The four core areas analyzed are (i) corporate governance legal frameworks, (ii) board structure and board diversity, (iii) corporate governance of state-owned enterprises, and (iv) anti-money laundering and compliance...
For months, retail investors posting on a Reddit forum were broadcasting their intentions to take down a prominent, but reclusive, hedge fund called Melvin Capital...
The new Administration’s commitment to Environmental, Social, and Governance (”ESG”) issues begs the question of a business’s end goals. We deserve an open and honest debate. Will we get one?...
When Goldman Sachs announced that it would help companies go public only if they had at least one diverse board member — meaning that the bank wouldn’t work with I.P.O. hopefuls whose directors were all white men — it was met with a mix of support and skepticism. In the year since, with less fanfare, the bank has also built up a business to help recruit directors for those boards, which has expanded to cover public companies as well...
Through the first three quarters of 2020, all was relatively quiet on the global shareholder activism front. Then, in the fourth quarter, activists broke loose. Fifty-seven new campaigns launched, including broadsides against Intel, Public Storage, ExxonMobil, and The Walt Disney Company...
In In re WeWork Litigation, C.A. No. 2020-0258-AGB (Del. Ch. Aug. 21, 2020), a special committee of the board of directors of The We Company (the “Company”) sought to obtain certain privileged communication among management of the Company and its counsel in discovery arising from breach of contract and breach of fiduciary duty case...
Corporate directors are called on to do a few important things: Hire a CEO and oversee management, provide strategic direction, protect and promote the interests of investors, and ensure the company’s books are honest. Now, many claim, directors should also represent the country’s demographics. That is the upshot of a requirement by one of America’s largest financial markets...
This issue of Harvard Business Review includes, as many prior issues did, an article decrying the perils of short-termism and supporting measures for insulating corporate leaders from the outside pressures that allegedly make them myopic...
While we have seen unparalleled innovation in the 21st century, we have also witnessed the damaging unintended consequences of unchecked technologies...
The ongoing COVID-19 pandemic has forced businesses to reevaluate their operations and execute contingency plans in an attempt to weather the economic crisis. But what about the next crisis? Boards and management should have crisis plans at the ready...
(Reuters) - Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. Gary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB)...
For decades, chief executive officers studiously avoided wading into controversial issues of the day...
As 2020 slowly fades into the rearview mirror and new data reveals the year was tied for the hottest on record, corporate boards appear ill-equipped to respond to risks stemming from the climate crisis. Bloomberg noted Wednesday that only 6% of 1,188 directors at 100 of the largest U.S. companies had “relevant credentials” in environmental protection, citing a study by the Stern Center for Sustainable Business at New York University...
Companies are reconfiguring their businesses to obviate any fallout from potential liabilities through greater adherence toward environmental, social, and governance principles. As they prep, the issue of diversity could be a major sticking point. Investment demand has shown that the ESG theme is quickly gaining traction...
Nasdaq’s efforts to promote diversity on boards has received support from a variety of constituencies, with a number of commenters approving of its ‘comply-or-explain’ approach...
Former eBay executive Bob Swan, who remains on eBay’s board of directors, was ousted from Intel where he had served as CEO since 2018, according to Yahoo Finance...
The gradual pace of social progress is occasionally punctuated by periods of rapid change. We are undoubtedly amid one of these shifts, as pandemic, climate risks, and economic and racial inequality test society’s resilience – and rapidly force new ways of operating...
Socially responsible investing that tracks factors like environmental, social, and governance principles is more than just a feel-good phenomenon. They can affect credit risk and investment performance...
Socially responsible investing that tracks factors like environmental, social, and governance principles is more than just a feel-good phenomenon. They can affect credit risk and investment performance...
Corporate governance has long been a focal point for large corporates, listed companies and regulated entities, with numerous studies connecting good corporate governance with higher profitability...
GRAPEVINE, Texas, Jan. 11, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into an agreement with RC Ventures LLC (“RC Ventures”) that will advance the refreshment of the Company’s Board of Directors...
Directors & Officers Risk Landscape Shaped by Insolvencies, COVID, Activism January 11, 2021 0 Comments While the COVID-19 pandemic presents risks for directors and officers (D&O), it is far from the only force these insureds and their insurers will be dealing with in the year ahead...
Direct listings have emerged as one of the new innovative pathways to the U.S. public capital markets, thought to be ideal for entrepreneurial companies with a well-recognized brand name or easily understood business model. We have also found them attractive to companies that are already listed on a foreign exchange and are seeking a dual listing in the United States...
(Bloomberg) -- Sherrod Brown, Wall Street’s likely new overseer in a Democratic-led Senate, is no fan of big banks -- though the industry is counting on the near deadlock in the chamber to forestall any sweeping legislative efforts to rein in lenders...