VEA Vice Chair Quoted on Nasdaq’s proposed new diversity requirements.

Corporate governance expert and vice chair of ValueEdge Advisors Nell Minow said the proposed Nasdaq rules are just one step in the right direction. “It’s about time that the exchanges started stepping up to the plate on some of these issues. They’re in a much better position to address all kinds of corporate governance issues…

Nasdaq Proposes Board-Diversity Rule for Listed Companies – WSJ

Nasdaq Inc. aims to require listed companies to include women and people of diverse racial identities or sexual orientation on their boards, a move that could prompt change at hundreds of companies. The exchange operator filed a proposal with the Securities and Exchange Commission that would require listed companies to have at least one woman…

Co-Determinative Corporate Governance

A system of shared corporate governance between shareholders and workers, codetermination has been mostly ignored within the U.S. corporate governance literature. When it has made an appearance, it has largely served as a foil for shareholder primacy and an example of corporate deviance. However, over the last twenty years—and especially in the last five—empirical research…

Proposal With Caveat: A Purpose-Based Corporation

Shareholder value maximization has been severely criticized in recent years, but it is not clear what if anything is to take its place. In this paper we review three models of corporate value creation – shareholder value, stakeholder value and company purpose achievement – and their implications for corporate governance. We first discuss shareholder value and how…

VEA Vice Chair Quoted on How to best manage ESG disclosures | CFO Dive

The countless environmental, social and governance (ESG) reporting systems can make the disclosure process time-consuming, duplicative and confusing. Companies should centralize ESG oversight into a single function, Evan Williams, capital markets competitiveness director for the U.S. Chamber of Commerce, said.  “This prevents internal splintering between different standards and [gives] companies one unified message on ESG,”…

Top CEOs form exclusive climate change club

The CEOs of 22 of Australia’s biggest companies, including BHP, Commonwealth Bank of Australia, AGL, Rio Tinto and Wesfarmers, have joined forces to collaborate on ways to reduce emissions in line with the Paris Agreement. The Climate Leaders Coalition is driven by Lynette Mayne, head of the Australian branch of British businessman Richard Branson’s “B…

FTI axed by clients in fallout over oil industry work | Financial Times

FTI Consulting has been dumped by at least three of its clients while several global asset managers are reviewing their relationship with the business advisory and public relations consultancy, as the fallout from a media report about controversial work for the oil industry intensifies.  MSCI, the ratings and index provider and CDP, a non-profit group…