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    1. Enpro Elects Judith A. Reinsdorf to Board of Directors

      Enpro Elects Judith A. Reinsdorf to Board of Directors

      (BUSINESS WIRE )--EnPro Industries, Inc. (NYSE: NPO), an industrial technology company, has elected Judith A. Reinsdorf to the company’s Board of Directors. Ms. Reinsdorf was previously Executive Vice President and General Counsel at Johnson Controls (NYSE: JCI) until her retirement in 2017. She held the same role at Tyco International from 2007 until 2016...

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    2. BHP in Talks to Sell Petroleum Business to Australia's Woodside

      BHP in Talks to Sell Petroleum Business to Australia's Woodside

      (Reuters) - BHP Group Ltd is in talks to sell its petroleum business to Australia's top independent gas producer Woodside Petroleum Ltd in exchange for shares, the companies confirmed on Monday. The world's biggest miner BHP also said it had begun a strategic review of the business — made up of assets in Australia, the Gulf of Mexico, Trinidad and Tobago, and Algeria — that analysts value at between $10 billion and $17 billion...

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    3. Aviva to Return $5.5 Billion to Investors

      Aviva to Return $5.5 Billion to Investors

      LONDON (Reuters) - Aviva will return at least 4 billion pounds ($5.5 billion) to shareholders, starting with an immediate 750 million pound share buyback, the British insurer said on Thursday, as it reported a 17% rise in first-half operating profit. But operating profit from continuing operations came in at 725 million pounds, below a company-provided consensus of 781 million pounds...

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      Mentions: stake Buyback Canada
    4. Luxfer Announces Board Changes: Appointment of Patrick Mullen

      Luxfer Announces Board Changes: Appointment of Patrick Mullen

      ( BUSINESS WIRE )-- Luxfer Holdings PLC (NYSE: LXFR) , ("Luxfer" or the "Company"), a global manufacturer of highly-engineered industrial materials, announced today that David Landless will not be seeking re-election at the Company’s 2022 Annual General Meeting in accordance with the Company’s Corporate Governance Guidelines, which advises retirement of Directors after nine years’ service....

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    5. BlackRock: Lack of Diversity, Independence Drove Critical Board Votes

      BlackRock: Lack of Diversity, Independence Drove Critical Board Votes

      (Reuters) - Top asset manager BlackRock said on Tuesday it voted against 10% of company directors this year, up from 8.5% last year, as part of a more muscular approach to corporate governance. BlackRock gave the breakdown in its quarterly stewardship report, citing issues like a lack of boardroom diversity or director independence...

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    6. First Republic Bank Extends Contract of Founder, Chairman and CEO Jim Herbert

      First Republic Bank Extends Contract of Founder, Chairman and CEO Jim Herbert

      ( BUSINESS WIRE )-- First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that its Board of Directors has extended the contract of its Founder, Chairman and CEO Jim Herbert through December 31, 2022, following which he will serve as Executive Chairman...

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    7. Investor Elliott Urges GSK to Consider Sale of Consumer Health

      Investor Elliott Urges GSK to Consider Sale of Consumer Health

      LONDON (Reuters) - Activist investor Elliott urged GlaxoSmithKline to consider the sale of its consumer healthcare business, which is being listed next year and said it saw scope to drive up the value of the group. Confirming for the first time that it had taken a significant position in GSK, Elliott set out five recommendations for the board as it prepares to split its two main businesses...

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      Mentions: Sale stake GSK
    8. Toshiba Shareholders Vote to Oust Board Chair

      Toshiba Shareholders Vote to Oust Board Chair

      Toshiba shareholders on Friday rejected the reappointment of board chair Osamu Nagayama in a rebuke to management after revelations of attempts to sway voting on activist investor proposals. CEO Satoshi Tsunakawa said shareholders had voted down a bid to reappoint Nagayama and a member of the firm's audit committee. It came despite Tsunakawa offering his backing for the chairman of the board, and pledging to work on reestablishing trust after the damaging revelations of an independent probe...

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    9. JPMorgan Shareholders Vote to Back Board Members, Executive Compensation

      JPMorgan Shareholders Vote to Back Board Members, Executive Compensation

      NEW YORK (Reuters) - A majority of JPMorgan Chase & Co shareholders voted to approve bank executives' compensation packages and to elect all of the board members at the annual shareholder meeting on Tuesday. Two shareholder proposals received strong support but fell just shy of the majority of shares needed to pass. The first was a proposal that would have made it easier for some investors to act by written consent by reducing the ownership threshold required to start that process...

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    10. Fresh From Icahn Settlement, FirstEnergy Weighs Divestitures

      Fresh From Icahn Settlement, FirstEnergy Weighs Divestitures

      (Reuters) - FirstEnergy Corp, the U.S. utility that gave activist investor Carl Icahn seats on its board this year, is exploring divestitures as an alternative to raising cash by selling stock, according to four people familiar with the matter. Akron, Ohio-based FirstEnergy is trying to recover from the fallout of accusations it was involved with a $60 million bribery scheme involving financial aid for troubled nuclear power plants in its home state...

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    11. Proxy Adviser ISS Recommends Vote Against Leonardo CEO Liability Action

      Proxy Adviser ISS Recommends Vote Against Leonardo CEO Liability Action

      MILAN (Reuters) -Proxy adviser ISS recommended on Monday that Leonardo shareholders vote against a liability action promoted by activist investor Bluebell against the Italian defence group's CEO citing "the absence of a sufficiently compelling rationale". Last year CEO Alessandro Profumo was sentenced in the first instance to six years imprisonment for false accounting in his previous role as chairman of Banca Monte dei Paschi di Siena...

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    12. Fresh Del Monte Produce Welcomes New Board of Directors, Lori Tauber Marcus and Kristin Colber-Baker

      Fresh Del Monte Produce Welcomes New Board of Directors, Lori Tauber Marcus and Kristin Colber-Baker

      Fresh Del Monte Produce Inc., one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, is pleased to announce the election of two additional members to its Board of Directors, Lori Tauber Marcus and Kristin Colber-Baker...

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    13. Alibaba Freezes Executive Pay Rises Amid China's Curbs on Big Tech

      Alibaba Freezes Executive Pay Rises Amid China's Curbs on Big Tech

      BEIJING (Reuters) -Chinese e-commerce giant Alibaba Group Holding has frozen pay for senior executives in 2021 and is instead giving junior staff bigger salary increases, sources said, in an effort to preserve its workforce amid a regulatory clampdown. Hundreds of top-tier executives at Alibaba are not entitled to salary hikes this year, unless they performed extraordinarily, four sources familiar with the matter said...

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    14. More than 100 Companies Sign Letter Opposing U.S. State Voting Restrictions

      More than 100 Companies Sign Letter Opposing U.S. State Voting Restrictions

      (Reuters) - Apple Inc, Amazon.com Inc, Ford Motor Co and Starbucks Corp are among the more than 100 companies that have come together to oppose U.S. state voting curbs that activist groups say unfairly target Black and other racial minorities. "We all should feel a responsibility to defend the right to vote and oppose any discriminatory legislation or measures that restrict or prevent any eligible voter from having an equal and...

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    15. Shell to Link Executive Pay More Closely to Group's Climate Performance

      Shell to Link Executive Pay More Closely to Group's Climate Performance

      LONDON (Reuters) - Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday. The weighting of Shell's energy transition performance on its targeted path to net zero emissions by 2050 would double to 20% of the directors' long-term incentive plan calculation if shareholders vote for the plan at a meeting on May 18...

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    16. BlackRock Hires Law Firm for Internal Review After Latest Executive Conduct Complaints

      BlackRock Hires Law Firm for Internal Review After Latest Executive Conduct Complaints

      (Reuters) - BlackRock Inc said on Monday it is hiring a prominent law firm to conduct an internal review after a report in a trade publication detailed new employee complaints about the conduct of executives, including senior leader Mark Wiedman. BlackRock CEO Larry Fink said in a staffwide memo on Monday that the company is retaining the law firm Paul, Weiss to conduct a review, following the complaints and other incidents that have come to light in recent weeks...

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