Aid to corporations with dependent workers – Backbencher

Essential reading from Tim Noah on why welfare to full-time workers is really welfare to corporations and overpaid executives. The ingenuity of American corporations in finding ways not to reward work begins with keeping them the hell off the payroll. As Brandeis economist David Weil observed in his book The Fissured Workplace, the much-discussed “gig…

CII Spring Conference 2021–Highlights

From VEA Vice Chair Nell Minow: I remember taking the escalator down to the CII conference last year and seeing boxes of hand sanitizer and antiseptic wipes. People greeted each other with elbow taps and made grim jokes about this new virus we were hearing about. A week later, everything shut down. So, this year’s…

Ranking Digital Rights

The RDR Index evaluated 26 of the world’s most powerful digital platforms and telecommunications companies on their disclosed policies and practices affecting people’s rights to freedom of expression and privacy. Here’s the ranking sorted by governance.

Beyond Covid: risk and resilience among governance trends for 2021

VEA Vice Chair is quoted in a Board Agenda story about governance priorities in the Biden administration and new 50-50 Senate: If there is one country likely to see an expansion of corporate governance activity in 2021 it is the US, with the upcoming inauguration of Joe Biden and Kamala Harris. The Trump years saw…

Warren, Carper, Baldwin, and Warner Form Corporate Governance Working Group to Fundamentally Reform the 21st Century American Economy

United States Senators Elizabeth Warren (D-Mass.), Tom Carper (D-Del.), Tammy Baldwin (D-Wis.) and Mark Warner (D-Va.) announced the formation of a working group to develop legislative proposals and conduct oversight focused on fundamentally reforming corporate governance. Over the last 30 years, corporate profits have surged while the portion shared with labor has declined, resulting in…

Senate Group Working on Corporate Governance Proposals

United States Senators Elizabeth Warren (D-Mass.), Tom Carper (D-Del.), Tammy Baldwin (D-Wis.) and Mark Warner (D-Va.) announced the formation of a working group to develop legislative proposals and conduct oversight focused on fundamentally reforming corporate governance. Over the last 30 years, corporate profits have surged while the portion shared with labor has declined, resulting in…

Antitrust law: The next stakeholder capitalism battleground? | Fortune

[S]ome reformers have called to replace the “consumer welfare” standard with “effective competition,” using antitrust to “protect” market participants throughout the supply chain, including workers. Others propose that enforcers seek “stakeholder remedies,” such as changes to corporate governance, as part of antitrust enforcement.  Need to clear that merger? Fork over a few board seats to…

Henry Ford III Is Rising to Top of Dynasty in Deep Trouble

VEA Vice Chair Nell Minow is quoted about the corporate governance concerns relating to family control of Ford Mother Company. The arrangement once again came under scrutiny at the annual meeting. A shareholder proposal to strip the family of its special class of stock and go to a one-share, one-vote arrangement garnered 35% support, up…