In a continuing series,MBA's were asked for their opinions on topics related to "Ethics". This entry, by Katherine Brown, gives her views on what steps companies can take to reduce unethical behavior...
The answer to that question is "A great deal, when that woman has already scaled high walls to get where she is." The woman in question here is Fiona Woolf, new Lord Mayor of the City of London. She has wasted no time since taking office. At the start, she made it clear that her tenure would be about restoring the values and the reputation of London's financial sector. Unsurprising then, that seeking to widen diversity is also an imperative...
A bribery scandal involving an aluminum company, Middle Eastern government officials and hundreds of millions of dollars is coming to a close: aluminum producer has reached a settlement with the U.S. Securities and Exchange Commission and the Department of Justice over charges of bribing Bahraini officials, the organizations announced Thursday morning...
Chief Executive Alan Mulally finally got the message that the incessant speculation about him departing to become CEO of was hurting the automaker...
Does it matter to investors where you list your IPO? According to a recent survey, the answer is yes...
The company known for its lightweight shoes just got a heavy-duty investment from a leading investment firm: announced late Sunday night that it has entered into a partnership with Blackstone, who will purchase $200 million of Crocs convertible preferred stock. As a result of this investment, Crocs stock is surging in early market activity Monday morning...
A belief that codes of conduct remain the best way to guide business forward is at the basis of the United Kingdom's 'comply or explain' approach to corporate governance. Its Corporate Governance Code is regularly reviewed and consultation forms the basis of any changes. While the latest annual review by the UK watchdog, the Financial Reporting Council (FRC) of the Corporate Governance and ...
Disney will be welcoming a new tech savvy Mouseketeer to its ranks. The Company today announced that Twitter founder and chairman Jack Dorsey has been elected to its board of directors.
Silicon Valley is in high demand these days, even in the happiest place on earth. Today, Disney announced that Twitter and Square billionaire Jack Dorsey was elected to Mickey Mouse's board of directors...
Restaurant operator Darden Restaurants may think releasing Red Lobster into the wild will help its bottom line, but according to an activist stance by Jeffrey Smith's investment firm Starboard Value, shedding Red Lobster isn't enough to turn Darden's operations around...
Twitter has garnered worldwide attention for its bad corporate governance practices and its inappropriate response to criticism. The company needs to be congratulated, however, for announcing that it is adding Marjorie Scardino to its board. Scardino is former chief executive of publishing giant and is highly accomplished. She is known for being outspoken.
Last month I was sitting in a board meeting for one of my portfolio companies, a fast-growing software-as-a-service business serving digital marketers, and two interesting things happened. First, the company reported it had zero customer churn (or 100% retention) in the quarter for the first time in its history...
In the aftermath of the financial crisis institutional shareholders are amping up engagements with company directors and executives on the pledging of company stock. On the agenda is pledging policy and whether the practice of pledging should be prohibited outright—similar to how hedging is now largely treated by the vast majority of companies...
As the UK makes progress towards its targets for women in the boardrooms of its publicly listed companies, what exactly has been achieved? It feels like inching forward - progress, to be sure (as the Irish are fond of saying) but have any fundamentals changed? Not yet. It's still a 'work in progress'...
It seldom happens that a smaller sized specialty retailer will make an effort to take over a larger organization. It is David and Goliath in modern suits. But that is what is happening in the menswear arena. Smaller Jos. A. Bank, a respected men’s store with 603 units that achieved sales of $1.05 Billion in fiscal 2012, has made a pitch to take over Men’s Wearhouse with 1,143 units and sales ...
Richard Daly, chief executive ofBroadridge, may be the most important person in corporate governance today. His firm is responsible for sending out proxies and tallying shareholder votes for tens of millions of stock owners around the world. Indeed, Broadridge processes 85% of all outstanding shares voted in the United States and 72% of shares voted outside of the U.S. --distributing some 2 billion ...
The era of JC Penney being a plaything for bigfoot hedge fund investors appears to be coming to a close. The struggling retailer has humbled some of the biggest names on Wall Street—handing them losses and leaving them with egg on their faces after they bet that the company could stage something of a rebound...
What some might find more startling was the context – integrated reporting (<IR>) for publicly listed companies, in the pursuit of better corporate governance . “The way you report influences how you behave (as a business) and starts having an impact on your ...
Would Dan Loeb make Michael Woodford CEO of any of Third Point’s investee companies in Japan? Not likely...
Perhaps tangible change towards more diverse and representative global boardrooms will in the end come as a result of the demands of powerful investors. In Canada, the Ontario Teachers' Pension Plan, a pension fund managing $130bn in assets also happens to have four women on its board of nine directors, including chairwoman Eileen Mercier...
Jamie Dimon's move to give up the bank chairman role at JPMorgan Chase may be the beginning of something more ominous...
