1. Avon's Corporate Governance Strengthens

    Avon Products, Inc. (AVP)'s embattled former CEO Andrea Jung said she'll step down as board chairman on December 31. The beauty company has taken several such moves toward restoring its credibility in recent months, and now has stronger corporate governance. While serving as both chairman and CEO, Ms. Jung came under fire for problems ranging from Avon's underperforming stock price to its overseas bribery investigation, which we had discussed here. In December 2011 Avon announced Ms. Jung's loss

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