1. Articles in category: BoardNews

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    1. Carl Icahn Issues the Following Statement

      /PRNewswire/ -- Carl Icahn today issued the following statement: Last year we conducted a proxy contest that revealed serious corporate governance flaws at Forest Labs.  In response to these revelations, as part of last year's proxy contest, Forest promised shareholders that it would task an independent committee of directors with selecting, engaging and consulting with a corporate governance expert and then making recommendations for corporate governance reform.  Nearly two months ago, we reque

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    2. U.Va. board prepares to meet amid alumni criticism about poor governance

      As the University of Virginia’s Board of Visitors prepares to meet for the first time next week since the attempted ouster of President Teresa Sullivan threw the campus into turmoil in June, a group of alumni issued a letter accusing the board of breaching its corporate duties. Although Sullivan was reinstated 16 days after her forced resignation, the letter sent to the board on Wednesday says “… The crisis is not over. It will not end until the board acknowledges publicly that U.Va suffered a s

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    3. Need for the right independent directors and auditors

      The gross corporate misdemeanors reported by Indian and overseas financial analysts make it imperative to revisit the process of appointment of independent directors and auditors—statutory and internal The CBDT (Central Board of Direct Taxes) chairman-headed report on black money suggestion to set up a regulator to empanel statutory auditors for corporate India is a long overdue solution to the gross financial irregularities resulting in massive corporate frauds in GTB, Satyam and now Addidas-Re

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    4. Group of Alumni Voice Concern About UVA Board Of Visitors

      Group of Alumni Voice Concern About UVA Board Of Visitors

      Fourteen University of Virginia gradutes who call themselves "concerned alumni" have written a letter that says the crisis the Board of Visitors created by firing President Teresa Sullivan has not been reconciled satisfactorily. They say the essential working relationships within the University’s leadership are still impaired and remain in limbo, and damage continues to the University’s reputation and operations. The group believes G

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    5. OSFI updates Corporate Governance Guidelines with proposals around risk

      management TEXT SIZE bigger text smaller text 2012-08-07 Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is seeking comment on its Draft Revisions to the Corporate Governance Guideline, which, among other things, emphasizes the commitment of the organization to risk management principles. The draft revisions update OSFI’s current corporate governance principles, which have n

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    6. Forest Laboratories Sends Letter to Shareholders

      NEW YORK--(BUSINESS WIRE)--Forest Laboratories, Inc. (NYSE: FRX) (“Forest”) today announced that its Board of Directors is sending a letter to all Forest shareholders in connection with the Company’s Annual Meeting on August 15, 2012. The letter details the strength of Forest’s strategy, the significant progress it has made over the last year and why the current Board of Directors is the right ...

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    7. Quality Systems, Inc. Sends Letter to Shareholders Detailing Proxy Governance

      Firms Recommendations ISS, Glass-Lewis and Egan-Jones All Recommend QSI Shareholders Vote White Proxy Card August 06, 2012 07:03 AM Eastern Daylight Time IRVINE, Calif.--(BUSINESS WIRE)--Quality Systems, Inc. (NASDAQ:QSII) announced today that it has sent a letter to all shareholders ahead of the upcoming annual meeting of shareholders on August 16, 2012. In the letter, QSI provides details on the recommendations of t

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    8. Corporate Governance and the Old Boys' Network

      RESEARCH: When BTR acquired Thomas Tilling in 1983 it was the largest hostile takeover in British history.  Within weeks Tilling’s CEO, the late Sir Patrick Meaney, re-emerged from this corporate disaster to become Chairman of The Rank Organization, a job he combined with Deputy Chairmanships of The Midland Bank, and the Horserace Betting Levy Board, and Chairman of Mecca Leisure. Twenty years on, in the age of the Corporate Governance Code, does this sort of thing still go on?  In a recent pape

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    9. CalSTRS 2012 Proxy Season Successful in Advancing Majority Voting

      WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--CalSTRS, the California State Teachers' Retirement System, reports overwhelming success regarding adopting a majority voting standard in director elections with the 95 companies engaged in the 2012 proxy season. Eighty-two of those companies adopted a majority voting standard. The majority voting standard requires that a sitting board member receive a ...

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    10. Calata trade probe: A pro-investor move?

      Calata trade probe: A pro-investor move?

      MANILA, Philippines - Following corporate governance concerns in the past years, key reforms implemented by the Philippine Stock Exchange (PSE) to boost investor protection are starting to bear fruit. Regulators are investigating trading in a newly listed firm, whose share price spiked over threefold two weeks after its market debut. And unlike in the past, one factor is absent in this probe: conflict of interest. The Securities and Exchange Commission (SEC) confirmed in a text message to report

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    11. Frontier Acquisition Corp. Announces Proposed Qualifying Transaction Comprised of the Acquisition of the Tuccaro Group ...

      CALGARY, Aug. 1, 2012 /CNW/ - Frontier Acquisition Corp. (TSX-V: FFF.P) (the "Corporation" or "Frontier") is pleased to announce that on August 1, 2012 it entered into a definitive arms-length agreement (the "Agreement") with Tuccaro Inc. ("Tuccaro"), Neegan Development Corporation...

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