1. Articles in category: BoardNews

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    1. Russian official reassures TNK-BP shareholders

      Russian official reassures TNK-BP shareholders

      Russia's deputy prime minister said Thursday that Rosneft's CEO has assured him the interests of disgruntled minority shareholders in oil firm TNK-BP would be respected. 

      International investors holding some 5 percent in TNK-BP have seen the value of their shares halve since Rosneft agreed to buy the company from a group of Russian billionaires and British company BP. The minority shareholders have been left in limbo, with Rosneft showing no sign of wanting to take over the remaining shares and investors unable to find other buyers for their stakes.

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    2. NII Holdings Announces Corporate Governance Changes

      NII Holdings Announces Corporate Governance Changes

      NII Holdings, Inc. (NASDAQ: NIHD), a provider of differentiated mobile communications services operating under the Nextel brand in Latin America, announced today that its Board of Directors has approved changes pertaining to its corporate governance at meetings held in conjunction with its annual meeting of stockholders in Mexico City on May 22, 2013.

      After careful consideration, the Board determined that it was in the best interests of the Company to separate the positions of chairman of the Board and chief executive officer and has elected director Kevin Beebe to serve as its independent, non-executive chairman effective May 22, 2013.

      In ...

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      Mentions: Chairman
    3. SEBI, India's capital market regulator, is 25

      The Securities and Exchange Board of India (SEBI) celebrates its silver jubilee Friday amid calls that the capital market regulator needs to follow global standards and improve market intelligence, technology and talent pool to beef up the enforcement processes, protect investors and allow the launch of more investment products.

      In recent months, the regulator has been seeking to strengthen insider-trading norms, expand its presence through branch offices, work with police and local enforcement agencies, improve corporate governance norms and boost control over deposit-taking firms.

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    4. Starboard Issues Open Letter To DSP Shareholders

       DSP announced its intent to declassify its Board of Directors beginning in 2014, its intent for Patrick Tanguy to replace Eliyahu Ayalon as non-executive Chairman, and its intent to adopt a stock ownership policy for members of the Board.

      The Chairman of the Nomination & Corporate Governance Committee, Dr. Reuven Regev, states in the Company's press release that, "... we believe these changes will be overwhelmingly endorsed by our Board of Directors."

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      Mentions: Chairman
    5. Rigrodsky & Long, P.A. Informs Shareholders of Magnum Hunter Resources Corporation of Upcoming Deadline

      Rigrodsky & Long, P.A., including former Special Assistant United States Attorney Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Magnum Hunter Resources Corporation between May 3, 2012 and April 16, 2013, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers.

      PricewaterhouseCoopers LLP identified certain issues that may have a material impact on the fairness or reliability of Magnum Hunter’s consolidated financial statements ...

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      Mentions: Chairman
    6. New CEO and Board Research from Stanford and The Miles Group: In Grading CEO Performance, Financials Still Dominate

      New CEO and Board Research from Stanford and The Miles Group: In Grading CEO Performance, Financials Still Dominate

      NEW YORK and STANFORD, Calif., May 22, 2013 /PRNewswire/ -- A new study conducted by the Center for Leadership Development and Research at Stanford Graduate School of Business, Stanford University's Rock Center for Corporate Governance, and The Miles Group reveals that boardrooms are giving poor grades to CEOs for their mentoring skills and board engagement – but still prioritize financial performance above all else.

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      Mentions: Chairman
    7. Dimon clings to JPMorgan chairman title, after fight

      Dimon clings to JPMorgan chairman title, after fight
      TAMPA (Florida), May 22 — Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities — he hinted he might quit. And it worked. At the bank’s annual meeting yeserday, JPMorgan shareholders voted down a proposal to strip Dimon of his chairmanship, giving the ...
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    8. Crest Financial Protests Clearwire's Delay of Vote on Sprint-Clearwire Merger and Urges Clearwire Board and ...

      Crest Financial Limited protested today's decision of the Clearwire Board of Directors to adjourn the Clearwire special meeting to consider Sprint's increased offer price of $3.40 per share.

      According to David K. Schumacher , Crest's General Counsel, "Sprint's decision to increase its offer price and request an adjournment reveals that Sprint was unable to secure a majority of the non-Sprint, 'minority' stockholder votes—even though Sprint attempted to pack that 'minority' with stockholders that are commercially tied to Sprint and Clearwire have already agreed to vote in favor of the merger and sell their shares to ...

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      Mentions: Chairman
    9. Uncertainty dogs ENRC's minority holders

      Shares in Eurasian Natural Resources Corp (ENRC) dipped on early trading after the Kazakh miner revealed that it had rejected an indicative combined cash/shares bid worth around £3.35bn to take the group private. Last month, the three billionaire co-founders of ENRC - Alexander Machkevitch, Alijan Ibragimov and Pathokh Chodiev - said they were considering buying out the group's minority shareholders as part of a consortium with the government of Kazakhstan.

       

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