1. Articles in category: BoardNews

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    1. GMI Ratings Governance Issue | Northrop Grumman Corp.

      Northrop Grumman Corp. has announced numerous changes to its staff, after repositioning among the company’s senior officers already contributed to a higher score in recent months measuring its governance risk to investors. The Falls Church, Va.-based defense contractor said James E. Pitts, the corporate vp and president of Northrop Grumman Electronic Systems since 2005, will retire December 31, 2012.  Gary W. Ervin, corporate vice president and president of Aerospace Systems since 2009, will ret

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    2. Broc Romanek is the editor of TheCorporateCounsel.net.

      Broc Romanek is the editor of TheCorporateCounsel.net.

      Broc Romanek July 24, 2012 With the benefit of a decade to judge its consequences, Sarbanes-Oxley is a mixed bag. Clearly, the law was not broad enough, as we still have plenty of governance failures that grace our headlines on nearly a daily basis. But as legislation goes, there doesn’t seem to be too much in the way of negative unintended consequences, particularly when compared with other acts of Congress. Even after Dodd-Frank was enacte

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      Mentions: Dodd-Frank
    3. Shareholder Class Action Filed Against Duke Energy Corporation By The Law Firm Of Kessler Topaz Meltzer & Check, LLP

      SAN FRANCISCO, July 24, 2012 /PRNewswire/ -- The following statement was issued today by the law firm of Kessler Topaz Meltzer & Check, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Eastern District of North...

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    4. RBI chief rues corporate governance deficit in public sector banks. Is there no

      The RBI should look at converting the PSBs into limited companies and take steps to amend the laws to make them more accountable to the public shareholders and comply with the listing guidelines, both in letter and spirit In a frank admission of corporate governance deficit in public sector bank (PSBs), Reserve Bank of India (RBI) governor, Dr D Subbarao, made a couple of very thoughtful remarks at a function organised to celebrate the completion of 30 years of National Bank for Agriculture and

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    5. Calpers, Calstrs Start Site to Help Companies Diversify Boards

      The two biggest U.S. pension funds have commissioned a website designed to help companies find corporate directors from different backgrounds and industries. The Diverse Director DataSource, or 3D, was introduced last week by the California Public Employees’ Retirement System and California State Teachers’ Retirement System at a press conference in New York. The pensions hired GMI Ratings to build and maintain the online database, which currently lists 400 potential board candidates, said GMI, a

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    6. OnMobile's governance woes: What went wrong?

      OnMobile's governance woes: What went wrong?

      OnMobile is trying to put a partial failure of corporate governance behind it. However, the episode has raised questions on what exactly went wrong. CNBC-TV18' Vineetha Athrey spoke to various people within and outside the company to piece it all together. OnMobile is trying to put a partial failure of corporate governance behind it. However, the episode has raised questions on what exactly went wrong. CNBC-TV18' Vineetha Athrey spoke to various people within and outside the company to piece it

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    7. Yahoo CEO’s pregnancy renews debate on working moms

      Yahoo CEO’s pregnancy renews debate on working moms By CAROLYN SAID San Francisco Chronicle Published Jul 21, 2012 06:33PM MDT Can Marissa Mayer have it all? Yahoo’s newly annointed CEO, 37, who is expecting her first child in October, personifies the high-wire, work-family balancing act that continues to confront women, a dilemma recently back on the national stage with the Atlantic magazine’s ...

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