1. Articles in category: BoardNews

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    1. GMI Ratings Governance Issue | Olympus Corp.

      Olympus Corp. (OCPNY) and three of its former executives pleaded guilty this week to charges related to a $1.7 billion accounting cover-up, the media reported. During the year since the Japanese equipment maker’s former CEO Michael C. Woodford raised questions about its deal-making, Olympus has made some improvements to its corporate governance, but continues to show serious weaknesses that interfere with its ability to balance the powers of its managers. To be sure, it’s positive that the forme

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    2. Men and Women Corporate Directors Remarkably Aligned on Strategy - But Not

      /PRNewswire/ -- In one of the most comprehensive global surveys of corporate board directors to date, men and women directors were found to be in striking alignment on economic outlook, political and regulatory concerns, and the business challenges facing their companies – but differ sharply when it comes to board diversity. Released today, the 2012 Board of Directors Survey – conducted by WomenCorporateDirectors (WCD), Heidrick & Struggles, Professor Boris Groysberg of the Harvard Business Scho

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    3. Boardroom accountability and transparency improvements welcomed

      Boardroom accountability and transparency improvements welcomed

      The Financial Reporting Council has published revised international standards on auditing for companies. Changes to the Corporate Governance Code and the Stewardship Code will build in further reporting requirements for firms. Under the new rules, auditors will mean auditors need to communicate further with those in governance. Nick Land, FRC Board member and chairman of the Audit and Assurance Council, said, “The revised standards have been designed to continue the FRC’s work on enhancing effec

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    4. SET rises to 3rd in Asia in corporate governance.

      Home » business » SET Warin Trino The Nation September 28, 2012 1:00 am The Stock Exchange of Thailand's ranking on corporate governance has moved up one place to third in Asia, which is better than Japan, but law enforcement remains weak according to Corporate Governance Watch 2012, Vorapol Socatiyanurak, secretary-general of the Securities and Exchange Commission (SEC), said yesterday. Singapore

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    5. BP's Corporate Governance Beats Rosneft's

      The media is buzzing about the possible sale of a stake in the Russian government-owned oil company OAO Rosneft to BP p.l.c. (BP). The U.K. oil giant might appoint a Russian director to its board, some reported in recent days. If the two companies do integrate, BP goes into the deal with better supervision of its senior management than Rosneft. BP has already had some headaches from its joint venture TNK-BP. Last spring, for example, Russia's natural resources and ecology minister Yuri Trutnev s

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    6. GMI Ratings Governance Issue | Foxconn Technology Group

      After around 2,000 workers brawled at a Foxconn Technology Group dormitory, the Taiwanese electronics maker said it would close a plant in China on Monday, according to Reuters. Although the Apple product supplier continues coming under fire, the international disclosure about its corporate governance remains relatively murky, signaling that its global clients don’t require much information in order to strike a deal. The Foxconn facility involved is in the Chinese city of Taiyuan and employs abo

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    7. Study finds peer group evaluations linked to executive pay to be flawed

      September 25, 2012 An over-reliance on peer group compensation benchmarking is central to the persistent issue of rising executive pay in the United States, new research in a study co-authored by a University of Delaware professor and a corporate governance fellow, finds. While other research examines flawed peer group methodology, this new study makes it clear that peer grouping with minimal board discretion is a seriousl

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    8. Dana Gas Co Pjs : Dana Gas Emphasises Leadership In Corporate

      Dana Gas Co Pjs : Dana Gas Emphasises Leadership In Corporate

      Majid Jafar, a Board Member of Dana Gas PJSC, addressing the "Board of Directors 2012" conference yesterday, emphasised the importance of best practice corporate governance at the company, as he described the journey taken by the Board of Directors since the formation of Dana Gas in 2005, which has led to the company being recognised as a leader in this area by the International Finance Corporation (IFC) of the World Bank Group. Mr. Jafar, who is also CEO of Crescent Petroleum and Vice-Chairman

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    9. UD corporate governance professor, fellow issue study on executive pay

      UD corporate governance professor, fellow issue study on executive pay

      12:35 p.m., Sept. 24, 2012--An over-reliance on peer group compensation benchmarking is central to the persistent issue of rising executive pay in the United States, new research in a study co-authored by a University of Delaware professor and a corporate governance fellow, finds. While other research examines flawed peer group methodology, this new study makes it clear that peer grouping with minimal board discretion is a seriously flawed methodology even when the peer groups are fairly constru

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    10. Mason Capital Files Dissident Proxy Circular for TELUS General Meeting

      NEW YORK--(BUSINESS WIRE)--Mason Capital Management LLC ("Mason") today announced that it has filed and is sending its dissident proxy circular to voting shareholders of TELUS Corporation (TSX:T; TSX:T.A; NYSE: TU) ("TELUS") for the general meeting of TELUS scheduled for October 17, 2012. Michael Martino, Principal and Co-Founder of Mason Capital, said, “TELUS’ actions stand to set a very ...

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