1. Articles in category: BoardNews

    1-24 of 10658 1 2 3 4 ... 442 443 444 »
    1. Corteva Sticks with CEO Amid Starboard Pressure

      Corteva Sticks with CEO Amid Starboard Pressure

      BOSTON (Reuters) - Corteva Inc's board of directors decided to back chief executive officer James Collins after activist investor Starboard Value LP took issue with the performance of the agricultural products company's management, people familiar with the matter said on Thursday. Corteva, valued at $27 billion, became a publicly traded company last year ...

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    2. Korea Set to Crack Down on Chaebols With Corporate Reform Steps - Bnn Bloomberg

      Korea Set to Crack Down on Chaebols With Corporate Reform Steps - Bnn Bloomberg

      South Korea is pushing for its most significant reform of corporate governance since President Moon Jae-in took office, a move that could add transparency to top decision-making at large conglomerates that dominate the economy. The conglomerates, known as chaebols, propelled South Korea’s rise as an export powerhouse...

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    3. Harbert Discovery Fund Issues Letter to Enzo Biochem Board of Directors

      Harbert Discovery Fund Issues Letter to Enzo Biochem Board of Directors

      We are writing to demand Elazar Rabbani immediately resign as CEO and from the Board of Directors (the “Board”) of Enzo Biochem, Inc. (NYSE: ENZ) (“Enzo” or the “Company”). Harbert Discovery Fund, LP and Harbert Discovery Co-Investment Fund I, LP (collectively “HDF”) currently own approximately 11.74% of the outstanding shares of Enzo, making us the Company’s largest shareholder...

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    4. Shareholders Tried to Combat Racial Inequality Through 48 Resolutions This Year. Here’s How Fund Companies Voted.

      Shareholders Tried to Combat Racial Inequality Through 48 Resolutions This Year. Here’s How Fund Companies Voted.

      Investors have been using shareholder resolutions to voice concerns and shape corporate practices to combat racial injustice. Fund companies, with their huge assets and meaningful stakes, can leverage their proxy votes to support these changes. Still, some are more supportive than others...

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    5. As Ackman Hunts Blockbuster Deal, He Counts on Big Backers

      As Ackman Hunts Blockbuster Deal, He Counts on Big Backers

      Among the heavy hitters rounded up by Ackman for his Pershing Square Tontine Holdings Ltd investment vehicle, according to the filings, are mutual fund giant T. Rowe Price Group Inc, investment firm Guggenheim Partners, hedge fund Baupost Group, Canadian pension fund Ontario Teachers and private equity firm Blackstone Group Inc. Tontine raised $4 billion in an initial public offering (IPO) in July...

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    6. CoreLogic Activist Investors Win Three Seats on Company’s Board

      CoreLogic Activist Investors Win Three Seats on Company’s Board

      (Bloomberg) -- The investors pushing for changes at CoreLogic Inc. have won three seats on the board of the data provider after a lengthy battle that has dragged out since June. CoreLogic said in a statement that preliminary tallies show that Cannae Holdings Inc. and Senator Investment Group have won the necessary support for three of their nominees: Steve Albrecht, Wendy Lane and Henry Winship. The statement confirmed an earlier Bloomberg News report...

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    7. Paramount Board of Directors Unanimously Rejects Unsolicited Proposal from Bow Street

      Paramount Board of Directors Unanimously Rejects Unsolicited Proposal from Bow Street

      Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that its Board of Directors has unanimously rejected an unsolicited proposal received from Bow Street LLC (“Bow Street”) on November 4, 2020 to acquire all of the Company’s outstanding shares for between $9.50 and $10.00 per share in cash...

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    8. Elliott Exits AT&T after Waging a Fight in 2019; Starboard Exits eBay

      Elliott Exits AT&T after Waging a Fight in 2019; Starboard Exits eBay

      Elliott Management, which last year took a $3.2 billion stake in AT&T and pushed the company to sell some assets, has itself exited the telecommunications and media company, according to a regulatory filing on Monday. The New York-based hedge fund liquidated its investment when it sold 5 million shares during the quarter that ended Sept. 30. It had first bought into the stock during the third quarter 2019, according to another filing...

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    9. SEC Chair Clayton Leaving Post as Top Financial Regulator

      SEC Chair Clayton Leaving Post as Top Financial Regulator

      WASHINGTON — Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end, the SEC announced Monday. Clayton’s term runs through mid-2021. It is common practice for agency heads or Cabinet members appointed under an outgoing administration to leave early...

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    10. Biglari Capital Corp. Issues Statement On Why It Is Urgent To Add An Independent Nominee To Cracker Barrel Board Of Directors

      Biglari Capital Corp. Issues Statement On Why It Is Urgent To Add An Independent Nominee To Cracker Barrel Board Of Directors

      Biglari Capital Corp. (together with its affiliates, "Biglari Capital"), one of the largest and longest-standing shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), beneficially owning approximately 8.7% of the Company's outstanding common stock, today issued the following statement in support of its nominee for election to the Cracker Barrel board of directors (the "Board") at the Company's upcoming annual meeting of shareholders, scheduled for November 19, 2020...

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    11. HSBC Has Big Ambitions in China. Westerners Still Dominate Its Board.

      HSBC Has Big Ambitions in China. Westerners Still Dominate Its Board.

      Global banking giant HSBC Holdings PLC has made clear that its business destiny is in China. Its board, however, remains an Anglo-American affair. The London-based, Asia-focused bank appointed three board members along with a chief legal officer and a chief operating officer in the past 12 months. All are American. Just two out of 14 board members are Chinese....

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      Mentions: Bank Asia HSBC
    12. Nissan’s Civil Court Case Against Former Chairman Ghosn Opens in Japan

      Nissan’s Civil Court Case Against Former Chairman Ghosn Opens in Japan

      A civil court trial has begun in Japan over Nissan’s demand for 10 billion yen (£73 million) in damages from its former chairman, Carlos Ghosn. T he automaker has sued Ghosn over what it says is harm suffered from various types of alleged financial misconduct. Ghosn jumped bail late last year while awaiting a separate criminal trial in Japan. Nissan carried out a robust and thorough internal investigation that included external lawyers...

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    13. Aecom Could Face Repeat Board Fight With Activist Starboard

      Aecom Could Face Repeat Board Fight With Activist Starboard

      (Bloomberg) -- Aecom’s standstill agreement with activist investor Starboard Value expires next week, setting the stage for a potential boardroom battle at the engineering services firm for a second year in a row. The New York-based hedge fund, which owns a roughly 3.7% stake in Aecom, butted heads with the company in June over the appointment of new Chief Executive Officer Troy Rudd. The dispute resulted in Starboard Managing Member Peter Feld resigning from the board in protest...

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