Tag #Corporate Governance

Showing 97 to 108 of 211 results

lemonde.fr

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Mar 5, 10:09

Slow Progress in Gender Equality in French Company Leadership

The 2025 IFA-Ethics & Boards barometer reveals that while French companies have exceeded the 40% female representation target in administrative boards mandated by the 2011 Copé-Zimmermann law, progress in executive committees remains slow, highlighting a persistent 'glass ceiling' effect despite the...

Slow Progress in Gender Equality in French Company Leadership

The 2025 IFA-Ethics & Boards barometer reveals that while French companies have exceeded the 40% female representation target in administrative boards mandated by the 2011 Copé-Zimmermann law, progress in executive committees remains slow, highlighting a persistent 'glass ceiling' effect despite the...

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Gender Equality

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What is the current state of gender equality in French company leadership, specifically concerning the implementation of the Copé-Zimmermann and Rixain laws?

French companies are making progress in gender equality within their leadership, exceeding 2011's Copé-Zimmermann law targets of 40% female representation in administrative boards. However, progress is slower in executive committees and CEO positions.

theguardian.com

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Mar 4, 22:09

State Street quietly drops diversity policy, reflecting broader trend

State Street, known for its "Fearless Girl" statue promoting gender diversity, dropped its 30% female director requirement in its proxy voting policy, reflecting a broader trend of US companies retreating from diversity goals amid political and legal pressures.

State Street quietly drops diversity policy, reflecting broader trend

State Street, known for its "Fearless Girl" statue promoting gender diversity, dropped its 30% female director requirement in its proxy voting policy, reflecting a broader trend of US companies retreating from diversity goals amid political and legal pressures.

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Gender Equality

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What is the immediate impact of State Street's revised diversity policy on corporate board composition and gender equality?

State Street, the firm behind the Fearless Girl statue, removed its 30% female director requirement from its proxy voting policy. This follows a broader trend of US companies abandoning diversity goals, impacting board composition and potentially hindering progress toward gender equity.

theglobeandmail.com

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Mar 3, 19:10

Kroger CEO Resigns Amidst Investigation, Creating Uncertainty

Kroger CEO Rodney McMullen resigned on Monday following a board investigation into his personal conduct, unrelated to the company's finances or operations, creating uncertainty following a failed merger attempt and union criticism.

Kroger CEO Resigns Amidst Investigation, Creating Uncertainty

Kroger CEO Rodney McMullen resigned on Monday following a board investigation into his personal conduct, unrelated to the company's finances or operations, creating uncertainty following a failed merger attempt and union criticism.

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Decent Work and Economic Growth

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What is the immediate impact of Kroger CEO Rodney McMullen's resignation on the company and its stakeholders?

Kroger CEO Rodney McMullen resigned after a board investigation revealed personal conduct violations against company policy. The incident is unrelated to Kroger's financial health or operations and didn't involve employees. This follows the failed $25 billion Albertsons merger and a stock buyback plan that drew union criticism.

faz.net

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Feb 28, 16:10

Wirecard Lawsuit: Court Rejects EY's Inclusion

The Bavarian Supreme Regional Court rejected the inclusion of EY, Wirecard's auditor, in a large-scale investor lawsuit due to the absence of a direct link between the audit report and public market information, shifting responsibility to Wirecard, leaving individual lawsuits as the only remaining r...

Wirecard Lawsuit: Court Rejects EY's Inclusion

The Bavarian Supreme Regional Court rejected the inclusion of EY, Wirecard's auditor, in a large-scale investor lawsuit due to the absence of a direct link between the audit report and public market information, shifting responsibility to Wirecard, leaving individual lawsuits as the only remaining r...

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Reduced Inequality

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What are the immediate implications of the Bavarian Supreme Regional Court's decision regarding the inclusion of EY in the Wirecard investor lawsuit?

The Bavarian Supreme Regional Court rejected the attempts to include claims against EY, Wirecard's auditor, in a large-scale investor lawsuit. The court argued that a direct link between EY's audit report and public capital market information was missing, placing responsibility for publication on Wirecard itself. This decision significantly weakens the investor lawsuit, limiting potential for damage compensation from EY.

theguardian.com

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Feb 26, 01:10

Apple Shareholders Reject Anti-DEI Proposal

Apple shareholders rejected a proposal to end its diversity and inclusion programs, despite pressure from the Trump administration and legal challenges; Apple simultaneously announced a \$500 billion US investment and 20,000 new jobs.

Apple Shareholders Reject Anti-DEI Proposal

Apple shareholders rejected a proposal to end its diversity and inclusion programs, despite pressure from the Trump administration and legal challenges; Apple simultaneously announced a \$500 billion US investment and 20,000 new jobs.

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Gender Equality

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What is the significance of Apple shareholders rejecting the proposal to end its DEI programs?

Apple shareholders rejected a proposal urging the company to abandon its diversity, equity, and inclusion (DEI) initiatives, which are under scrutiny from the Trump administration. This decision follows a similar rejection of a similar proposal by Costco. Apple plans to invest \$500 billion in the US and create 20,000 jobs over the next five years.

forbes.com

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Feb 26, 10:09

Billionaire Sues Son for Control of Singapore Property Giant

Real estate tycoon Kwek Leng Beng sued his son, Sherman Kwek, CEO of City Developments Ltd. (CDL), for attempting to seize control of the company through board changes, following a 37% drop in 2024 net profit to S$201.3 million.

Billionaire Sues Son for Control of Singapore Property Giant

Real estate tycoon Kwek Leng Beng sued his son, Sherman Kwek, CEO of City Developments Ltd. (CDL), for attempting to seize control of the company through board changes, following a 37% drop in 2024 net profit to S$201.3 million.

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What is the immediate impact of the lawsuit on City Developments Ltd. (CDL)'s operations and shareholder confidence?

Kwek Leng Beng, executive chairman of City Developments Ltd. (CDL), has sued his son, Sherman Kwek, the company's CEO, over a boardroom dispute. The lawsuit alleges Sherman colluded with board members to make changes without proper vetting, attempting to seize control. CDL's 2024 net profit dropped 37% to S$201.3 million.

cincodias.elpais.com

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Mar 4, 13:12

Criteria Caixa Invests €1 Billion in Veolia, Securing Board Seat

Criteria Caixa announced a €1 billion investment for a 5% stake in Veolia, securing a board seat and resolving past conflicts, strengthening its diversified portfolio and fulfilling its 2025-2030 strategic plan.

Criteria Caixa Invests €1 Billion in Veolia, Securing Board Seat

Criteria Caixa announced a €1 billion investment for a 5% stake in Veolia, securing a board seat and resolving past conflicts, strengthening its diversified portfolio and fulfilling its 2025-2030 strategic plan.

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Responsible Consumption and Production

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How did past conflicts between Criteria Caixa and Veolia, particularly concerning Agbar, influence this recent investment decision?

This strategic move by Criteria Caixa signifies a shift from previous attempts to acquire Agbar directly. Following failed attempts to acquire Agbar, Criteria Caixa is now investing in Veolia, Agbar's parent company, to secure influence within the company's governance. This represents a significant investment in the utilities sector and reinforces Criteria Caixa's role as a stabilizing force in the economy.

forbes.com

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Mar 3, 10:13

CDL Shares Tumble Amidst Kwek Family Boardroom Battle

Shares of City Developments Ltd. (CDL) fell 2.9% on Monday after a three-day trading halt caused by a public dispute between chairman Kwek Leng Beng and CEO Sherman Kwek over the company's control, impacting investor confidence and highlighting corporate governance issues.

CDL Shares Tumble Amidst Kwek Family Boardroom Battle

Shares of City Developments Ltd. (CDL) fell 2.9% on Monday after a three-day trading halt caused by a public dispute between chairman Kwek Leng Beng and CEO Sherman Kwek over the company's control, impacting investor confidence and highlighting corporate governance issues.

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What is the immediate impact of the public boardroom battle on City Developments Ltd.'s share price and investor confidence?

City Developments Ltd. (CDL) shares dropped as much as 7% on Monday after a three-day trading halt due to a public boardroom dispute between chairman Kwek Leng Beng and CEO Sherman Kwek. Despite assurances that operations remained unaffected, the stock's fall reflects investor concern about the leadership conflict and its potential impact on the company's future. This is the lowest close since March 2009.

cincodias.elpais.com

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Feb 28, 19:10

Santander Increases Executive Pay Amidst Record Profits and Policy Changes

Banco Santander increased executive compensation by 10.5% in 2024 to 33.9 million euros, driven by record profits (12.574 billion euros) and strong stock performance (23% increase). The bank altered its remuneration policy to include a greater emphasis on long-term incentives and shareholder returns...

Santander Increases Executive Pay Amidst Record Profits and Policy Changes

Banco Santander increased executive compensation by 10.5% in 2024 to 33.9 million euros, driven by record profits (12.574 billion euros) and strong stock performance (23% increase). The bank altered its remuneration policy to include a greater emphasis on long-term incentives and shareholder returns...

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Reduced Inequality

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How did Banco Santander's 2024 financial performance and shareholder return influence the executive compensation increases?

The policy changes respond to feedback from the bank's 16 largest shareholders (24% of capital) and proxy advisors ISS and Glass Lewis. Key adjustments include increasing bonus payments in bank shares from 50% to 60%, and aligning 40% of bonuses with long-term objectives (up from 36%).

dailymail.co.uk

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Feb 27, 13:14

Slater + Gordon Scandal Deepens: Former Employee Denies Authorship of Malicious Email

A malicious email criticizing Slater + Gordon staff and containing salary information was sent from a private Gmail account last Friday; a former employee whose name appeared in the email's metadata denies authorship, while the firm's investigation clears the interim chief people officer and points ...

Slater + Gordon Scandal Deepens: Former Employee Denies Authorship of Malicious Email

A malicious email criticizing Slater + Gordon staff and containing salary information was sent from a private Gmail account last Friday; a former employee whose name appeared in the email's metadata denies authorship, while the firm's investigation clears the interim chief people officer and points ...

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Peace, Justice, and Strong Institutions

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What long-term implications could this incident have for Slater + Gordon's corporate culture, employee relations, and legal standing?

This incident could significantly damage Slater + Gordon's reputation and employee morale. The firm's response, including a forensic investigation and police referral, demonstrates the seriousness of the situation. Future implications may include legal action and heightened scrutiny of internal processes and data security measures.

dailymail.co.uk

🌐 85% Global Worthiness

Feb 26, 04:08

Unilever Abruptly Replaces CEO After Less Than Two Years

Unilever unexpectedly replaced CEO Hein Schumacher with finance chief Fernando Fernandez after less than two years, causing a 3 percent stock drop; the board cited a need for faster progress and expressed confidence in Fernandez's 'decisive' approach.

Unilever Abruptly Replaces CEO After Less Than Two Years

Unilever unexpectedly replaced CEO Hein Schumacher with finance chief Fernando Fernandez after less than two years, causing a 3 percent stock drop; the board cited a need for faster progress and expressed confidence in Fernandez's 'decisive' approach.

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Decent Work and Economic Growth

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What prompted Unilever's sudden CEO change, and what are the immediate consequences for the company?

Unilever unexpectedly replaced its CEO, Hein Schumacher, after less than two years, with finance chief Fernando Fernandez. This decision, made after a Monday board meeting, caused Unilever's stock to drop over 3 percent. The board cited a desire for faster progress toward 'best-in-class results'.

forbes.com

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Feb 25, 01:10

2025 Corporate Governance: Navigating Complexity and Uncertainty

In 2025, corporate boards face unprecedented challenges navigating political polarization, climate change impacts, and evolving social expectations, demanding transparent, substantive decision-making, as exemplified by Costco's successful defense of its DEI policies against a shareholder proposal (9...

2025 Corporate Governance: Navigating Complexity and Uncertainty

In 2025, corporate boards face unprecedented challenges navigating political polarization, climate change impacts, and evolving social expectations, demanding transparent, substantive decision-making, as exemplified by Costco's successful defense of its DEI policies against a shareholder proposal (9...

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What are the most significant challenges facing corporate boards in 2025, and how can they effectively navigate the complexities of political polarization, social pressures, and climate change impacts to ensure long-term success?

In 2025, corporate boards face increased complexity in decision-making due to shifting political landscapes and amplified societal pressures. Reactive approaches and vague communication are insufficient; transparent processes focused on substantive impact are crucial for navigating this challenging environment. Costco's successful defense of its DEI policies against a shareholder proposal, with 98% voting against removal, exemplifies this principle.

Showing 97 to 108 of 211 results