VEA Vice Chair Nell Minow is quoted in an article looking back on the 20th anniversary of the collapse of Enron. “Unquestionably, boards are sharper, more independent, more focused, and more engaged,” says Nell Minow, vice chair of ValueEdge Advisors and a longstanding critic of poor governance and campaigner for shareholder rights. Still, since 2001,…
Sock Puppet Ike Brannon Continues to Lie About Proxy Advisors
As we have noted before, Ike Brannon likes to lie about proxy advisors while omitting any reference to his affiliation with the CEO-funded dark money efforts to limit investor access to the sole source of independent research on proxy issues. Note that his comments appear in the unedited commentary section of Forbes, barely above Qnon…
These corporations back the sponsors of an Ohio abortion ban that’s more extreme than Texas — Popular Information
Corporations supporting the legislators behind a total abortion ban in Ohio One of the top corporate donors to the co-sponsors of the proposed abortion ban in Ohio is Nationwide. Since 2018, Nationwide has donated $30,500 to 19 co-sponsors of the legislation. The donations stand in contrast to Nationwide’s carefully crafted public image as a supporter…
VEA Vice Chair on Motley Fool Money
VEA Vice Chair Nell Minow appeared on the Motley Fool Money podcast this week to talk about ESG, executive compensation, and must-see movies with Academy Awards potential.
Agenda – Audit Committees Question Climate Competency
Climate change has now become the issue of the 21st century. With the conclusion of COP26 in Glasgow, Scotland — bookended by India’s commitment to achieving net-zero emissions by 2070 and the historic U.S.-China agreement to reach the 1.5 C temperature goal outlined in the Paris Agreement — the three largest polluters in the world…
We’ve Said it Before — Arena Naming is a Sell Signal: Staples Center Renamed Crypto.com Arena in Los Angeles
We predict this deal will not last 20 years. Unlikely that the company will, either. [On] December 25, the Staples Center becomes Crypto.com Arena in a new 20-year naming deal. The Los Angeles Times reported that event-promotion company AEG made a deal with the Singapore-based cryptocurrency website, with the new name reportedly costing over $700…
SEC.gov | SEC Proposes Rule Amendments to Proxy Rules Governing Proxy Voting Advice
The Securities and Exchange Commission today voted to propose amendments to its rules governing proxy voting advice. The proposed amendments aim to address concerns expressed by investors and others that the current rules may impede and impair the timeliness and independence of proxy voting advice and subject proxy voting advice businesses to undue litigation risks…
SEC Adopts New Rules for Universal Proxy Cards in Contested Director Elections
The Securities and Exchange Commission today voted to adopt final rules requiring parties in a contested election to use universal proxy cards that include all director nominees presented for election at a shareholder meeting. The rule changes will give shareholders the ability to vote by proxy for their preferred combination of board candidates, similar to…
Bratton: Self-Dealing Transactions Are Not That Bad
The Fall 2021 issue of the American Bar Association’s scholarly journal, The Business Lawyer features an article by Professor William W. Bratton arguing that the “evolutionary erosion” theory that fiduciary obligation of corporate board members has been weakened over time does not apply to management self-dealing. He says that related party transactions involving the executives…
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