Good corporate governance is good business because it is all about risk management. As a global health care investor, balancing the interests of our shareholders, management, customers, and other public stakeholders has been a key focus since we started investing in emerging markets 10 years ago. Since our first fundraise back in 2010, we have…
Category: corporate governance
VEA Vice Chair Nell Minow Named As One of GPW’s 10 Most “Salutary” Corporate Governance Influences in 2018
We are delighted to announce that our Vice Chair, Nell Minow, has been named by Global Proxy Watch as one of the 10 most important influences on corporate governance in the world this year, along with VEA friends Sophie L’Helias, Christy Wood, and Cindy Fornelli.GPW says:Nell Minow eloquently called out the NAM campaign against shareowner interests through…
Wachtell Lipton Discusses the State of Play in Activism | CLS Blue Sky Blog
The most powerful law firm representing corporate management gives their perspective (sometimes self-serving as exaggerating threats leads to higher fees) on the challenges/threats faced by corporate insiders: The threat of activism remains high, and has become increasingly global. Activist assets under management remain at elevated levels, encouraging continued attacks on many large successful companies in…
Funds industry must aim for fairness | Financial Times
Paul Lee makes a key point we also try to emphasize. Markets do not run on money; they run on trust. Data from the UK’s High Pay Centre indicate that chief executive pay has increased again, giving rise to the usual headlines about inequality.More striking, perhaps, than the 11 per cent increase in FTSE 100…
AT&T, Bank of America, Coca-Cola, IBM, Johnson & Johnson, P&G and Other Leaders Sign on to Updated Commonsense Corporate Governance Principles | Business Wire
CEOs of 20 leading public companies, pension funds and investment firms today have signed the Commonsense Corporate Governance Principles 2.0, committing to using these standards to inform the corporate governance practices within their own organizations. The principles are: 1) Board members should be prepared to serve for a minimum of three years. 2) If board…
Bed Bath & Beyond — Bad Buybacks, Stock Price Tumble, and Shareholder Vote Overrides
What is going on at Bed, Bath and Beyond? Stock price: Shares of Bed Bath & Beyond lost almost a quarter of their value in morning trading on September 27, as the company’s performance continues to deteriorate to the lowest level in 18 years. Buybacks: Bed Bath & Beyond Inc.’s (BBBY) buyback strategy could be…
Main Street Investors Coalition: Comes Sort of Clean and Also Does Not
Those rascals at the fake dark money front group Main Street Investors Coalition are at it again. Just to recap, this is the CEO-funded organization that has no relationship whatsoever to Main Street or investors and the only coalition it represents is the National Association of Manufacturers members and other corporations who provide its funding….
Trump and Warren are Both Wrong
Jesse Fried says that Senator Warren and President Trump both want to weaken shareholder oversight, Senator Warren with her legislative proposal and President Trump in asking the SEC to review elimination of quarterly reporting: In the absence of any solid evidence that shareholders harm firms, the case for weakening investors has been based on myths,…
Support for Senator Warren’s Accountable Corporations Act
Leading scholars and practitioners have written to endorse Senator Elizabeth Warren’s proposed Accountable Corporations Act. Dear Senator Warren, We are a group of long-term scholars and practitioners of the law, finance, and economics of corporations and other business entities. We write you now in support of your Accountable Capitalism Act. We believe legislation along these…
Elizabeth Warren unveils bold new plan to reshape American capitalism | US news | The Guardian
We are delighted to see corporate governance become a central issue in the political debates shaping up for the next Presidential election, though we have some hesitation in endorsing some of the ideas in Senator Elizabeth Warren’s proposed Accountable Capitalism Act. We do not think of this proposal as “redistributing wealth,” however, as The Guardian…
