As a leader, your board of directors is one of your most important and strategic partners. Your company’s success depends on the effectiveness of your board. Your board can help you course-correct, identify opportunities to expand your reach, fundraise, especially if you’re a not-for-profit entity, manage risk, and build the company’s brand...
I believe that the best way to accumulate and manage this necessary advice is to have an advisory board , and more companies are utilizing them ...
The Securities and Exchange Commission's Investor Advisory Committee , for example, recently voted to urge the SEC to consider imposing human ...
Yet even nowadays, Kodak isn't seen as a corporate governance failure. Bad corporate governance , several believe, arises when executives split the ...
The importance of good governance . -- Emerging markets' advantages. Research Suggests ESG Adds Value. In a research report from November ...
Comments Brian Cahn/Zumapress Elizabeth Warren has made fighting Wall Street central to her political career, and she’s prepared to double down if elected president. That’s the overall message of Warren’s newest detailed plan, unveiled on Thursday, to reel in financial industry excess, from high-risk investing to executive compensation to the private equity industry...
When Kathy Higgins Victor first joined the board of directors at Best Buy in 1999, she was the only woman in the room. The former Northwest Airlines human resources chief and now president of a leadership coaching firm remembers how she “would say something, and then there’d be silence” followed by approval of a male colleague’s comments. She recalls thinking “Excuse me, was my mic off?”...
When Kathy Higgins Victor first joined the board of directors at Best Buy in 1999, she was the only woman in the room. The former Northwest Airlines ...
Engaged Capital has developed quite a reputation as an effective activist investor. After successfully advocating for the sale of companies including Jamba Juice and Outerwall, the activist set its sights on steakhouse operator Del Frisco's (NASDAQ: DFRG) . In December 2018, Engaged Capital published a letter to Del Frisco's board of directors in which it disclosed a 9.9% ownership stake and advocated for the company to sell itself. The activist got what it wanted...
2019 is well on its way to being the year of the high-profile IPO.
Still, the year that gave investors the likes of Uber, Slack and Beyond Meat is just getting started, according to Wall Street insiders.
"This has been the year when cloud-based companies and on-demand services came of age," Santosh Rao, head of research at Manhattan Venture Partners, told Fortune...
The political gridlock in Washington DC has caused activist groups to take policy battles to the boardrooms and annual meetings of the country's public corporations. This development presents a risk to shareholders that they will be forced to sacrifice returns for political goals they don't share...
More on Immelt's specific role on GE"s board in a minute. First, let's talk about the three traits of a good public company board of directors . A good ...
On June 27, 2019, the Delaware Chancery Court entered an injunction requiring the boards of trustees (the “Boards”) of two closed-end investment funds (the “Funds”) to count the votes in favor of director candidates nominated by shareholder Saba Capital at the annual meetings scheduled for July 8, 2019...
Lyft Inc. and Uber Technologies Inc. say they are business rivals, but the U.S. Securities and Exchange Commission had a lot more comments on Uber’s business before both companies went public this year, in particular focusing on the ride-hailing leader’s adjusted financial numbers. Uber UBER, +0.00% and Lyft LYFT, +3.88% filed draft registration statements, or S-1s, confidentially with the SEC on the same day: Dec. 6, 2018...
Corporate Britain is treating gender diversity like a tick-box exercise. It has to stop ..... It's a painting-by-numbers style of corporate governance . In the ...
The effectiveness attributes in the chart above are based on the company in question's governance practices compared to the corporate governance ...
Nearly three-quarters of the directors responding to the National Association of Corporate Directors' latest corporate governance survey say that ...
Currently, Lee is a consultant on corporate governance for Congress Park Consultants, a New York-based financial advisor firm that pledges to help ...
In Marchand v. Barnhill (“Blue Bell”) (June 18, 2019), the plaintiff-stockholder claimed that the directors of Blue Bell Creameries USA, Inc., an ice cream manufacturer (the “Company”), breached their fiduciary duty of loyalty under Caremark by having failed to oversee and monitor the Company’s food safety operations. The suit was brought after an outbreak of listeria contamination in the Company’s ice cream led to the sickening and (in three cases) the death of consumers who ate the ice cream—as well as the recall of all of the Company’s products, the shuttering of all of the Company ...
(Bloomberg) -- Deutsche Bank AG Chief Executive Officer Christian Sewing says he wants a real team to manage the company rather than a collection of individuals. And the roster is changing fast. Since taking over in a bitter boardroom fight just over a year ago, Sewing has moved to surround himself with executives that he’s worked closely with during his almost 30-year career while showing others the door...
Why do some firms seem to attract more media disapproval than others when it comes to CEO compensation perceived as excessive? And do CEO attempts at philanthropy of the kind seen recently after the Notre Dame fire in Paris, ward off such media onslaughts to the former – or catalyze them?...
Corporate proxy statements can be very rich sources of information, the kind of information that could benefit investors — if they know what to look for. Since 2002 — the era of Enron — the Sarbanes-Oxley laws have required much more disclosure in U.S. proxies, which are provided to shareholders so they can make informed decisions about matters that will be brought up at the annual meeting...
At age 53, the activist investor Bill Ackman is having the best year of his career . And for those who want to invest alongside him, there is now an opportunity to get in at a big discount. Ackman’s closed-end fund, Pershing Square Holdings (ticker PSH. Netherlands), closed Tuesday at $17.90 a share, a 28% discount to its net asset value of $24.92 on June 30...