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    1. Capital Market Operators Seek Govt's Intervention in SEC, Oando Dispute

      Capital market operators have called for the urgent intervention of the federal government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc . The operators reacted to the outcome of a forensic audit on Oando , which was released by SEC on May 31 , as well as a court injunction restraining SEC from sacking Oando's Group Chief Executive Officer (GCEO), Mr. Adewale Tinubu , and his deputy.

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      Mentions: SEC crisis risk
    2. Frontier Communications : Announces Election of Three New Directors

      Frontier Communications : Announces Election of Three New Directors

      Frontier Communications Corporation (NASDAQ:FTR) announced today that Kevin L. Beebe, Paul M. Keglevic and Mohsin Y. Meghji have been elected to join Frontier’s Board of Directors, effective immediately. Messrs. Beebe, Keglevic and Meghji will serve on the Board’s Finance Committee, which will continue to be chaired by Robert A. Schriesheim.

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    3. Algonquin Power & Utilities Corp. : Announces Election of Board of Directors

      Algonquin Power & Utilities Corp. : Announces Election of Board of Directors

      Algonquin Power & Utilities Corp. ("APUC" or the "Company") (TSX/NYSE: AQN) today announced that at the Company's annual and special meeting of shareholders held on June 6, 2019 , all of the nominees listed in its management information circular dated April 26, 2019 were elected as directors of APUC until the next annual meeting of shareholders. The detailed voting results for the election of directors are set out below.

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    4. Tenet Healthcare: Board Appoints Chris Lynch as New Independent Director

      Tenet Healthcare: Board Appoints Chris Lynch as New Independent Director

      Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Christopher S. Lynch to its Board of Directors. Lynch is the former National Partner in Charge of the Financial Services division at KPMG, LLC and has served as an independent director for over a decade at both American International Group, Inc., where he currently serves, and Federal Home Loan Mortgage Corporation, or Freddie Mac, from which he recently retired...

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    5. AIG to Reach out to Shareholders Over Executive Pay: CEO

      AIG to Reach out to Shareholders Over Executive Pay: CEO

      NEW YORK (Reuters) - American International Group Inc Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval. Asked to comment on the recent nonbinding vote by shareholders to approve his compensation package, Duperrault said, "I have to earn my living." He added, "As the performance improves, then we’ll see how the vote is next year."...

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      Mentions: AIG crisis ISS
    6. FirstGroup: Rebuffs Shareholder Push to Change CEO

      FirstGroup: Rebuffs Shareholder Push to Change CEO

      (Reuters) - Britain's FirstGroup plc on Tuesday rejected top shareholder Coast Capital's proposals to appoint a new chief executive, overhaul its board and exit the rail business, saying they were not in the company's "best interests". Bowing to investor pressure, FirstGroup last week put its iconic North American bus line Greyhound for sale and said it would spin off its UK First Bus business...

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    7. Chevron: Exxon Shareholders Reject Resolutions on Climate and Splitting CEO, Chairman Roles

      Chevron: Exxon Shareholders Reject Resolutions on Climate and Splitting CEO, Chairman Roles

      DALLAS (Reuters) - Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board chairman roles that some had promoted to protest a decision to strike an unrelated climate change resolution from the ballot. Two institutional shareholders had urged a vote in favour of the role split after Exxon got the U.S. Securities and Exchange Commission to strike a climate change measure from its ballot...

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      Mentions: crisis risk Chevron
    8. Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      (Reuters) - Activist shareholder ValueAct on Thursday urged Merlin Entertainments to go private and said the owner of Madame Tussauds, the London Eye and Alton Towers could be valued at about 4 pounds a share, 20% more than its current price. That would value the Legoland owner at more than 4 billion pounds. It had a market capitalisation of 3.42 billion pounds as of Wednesday's close, according to Refinitiv Eikon data...

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    9. Exxon Mobil: CCE, Nyscrf To Vote Against Entire Exxon Board Over Climate Change

      Exxon Mobil: CCE, Nyscrf To Vote Against Entire Exxon Board Over Climate Change

      Church Commissioners for England and the New York State Common Retirement Fund (NYSCRF) will vote against all board directors at oil giant ExxonMobil’s annual general meeting on 29 May, ipe.com has reported. Edward Mason , head of responsible investment at the Church of England’s £8.3bn (€9.6bn) endowment fund, said: “Exxon continues to lag its industry peers on climate change and to fail to engage properly with shareholders...

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    10. Chevron Won't Counterbid for Anadarko

      Chevron Won't Counterbid for Anadarko

      Chevron Corp. is bowing out of the bidding to buy Anadarko Petroleum Corp., setting the stage for Occidental Petroleum Corp. to win one of the most high-stakes energy-deal dramas in years. In seeking Anadarko, Chevron and Occidental coveted prized assets in the Permian Basin in West Texas and New Mexico, the heart of the U.S. oil boom...

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    11. BlackRock to Vote in Favor of Persimmon Pay Report

      BlackRock to Vote in Favor of Persimmon Pay Report

      (Reuters) - Persimmon looks set to avoid another backlash over executive pay after its largest shareholder BlackRock voted in support of the housebuilder's remuneration report, Sky News reported on Wednesday. The report said BlackRock has backed Persimmon's board ahead of an annual general meeting on Wednesday at which shareholders will vote on the remuneration report, which disclosed that new Chief Executive Dave Jenkinson was paid‎ almost 25 million pounds ($32.67 million) last year...

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    12. Ralph Nader: Open Letter To Boeing's Board Of Directors – OpEd

      Ralph Nader: Open Letter To Boeing's Board Of Directors – OpEd

      Dear Mr. Muilenburg: On April 4, 2019 you somewhat belatedly released a statement that “We at Boeing are sorry for the lives lost in the recent 737 MAX accidents.” You added that a preliminary investigation made it “apparent that in both flights” the MCAS “activated in response to erroneous angle of attack information.” Your acknowledgement of the problems with the 737 MAX somehow escaped inclusion in your messages to shareholders, the capital markets, and the Securities and Exchange Commission . It is now stunningly clear that your overly optimistic outlook on January 20, 2019 – after the Indonesian Lion Air crash – was ...

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    13. Energy Industry Confronts Sexual Misconduct and Harassment Allegations

      Energy Industry Confronts Sexual Misconduct and Harassment Allegations

      When Whiting Petroleum Corp. hired its chief executive in 2017, the company was unaware that allegations of sexual misconduct and harassment had been brought against him at his previous employer, according to a person familiar with his hire. Since then, Whiting has investigated the complaints against Brad Holly and told The Wall Street Journal that it is standing by its CEO, in the company's first public comments on the topic...

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    14. L Brands: In Corporate Governance Agreement With Barington Capital

      L Brands: In Corporate Governance Agreement With Barington Capital

      L Brands has reached an agreement about its board with activist investor Barington Capital, and has agreed to make governance enhancements. The parent company of Victoria's Secret and Bath & Body Works will nominate Anne Sheehan, former head of corporate governance for the California State Teachers' Retirement System, to its board, along with former JPMorgan Chase & Co. (JPM) executive Sarah E. Nash...

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    15. Pernod CEO: in Regular and 'Courteous' Talks With Elliott

      Pernod CEO: in Regular and 'Courteous' Talks With Elliott

      PARIS (Reuters) - Drinks group Pernod Ricard is having regular and "courteous" talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. "There is a regular dialogue between the teams, but we do not see them more than other shareholders. My ambition remains to deliver on our strategic plan, that's my motto," CEO Alexandre Ricard said in a telephone interview...

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    16. Hudbay Minerals: Activist Investor Sues Hudbay Minerals Over Regulatory Filings Ahead of Meeting

      Hudbay Minerals: Activist Investor Sues Hudbay Minerals Over Regulatory Filings Ahead of Meeting

      TORONTO — An activist investor has launched a legal suit against Hudbay Minerals Inc. over the way it's been represented in company filings. Waterton Global Resources, which owns about 12 per cent of Hudbay stock, has accused Hudbay of making "inflammatory and inaccurate aspersions" against it in an information circular ahead of the company's May 7 special and annual meeting...

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    17. Reliant Bancorp, Inc.: Announces Nomination of Connie McGee and Linda Rebrovick to Board of Directors

      Reliant Bancorp, Inc.: Announces Nomination of Connie McGee and Linda Rebrovick to Board of Directors

      McGee and Rebrovick would bring expertise in the areas of strategy, technology, data analytics and marketing Reliant Bancorp, Inc. (the “Company”) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that its Board of Directors has nominated Connie McGee and Linda Rebrovick as new directors for election at the Company’s annual meeting of shareholders. This press release features multimedia...

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    18. AIG Paid CEO Duperreault $20.9 Million in 2018

      AIG Paid CEO Duperreault $20.9 Million in 2018

      (Reuters) - Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism. The pay, for Duperreault's first full year at the helm of the insurer, was less than half the $43.1 million he received in 2017, which included a $12 million cash bonus and other one-time awards...

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    19. Bed Bath & Beyond Inc.: Issues Statement Regarding Activist Investor Group

      Bed Bath & Beyond Inc.: Issues Statement Regarding Activist Investor Group

      UNION, N.J. , March 26, 2019 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ: BBBY) today issued the following statement in response to a press release issued by Legion Partners Asset Management ("Legion"), Macellum Advisors GP ("Macellum") and Ancora Advisors (" Ancora ") (collectively the "Activist Group") regarding the Activist Group's submission of 16 nominees to take over the Board of Directors...

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    20. Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

      Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

      SEOUL--U.S. hedge-fund manager Elliott Management Corp. lost its battle to boost dividends and gain board seats at South Korean auto giant Hyundai Motor Group, highlighting the challenge activist firms face in proxy fights with Asia's family-run businesses. The setback follows a victory last year against Hyundai, when the conglomerate called off a corporate restructuring that Elliott said lacked business rationale and hurt shareholders...

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    21. EssilorLuxottica: Shares Slump on New Tensions Within Board

      EssilorLuxottica: Shares Slump on New Tensions Within Board

      PARIS (Reuters) - EssilorLuxottica's shares slumped on Thursday on new tensions in its boardroom as the top shareholder and executive chairman accused the Franco-Italian group's executive vice chairman of a power grab. Shares in spectacles and eyewear company EssilorLuxottica were down 4.9 percent in early session trading, among the worst performers on both the Paris and broader European markets...

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