How Venture Capitalists Are Deforming Capitalism
If board members had concerns, they never once officially said them.” (Dunlevie told me that directors expressed disagreement with Neumann behind ...
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Articles in category: BoardBlogs
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More Investors Want Executive Pay Tied to ESG
Read Full ArticleMore than two thirds of investors want executive pay tied to ESG initiatives, a move that would pressure boards to achieve social and other key targets, according to the global Edelman Trust Barometer Special Report: Institutional Investors. Sixty-nine percent of stakeholders say they want to see a link between remuneration and ESG, a 17-point jump over 2019...
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Boards and Executives May Need to Review Their Indemnification Provisions
Read Full ArticleUnder the heading of “Executive Compensation,” this blog considers all matters relevant to executives, executives’ employment, and their employment…
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The Four Pillars Of Creating A More Inclusive Workplace
Read Full ArticleFostering an inclusive workplace creates a space where everyone has a voice and encourages the flow of new, exciting ideas that drive businesses to bolster the bottom line...
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How Activist Investors Saved Papa John's Stock
Read Full ArticleAfter a series of controversies, he stepped down as CEO of the company he’d started. This was more of a blow for Papa John’s than it might have been for any other company...
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Airbnb’s Biggest Problem
Read Full ArticleBut Airbnb has a different, potentially thornier problem. Even if you never use Airbnb, you still might hate it because renters at the house next door throw loud parties or your quiet town is overrun by tourists each weekend...
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Executive Compensation And Your Talent Strategy: Are You Missing Once-In-A-Lifetime Opportunities?
Read Full ArticleOne of the most unfortunate side effects of the Covid-19 pandemic has been job loss or pay restructuring for millions of workers in almost every industry...
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SEC Whistleblower Program Firing on all Cylinders
Read Full ArticleThe FY 2020 report of the SEC Office of the Whistleblower reveals that the SEC whistleblower program is firing on all cylinders. Enforcement actions from whistleblower tips have resulted in orders for more than $2.7 billion in monetary sanctions, including more than $1.5 billion in disgorgement of which almost $850 million has been, or is scheduled to be, returned to harmed investors...
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Sustainable Investing: ESG Investing Now Accounts for One-Third of Total U.S. Assets Under Management
Read Full ArticleMoney managers who use environmental, social and governance factors in their investment analysis say climate change continues to be their top concern and the leading criteria as they put money to work. The amount of professional money managed using all three ESG criteria rose sharply, according to a group that measures this type of investment, and now represents 33% of the $51.4 trillion in total U.S. assets under professional management...
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Mandated Board Diversity Takes Center Stage in 2021
Read Full ArticleWhile the impacts of 2020’s seismic social and political disruptions will reverberate for some time, in what may come as surprise to some, the corporate boardroom is proving to be fertile ground for incremental social change taking permanent root...
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ANALYSIS: Are Covid-Era Governance Challenges Here to Stay?
Read Full ArticleBusinesses will continue to struggle with the Covid-19 pandemic throughout 2021, in both the marketplace and the boardroom. Measures companies took in response to the crisis, such as the use of remote director meetings and virtual annual shareholder meetings, will likely remain part of the governance landscape through 2021...
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Executive Pay Is Problematic for Companies in Distress
Read Full ArticleExecutive compensation has long been a hot-button issue for investors. Throughout 2021, the Covid-19 pandemic and the economic downturn will focus attention on the pay of executives in struggling companies...
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REITs Remain Overwhelmingly White As Diversity Push Falls Short
Read Full ArticleThis piece is the first in a series of articles examining the racial diversity of the boards and executive leadership of the biggest companies in commercial real estate...
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Shareholders’ Rights & Shareholder Activism 2020
Read Full ArticleAs life dramatically changed in 2020, so did shareholder rights. In the United States, we witnessed a dramatic and substantial change to how companies conduct annual meetings, a reignited debate on the purpose of the corporation, new defensive strategies for companies, as well as a reshaping of the shareholder activist model, as some activists adopted tactics historically associated with private equity. Below we note some of the major developments that took place over the past year...
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ESG Management and Board Accountability
Read Full ArticleIn the world of corporate governance and proxy voting, 2020 has been a remarkable year, not only because annual general meetings took place in the midst of a global pandemic that forced the abrupt transition to a virtual proxy season, but also because this year marked the beginning of the new decade at a time when companies and investors experience a major shift in how they engage on the topic of corporate governance...
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Wall Street Knows Who It Doesn’t Want at SEC: Gensler or Bharara
Read Full ArticleJoe Biden’s presidential transition has barely started but already banks and investment firms are anxious about two names they fear are in the running to lead the U.S. Securities and Exchange Commission. The uneasiness started late last week, when news broke that Gary Gensler -- a scourge of Wall Street when he led the Commodity Futures Trading Commission -- had been tapped to examine financial regulators for the president-elect...
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The Evolution of Wall Street CEO & Executive Compensation Packages
Read Full ArticleFirst, government legislation designed to limit executive compensation and second, the influence of economists and academia to base executive compensation on “performance.”...
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It's Not Just Ant: Chinese Stock Exchange Turns Down Another IPO
Read Full ArticleOn Tuesday, the China Securities Regulatory Commission also pledged to improve corporate governance and enhance scrutiny of initial public ...
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Talking The Talk Versus Walking The Walk: Shareholder Suits Aim To Push Board Diversity And Punish Companies Supposedly Failing To Make Meaningful Change
Read Full ArticleA lot of attention has been paid to board diversity – or lack thereof – in recent months. California enacted AB-979, which expanded upon California’s earlier gender diversity law and requires boards to make strides in other types of diversity, including racial and ethnic minorities...
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Executive Compensation in 2021: The Most Important Thing Private Companies Should Do Now
Read Full ArticleIf the Covid-19 pandemic has caused unemployment to rise sharply, it has also created unique opportunities for companies to attract top talent that may have not been available before the crisis...
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What Pay Cut? US CEOs Weather Covid-19 With Earnings Largely Intact
Read Full ArticleNEW YORK (AFP) - Even as the pandemic roils the American economy, compensation for US chief executives has largely held up as many corporations adjust their criteria for performance pay and bonuses during the crisis. Only about one-fifth Russell 3000 index of publicly traded firms have reduced CEO pay, according to data compiled by the Conference Board with the consultancies Semler Brossy and Esgauge...
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Higher Taxes Potentially Ahead for Executive Compensation: President-Elect Biden’s Proposed Tax Plan’s Effects on Executive Pay
Read Full ArticleJoe Biden from the Democratic Party ticket has been declared the winner of the presidency in last week's election, and barring any surprises, he will become the 46th President of the United States in January 2021...
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Making Corporate Commitments Count
Read Full ArticleFellow of the Program on Corporate Governance at Harvard Law School ... Over the recent months, corporate America joined an increasingly global ...
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Biden In The Boardroom: What To Expect On Corporate Governance From The New Administration
Read Full ArticleA Biden administration can be expected to have a notable impact on corporate governance, both through specific proposals and by how its policies influence state legislation, “best practices” formulation and board conduct...
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