Tag #Corporate Governance

smh.com.au
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ASIC Sues Rex Directors for Misleading Shareholders

Australia's third-largest airline, Rex, faces legal action from ASIC for misleading shareholders about its financial prospects in February 2023, following a boardroom coup, administration, and an \$80 million government bailout; four directors, including the chairman, face potential fines and disqua...

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48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Murdoch's Plan to Control News Corp Rejected by Nevada Court

A Nevada court rejected Rupert Murdoch's plan to give his son Lachlan sole control of News Corp, potentially altering the future direction of the media empire and impacting its conservative media content and business operations.

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56% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Activist Investor Targets Rio Tinto's Dual-Listed Structure

Palliser Capital is urging Rio Tinto to dissolve its dual-listed structure, citing a \$78 billion cost and \$37.5 billion valuation gap, while acknowledging key differences between Rio Tinto and BHP's successful restructuring.

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40% Bias Score

Reduced Inequality
faz.net
🌐 75% Global Worthiness
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Thyssenkrupp CFO Departs Amidst Restructuring, Deutsche Börse Announces Leadership Changes

Klaus Schulte, Thyssenkrupp's CFO, will join Deutsche Börse's executive board on January 1, 2025, while Thyssenkrupp faces further leadership departures amid a planned reduction of 11,000 jobs in its steel division by 2030, and Deutsche Börse appoints Christian Kromann and Clara-Christina Streit to ...

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8% Bias Score

Decent Work and Economic Growth
abcnews.go.com
🌐 85% Global Worthiness
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Delaware Judge Permanently Blocks $56 Billion Tesla Pay Package for Elon Musk

A Delaware judge has permanently blocked a $56 billion compensation package for Tesla CEO Elon Musk, rejecting Tesla's appeal and citing sham negotiations and conflicts of interest; Tesla plans to appeal to the Delaware Supreme Court.

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44% Bias Score

Reduced Inequality
faz.net
🌐 75% Global Worthiness
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Hugo Boss CEO Under Insider Trading Investigation

Hugo Boss CEO Daniel Grieder faces an insider trading investigation for a plan to acquire the company through a holding company, causing shareholder concern and raising questions about corporate governance in Germany.

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52% Bias Score

Reduced Inequality
sueddeutsche.de
🌐 75% Global Worthiness
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Siemens Appoints New Supervisory Board Chairman, Plans Virtual Shareholder Meeting

Siemens appoints Mark Schneider as its new Supervisory Board Chairman following his unexpected departure from Nestlé, aiming for a smooth two-year transition; the company also plans to hold its 2025 annual general meeting virtually.

Progress

48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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ANZ CEO Resigns Amid Governance Scandal; Matos Appointed

ANZ CEO Shayne Elliott resigned after nine years, replaced by Nuno Matos, effective July 3, to manage the $4.9 billion Suncorp acquisition and address corporate governance concerns stemming from a bond trading scandal and resulting penalties.

Progress

48% Bias Score

Decent Work and Economic Growth
faz.net
🌐 65% Global Worthiness
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"2023 Dax Supervisory Board Compensation: Diekmann, Pötsch Top Earners, Volkswagen Leads in Total Pay"

"A 2023 DSW study reveals Michael Diekmann of Allianz (€759,000) and Hans Dieter Pötsch of Volkswagen (€676,000) as top-earning Dax supervisory board members, while the highest-paid women received €450,000 each; Volkswagen leads in total supervisory board compensation with €7.5 million, and all Dax ...

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32% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 85% Global Worthiness
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Stellantis CEO Carlos Tavares Earned €36.5 Million in 2023

Carlos Tavares, former Stellantis CEO, received €36.494 million in compensation in 2023, 518 times the average employee salary, despite declining shareholder approval; Stellantis will appoint a new CEO by the first half of 2025.

Progress

48% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Wife of Ex-WiseTech CEO Takes 50% Stake in His Investment Firm Amidst Ethical Concerns

Richard White, after resigning from WiseTech Global, appointed his wife Zena Nasser as 50% owner of his investment firm, RealWise Group Holdings DT Pty Ltd, which owns assets including an anti-money laundering startup and properties linked to Nasser's ex-husband, raising concerns about overlapping p...

Progress

72% Bias Score

zeit.de
🌐 85% Global Worthiness
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Delaware Judge Blocks Elon Musk's Tesla Compensation Package

A Delaware judge blocked Tesla CEO Elon Musk's multi-billion dollar compensation package, citing his undue influence on the 2018 stock distribution and lack of shareholder transparency regarding his relationships with Tesla board members; Tesla plans to appeal.

Progress

52% Bias Score

Reduced Inequality