP) — Tesla CEO Elon Musk dismissed the idea that the company's new chairwoman can exert control over his behavior. Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla's board last month, replacing Musk as part of as part of a securities fraud settlement with U.S. government regulators. But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric car company's largest shareholder...
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  Mentions: SEC David Einhorn Tesla
21. Bayer CEO Says has Not Had Contact with Activist Investor Elliott
  
  Explore kitco.com Dec 10 2018 BoardNews
  
  Bayer CEO says has not had contact with activist investor Elliott Reuters Monday December 10, 2018 16:13 Kitco News Share this article: DUESSELDORF (Reuters) - Bayer ( BAYGn.DE ) Chief Executive Werner Baumann said on Monday he has not had any contact with Elliott Management, following a Reuters report which said the U.S.-based activist investor had taken a position in the German pharmaceuticals giant...
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  Mentions: Management Elliott Management CEO
22. Big Shareholder at Yelp Wants a Board Reshuffle, Citing 'Slow Pace of Innovation'
  
  Explore CNBC.com Dec 10 2018 BoardNews
  
  Saying it's lost patience with missteps and earnings shortfalls, a large shareholder at Yelp is seeking a board reshuffle at the online review site...
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  Mentions: Investors Google Uber
23. Detour Delays Vote After Early Tallies Show Paulson Majority
  
  Explore BNN Bloomberg Dec 10 2018 BoardNews
  
  Detour Gold Corp. has delayed by two days a special meeting slated for Tuesday after early tallies showed activist investor Paulson & Co. won a majority of seats on the miner’s board. The New York hedge fund run by billionaire John Paulson has been pushing to replace the bulk of Detour Gold’s directors since June...
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  Mentions: Hedge Fund lawsuit stake
24. Moonves Accuser Speaks Out, Calls for Transparency from CBS Board
  
  Explore cnn.com Dec 10 2018 BoardNews
  
  The two law firms that are investigating misconduct at CBS are due to deliver their report to the company's board of directors soon. The New York Times has already been ...
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  Mentions: Sexual misconduct CBS Target
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