Tag #Corporate Governance

Showing 25 to 36 of 211 results

theglobeandmail.com

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May 19, 01:11

Shareholders Reject Anti-DEI Proposals, Prioritizing Diversity for Performance

Shareholders at Berkshire Hathaway and Bristol Myers Squibb overwhelmingly rejected (98%) anti-diversity proposals this month, defying recent corporate trends and suggesting a strong link between diversity and financial performance.

Shareholders Reject Anti-DEI Proposals, Prioritizing Diversity for Performance

Shareholders at Berkshire Hathaway and Bristol Myers Squibb overwhelmingly rejected (98%) anti-diversity proposals this month, defying recent corporate trends and suggesting a strong link between diversity and financial performance.

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Gender Equality

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What is the significance of major shareholders overwhelmingly rejecting anti-DEI proposals, and what immediate impact does this have on corporate DEI strategies?

Shareholders at Berkshire Hathaway and Bristol Myers Squibb overwhelmingly rejected anti-DEI proposals, with 98% voting against them. This counters recent corporate trends to reduce DEI initiatives and shows shareholders prioritize financial performance, which studies link to workplace diversity.

sueddeutsche.de

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May 18, 16:10

Tesla Raises Lawsuit Threshold After $100 Billion Musk Compensation Ruling

Tesla CEO Elon Musk significantly raised the threshold for shareholder lawsuits after a Delaware court ruled his $100 billion stock compensation package unlawful due to undisclosed conflicts of interest; Tesla's move to Texas allowed this change.

Tesla Raises Lawsuit Threshold After $100 Billion Musk Compensation Ruling

Tesla CEO Elon Musk significantly raised the threshold for shareholder lawsuits after a Delaware court ruled his $100 billion stock compensation package unlawful due to undisclosed conflicts of interest; Tesla's move to Texas allowed this change.

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Reduced Inequality

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What are the immediate consequences of Tesla raising the threshold for shareholder lawsuits against Elon Musk?

Elon Musk, Tesla CEO, significantly raised the threshold for shareholder lawsuits against him following a lawsuit that could cost Tesla approximately $100 billion in stock. This lawsuit challenged Musk's 2018 compensation package, which granted him 300 million shares at 2018 prices upon meeting certain performance goals. Tesla exceeded these goals faster than anticipated, making the package worth over $100 billion today.

bbc.com

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May 16, 16:10

Ofwat to Block Water Company Bonuses

The UK water industry regulator Ofwat will be able to block bonuses at water companies from next month under new rules designed to improve environmental performance and financial management, impacting Thames Water's planned retention payments and potentially clawing back past bonuses.

Ofwat to Block Water Company Bonuses

The UK water industry regulator Ofwat will be able to block bonuses at water companies from next month under new rules designed to improve environmental performance and financial management, impacting Thames Water's planned retention payments and potentially clawing back past bonuses.

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Clean Water and Sanitation

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What immediate impact will Ofwat's new bonus ban have on Thames Water and other UK water companies?

The UK's largest water company, Thames Water, might face a block on bonuses under new rules from the industry regulator Ofwat, starting next month. These rules prevent the use of any funding source, including shareholder or lender funds, for bonuses if environmental or financial standards aren't met. Thames Water claims its upcoming payments are retention payments, not performance-based bonuses, therefore unaffected by the new regulations.

forbes.com

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May 14, 19:13

JBS's Controversial NYSE Listing Amidst Bribery and Environmental Allegations

JBS, the world's largest meatpacker, is preparing for a New York Stock Exchange listing despite its owners' history of bribery and allegations of illegal land exploitation in the Amazon rainforest; a subsidiary donated $5 million to Donald Trump's inaugural fund.

JBS's Controversial NYSE Listing Amidst Bribery and Environmental Allegations

JBS, the world's largest meatpacker, is preparing for a New York Stock Exchange listing despite its owners' history of bribery and allegations of illegal land exploitation in the Amazon rainforest; a subsidiary donated $5 million to Donald Trump's inaugural fund.

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How did the $5 million donation from Pilgrim's Pride to the Trump inauguration influence the resolution of SEC concerns regarding JBS?

The Batista brothers' past legal troubles, including bribery charges and jail time, haven't prevented JBS's push for a US listing. Their subsidiary's significant donation to the Trump inaugural fund coincided with a resolution of SEC concerns. A Freedom of Information Act request reveals allegations of illegal land exploitation in the Amazon by JBS, which the company denies.

smh.com.au

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May 14, 10:10

ASIC Sues Macquarie Bank for Alleged 14-Year Misreporting of Short Sales

ASIC is suing Macquarie Bank for allegedly misreporting the number of short sales traded over 14 years, following multiple regulatory actions in the past year; the potential fine could exceed $700 million.

ASIC Sues Macquarie Bank for Alleged 14-Year Misreporting of Short Sales

ASIC is suing Macquarie Bank for allegedly misreporting the number of short sales traded over 14 years, following multiple regulatory actions in the past year; the potential fine could exceed $700 million.

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What are the immediate consequences of ASIC's lawsuit against Macquarie Bank for alleged misreporting of short sales over 14 years?

ASIC, Australia's corporate regulator, has filed a lawsuit against Macquarie Bank, alleging a 14-year pattern of misreporting short sales. This follows multiple regulatory actions against the bank in the past year, indicating systemic compliance failures. The potential fine could exceed $700 million, significantly impacting Macquarie's reputation.

theguardian.com

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May 13, 19:13

Thames Water Faces Insolvency, Executive Bonuses Spark Outrage

Thames Water, facing potential insolvency with only five weeks of cash reserves, is seeking a takeover bid from KKR amid executive bonus payouts and the threat of water restrictions due to drought; a government bailout of up to £5 billion is possible.

Thames Water Faces Insolvency, Executive Bonuses Spark Outrage

Thames Water, facing potential insolvency with only five weeks of cash reserves, is seeking a takeover bid from KKR amid executive bonus payouts and the threat of water restrictions due to drought; a government bailout of up to £5 billion is possible.

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Clean Water and Sanitation

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What are the immediate consequences of Thames Water's near-insolvency, and what is the potential impact on the UK government?

Thames Water, the UK's largest water company, narrowly avoided insolvency, possessing only five weeks' worth of cash. Executives are in line for substantial bonuses despite this near collapse, sparking public outrage. The company is seeking a buyer, with KKR being the sole remaining bidder.

forbes.com

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May 19, 19:11

Boards Must Proactively Address CEO Health Concerns

This article discusses the importance of boards of directors proactively addressing concerns about the health and age of their CEOs, highlighting the need for robust continuity plans and leadership development to mitigate potential crises.

Boards Must Proactively Address CEO Health Concerns

This article discusses the importance of boards of directors proactively addressing concerns about the health and age of their CEOs, highlighting the need for robust continuity plans and leadership development to mitigate potential crises.

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Good Health and Well-being

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How can boards address concerns about a CEO's age and potential cognitive decline without causing offense or discrimination?

Ignoring a CEO's age or potential cognitive decline due to sensitivity can create slow-simmering crises. Early-stage neurodegenerative disorders subtly impact leadership long before diagnosis, often misattributed to stress. Resistance to change, delayed succession planning, and clinging to outdated strategies are further red flags.

zeit.de

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May 16, 16:10

VW CEO Blume Defends Dual Role Amidst Shareholder Criticism

Volkswagen CEO Oliver Blume defended his dual role leading VW and Porsche at the company's virtual annual general meeting despite criticism from shareholders concerned about his ability to effectively manage both companies during a period of significant challenges, including cost-cutting measures re...

VW CEO Blume Defends Dual Role Amidst Shareholder Criticism

Volkswagen CEO Oliver Blume defended his dual role leading VW and Porsche at the company's virtual annual general meeting despite criticism from shareholders concerned about his ability to effectively manage both companies during a period of significant challenges, including cost-cutting measures re...

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Decent Work and Economic Growth

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What are the immediate consequences of Oliver Blume's continued dual leadership of Volkswagen and Porsche, given the current challenges facing both companies?

Volkswagen CEO Oliver Blume faced criticism at the annual general meeting for his dual role leading both VW and Porsche. Shareholder representatives called for him to focus on one job, citing the challenges facing both companies. Blume defended the arrangement, but acknowledged it's not permanent and the decision rests with the supervisory board.

cincodias.elpais.com

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May 15, 19:11

MasOrange Appoints New HR Director After Contentious Restructuring

MasOrange appointed Mireia Vidal as its new HR director, replacing Mónica Allés following a challenging restructuring that resulted in 609 job losses (473 voluntary, 136 forced) and subsequent legal challenges.

MasOrange Appoints New HR Director After Contentious Restructuring

MasOrange appointed Mireia Vidal as its new HR director, replacing Mónica Allés following a challenging restructuring that resulted in 609 job losses (473 voluntary, 136 forced) and subsequent legal challenges.

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Decent Work and Economic Growth

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How did internal conflict and legal challenges surrounding the restructuring impact the decision to appoint a new HR director?

The change in HR leadership comes after a contentious restructuring process marked by internal conflict and legal challenges. The plan, initially targeting 795 employees, ultimately led to 650 job cuts, despite union opposition to the lack of guaranteed voluntary departures and lower severance payments compared to a 2021 restructuring. The legal challenges were ultimately unsuccessful.

smh.com.au

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May 14, 01:10

Tesla Board Chair Sells $198 Million in Stock Amidst Company Challenges

Tesla board chair Robyn Denholm sold $US198 million in company stock over six months, totaling over $US530 million since 2018, raising concerns about her confidence in Tesla's future amid declining profits and CEO Elon Musk's political activities.

Tesla Board Chair Sells $198 Million in Stock Amidst Company Challenges

Tesla board chair Robyn Denholm sold $US198 million in company stock over six months, totaling over $US530 million since 2018, raising concerns about her confidence in Tesla's future amid declining profits and CEO Elon Musk's political activities.

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Reduced Inequality

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How do Robyn Denholm's stock sales compare to those of other board chairs at major US companies, and what factors contributed to this disparity?

Denholm's substantial profits contrast sharply with the performance of other board chairs at major US companies. Her sales came as Tesla faced challenges, including declining car sales partly attributed to Musk's political activities, and a drop in quarterly profit to its lowest level in four years. This raises concerns among investors, like New York City's comptroller, who oversee significant Tesla shareholdings.

sueddeutsche.de

🌐 75% Global Worthiness

May 14, 19:13

BMW's In-Person Shareholder Meeting After Five Years Addresses Economic Concerns

BMW held its first in-person shareholder meeting in five years in Munich on May 24, 2024, attracting around 3,000 attendees who voiced concerns about US tariffs and China's economic slowdown; long-time Supervisory Board Chairman Norbert Reithofer retired, and the company secured approval for virtual...

BMW's In-Person Shareholder Meeting After Five Years Addresses Economic Concerns

BMW held its first in-person shareholder meeting in five years in Munich on May 24, 2024, attracting around 3,000 attendees who voiced concerns about US tariffs and China's economic slowdown; long-time Supervisory Board Chairman Norbert Reithofer retired, and the company secured approval for virtual...

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Decent Work and Economic Growth

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How did the departure of long-time Supervisory Board Chairman Norbert Reithofer influence the decision to hold an in-person meeting, and what is the significance of his successor's appointment?

The decision to hold a physical meeting stemmed from a desire for direct communication and engagement with shareholders during times of significant change, as highlighted by both CEO Zipse and Supervisory Board Chairman Norbert Reithofer. Reithofer's farewell after 38 years with the company also contributed to the decision to hold a face-to-face meeting.

news.sky.com

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May 13, 19:13

Thames Water Apologizes Amidst Service Failures and £19 Billion Debt

Thames Water, supplying 16 million customers, apologized for service disruptions including a boil water notice and 40% more sewage spills in 2024, while defending staff bonuses despite a £19 billion debt.

Thames Water Apologizes Amidst Service Failures and £19 Billion Debt

Thames Water, supplying 16 million customers, apologized for service disruptions including a boil water notice and 40% more sewage spills in 2024, while defending staff bonuses despite a £19 billion debt.

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Clean Water and Sanitation

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How does the disparity between executive bonuses and frontline worker compensation contribute to the ongoing challenges faced by Thames Water?

The apology follows years of customer service failures, highlighting the disconnect between executive compensation and operational performance. Despite a massive debt burden, Thames Water defended bonus payments to retain staff in a competitive market. This raises concerns about corporate priorities and resource allocation.

Showing 25 to 36 of 211 results