1. Articles in category: BoardNews

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    1. BP Targeted With First Shareholder Resolution on Climate Goals

      BP Targeted With First Shareholder Resolution on Climate Goals

      LONDON (Reuters) - Pressure on oil companies to tackle climate change is growing after an activist group for the first time filed a shareholder resolution urging BP to set hard targets for reducing overall carbon emissions. Follow This, a Dutch organisation that spearheaded a number of climate shareholder resolutions at Royal Dutch Shell AGMs over the past three years said it also filed one with the Anglo-Dutch company for 2019...

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    2. More U.S. University Presidents Rake in Millions of Dollars

      More U.S. University Presidents Rake in Millions of Dollars

      (Bloomberg) -- As tuition continues to rise and the U.S. student debt crisis intensifies, some private college presidents are bringing home more money than ever. Sixty-one of them, to be exact, are being paid more than $1 million. That figure, from the Chronicle of Higher Education’s ranking of compensation for the heads of U.S. colleges, is up from the previous year’s total of 58 million-dollar winners...

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    3. Motability Firm Boss Quits After News of £2.2M Bonus

      Motability Firm Boss Quits After News of £2.2M Bonus

      The Motability scheme enables disabled people to lease adapted cars by using by their enhanced mobility disability benefits – either disability living allowance or its successor, personal independence payment. Photograph: Andrew Matthews/PA More The boss of the business that leases cars to people with disabilities on behalf of the Motability charity is stepping down after it emerged he is set to receive a £2.2m bonus on top of his seven-figure salary...

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    4. Trade War Move? Authorities Detain Chinese Huawei Tech Officer in Canada

      Trade War Move? Authorities Detain Chinese Huawei Tech Officer in Canada

      In a move reportedly initiated by the United States, Canadian authorities detained Meng Wanzhou, chief financial officer for Huawei Technologies of China, Dec. 1 in Vancouver, British Columbia. She faces extradition to the U.S. According to CBS News , the U.S. Justice Department declined to comment. China’s Foreign Ministry demanded Meng’s release on Thursday and said neither Canadian nor U.S. officials have offered a reason for her detention...

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    5. Clayton Says SEC to Focus on Rules for Financial Professionals, Proxy Process

      Clayton Says SEC to Focus on Rules for Financial Professionals, Proxy Process

      Jay Clayton, the Trump-appointed chairman of the Securities and Exchange Commission, on Thursday outlined his priorities for next year, which include new rules for financial professionals and improving the proxy process. The 2019 “Reg Flex” agenda focuses on the “initiatives we reasonably expect to complete” said Clayton. He told an audience at Columbia University on Thursday that the regulator is more productive, advancing 88% of the rules on its short term agenda this year...

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      Mentions: Investors SEC IPO
    6. Facebook's Board Backs COO Sheryl Sandberg Over Her Calls to Investigate George Soros

      Facebook's Board Backs COO Sheryl Sandberg Over Her Calls to Investigate George Soros
      • Facebook's board has come out in support of COO Sheryl Sandberg.
      • Sandberg has been under heavy criticism over her involvement in efforts to investigate George Soros and critics of Facebook.
      • "When a well-known and outspoken investor attacks your company publicly, it is fair and appropriate to do this level of diligence," the board said.

      Facebook's board has chief operating officer Sheryl Sandberg's back...

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    7. ‘They have a pulse now’: Investors like Hudson’s Bay CEO Helena Foulkes’ ‘Drastic Moves’

      ‘They have a pulse now’: Investors like Hudson’s Bay CEO Helena Foulkes’ ‘Drastic Moves’

      Pursued by an activist investor and tallying a $164 million net loss in its third quarter, Hudson’s Bay Co. still managed to stir up some enthusiasm among industry analysts and investors after its earnings release Wednesday. The reason for hope, says one industry observer, is the company’s new chief executive, Helena Foulkes. By no means are they out of the woods yet “They have a pulse now,” said Bruce Winder, partner at Retail Advisors Network...

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    8. Adviser Backs Paulson’s Proposals in Detour Proxy Fight

      Adviser Backs Paulson’s Proposals in Detour Proxy Fight

      Proxy adviser Glass Lewis on Wednesday backed Paulson & Co.’s call to overhaul Detour Gold Corp.’s board, days after another adviser stopped short of recommending more aggressive changes demanded by the activist investor. Detour’s existing management has been resisting Paulson’s push for a board shakeup and the immediate dismissal of interim chief executive officer Michael Kenyon and chairman Alex Morrison. Paulson has about 6 per cent stake in Detour...

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    9. Japan Slides in Key Asia Corporate Governance Ranking, Ties With India

      Japan Slides in Key Asia Corporate Governance Ranking, Ties With India

      (Reuters) - Japan slid three places to seventh in a widely watched ranking of corporate governance in Asia, tying with India but languishing behind the likes of Thailand and Malaysia. The fall is part of a biennial survey by the Asian Corporate Governance Association (ACGA) and CLSA, the Asia-focused brokerage, and comes as governance in Japan is in the spotlight following the arrest last month of Nissan...

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    10. Nissan Motor Board 'Should Have Known' About Ghosn Issues - Governance Activist

      Nissan Motor Board 'Should Have Known' About Ghosn Issues - Governance Activist

      HONG KONG (Reuters) - A leading corporate governance advocate said the board of Japanese carmaker Nissan must accept collective responsibility over alleged disclosure failings that led to the ousting of chairman Carlos Ghosn. The remarks by Jamie Allen, secretary-general of the Asian Corporate Governance Association (ACGA), come as a biennial survey by the ACGA and CLSA, an Asia-focused brokerage, showed Japan sliding three places to seventh in a regional ranking of governance standards - the worst decline in performance of any country. “If the chairman has been shown to be fraudulently disclosing information, then it’s not just the chairman that is ...

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    11. Angry Protesters Interrupted JPMorgan CEO Jamie Dimon During an Investor Conference in New York for Supporting Private Prisons

      Angry Protesters Interrupted JPMorgan CEO Jamie Dimon During an Investor Conference in New York for Supporting Private Prisons
      • Protesters interrupted JPMorgan CEO Jamie Dimon's remarks at an investor conference on Tuesday.
      • Their demands centered on the bank's financing of the operators of private prisons, which are holding immigrant children detained at the US border.

      Protesters interrupted JPMorgan CEO Jamie Dimon's presentation at an investor conference Tuesday not once. But twice...

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