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    1. W. P. Carey Inc. Appoints Margaret G. Lewis to Board of Directors

      W. P. Carey Inc. Appoints Margaret G. Lewis to Board of Directors

      NEW YORK, Oct. 3, 2017 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), an internally-managed net lease real estate investment trust, announced today that Margaret G. Lewis has been elected a director of the Company. Ms. Lewis currently serves as Chairman of the Federal Reserve Bank of Richmond and is a Director of Flowers Foods. She has also served on the boards of the Science Museum of Virginia, Virginia Hospital and Healthcare Association and Smithfield Foods, Inc...

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    2. Ferguson Partners Ltd. Releases Research around the Current State of Board Governance for Publicly Traded REITs – Board Diversity is Critical

      Ferguson Partners Ltd. Releases Research around the Current State of Board Governance for Publicly Traded REITs – Board Diversity is Critical

      The research compares board practices for non-mortgage REITs within the Russell 3000 Index to the other broader companies within the Index Ferguson Partners, Ltd ., a global professional services firm, and Board Governance Research , an independent research company, released today some industry-first research which does a deep dive into the current state of Board governance practices and demographics for publicly-traded REITs with revenues of over $100 million and are included in the Russell 3000 Index. The research – REIT Board Composition – compares these REITs Boards to the broader mix of companies within the Index. Ferguson Partners saw a strong market need for ...

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    3. Big Investors Want Directors to Stop Sitting On So Many Boards

      Big Investors Want Directors to Stop Sitting On So Many Boards

      Giant money managers voted against the re-election of Ronald Havner, Jr. in May to the board of a real-estate company. Their reason: He runs a different company and sits on two other boards. After about 56% of voting shares were cast against Mr. Havner remaining an AvalonBay Communities Inc. director, he said he would resign, an offer rejected by the rest of the AvalonBay board...

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    4. Perry Ellis International Elects J. David Scheiner as Non-Executive Chairman of the Board

      Perry Ellis International Elects J. David Scheiner as Non-Executive Chairman of the Board

      Perry Ellis International (NASDAQ:PERY) (“Perry Ellis” or the “Company”) today announced that its Board of Directors has elected J. David Scheiner (“David”) as Non-Executive Chairman. Mr. Scheiner succeeds George Feldenkreis, following the termination of Mr. Feldenkreis’ position as Executive Chairman. George Feldenkreis remains a member of the Board of Directors. These changes, which are part of a multi-year leadership succession planning process, are effective immediately...

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    5. Cisco: Boards Try Buddy System to Get Newcomers Up to Speed

      Cisco: Boards Try Buddy System to Get Newcomers Up to Speed

      Amy Chang got unusually frank feedback when the new director of Cisco Systems Inc. walked out of her first board meeting last December. Longtime board member Carol Bartz chided the then 39-year-old tech executive for apologizing when she posed questions during the meeting. "You have the right to ask questions," said Ms. Bartz, a Cisco director since 1996...

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    6. Qantas Airways: boss Alan Joyce's Pay Packet Nearly Doubles in Year to $25M

      Qantas Airways: boss Alan Joyce's Pay Packet Nearly Doubles in Year to $25M

      Qantas boss Alan Joyce has flown close to the top of the Australian executive pay league after nearly doubling his remuneration in the past financial year. Related: Executive pay: top bosses scoop average of $5.7m a year as bonus boom keeps on giving Joyce earned a total pay package of $24.6m in the 2016-17 year, the company’s annual report showed on Friday, nearly twice as much as the $12.96m he pocketed in the previous 12 months...

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    7. P&G Proxy Fight Pits Former Finance Chief Against Longtime Protégé

      P&G Proxy Fight Pits Former Finance Chief Against Longtime Protégé

      By Sharon Terlep and David Benoit CINCINNATI -- Clayton Daley gave 35 years of his professional life to Procter & Gamble Co., rising to finance chief and then grooming his successor, Jon Moeller. Now, the mentor and his former protégé are on opposing sides of a boardroom fight over how best to reinvigorate P&G, a consumer-products giant that at one time boasted brands in nearly every aisle of the supermarket...

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    8. General Electric : Former GE CEO Immelt out of running to Lead Challenged Uber

      General Electric : Former GE CEO Immelt out of running to Lead Challenged Uber

      Former General Electric CEO Jeffrey Immelt has taken himself out of the running to lead Uber as the ride-hailing giant seeks to overcome its ethical scandals and turn itself into a profitable business. Immelt announced Sunday on Twitter: "I have decided not to pursue a leadership position at Uber ." He added that he has "immense respect" for the company and its founders. Uber 's fractured eight-member board has been meeting this weekend to find a new leader...

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    9. AkzoNobel : Akzo Nobel Wins Again in Court Battle with Hedge Fund Elliott

      AkzoNobel : Akzo Nobel Wins Again in Court Battle with Hedge Fund Elliott

      Akzo Nobel does not have to let shareholders vote on whether to dismiss its chairman, a Dutch court ruled on Thursday, handing the paint company another victory in its battle with U.S. activist investor Elliott Advisors. Akzo Nobel ( >> AkzoNobel ) does not have to let shareholders vote on whether to dismiss its chairman, a Dutch court ruled on Thursday, handing the paint company another victory in its battle with U.S. activist investor Elliott Advisors...

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    10. P&G Hits Back at Peltz, says Investor not Entitled to Board Seat

      P&G Hits Back at Peltz, says Investor not Entitled to Board Seat

      Procter & Gamble blasted Nelson Peltz's efforts to join the consumer goods conglomerate's board, saying the investor was not entitled to a seat and that he was being wrongly advised by people who were not in tune with the company's operations. P&G's salvo comes weeks after Peltz's Trian Fund Management sought a board seat for the activist investor at the company, making P&G the largest company ever to face a proxy battle...

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      Mentions: Management CFO
    11. Bank of New York Mellon: BNY Mellon Names Former Visa Executive Scharf CEO and Chairman

      Bank of New York Mellon: BNY Mellon Names Former Visa Executive Scharf CEO and Chairman

      Bank of New York Mellon Corp. named former Visa Inc. and J.P. Morgan Chase & Co. executive Charles Scharf as its chairman and chief executive, as the trust bank looks to jump-start growth and embrace the technological changes sweeping through the financial-services industry. Mr. Scharf, 52 years old, replaces Gerald Hassell. The 65-year-old Mr. Hassell will remain chairman at BNY Mellon until Dec. 31, when he will hand the title to Mr. Scharf...

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    12. London Stock Exchange : Britain Seeks Looser IPO Rules to lure Saudi Aramco, Worries Investors

      London Stock Exchange : Britain Seeks Looser IPO Rules to lure Saudi Aramco, Worries Investors

      Britain wants to loosen rules on listing state companies, a move that critics say is designed to help London win the lucrative IPO of Saudi Arabian oil giant Saudi Aramco but could weaken minority investor protection. The Financial Conduct Authority's proposals on Thursday would create a new listing category for companies controlled by sovereign states and come as exchanges around the world are vying to win the Aramco listing, which is expected to be the largest initial public offering (IPO) ever. But they met with criticism from British fund managers, who have already expressed concerns about Aramco's governance...

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      Mentions: IPO LSE Xavier Rolet
    13. Wells Fargo : Judge Gives Initial OK to Wells Fargo Settlement

      Wells Fargo : Judge Gives Initial OK to Wells Fargo Settlement

      The settlement agreement includes a process to compensate customers for increased borrowing costs due to credit-score impact associated with a potentially unauthorized account. The process will be led by an independent expert hired by class counsel. Compensation will be paid if a customer's credit score dropped because of a potentially unauthorized account and the customer opened an authorized credit product with any lender within time periods specified in the agreement...

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    14. Mylan : More than a Third of Mylan investors Voted Against Chairman

      Mylan : More than a Third of Mylan investors Voted Against Chairman

      More than a third of investors voting at Mylan NV annual meeting last week cast votes against Chairman Robert Coury's re-election as the generic drugmaker faced a shareholder campaign against its directors and executive pay packages. The generic drugmaker announced the vote totals from the meeting in a filing with regulators on Wednesday...

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    15. Loeb's Third Point Hedge Fund Targeting Nestle for Strategic Changes

      Loeb's Third Point Hedge Fund Targeting Nestle for Strategic Changes

      Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter. Loeb has recently bought a stake in the world's largest packaged foods maker as he seeks strategic changes in the company, Bloomberg said. Nestle said earlier this month that it may sell its $900 million-a-year U.S. confectionery business in the Swiss food group's latest effort to improve the health profile of its sprawling portfolio...

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