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    1. Delaware Bankruptcy Court Rules that Shareholder Cannot Enforce “Golden Share” Blocking Right to Dismiss Bankruptcy Filed Without its Consent

      Delaware Bankruptcy Court Rules that Shareholder Cannot Enforce “Golden Share” Blocking Right to Dismiss Bankruptcy Filed Without its Consent

      As the COVID-19 pandemic continues to disrupt businesses and markets, and companies begin to look to bankruptcy courts for relief from the resulting liquidity and operational distress, the issue of creditor and shareholder “blocking rights” seems likely to become an important topic as parties attempt to protect their investments...

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    2. WeWork is Set to Vote on Adding 2 New Independent Board Members After Big Investors Suing SoftBank Unsuccessfully Tried to Stop It

      WeWork is Set to Vote on Adding 2 New Independent Board Members After Big Investors Suing SoftBank Unsuccessfully Tried to Stop It
      • WeWork's board is set to vote on Friday to add two temporary independent directors to the SoftBank-controlled board.
      • The duo, who bring deep business and legal expertise, would decide whether the current lawsuit against SoftBank can continue.
      • A pair of current board members – the only non-SoftBank-affiliated directors – contested the additions in court on Wednesday, arguing that the process would hurt WeWork's minority shareholders...
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    3. Tuesday Morning Corporation Files Chapter 11 to Pursue Financial and Operational Reorganization

      Tuesday Morning Corporation Files Chapter 11 to Pursue Financial and Operational Reorganization

      Tuesday Morning Corporation (NASDAQ: TUES) today announced it will pursue financial and operational reorganization designed to allow the Company to reduce its outstanding liabilities and strengthen its overall financial position. These actions are in response to the immense strain the COVID-19 pandemic and related store closures have put on the business...

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    4. Compensation and Human Capital Corporate Actions in Response to Covid-19

      Compensation and Human Capital Corporate Actions in Response to Covid-19

      Informative Alert from our BoardRoom Resource Partner, Compensation Advisory Partners (CAP), setting forth specific compensation and human capital issues which corporations have taken to ensure their short-term and long-term viability while continuing to support their employees, customers, and the community at large...

      https://files.constantcontact.com/bae32c69501/a87f438b-6ba0-4c7e-8cf7-d55a3ebaa755.pdf

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    5. Influential Advisory Firm Urges Shareholders To Just Say No To Big Media And Big Tech Executive Pay Policies

      Influential Advisory Firm Urges Shareholders To Just Say No To Big Media And Big Tech Executive Pay Policies

      Institutional Shareholder Services, an influential de facto corporate watchdog, is advising stockholders to vote no on executive compensation for NetflixComcastand Google parent Alphabet at annual meetings this week and next, while slamming the pay criteria at Facebook...

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    6. Facebook is About to Hold its Annual Shareholder Meeting, But There's Only One Shareholder Who Matters: Mark Zuckerberg

      Facebook is About to Hold its Annual Shareholder Meeting, But There's Only One Shareholder Who Matters: Mark Zuckerberg
      • Facebook is holding its annual shareholder meeting on Wednesday.
      • Due to the pandemic, the meeting will be virtual for the first time.
      • Shareholders are calling for Zuckerberg to relinquish his position as board chair and appoint an independent figure to the role.
      • But Zuckerberg's total control of the company through his shares makes the proposal certain to fail.
      • Facebook has talked about the importance of independent oversight in other areas, but Zuckerberg has the final say...
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    7. MatriSys Bioscience Inc. is Pleased to Announce That Magda Marquet PhD Has Been Appointed Chairwoman of MatriSys’ Board of Directors

      MatriSys Bioscience Inc. is Pleased to Announce That Magda Marquet PhD Has Been Appointed Chairwoman of MatriSys’ Board of Directors

      SAN DIEGO, May 26, 2020 (GLOBE NEWSWIRE) -- MatriSys Bioscience, Inc., a leader in the field of microbiome-based therapeutics, is pleased to announce that Magda Marquet PhD has been appointed Chairwoman of MatriSys’ Board of Directors...

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    8. CyVolve Adds Ex CISCO SVP to Board of Directors

      CyVolve Adds Ex CISCO SVP to Board of Directors

      VIENNA, Va.May 26, 2020 /PRNewswire/ -- Innovative data security provider, CyVolve, has further strengthened its Board of Directors with a new, key, appointment. John N. Stewart, the former SVP Chief Security and Trust Officer at CISCO, is to bring his more than 30 years of senior experience in the cyber security industry to CyVolve, becoming its new Chairman of the Board...

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    9. SpringWorks Therapeutics Appoints Julie Hambleton, M.D. to its Board of Directors

      SpringWorks Therapeutics Appoints Julie Hambleton, M.D. to its Board of Directors

      STAMFORD, Conn., May 26, 2020 (GLOBE NEWSWIRE) -- SpringWorks Therapeutics, Inc. (Nasdaq: SWTX), a clinical-stage biopharmaceutical company focused on developing life-changing medicines for patients with severe rare diseases and cancer, today announced the appointment of Julie Hambleton, M.D. to the Company’s Board of Directors...

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