The board of directors has faced criticism for failing to keep Musk in check, one problem being his failure to answer questions from analysts regarding ...
Public Domain Companies whose CEOs earn hundreds of times their average employee's pay are viewed as less desirable to work for, and to do business with, according to a new University of California, Berkeley, study. Probing a new angle of income inequality, UC Berkeley researchers sought to determine how people would feel about a company once they knew what the top executive made compared to the workers...
For the longest time, a “board” filled my mind with images of older white men wearing suits and sitting around a table making decisions. Unfortunately, the data back up my mental images. This 2016 study by the Alliance for Board Diversity and Deloitte shows that 3.8 percent of Fortune 500 board seats are held by minority women, compared to 69.2 percent by white men. This should be an urgent call for greater diversity in the boardroom...
Corporate directors and executives alike recognize that today’s pace of change continues to accelerate and that firms need to innovate to stay ahead. But are boards doing enough to support innovation, as they should? We conducted a survey of over 5,000 board members from around the world to find out...
Irwin's ten-member board of directors included a super-majority of independent, i.e., outside, directors, who met regularly in executive session to ...
A professional athlete in trouble with the law is not always front-page news anymore, but the case of Mychal Kendricks stands out from the usual. The biggest difference is that his crime is one more often associated with the SEC (Securities and Exchange Commission) than the SEC (Southeastern Conference). Specifically, he pled guilty earlier this month to felony insider trading violations...
When asked why companies don't talk more about the long term, CEOs ... risks and opportunities, corporate governance , corporate purpose, human ...
At a meeting last week of the SEC's Investor Advisory Committee , the primary focus of the discussion was the panoply of problems associated with the ...
Long-time Musk allies dominate the electric-car maker's board and there's no sign they're going to intervene despite mounting problems and distractions for the company created by the CEO's behavior...
With no mechanism to hold CEO Evan Spiegel accountable for his missteps, Snap’s investors can only watch the company’s ongoing struggles with frustration...
Wall Street’s response to Apple’s annual product release on Wednesday was, as one analyst described it, a yawn. The company unveiled a handful of new devices and modest updates , including three new versions of the iPhone X and an Apple Watch with new features. All of that was expected. There was little fanfare. Apple shares dipped slightly Wednesday, down 1.2%...
(The Bloomberg View) -- Bloomberg Opinion marks the 10th anniversary of Lehman’s bankruptcy with a collection of columns from around the world. Read more. Ten years ago, amid a worsening subprime mortgage crisis, the U.S. government did what few have dared: It allowed a major global investment bank, Lehman Brothers Holdings Inc., to file for bankruptcy...
In the aftermath of a sexual harassment scandal, is it really that important to ensure that half of your company’s new board members are female? On Monday, CBS announced the appointment of six new board members, three of whom are women. The announcement comes in the wake of the abrupt departure of Leslie Moonves, who resigned as chief executive amid sexual harassment accusations by a number of women. Moonves is yet another casualty in the long list of men taken down by the #MeToo movement...
On August 15, 2018, U.S. Senator Elizabeth Warren of Massachusetts introduced proposed legislation, the Accountable Capitalism Act, in the U.S. Senate. The legislation would require all U.S. corporations with $1 billion or more in annual revenues to obtain a federal charter as a “United States corporation” and would obligate corporate directors to consider the interests of all corporate stakeholders in their corporate governance activities...
CHICAGO- Recent tax law changes affecting public companies are leading corporate board directors to reevaluate launching new business initiatives as they develop a more comprehensive evaluation of their firms’ total tax liability, according to the 2018 BDO Board Survey...
Hal Scott, director of the program on International Financial Systems at Harvard Law School, and Sebastian Mallaby, the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations, discuss what triggered the financial crisis in 2008 and if we are safe from another...
“Founders Evan Spiegel and Bobby Murphy control all of the voting power, making corporate governance a mess,” he wrote. “The recently departed ...
The partnership program that Ma has been priding himself on has long been a controversial practice in corporate governance . Some researchers ...
Alibaba is showing the West the blueprint for corporate governance and succession planning...
Almost everyone got on board the reform train after the 2008 financial crisis. However, big business, and in particular the biggest banks, slammed the brakes on reforms that threatened to separate senior executives from their money that critics said incentivized excessive risk taking before the crisis...
The share of women on corporate boards rose since the quotas were implemented in five European countries. Credit: Horizon Mandated quotas are raising the number of women appointed to top company posts in Europe and sparking a cultural push for gender equality, but entrenched networks are getting in the way of achieving true boardroom diversity, according to researchers...
However, Germany relies on a specific corporate governance model which is not ... Corporate governance is just one part of a “package” of economic ...