National Beverage, producer of La Croix flavored fizzy water, has been criticized for the tone and substance of its recent filings. On Forbes, Jim Collins calls CEO Nick Caporella’s statement “bizarre” and points out the contradictions in its explanation for reduced revenues: La Croix sales are falling due to litigation, but that litigation will not…
Why Progressive Politics Matter To Corporate Governance: Forbes
Lawyer Michael Peregrine writes in Forbes about how the upcoming political season may raise more issues about the role of corporations than any other in history: Progressive oriented politicians—including several who are running for President—are promoting a series of bold, innovative, ambitious and thoroughly controversial policies and legislative proposals intended to recast elements of the…
DWP welcomes CMA findings; legislation expected in 2020 – Pensions Age Magazine
UK’s Pension Fund Institute reports on proposed reforms for selecting and evaluating fund managers: The proposed remedies, first published in December, will require pension schemes to run a competitive tender before choosing a fiduciary manager for more than 20 per cent of its assets, in order to drive up standards and decrease costs across the…
Net-Zero by 2050 — Report from Climate Majority Action
Investors are increasingly making the business case for taking action on climate change. The collective choice problem inherent in planet-wide environmental issues, amplified by the distorting impact of often-undisclosed political donations from corporate executives and billionaires (see our work on the fake dark money front group Main Street Investors Coalition) has left investors, particularly long-term, passive investors like…
Why Does CEO Compensation Matter?
Alex Barjadi explains why CEO compensation is important for investors. His example is a “long term” plan that is revised just one year later and just one competitor for comparison purposes. He does not reveal the name of the company, but in private correspondence he has revealed it: Siemens Gamesa Renewable Energy
Is Huawei’s rise due to its corporate governance style?
Huawei’s unique corporate governance structure includes employee ownership and representation on the board: First, Huawei is a fully employee-owned, private company. All shareholders are employees although not all employees are shareholders. This is a most intriguing aspect. Employees are supposedly hired by the management, and yet they constitute the shareholder body. So there is an…
Report: Moving Toward Gender Balance in Private Equity and Venture Capital
A new study from the IFC, Oliver Wyman, and Rock Creek investment management explores the link between financial returns and gender diversity; the lack of women in the industry; and steps needed to achieve gender balance. One of the key findings of the report is that private equity and venture capital funds with gender-balanced…
‘Corporations Are People’ Is Built on a 19th-Century Lie – The Atlantic
Somewhat unintuitively, American corporations today enjoy many of the same rights as American citizens. Both, for instance, are entitled to the freedom of speech and the freedom of religion. How exactly did corporations come to be understood as “people” bestowed with the most fundamental constitutional rights? The answer can be found in a bizarre—even farcical—series…
Trump’s Push to Ease Wall Street Rules Hindered by Missteps
President Donald Trump has repeatedly vowed to loosen Wall Street’s leash, but some of regulators’ most meaningful efforts to revamp post-crisis constraints on big banks are running into problems. Take the Volcker Rule, which restricts banks from making risky market bets with their own money. Under Trump, federal agencies sprinted to rewrite it, issuing an…
