Can a new stock exchange backed by the Bay Area’s most powerful players take on the NYSE and Nasdaq?...
Advisors Sam Ogrizovich and Cristine Marik share how they integrated ESG into their practice...
The crisis unfolding at NMC Health, the Middle East’s largest hospital operator, has reignited the debate about the governance of overseas companies listing in London. The mystery of NMC’s ownership structure deepened on Monday after founder and co-chairman Bavaguthu Raghuram Shetty quit the board of the FTSE 100-listed company over concerns that he misreported his stake...
Remember the subprime mortgage crisis in the US, which occurred from 2007 to 2010? That was when reckless money lending practices triggered a ...
His priorities have included ESG initiatives such as improved corporate governance , increased gender diversity, and building a climate change ...
Liberals claim they’re troubled by corporate power. So why are they working to expand it? ‘Stakeholder capitalism” is officially here. That’s the fashionable notion that companies should serve not only their shareholders, but also other interests and society at large. Last month Airbnb’s leaders announced a new mandate that the company “benefit all our stakeholders over the long term,” including through tying executive compensation to the company’s social goals...
Corporate governance is at a critical juncture. The old-line, New York law firm classic board room legal defense efforts will continue. But clinging to ...
Boards at many organizations continue to comprise a rather predictable set of senior male executives. But businesses cannot compete globally, and meet higher-level stakeholder expectations, if this is allowed to continue...
After a career spent working on “very important backup plans,” Steve Mollenkopf has steered Qualcomm through one rough patch after another...
As an alternative, companies could include the new disclosure in a proxy section discussing general corporate governance best practices or next to ...
The “Shadow app” is a reminder of why board exercise oversight of innovation is needed, and how that oversight can be exercised...
It has been another busy year for the Delaware courts, with opinions issued in a number of key areas. The Delaware Supreme Court confirmed that Caremark claims, although generally very difficult to maintain, can survive a motion to dismiss...
Today, the accelerating pace and intensifying complexity of change are creating a fundamentally different operating reality that is putting the competitiveness and governance of many businesses to the test. NACD’s most recent Public Company Governance Survey found that looking forward to 2020, directors are most concerned about the impact of growing business-model disruptions, the slowing global economy, increased competition for talent, changing cybersecurity threats, and rapid technology changes...
In my work with the compensation committees of boards of directors, as both an internal compensation expert as well as an external consultant, I've found that the most effective committees have certain qualities and behaviors in common. If you want to maximize your performance as a compensation committee member, here's my best advice...
With the 2020 proxy season around the corner, we have prepared a brief review of key corporate governance trends that can inform how you frame your company’s prior-year performance and objectives for the coming year. We focus on the top five trends gleaned from 2019 proxy statements to ensure our clients and other company leaders have the tools they need to successfully navigate this important regulatory terrain...
We reached out to a corporate governance organization, investors, financial analysts, industry veterans, and Tripadvisor itself to get a reading on the ...
As I explain below, the Economic Analysis does not provide an acceptable basis for SEC rulemaking in this area. The Economic Analysis fails to adequately analyze the costs and benefits of the proposed rule, as well as its effects on efficiency, competition and capital formation; overlooks significant effects and issues; and does not use evidence that is available or could be obtained...
If current trends hold, eventually stock-retention requirements for CEOs may be almost as universal as equity ownership requirements...
Let’s start with one fundamental fact: Directors do not actually manage corporations. That job falls instead to full-time managers: the chief executive and his or her subordinates. Why, then, do corporations have a board of directors? ...
Gender diversity in the board room is a key driver of corporate innovation, according to researchers at the University of Virginia Darden School of Business and the University of British Columbia Sauder School of Business...
Might the investment bank's new policy to avoid IPOs of companies without at least one diverse board member not be quite as good as it looks? David McCann Goldman Sachs has gotten plenty of ink since last week, after CEO David Solomon said in Davos, Switzerland, that the investment bank won’t take a company public unless it has at least one woman or person of color on its board of directors. Most of the ink was positive . But there were exceptions that provided food for thought...
The U.S. Securities Exchange Commission is trying to change the rules that govern shareholder proposals and sustainable finance luminaries are pushing back...
Struggling Potbelly Sandwich Shop has another activist investor potentially ready to pressure the sandwich chain to shift its strategy...
Amid a long-running bull market, it can be easy to forget that trust in our market system is built on the subtle rules that guide interactions. Now, a crucial investor safeguard is under attack by the very institution whose mission it is to protect investors and promote transparency...