“One-share, one-vote is a bedrock tenet of good corporate governance as far as most long-term shareholders are concerned.” Twenty votes per share, ...
Beginning in 2001, major corporate accounting scandals at Enron, ... corporate governance , internal control assessment and enhanced financial ...
Fiscal performance shapes executive compensation trends Ron Ruggless | Aug 19, 2019 CEO compensation at the largest public restaurant companies varied widely last year, ranging from around $300,000 to more than $33 million, according to NRN research...
Milton Friedman will be spinning in his grave at the heresy perpetrated by the US Business Roundtable. For the thick end of five decades US capitalism has been run along Friedmanite lines – namely that businesses are there to make money for their shareholders. No charitable giving, no diversity awareness. No green audits. Just making money. Period. Now some of the highest paid on the planet have appeared to ditch the idea of shareholder primacy...
For Milton Friedman, it was simple. “There is one and only one social responsibility of business,” the Nobel economist wrote in 1970: to “engage in activities designed to increase its profits.” Companies must obey the law. But beyond that, their job is to make money for shareholders...
Another day, another data breach. This time at Capital One, the fifth largest credit card issuer in the United States...
Who's right, the sleuth who exposed Bernie Madoff's gigantic Ponzi scheme, or GE's prestigious board and highly-regarded CEO, a team lauded on Wall Street for making great progress in rescuing and reforming the battered conglomerate?
In his flame-throwing report released on August 16, titled "General Electric, A Bigger Fraud Than Enron," Harry Markopolos––the forensic accountant who nailed Madoff––accuses GE of engaging in $38 billion in accounting fraud...
As reported by the WSJ, a new milestone has finally been reached for board gender diversity: there are no longer any companies in the S&P 500 with all-male boards! Reaching just that one milestone has not exactly been expeditious...
At long last, WeWork parent We Company has filed its S-1 Registration Statement with the SEC, a major step toward entering the public markets...
There’s a lot of discussion going on these days about board service and why there aren’t more women on boards. Over the next few weeks we’ll discuss that and look at some strategies that might help you if you aspire to board service. A seat at the corporate board table is an aspiration for many leaders and for good reason...
One of the big corporate governance related stories last month was the settlement agreement between the Securities and Exchange Commission ...
Food delivery firm Grubhub, industrial heavyweight 3M and consumer products giant Colgate-Palmolive are all vulnerable targets for activist investors, according to exclusive data. The trio along with software company Autodesk ADSK, +1.97% and dental equipment manufacturer Dentsply Sirona XRAY, +2.08% have been identified as possible activism targets in a report for MarketWatch by research firm Activist Insight...
Here are five steps your organization can take to truly bring the best candidates forward and set them up for success...
When deciding to do business with a company, all generations agree that social ... followed by corporate governance issues and environmental topics...
The final link in the chain of improving corporate accountability for sustainability is to tie improvements to pay. In a November 2018 article, we explained that companies should use incentives to motivate executives to tap big strategic opportunities related to environmental, social, and governance (ESG) goals...
As you know, topics related to corporate social responsibility have ... on Corporate Governance and Financial Regulation, a coalition of investors, ...
Ensuring that all stakeholders understand and take ownership of the integrated roles they play in the onboarding process will create the necessary conditions for the new executive to thrive...
When billionaire activist investor Carl Icahn makes a move, investors usually listen. The activist investor and head of Icahn Enterprises (NASDAQ: IEP) has had a sterling track record over the past 20 years, and is known for making purchases of beaten-down stocks, then shaking up management teams to unlock value. Icahn doesn't always "go activist," however. For instance, Icahn made a lot of money in Netflix when he invested after its Qwikster debacle, without making any management changes...
Madison Sargis: A few weeks ago, it was reported that all-male boards are officially a thing of the past for the S&P 500. And while it's great to see such positive headline figures, Morningstar wanted to highlight two trends that paint a less rosy picture about gender diversity within the corporate boardroom. First, small-cap companies are lagging large caps. Gender diversity for small caps is only where large caps were a decade ago...
At a public company, the board of directors is a supervisory body appointed by ...
Analyzing the corporate governance and management incentives is the first step in determining the risk-reward opportunity for a financial services ...
So-called unicorn tech startups just keep on proliferating. July saw a dozen privately owned firms cross the $1 billion-plus threshold—more than any other month this year, per Pitchbook data. By August, there were 62 new unicorns minted in 2019, more than the 51 inducted by that time in 2018, or the 33 crowned by then in 2017....
In the 2019 proxy season, “overboarding” became a center-stage issue for many companies and investors. Several large asset managers, including Vanguard, BlackRock, and LGIM, enhanced their voting guidelines to apply stricter criteria, while some directors serving on multiple public company boards faced significant opposition to their elections. The idea that directors should not serve on too many boards has been a key consideration for investors for many years...