Mattel Inc.'s board and senior leadership were hit with a Delaware lawsuit claiming they spent years hiding deadly problems with the Fisher-Price Rock ‘n Play Sleeper before finally recalling it over baby deaths they’d long known about...
Facebook Inc. Chief Executive Officer Mark Zuckerberg took the unusual step on Friday of publicly broadcasting a weekly Q&A with employees. Over a live video feed, the CEO announced a series of updates to Facebook’s policies...
Companies and their boards are largely facing reopening decisions alone, and their decisions in the coming weeks and months will be fundamental to the companies’ survival...
The challenges of Covid-19 and the senseless killings of unarmed African Americans by renegade police highlight a need for corporate America to dramatically address societal inequities while protecting business goals, says Jackson Lewis P.C.'s Weldon H. Latham, founder and chair of the firm’s corporate diversity counseling group and former adviser to President Bill Clinton and legal counsel to the Barack Obama Foundation Inclusion Council...
The pandemic-related lockdown has affected all market participants, including activist investors. According to data from the Bloomberg Terminal, two relatively new players, Bulldog Investors LLC and Bluebell Capital Partners LP, have joined perennial leader Elliott Management Corp. at the top of the list of activists by the number of campaigns conducted...
It is not unusual for a CEO to comment on the company’s current stock price. It is, however, unusual for a CEO to do so on Twitter in a series of tweets...
C-suites and boardrooms are going to look quite different as company leaders try to prioritize safety without sacrificing involvement as they resume some semblance of normal operations...
The coronavirus pandemic is negatively impacting business across the board—already struggling businesses are being pushed into insolvency and previously healthy companies are experiencing a new time of financial distress...
Corporate governance, B.C. (Before Coronavirus): A rock concert-sized crowd of shareholders packs into an arena in Omaha every year to hear from Warren Buffett (and buy discount Hanes underwear and other Berkshire Hathaway products). Corporate governance, A.D. (After Disruption): Businesses sit empty, the economy contracts, and companies must adjust the way their organizations operate, often on the fly...
Corporate boards must be vigilant during the Covid-19 pandemic and anticipate activist engagement that could impact the fate of the company as a whole. K2 Intelligence FIN’s Lisa Silverman suggests boards have a response plan and communicate more with shareholders as a start...
More remote work and better crisis communications. Less dependence on a single supplier and fewer in-person board meetings...
With millions out of work or now reliant on the government for their pay checks, ESG investors are preparing to scrutinize executive pay like never before...
As one of the most influential judges overseeing corporate America, Leo Strine spent more than two decades evaluating -– and frequently excoriating –- the nation’s largest companies. Now his sometimes cutting wisdom may be deployed on their behalf...
McKesson Corp. directors got final court approval Wednesday for a $175 million settlement in San Francisco federal court over investor claims that the drug distributor’s board exposed it to legal liability stemming from the nationwide opioid crisis...
It isn’t “Love in the Time of Cholera,” but companies will face significant challenges in corporate governance in the time of coronavirus...
While the pace of shareholder activism cooled this year, flashes of ingenuity in campaigns and settlements kept things lively...
Private companies that go public face a new, negative tax consequence under IRS regulations—another factor that could make initial public offerings less attractive than they already are...
Investors are increasingly pressuring corporate directors to limit how many boards they sit on as the job becomes more demanding. Top institutional investors such as Vanguard Group and BlackRock Inc. have updated their policies for voting in board elections to discourage what they see as too many directorships at once. Companies have also been adopting their own policies restricting how many other board seats their directors can hold...