Corporate Governance Principles – Investor Stewardship Group

CORPORATE GOVERNANCE FRAMEWORK FOR U.S. LISTED COMPANIES Principle 1: Boards are accountable to shareholders. Principle 2: Shareholders should be entitled to voting rights in proportion to their economic interest. Principle 3: Boards should be responsive to shareholders and be proactive in order to understand their perspectives. Principle 4: Boards should have a strong, independent leadership…

Time For Facebook CEO Mark Zuckerberg To Face Facts

Professor Jeffrey Sonnenfeld explains the failure of corporate governance at Facebook revealed by the Cambridge Analytica breach. We concur, and we call on the board to establish a committee to investigate further and report to Facebook users and investors about the steps they are taking to prevent further breaches. The leadership of Facebook is failing…

Gretchen Morgenson: 20 Years of Corporate Governance

In her last column for the New York Times, Gretchen Morgenson summarizes the best and worst and most improved of the corporate governance issues she has reported on, quoting VEA Vice Chair Nell Minow: Nell Minow is a corporate governance expert and vice chairwoman at ValueEdge Advisors, a firm that guides institutional shareholders on reducing…

Why companies and CEOs treat their workers like garbage.

A new book,  The End of Loyalty: The Rise and Fall of Good Jobs in America, argues that the primary focus on shareholder value has enabled decisions that are bad for workers and consumers. This culture, [Rick] Wartzman argues, has “explicitly elevated shareholders above employees.” Looking at issues like the rising disdain for unions, the emergence…

Danone can stomach new activist investor – Breakingviews

Carol Ryan writes approvingly about a small stake by an activist investor in a previously entrenched French company: Danone can stomach a new activist investor. A stake reportedly taken by U.S. hedge fund Corvex Management in the French yoghurt maker may be small, but would bring welcome pressure on management to meet its new margin…