Applying Commonsense Principles 2.0 | Ethical Boardroom

An update on the Commonsense Principles for corporate governance, first published in 2017: The Commonsense Principles 2.0 built on the strong foundation of the 2016 Principles to reflect the evolving conversation and drive forward a more developed understanding of, and agreement on, the key tenants of corporate governance that support long-term value for all shareholders. Notably,…

Q&A with Harvard’s George Serafeim: The link between corporate governance and environmental and social impact | ImpactAlpha

Impact investors looking to drive positive benefits across their portfolios, however, have to ask a tougher question: Does ESG performance actually make any difference in terms of actual social and environmental impact? As ImpactAlpha’s podcast roundtable put it earlier this year, “If ‘ESG investing’ is so great, why is the world going to hell?” …Smarter…

Big businesses paying even less than expected under GOP tax law – POLITICO

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected…

SEC Broker-Conflict Rules Face Wary Dems, States, and AARP

On June 5th, the Securities and Exchange Commission approved a final regulation that governs the conduct of broker-dealers and their advisors. The name of the guidance is Regulation Best Interest, known as Reg BI. Reg BI won’t apply until June 30, 2020, roughly a year from now, but it is already generating a lot of…

Make Passengers Safer? Boeing Just Made Shareholders Richer.

Our research, based on publicly available information, strongly suggests that the dedication of Boeing’s senior executives to increasing their company’s profits and stock yield—which also augmented their own compensation—resulted in management decisions that contributed to the two 737 MAX crashes. While much more information remains to be discovered, the reported evidence, still unfolding almost daily,…

Bernie Sanders confronts Walmart leaders at annual shareholders meeting – CNNPolitics

For the first time in history, a Presidential candidate appeared at a corporate annual meeting in support of a shareholder proposal. Democratic presidential candidate Sen. Bernie Sanders came face-to-face with Walmart’s corporate leadership during the retail giant’s annual shareholders meeting on Wednesday in Arkansas, where he introduced an employee proposal to put workers on the…

Boaz Weinstein Sues BlackRock Alleging Corporate-Governance Failings – WSJ

Saba Capital Management, a $1.7 billion hedge fund run by Boaz Weinstein, has sued BlackRock Inc., BLK 1.63% arguing the world’s largest asset manager has moved to block outsiders from gaining board seats at three of its funds and effecting change.In two lawsuits filed late Tuesday, Saba alleged that BlackRock’s actions run counter to the…