“Only when the tide goes out do you discover who’s been swimming naked.” Warren Buffett’s famous analogy highlights how a downturn in the strength of the markets or the economy, reveals previously-hidden risks and weaknesses for companies and investors. Although many investors have recently given most of their attention to the “E” and “S” parts…
Tag: corporate governance
Opinion | How Sexism Influenced Corporate Governance – The New York Times
Early in the 20th century, many owners of the iconic companies of the day were women. Before the 1929 stock market crash, female shareholders outnumbered male shareholders at AT&T, General Electric and the Pennsylvania Railroad (even though the men owned more shares). But men had little respect for women’s ability to exercise their rights as…
How Can Anyone Think Fox Has Genuinely Independent Directors?
According to The Wrap: Rupert Murdoch has pledged to follow the recommendations of special committees of the Fox Corp. and News Corp. boards on his proposal to recombine his media empire. Fox Corp. said Tuesday that the special committee of the board named to evaluate the plan to bring it back together with News Corp. received letters…
Elon Musk Dissolves Twitter Board, Crowns Himself as ‘Sole Director’
This is why there’s a G in ESG — a governance risk red flag the size of Alaska. We suspect that Musk’s other equity investors will have something to say about this. Elon Musk dissolved Twitter’s board and made himself the “sole director” of the company after all previous members were removed from their roles,…
Crafting the ‘G’ in ESG: Accountability in the Boardroom | Nasdaq
Perhaps the most significant guideline that boards must follow when it comes to sustainability is a change in mindset from compliance to command. When board members see ESG as a core tenant of their governance strategy, rather than a compliance box to check off, they can go above and beyond accountability, becoming a leader in…
The ‘G’ In ESG: Exploring the impact of corporate governance
Despite this, ESG goes beyond an isolated consideration of ‘E’ and ‘S’. In fact, by leaving governance factors out of the decision-making process altogether, organisations risk missing a crucial opportunity to fully leverage the power that comes with embedding sound corporate governance and risk management systems into their corporate pillars.This can spell disaster in a…
Twitter schedules shareholder vote for embattled Elon Musk deal – The Washington Post
Nell Minow, a corporate governance expert who is vice chair of ValueEdge Advisors, said Twitter’s timing for the shareholder vote, which is a required step in completing the deal, is probably not a coincidence. Holding the shareholder vote before the trial signals that Twitter is continuing the deal as normal.“I think it’s strategic,” she said….
New Nikola Shares Blocked by Founder and Former CEO
CNBC reports: Electric truck maker Nikola once again fell short of winning shareholder approval to raise new funds, the company said Monday. The measure has so far been blocked by the company’s since-departed founder. In a brief webcast Monday, Chairman Steven Girsky said that while the vote on the proposal to issue new shares…
Moderna’s new CFO departs in first week in job | Financial Times
Moderna’s new CFO left after three days, following announcement the his previous employer was being investigated for possible financial reporting improprieties. Nevertheless, he received a severance payment. VEA Vice Chair Nell Minow responded. Nell Minow, vice chair of ValueEdge Advisers, a firm that advises investors on corporate governance, said the episode represented an “outrageous” failure…
ValueEdge Advisors 