1. 1-23 of 23
    1. Why Aviva's CEO Mark Wilson Has Fallen Victim to a Boardroom Coup

      Why Aviva's CEO Mark Wilson Has Fallen Victim to a Boardroom Coup

      The coup that has resulted in the exit of Mark Wilson as chief executive of Aviva was executed with some skill.To the outside world, Monday marked a mundane start to the insurer’s working week. It was anything but. Just a day later and its CEO of six years is putting his feet up – sorry, “assisting with the transition”, which he will be doing until next April when his contractual gardening leave comes to an end...

      Read Full Article
    2. Volkswagen CEO Pay Soars 40% to €10m as Profits Rise Despite Emissions Cheating Fallout

      Volkswagen CEO Pay Soars 40% to €10m as Profits Rise Despite Emissions Cheating Fallout

      Volkswagen chief executive Matthias Mueller’s pay jumped 40 per cent last year to more than €10m (£8.9m) as the carmaker’s profits soared despite continued fallout from the emissions cheating scandal. The German company revealed on Tuesday that it paid its nine-strong board €50.3m in 2017 - 27 per cent more than the year before. Mr Mueller took over from Martin Winkelhorn as VW chief executive a week after the dieselgate scandal broke...

      Read Full Article
      Mentions: Audi stock options 3M
    3. RBS Investors Push for New Shareholder Committee to Scrutinise Governance Issues

      RBS Investors Push for New Shareholder Committee to Scrutinise Governance Issues

      More than 100 Royal Bank of Scotland (RBS) investors have thrown their support behind plans for a shareholder committee, meant to address corporate governance issues at the UK lender. ShareSoc, the UK’s individual shareholder society, is set to deliver documents relating to the proposed resolution to RBS’s London offices on Friday afternoon in the hope that it will be put to a shareholder vote at the bank’s annual general meeting in May 2018...

      Read Full Article
    4. UK Push for Gender Diversity on Corporate Boards Stalls, New Study Shows

      UK Push for Gender Diversity on Corporate Boards Stalls, New Study Shows

      Campaigns, reviews and dozens of other initiatives to champion women on boards are failing to achieve notable progress among Britain’s biggest publicly listed companies , according to a new report. The damning study, released by The Pipeline - a website that trains women for senior roles - shows that the percentage of women on FTSE 350 executive committees was stuck at 16 per cent as of the middle of April, and the number of companies that have no women on their executive committees has actually increased by eight on last year’s level. The percentage of FTSE 350 women executives in profit ...

      Read Full Article
    5. Nearly 94% of Shell Shareholders Reject Emissions Reduction Target in Line with Paris Climate Agreement

      Nearly 94% of Shell Shareholders Reject Emissions Reduction Target in Line with Paris Climate Agreement

      Royal Dutch Shell has been rapped over its climate change commitments, with shareholders criticising its rejection of emissions targets that would bring it in line with the Paris climate accord. Shareholders at the oil giant's annual general meeting at The Hague spent hours questioning Shell's board members, who said that while the company supported the Paris agreement, setting company targets was "not in the best interest of the company...

      Read Full Article
      Mentions: Chairman
    6. United Airlines to introduce New Executive Pay Scheme Based on Customer Satisfaction

      United Airlines to introduce New Executive Pay Scheme Based on Customer Satisfaction

      United Airlines is to introduce a customer satisfaction-based pay scheme in the wake of the violent ejection of a doctor from one of its planes. The company's chief executive, Oscar Munoz, will not ascend to the role of chairman in 2018 after his contract was amended following the incident, which was captured on video. Millions watched footage of Dr David Dao, 69, being dragged bloodied and screaming from his seat on a United flight which the airline said was needed by one of its employees...

      Read Full Article
      Mentions: stock options CEO
    7. Uber President Jeff Jones Quits After Just Six Months and Issues Damning Criticism of Company

      Uber President Jeff Jones Quits After Just Six Months and Issues Damning Criticism of Company

      Ride services company Uber has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image. Mr Jones quit less than seven months after joining the San Francisco company, an Uber spokesman said on Sunday. In a statement to Reuters, Mr Jones said he could not continue as president of a business with which he was incompatible...

      Read Full Article
      Mentions: Chairman
    8. Samsung Chief and Four Other Top Executives to be Charged for Bribery and Embezzlement as Scandal Deepens

      Samsung Chief and Four Other Top Executives to be Charged for Bribery and Embezzlement as Scandal Deepens

      South Korea's special prosecutor's office said on Tuesday it will charge Samsung Group chief Jay Y. Lee and four other executives with bribery and embezzlement amid a political scandal that has rocked the country. Lee was arrested on 17 February over his alleged role in the corruption scandal involving impeached President Park Geun-hye, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy...

      Read Full Article
      Mentions: Technology
    9. UK: Uber Launches ‘Urgent Investigation’ After Sexual Harassment Claims

      UK:  Uber Launches ‘Urgent Investigation’ After Sexual Harassment Claims

      Ride-sharing giant Uber is launching an “urgent investigation” into workplace practices after a former employee published a damning blog detailing sexual harassment and discrimination she allegedly suffered while working for the company. Susan Fowler, who says that she left Uber in December where she had been working as an engineer, wrote in a personal blog post published on Sunday that she had suffered “sexual harassment”, witnessed “political games” and received “threats” from her manager after reporting incidents to the company’s human resources department. In a statement sent to Huffington Post in response to Ms Fowler’s blog, Uber chief ...

      Read Full Article
      Mentions: Human Resources
    10. Warren Buffett Quadruples Investment in Apple and Boosts Stakes in Airlines

      Warren Buffett Quadruples Investment in Apple and Boosts Stakes in Airlines

      Warren Buffett's Berkshire Hathaway was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple and increasing its stake sevenfold in the four biggest US airlines. In a regulatory filing, Berkshire reported owning 57.4 million shares of Apple as of 31 December, which would now be worth $7.74bn, up from just from 15.2 million shares in the iPhone maker three months earlier...

      Read Full Article
      Mentions: Investment
    11. Volkswagen Diesel Emissions Scandal: The Toxic Legacy

      Volkswagen Diesel Emissions Scandal: The Toxic Legacy

      It is now almost exactly a year since America’s Environmental Protection Agency issued a “Notice of Violation” that sent the world’s second biggest car manufacturer hurtling into a concrete wall of scandal. On 18 September 2015 the EPA claimed Volkswagen had installed “defeat devices” (a kind of software) on its diesel vehicles, designed to cheat in official emissions standards tests and make its cars look like they were less polluting than they actually were...

      Read Full Article
      Mentions: stock options
    12. Companies With Women in Leadership Roles Crush the Competition

      Companies With Women in Leadership Roles Crush the Competition

      "Women do not participate in the global economy to the same extent as men do," according to a study on gender diversity in corporate leadership. But that doesn't mean women shouldn't participate more. The study on gender diversity by Marcus Noland, Tyler Moran, and Barbara Kotschwar for the Peterson Institute for International Economics released earlier this year says there is a positive correlation between the presence of women in corporate leadership and performance "in a magnitude that is not small." It is hard to nail down the exact performance bump a woman's presence can lend a company ...

      Read Full Article
    13. Backlash Against JPMorgan Boss Jamie Dimon After Branded his own Investors as 'Lazy'

      Backlash Against JPMorgan Boss Jamie Dimon After Branded his own Investors as 'Lazy'

      The JPMorgan boss Jamie Dimon has been blasted as “removed from reality” and “insulting” after he branded his own investors “lazy” for voting against his multimillion-dollar pay deal. At a conference in New York on Wednesday, the chief executive of the giant Wall Street bank said stockholders who had followed the recommendations of two influential professional advisory services and rejected Mr Dimon’s $20m (£13m) pay package last week were “irresponsible” and “not good investors”...

      Read Full Article
    14. Clash of the Mad Men in $35bn advertising mega-merger

      Clash of the Mad Men in $35bn advertising mega-merger

      Sir Martin, the chief executive of WPP, which will lose its crown as the world’s biggest advertising group as a result of the Publicis-Omnicom merger, said: “This is a seismic shock to the industry and will make clients and people think about what they’re doing. This gives us a big opportunity.” Publicis, the owner of agencies Saatchi & Saatchi and Starcom Media Vest, and Omnicom, which owns Abbott Mead Vickers and Adam & Eve DDB, want to merge to get greater scale when they negotiate with media

      Read Full Article
    15. The women who are breaking into the boardroom

      News from the Professional Boards Forum that almost 100 women were made directors of the UK's top businesses last year suggested that a Government-commissioned report by former trade minister Lord Davies had been taken seriously by the City. In February, he told corporate Britain that 25 per cent of their directors had to be women by 2015. The hires – which included Stacey Cartwright, the finance director of Burberry who joined GlaxoSmithKline's board; Linda Gillespie Stuntz, who went to Shell,

      Read Full Article
    1-23 of 23
  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content