Blucora Shareholders Re-Elect Board, Reject Four Ancora Nominees

Blucora Inc shareholders voted to re-elect the financial services firm’s 10 current board members, rejecting dissident investor Ancora Holdings’ proposal to seat four newcomers...
Blucora Inc shareholders voted to re-elect the financial services firm’s 10 current board members, rejecting dissident investor Ancora Holdings’ proposal to seat four newcomers...
TOKYO (Reuters) - Yasuo Takeuchi remembers the horror he felt in 2017 when, as chief financial officer of Japan's Olympus Corp, he was told an activist investor had taken a stake in the company: the barbarians were at the gate. But as he listened to proposals from ValueAct Capital, Takeuchi began to see the San Francisco-based fund as a potential catalyst for change at Olympus, which was still reeling from an accounting scandal and, he believed, remained too domestic in its outlook...
In a small step toward addressing inequality across executive corporate boards, publicly-listed US companies quadrupled the appointment of Latino board executives in Q1, Bloomberg reports...
BOSTON , April 20, 2021 /PRNewswire/ -- BoardProspects.com, an innovative software platform designed to help corporations cost-effectively recruit world-class board members and maintain a diverse and talented board succession pipeline, has released the definitive results of a survey of its membership in regard to Georgia's Election Integrity Act of 2021 (SB 202) which imposes a sweeping new set of rules on voting...
Shareholder adviser ISS urges investors to withhold support for compensation committee...
Boeing Co.’s board is back on the hot seat ahead of the planemaker’s annual meeting Tuesday, as investors ponder a new rebuke for company leadership. A powerful pension fund, the California State Teachers’ Retirement System, pledged to vote against Boeing’s three longest-serving outside board members, including Chairman Larry Kellner...
Shares of GameStop Corp. GME, -1.12% shot up 6.0% in premarket trading Monday, after the videogame retailer said Chief Executive George Sherman will step down no later than July 31, after two years in the role...
HONG KONG (Reuters) - A potential bid for Toshiba Corp is set to test both corporate governance at the scandal-hit conglomerate as well as rule changes in Japan designed to improve transparency and protect minority shareholders. The process puts the spotlight on the world's third-largest economy's efforts to attract more investments from overseas just as global private equity firms are hunting for more big-ticket deals in the country...
Investment manager Neuberger Berman will disclose ahead of time how it will vote its proxies for 60 or so companies before they hold their annual meetings. The move marks the second year that Neuberger is preannouncing its votes, both for and against corporate management, and explaining its voting rationale...
The so-called blank check company, sponsored by investment firm Altimeter ... For some, that indicates that the corporate governance risks around the ...
Domino's Pizza Group faces a shareholder revolt at its annual meeting on Thursday after two City advisers panned its executive pay. Both Glass Lewis and ISS have now red-flagged the chain's plans to give chief executive Dominic Paul and finance chief Neil Smith 'significant' pay rises. Paul, who was hired last May after running Costa Coffee, is paid a base salary of £750,000 – more than 40 per cent higher than that of retired boss David Wild...
The SEC voted Friday to reopen the comment period on proposed rules for using universal proxy cards. Acting Chairwoman Allison Herren Lee said in a statement that reopening the comment period for another 30 days once it is published in the Federal Register "will facilitate clarity and efficiency for shareholders voting in director elections....
(Bloomberg) -- General Electric Co. is nearing a tussle at its annual meeting next month after two top shareholder advisory firms recommended a vote against Chief Executive Officer Larry Culp’s revised pay package, which lowered the bar for him to eventually collect as much as $232 million...
(Reuters) - The U.S. markets regulator announced on Friday it was soliciting fresh feedback on a stalled rule writing project that would have given shareholders more freedom to vote for their preferred candidates during contested corporate board elections...
LONDON, April 16 (Reuters) - Glencore shareholders should reject a proposed pay package for incoming CEO Gary Nagle at the mining and trading firm’s annual general meeting (AGM) this month, proxy advisers Glass Lewis and Institutional Shareholder Services (ISS) have recommended...
The arrival of activist investor Elliott Management on the doorstep of Glaxosmithkline's glistening headquarters in Brentford has caught Emma Walmsley and her team on the hop. The pharmaceutical group is aware of investor disquiet about a lagging share price compared with peers on both sides of the Atlantic. The crossover in valuations between its main UK counterpart Astrazeneca and GSK, previously regarded as the UK's top rated big pharma group, has underlined perceived under-performance...
(Bloomberg) -- Royal Dutch Shell Plc’s board has urged shareholders to reject a climate resolution filed by Dutch activist investor Follow This in favor of its own energy transition plan, which the company will put to a vote next month. The Anglo-Dutch major said that the Follow This resolution, which asks Shell to set and publish targets consistent with the goals of the Paris climate agreement, is “redundant” given its own “more comprehensive strategy,” according to a company notice...
BOSTON (Reuters) - Legion Partners Asset Management on Wednesday said it is pushing ahead with a proxy contest to seat four directors on OneSpan’s board after the cybersecurity firm rejected a settlement proposal from the activist investment firm...
Median pay for finance chiefs at the largest U.S. companies rose 7% during the 2020 fiscal year, largely driven by stock-based compensation...
GameStop Corp. Chief Executive Officer George Sherman forfeited about 587,000 restricted shares of the video-game retailer, or almost US$98 million at current prices, after failing to meet performance targets. The stock was part of an incentive package granted in April 2019, the month that Sherman took the CEO job. He still holds 1.77 million shares, according to a filing, or US$294.8 million as of Wednesday’s close...
Unilever is the first company to voluntarily put a climate transition action plan up for a shareholder vote. The company will provide an annual report on its progress in reducing greenhouse gas emissions and will submit an updated plan for a shareholder vote every three years...
The Senate voted Wednesday to confirm Gary Gensler as chairman of the Securities and Exchange Commission, paving the way for what could be an ambitious financial regulatory agenda under President Joe Biden. The vote was 53-45. Gensler, who began his career as a banker at Goldman Sachs GS, +2.21% , is one of the few Wall Street veterans to win the adoration of the left wing of the Democratic Party after he proved willing to take on the financial services industry as chairman of the Commodity Futures Trading Commission, where he helped craft the Dodd-Frank reform legislation and aggressively implemented ...