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…
Tag: corporate governance
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…
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…
How GRC, Compliance and CSR Work Together – EQS Blog
GRC, Compliance, and CSR are all highly-relevant and valuable topics for companies today. Often, these terms are not always clear and the distinction between them may not be easy to understand.How Are GRC and Compliance Related?GRC stands for “Governance, Risk Management, and Compliance“, a generic term encompassing various leadership functions within a company.Governance speaks to…
‘Chairman’ retired from UK boardroom code – Financial News
The term ‘chairman’ has been dropped from the UK Corporate Governance Code for the first time in 26 years and replaced with ‘chair’ in a landmark move for equality in the workplace.The watershed change appears in the 2018 edition of the influential guidelines, published today, and is part of a conscious decision to retire the…
Unheralded Boardroom Excellence… at Theranos? | Adam J. Epstein | Pulse | LinkedIn
As the founder of Theranos faces a possible prison sentence and the company collapses under allegations of outright fraud and a board that was at best negligent, Adam J. Epstein points to one director who tried to do the right thing, based on the new book Bad Blood: Secrets and Lies in a Silicon Valley…
