A good start with six down, and only three more to go to complete the board refill. Accountability, integrity, and good corporate governance at the top is ...
Profits aren't the be-all and end-all of business, according to the chief executives of JPMorgan Chase & Co., the Coca-Cola Company, General Motors Co. and other members of the Business Roundtable group of American bosses...
The unprecedented punishment of Major League Baseball’s Houston Astros is a wake-up call to general counsel, not just in sports but in every industry, to make sure the compliance message is reaching all employees...
Casper's task now is to convince prospective investors that the company can ... officer, moves likely intended to strengthen its corporate governance...
Shareholder engagement continues to be an important consideration for companies in communicating their long-term strategy and deepening relationships with their investors, and boards are becoming ever more involved in the process...
(BLOOMBERG) - In what's billed by local media as the " divorce of the century ", the chairman of South Korea's third-largest conglomerate could wind up surrendering up to US$1.2 billion (S$1.6 billion) of his shares to his aggrieved wife. Chey Tae-won has good reason to worry that judges won't look kindly upon him: He's already started a second family with a glamorous American-Korean internet sensation, not to mention his wife is the daughter of former President Roh Tae-woo...
We are living in unprecedented times: geopolitical tensions are increasingly acute; the global political, economic and financial system that has worked for more than a century is being tested. Corporates worldwide are now expected to stay on the front foot, working closely with policymakers and regulators to confront far-reaching global challenges...
Tesla Inc. shares have been on a tear since October, when the electric-vehicle maker posted a surprise third-quarter profit and said its Model Y will launch months ahead of schedule. After surging to another record close Tuesday, the stock climbed as much as 6% on Wednesday, boosting the company’s market value to more than $88 billion — more than Ford Motor Co. and General Motors Co. combined...
An activist shareholder that once demanded the sale of Campbell Soup Co. now is complimenting the firm's management. What changed? Campbell's stock ...
If anyone questions whether corporate America lacks diversity, the fact that there only four black CEOs in the Fortune 500 — Merck’s Kenneth Frazier, TIAA’s Roger Ferguson, Tapestry’s Jide J. Zeitlin, and Marvin Ellison of Lowes — should serve as proof of that fact. The Executive Leadership Council is a non-profit organization aiming to diversify America’s workforce by helping blacks become C-suite level executives...
For all the lip service that corporate executives pay to the principle of honoring shareholder rights and interests, it’s not uncommon for them to signal that their lives would be easier if they didn’t have to deal with busybody investors...
... primary mission is to maximize shareholder value and that their efforts as CEO have reliably centered on this principle of corporate governance .
I've been following Bill Ackman (Trades, Portfolio) carefully over the past several years. Ackman was once considered to be one of the best investors in the world, but in the wake of the Valeant scandal, he lost this crown...
We were never fans of SB 826, the law that went into effect last week requiring publicly traded companies based in California to add women to their corporate boards or face heavy fines. Diversity on corporate boards and in C-suites is extremely important, but the idea of a government-set quota was troubling from the start — and legally questionable as well...
According to Activist Insight, the majority of shareholder activist campaigns in 2019 were waged against companies with market capitalizations below $2 billion, and most of those overtures involved corporate governance issues...
Las Vegas has a reputation for excess and non-stop entertainment, but Las Vegas Strip-based companies are increasingly stepping up as responsible global citizens. This may be surprising to those who think of Las Vegas as “Sin City,” but we are pioneering corporate cultures that embrace a commitment to society that extends beyond simply serving customers and growing bottom lines...
Weeks after resigning as Secretary of Energy, former Texas Gov. Rick Perry has rejoined the board of directors overseeing the Dallas pipeline ...
Going into the new decade, there is a need to review the role that the Board of Directors plays in the modern corporation as things move faster and as ...
This may have been overlooked, but the Boeing board of directors did Wells Fargo a big favor in 2019; it provided Wells' directors with real competition in the race for the worst failure of leadership among major American corporate boards. The failure came, of course, from an epic disaster: two crashes of Boeing's 737 Max airliners, costing the lives of 346 passengers and crew members...
The Houdini-esque escape by Carlos Ghosn from his court-monitored Tokyo residence may be shrouded in intrigue, but one thing has been left in plain sight: A turnaround at Nissan Motor Co. won’t happen any time soon. Whatever he has to say from his refuge in Lebanon will be largely inconsequential for the Japanese car company...
When banks harm customers and preventable wildfires rage, corporate boards are remade and top executives are fired. Since 2016, when US regulators revealed that Wells Fargo had opened millions of unauthorised accounts, nine of 14 members of the bank’s board of directors have stepped down, and the chief executive has changed twice...
The public crash and burn of WeWork’s initial public offering and poor early performances from high-priced startups that actually managed to go public in 2019 likely won't stop other “decacorns” from testing the IPO market in 2020, but it may change how they do it. Some of the biggest “decacorns” — startups valued at $10 billion or more on the private markets — made it to market in 2019 as expected , but there are still others that waited and watched an uneven performance by their peers...
This year was a big one for mergers and acquisitions, but it could have been even better. The value of deals announced globally reached $3.8 trillion through Dec. 27, making 2019 the fourth-best year on record for M&A. The combined value of deals fell just 4% short of last year’s total, according to Dealogic, as the appetite for megamergers reached a new high...
Looking back at the year, one recurring theme emerges with corporate clients and their recordkeeping. In particular, the issue is with their Minute Books — those pretty notebooks you obtained when the corporation was formed that should contain the corporation’s articles, bylaws, minutes and stock certificates, among other things...