1. Articles in category: BoardNews

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    1. NACD Releases 2013 List of Most Influential Leaders in Corporate Governance

      NACD Releases 2013 List of Most Influential Leaders in Corporate Governance

      Each year, NACD Directorship identifies the most influential people in the boardroom community, including directors, corporate governance experts, journalists, regulators, and advisors. Promoting continued economic growth remains a priority for policy makers and directors alike. Therefore, our NACD Directorship 100 recognizes those who participate in actual board work and those who influence how that work is done...

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    2. Cummins CFO Joins DuPont Board

      Cummins CFO Joins DuPont Board

      Patrick J. Ward

      Cummins CFO Patrick J. Ward is joining the DuPont board of directors, effective Oct. 23. Ward has served in a number of leadership positions since joining Cummins in 1987, including vice president and engine business controller. “Pat is an accomplished global business leader who possesses tremendous financial expertise and experience,” said DuPont Chair and CEO Ellen Kullman. “We look forward to the wealth of knowledge and insight that Pat will bring to the DuPont board.”

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    3. Activist Shareholder Takes Aim at Billabong's Board

      Activist Shareholder Takes Aim at Billabong's Board

      A storm is brewing over Australian surfwear retailer Billabong International Ltd.'sBBG.AU +1.03% boardroom.  U.S.-based Coastal Capital International is pressing for a meeting of Billabong shareholders to decide of the ouster on most of the debt-laden company’s directors. Only founder Gordon Merchant and his former personal assistant, Colette Paul, would be exempt from the vote if the meeting takes place...

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    4. New Report by Equilar Examines CEO Realizable Pay, an Emerging Concept in Executive Compensation

      New Report by Equilar Examines CEO Realizable Pay, an Emerging Concept in Executive Compensation

      Equilar, the leader in executive compensation bench-marking and governance research, today released a study analyzing CEO Realizable Pay in the S&P 500. The Realizable Pay calculation continues to grow in popularity by offering companies a new method to calculate CEO pay based on company performance...

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    5. Third Point Hedge Fund Increases Sotheby's Stake

      Third Point Hedge Fund Increases Sotheby's Stake

      The activist investor Daniel S. Loeb disclosed on Monday that he had acquired a large stake in the auction house Sotheby’s, sending its shares up 3 percent.  Mr. Loeb’s hedge fund, Third Point, is now one of Sotheby’s biggest shareholders, with a 5.7 percent stake, according to a filing with the Securities and Exchange Commission. Third Point joins two other funds, Trian Partners and Marcato Capital, among the company’s top shareholders...

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    6. Source: Market Basket Votes $250M Distribution to Shareholders

      Source:  Market Basket Votes $250M Distribution to Shareholders

      When Market Basket's board of directors met on Thursday, workers gathered to show support for what they thought might be a move to oust CEO Arthur T. Demoulas. That didn't exactly happen, but according to a source familiar with the outcome, the directors voted to authorize a $250 million distribution from the parent company's coffers...

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