1. Articles in category: BoardNews

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    1. The Risks and Rewards of Being on a Board

      The Risks and Rewards of Being on a Board

      The single most important task before you join a board is due diligence. Being a director on board is a tradeoff. On the one hand, there is exposure to reputational and financial risk. On the other hand, there are benefits – tangible and intangible. In a world marked by disruptive forces, sharp scrutiny, and tighter board accountability, wise director candidates are asking more questions.

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    2. Towards Board Declassification at 100 S&P and Fortune 500 Companies

      Towards Board Declassification at 100 S&P and Fortune 500 Companies

      Posted by Lucian Bebchuk, Scott Hirst and June Rhee, Shareholder Rights Project, on Tuesday December 10, 2013 at 9:16 am * Print * email * Twitter Tags: Classified boards, Florida SBA, Illinois State Board of Investment, Institutional Investors, June Rhee, Lucian Bebchuk, Nathan Cummings Foundation, North Carolina State Treasurer, Ohio Public Employees Retirement System, Precatory proposals, Scott Hirst, Shareholder proposals, Shareholder Rights Project, Staggered boards Editor’s Note: Lucian Bebchuk is the Director of the Shareholder Rights Project (SRP), Scott Hirst is the SRP’s Associate Director, and June Rhee is the SRP’s Counsel. The SRP, a clinical program operating at ...

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    3. Citi Board Elects Duncan P. Hennes to Board of Directors

      Citi Board Elects Duncan P. Hennes to Board of Directors

      NEW YORK, Dec 11, 2013 (BUSINESS WIRE) -- Citi's Board of Directors today announced that it has elected Duncan P. Hennes as a new independent director. "We are pleased to have Duncan Hennes join Citi's Board of Directors," said Citi Chairman, Michael E. O'Neill. "Mr. Hennes has broad experience in financial services with notable expertise in securities markets and risk management. We look forward to the insight he will bring to the Board.

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    4. Arthur J. Higgins Joins Endo Board of Directors

      Arthur J. Higgins Joins Endo Board of Directors

      /PRNewswire/ -- Endo Health Solutions (NASDAQ: ENDP) today announced that has been appointed to its Board of Directors, effective immediately. Endo also announced that , 60, will retire as a director, effective Recognized for his strategic capabilities, Mr. Higgins has over 30 years of domestic and international pharmaceutical industry experience.

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    5. Intevac Expands Its Board of Directors with Appointment of New Independent Director

      Intevac Expands Its Board of Directors with Appointment of New Independent Director

      today announced that it has appointed Matthew Drapkin to its Board of Directors, effective immediately. Mr. Drapkin is a founding partner of Becker Drapkin Management, a Dallas-based investment firm that beneficially owns approximately 4.5% of Intevac's outstanding common stock and is one of Intevac's largest stockholders. With the addition of Mr. Drapkin, Intevac's Board of Directors will be expanded to eight directors, six of whom are independent.

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    6. BIOLASE Adds Two New Independent Directors to Its Board

      BIOLASE Adds Two New Independent Directors to Its Board

      IRVINE, CA--(Marketwired - Dec 11, 2013) - BIOLASE, Inc. (NASDAQ: BIOL), the world's leading manufacturer and distributor of dental lasers, and a pioneer in laser surgery in other medical specialties, today announced that the Board of Directors (the "Board") has appointed James R. Talevich and Samuel B. Low, D.D.S., to the Board. Mr. Talevich and Dr. Low were appointed to the Audit Committee and Mr. Talevich was appointed Chairman of the Audit Committee.

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    7. Clubby ties between U.S. CEOs and board audit committees: study

      Clubby ties between U.S. CEOs and board audit committees: study

      Almost 40 percent of U.S. corporate directors with responsibility for monitoring the profit-and-loss ledger have social ties to the chief executive, a study says, making them look more like lapdogs than watchdogs. Conducted by two accounting professors at Tilburg University in The Netherlands, the study reinforces long-held perceptions of a clubby culture on U ...

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    8. Companies, Activists Declare Truce in Boardroom Battles

      Companies, Activists Declare Truce in Boardroom Battles

      Activist investors are increasingly encountering an unusual reception when approaching corporate targets: an open door.  Instead of pulling up the drawbridge as activists approach, corporate executives and directors more often are engaging, concluding that it is easier and cheaper to negotiate rather than resist and risk a public fight, advisers and executives said.

      Even Carl Icahn, long seen as the archenemy of chief...

       

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    9. GM To Name First Ever Female Ceo — Mary Barra

      GM To Name First Ever Female Ceo — Mary Barra

      GM will name Mary Barra as its first ever female CEO, Bloomberg reports.  Barra is currently the company's global head of product development. She's been with GM since age 18, according to Forbes.  She will succeed Dan Akerson, who was appointed by the Obama administration in 2009 to help shepherd the automaker through its bankruptcy...

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    10. Carl Icahn Just Fired A New Missile At Apple To Get It To Return More Cash To Shareholders (AAPL)

      Carl Icahn Just Fired A New Missile At Apple To Get It To Return More Cash To Shareholders (AAPL)

      Carl Icahn is stepping up his battle with Apple.  On Twitter, he says, "we’ll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level."  CNBC reporter David Faber says Icahn wants a $50 billion buyback. His tweet was timed to coincide with the release of a Time magazine profile of Icahn pegged to his battle with Apple...

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