1. Articles in category: BoardNews

    1-24 of 10596 1 2 3 4 ... 440 441 442 »
    1. Aryzta Board Divided as Elliott Takeover Talks Drag

      Aryzta Board Divided as Elliott Takeover Talks Drag

      Baking company has been approached by almost 20 parties interested in business about an hour ago Aryzta owns the Cuisine de France brand in Ireland and supplies internationally to the likes of McDonald’s, Subway and Lidl. The board of Aryzta is at odds over whether to continue to entertain a potential takeover bid from a unit of US activist hedge fund group Elliott Management , or start assessing approaches from almost 20 parties eyeing parts of the baked goods group, according to sources...

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    2. Starboard Says it Now Owns 9% of ACI Worldwide, Stock Gains

      Starboard Says it Now Owns 9% of ACI Worldwide, Stock Gains

      BOSTON (Reuters) - Activist investor Starboard Value boosted its stake in ACI Worldwide Inc to 9%, according to a regulatory filing made on Monday that helped push the payment systems company's stock up more than 3% in afterhours trading. The New York-based hedge fund now owns 10.5 million shares in the Naples, Florida-headquartered company which is worth $3.7 billion, the filing said...

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    3. Estate of Tim Hortons Founder Ron Joyce Backs Sandpiper in Proxy Fight

      Estate of Tim Hortons Founder Ron Joyce Backs Sandpiper in Proxy Fight

      Artis Real Estate Investment Trust has rejected Sandpiper’s advance, saying it plans to stay the course with its own strategies for boosting the value of its units The activist investor seeking to oust most of the board at Artis Real Estate Investment Trust says it has secured the support of the commercial landlord’s biggest shareholder. Sandpiper Group provided a letter on Monday from the estate of Tim Hortons founder Ron Joyce, saying it will back the bid for change at Winnipeg-based Artis...

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    4. Federal Inquiries, Allegations of Sexual Assault, a Resignation, and Billions on the Line: Here's Everything you need to Know About Nikola and its Founder's Controversial Last 5 Weeks

      Federal Inquiries, Allegations of Sexual Assault, a Resignation, and Billions on the Line: Here's Everything you need to Know About Nikola and its Founder's Controversial Last 5 Weeks

      In early September, automotive giant General Motors announced a $2 billion deal with electric-vehicle startup Nikola, with plans to produce the Nikola Badger, an electric pickup truck. But just two days after the deal was announced, a short seller released an explosive report claiming that Nikola faked its technological achievements, which spurred federal inquiries, a resignation, and speculation about the future of the deal...

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    5. String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them

      String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them

      This year, $2 billion is missing at a German fintech company, $300 million of sales has been found to be fabricated at a Chinese coffee chain and $5 billion in undisclosed debt has been uncovered at two related companies listed in the U.K. Together, the incidents cost shareholders of the companies roughly $30 billion...

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    6. L'Oréal: News Release: "L’Oréal Announces the Succession of Jean-Paul Agon as Chief Executive Officer from 1st May 2021"

      L'Oréal: News Release: "L’Oréal Announces the Succession of Jean-Paul Agon as Chief Executive Officer from 1st May 2021"

      L’Oréal’s Board of Directors met today, on 14th October 2020 under the chairmanship of Jean-Paul Agon. Following the recommendations of the Appointments and Governance Committee, the Board decided on new governance and a succession plan at the head of the Group...

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    7. California's Board Diversity Law Led to 670 Board Seats Filled by Women, Report Finds

      California's Board Diversity Law Led to 670 Board Seats Filled by Women, Report Finds

      California has had a rough few months. There was the summer surge in COVID cases, wildfires that set grim new records—officials have now announced that 4 million acres have been burned throughout the state—and the subsequent toxic, smoke-filled air that enveloped the West Coast, sometimes for weeks on end. In other words: The Golden State could use a ray of sunshine. There is promising news, though, too—for those who aim to diversify corporate boards...

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    8. Highlights from SEC Speaks 2020

      Highlights from SEC Speaks 2020

      The U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) held its annual SEC Speaks conference via Webex on October 8 and 9, 2020. The conference featured remarks from the Chairman and several commissioners, discussions regarding current enforcement initiatives and enforcement priorities for the upcoming year, and an update on litigation, judicial and legislative developments...

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    9. British Airways' CEO Alex Cruz Steps Down Amid the Industry's Worst-Ever Crisis, and is Replaced by Aer Lingus Boss Sean Doyle

      British Airways' CEO Alex Cruz Steps Down Amid the Industry's Worst-Ever Crisis, and is Replaced by Aer Lingus Boss Sean Doyle
      • British Airways boss Alex Cruz is stepping down, and will be replaced by Aer Lingus CEO Sean Doyle.
      • The owner of British Airways, International Airlines Group, said the airline industry was facing its worst crisis in history.
      • Cruz told a government committee in September that the airline was burning through £20 million ($25.9 million) a day and "fighting for its survival...
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    10. U.K. Investment Firms to Name and Shame Diversity Laggards

      U.K. Investment Firms to Name and Shame Diversity Laggards

      (Bloomberg) -- A U.K. investment-industry group whose members manage 8.5 trillion pounds ($11 trillion) of assets warned it will call out companies that don’t reveal the ethnic diversity of their boards. Nearly three-quarters of the U.K.’s largest companies failed to report the ethnic make-up of their boards at annual shareholder meetings this year, according to The Investment Association...

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