1. Articles in category: BoardNews

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    1. Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards

      In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of their expectations. So, the … The post Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards appeared first on Insurance Journal .

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    2. Lack of company secretaries linked to corporate woes

      Lack of company secretaries linked to corporate woes

      Share Bookmark Print Rating Outgoing Chairman of the Institute of Certified Public Secretaries of Kenya (ICPSK) Joe Mwangi Mbuthia (right) congratulates Catherine Musakali (left) after she was elected the new chairperson during the ICPSK 21st Annual General Meeting in Nairobi May 4, 2012. Musakali, says that failure to use certified public secretaries was at the heart of poor corporate governance in companies, including conflict of inte

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    3. Banks' Good Governance Efforts Improving

      Banks’ Good Governance Efforts Improving By LEE C. CHIPONGIAN October 24, 2012, 5:40pm Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor A. Espenilla Jr. said that to sustain investors’ interest in the Philippines, the financial sector among other industries, need to improve on areas of operations and transactions that are steeped in the principles of good corporate governance. “Multiple reforms are necessary across the board (and) we are demonstrating that we are up to it,” Espenill

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    4. Best Buy: Corporate Governance And Financial Risk Heightens

      (BBY) new CEO Hubert Joly faces an uphill battle in turning around the consumer electronics retailer. The company's risk of a blow-up due to accounting, governance or financial problems has worsened to dangerous levels. To be sure, the team is fighting for a comeback. For example, it is preparing to sell a new tablet this holiday season called the Insignia Flex for around $250, going head to head against technology giants such as Apple Inc. (AAPL) and Amazon.com, Inc. (AMZN). In an effort to

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    5. GMI Ratings Update | Oao Rosneft

      The U.K. oil giant BP p.l.c. (BP) said that it agreed to sell its stake in TNK-BP to OAO Rosneft (ROSN). As part of the deal, BP expects to have two seats on Rosneft’s board, in a development that could slightly strengthen the Russian government-owned oil company’s corporate governance without actually curing its continuing problems. BP will sell its half of TNK-BP in exchange for $17.1 billion in cash and a 12.84% stake in Rosneft, the U.K. company announced.  BP intends to use $4.8 billion of

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    6. Heidrick & Struggles

      International Inc. : Partners Named to Prestigious Directorship 100 10/23/2012| 07:43am US/Eastern Bonnie W. Gwin and Theodore L. Dysart Honored Alongside This Year's Most Influential Fortune 500 Boardroom Leaders CHICAGO, Oct. 23, 2012 (GLOBE NEWSWIRE) -- International, Inc. (Nasdaq:HSII), the leadership advisory firm providing executive search and leadership consulting services worldwide, today announced that Bonnie W. Gwi

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    7. Historic governance review considered by the Board of the ARU

      Australian Rugby Union has today considered the historic review commissioned earlier this year into the game’s Corporate Governance. The ARU Board will release the report once key constituents have been furnished with the document – and had an opportunity to discuss the contents, recommendations and findings. The Corporate Governance report was conducted independently, by former Assistant Treasurer and Sports Minister Mark Arbib. ARU’s Governance and Policy Committee, chaired by General (Ret.) P

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    8. Bank of Sharjah Group updates on corporate governance - Hawkamah

      Hawkamah Institute for Corporate Governance briefed the Boards of Bank of Sharjah and its subsidiary, Emirates Lebanon Bank on global and regional corporate governance developments last week.  The half-day event, designed specifically for Bank of Sharjah Group, focused on corporate governance regulatory developments; emerging trends and discussions on board effectiveness as well as risk oversight to further enhance the group’s corporate governance development. Sheikh Mohammed Bin Saud Al Qasimi,

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    9. Fancamp Alerts Shareholders to Concerned Shareholder's Circular: Mr. Robert N. Granger's Actions Are Opportunistic ...

      Fancamp Alerts Shareholders to Concerned Shareholder's Circular: Mr. Robert N. Granger's Actions Are Opportunistic ...

      VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2012) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) (" Fancamp "or the " Company ") announces today that its board of directors (the " Board ") reaffirms its recommendation that shareholders vote FOR the management board nominees, Paul Ankcorn , Debra Chapman , Gilles Dubuc , Fouad Kamaleddine , Jean Lafleur , Mel de Quadros , Michael Sayer and ...

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      Mentions: Chairman
    10. Felix Salmon Smackdown Watch, Corporate-Governance Edition

      Felix Salmon Smackdown Watch, Corporate-Governance Edition

      October 18, 2012 by: Felix Salmon | includes: GS, HPQ Justin Fox is not a fan of the video where I take the Goldman Sachs (GS) board to task. Yes, he says, the Goldman board is packed with insiders and fails just about every rule of corporate governance — but so what? There’s little or no evidence that the modern criteria for good corporate governance actually lead to better-governed corporations. What’s generally seen as the most impo

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    11. Citigroup board's dilemma: Come clean or stay silent

      Citigroup's board has some explaining to do. The abrupt CEO transition has left a foul taste in the mouths of some. Analyst Mike Mayo did not mince words: "Citigroup has had some of the worst corporate governance under Vikram Pandit and in fact I think the way this transition has taken place is a microcosm of that poor corporate  governance…And it's one day after we were all listening to the CEO talk about the long-term strategy. What is taking place here? By the way, where is the conference cal

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    12. Turk Telekom's BoD creates corporate governance committee

      Thursday 18 October 2012 | 10:58 CET | News Turk Telekom's BoD decided to establish a corporate governance committee within the body of BoD that will perform the functions of Nomination Committee, Remuneration Committee and Committee for Early Inspection of Risks. An Audit Committee was also established according to the communique regarding the definition and enforcement of the Corporate Governance principles. It has been decided that the

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    13. Felix Salmon smackdown watch, corporate-governance edition

      By Felix Salmon October 18, 2012 * Email * Print * * * * governance Justin Fox is not a fan of the video where I take the Goldman Sachs board to task. Yes, he says, the Goldman board is packed with insiders and fails just about every rule of corporate governance — but so what? There’s little or no evidence that the modern criteria for good corporate governance actually lead to better-governed corporations. What’s generally seen as the

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    14. Throwing Out Insiders Won't Fix Corporate Boards

      Throwing Out Insiders Won't Fix Corporate Boards

      Enron had quite an impressive board of directors. The 17-member group was almost certainly too big, but beyond that it met or exceeded most modern criteria for good corporate governance: company insiders were a tiny minority; the jobs of chairman and CEO were separated; the key role of audit committee chairman was held by a respected outsider who presumably understood accounting (at least, he taught it at Stanford). What could possibly go wrong? There's little or no evidence that the modern crit

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      Mentions: Chairman
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