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    1. BT Acts on Excessive Chief Executive Pay Following Massive Revolt

      BT Acts on Excessive Chief Executive Pay Following Massive Revolt

      BT is to overhaul the way it sets executive pay after the telecoms giant suffered a revolt over outgoing boss Gavin Patterson’s bumper £2.3 million remuneration. The firm said that, following a rebellion in which 34% of investors rejected its remuneration report in July, it spent time engaging with shareholders...

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    2. Vivendi Calls for the Replacement of Five of Telecom Italia's Board Members

      Vivendi Calls for the Replacement of Five of Telecom Italia's Board Members

      PARIS/MILAN (Reuters) - French media giant Vivendi called on Friday for the replacement of five of Telecom Italia's board members put forward by U.S. activist fund Elliott, citing a "substantial lack of independence". The move is the latest twist in a months-long battle between Vivendi, which holds a stake of around 24 percent in Telecom Italia (TIM), and Elliott over how to revive Italy's biggest phone group, an underperforming business saddled with 25 billion euros (£22.48 billion) of debt...

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    3. Activist Investor Elliott Faces Hostility Over Pernod Ricard Stake

      Activist Investor Elliott Faces Hostility Over Pernod Ricard Stake

      Current and former chief executives of mining giant BHP, Dulux paints maker Akzo Nobel (Amsterdam: AKZA.AS - news ) , electronics group Samsung and the consumer goods group Nestlé will know exactly how Alexandre Ricard feels today. All have been targeted in the recent past by Elliott Advisors, the aggressive US activist investor, which on Wednesday announced it had built a stake of more than 2.5% in Pernod Ricard (TLO: RI-U.TI - news ) - the French drinks giant behind The Glenlivet scotch whisky, Jameson Irish whiskey, Ballantine's scotch whisky, Beefeater gin, Martell cognac and Kahlua liqueur - where he is chairman and......

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    4. UK: McAdam to Retire as Rentokil and United Utilities Chair

      UK:  McAdam to Retire as Rentokil and United Utilities Chair

      Two FTSE-100 companies with a combined market value of almost £11bn are kicking off the search for new chairs as John McAdam, the veteran industrialist, prepares to step down after more than a decade at the helm. Sky News has learnt that both Rentokil, the pest control and facilities management group, and United Utilities (LSE: UU.L - news ) , the water company, have begun hunting successors to Mr McAdam, who joined both companies in 2008...

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      Mentions: Management LSE NYSE
    5. Soul-Searching is in Order for Nissan's Board After Ghosn Allegations, Governance Experts Say

      Soul-Searching is in Order for Nissan's Board After Ghosn Allegations, Governance Experts Say

      Turmoil at Japan's Nissan Motor surrounding allegations of impropriety by ousted chairman Carlos Ghosn raises questions about the oversight role of the company's board of directors, corporate governance experts said this week. Ghosn, long seen as a superstar of the global auto industry, was arrested last month after allegedly under reporting compensation and misusing assets...

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    6. 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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    7. United Technologies to Announce its Intention to Separate into 3 Companies

      United Technologies to Announce its Intention to Separate into 3 Companies

      United Technologies announced late Monday that it intends to separate into three companies: United Technologies, Otis and Carrier. The company also said it has completed its acquisition of Rockwell Collins and combined that business with UTC Aerospace Systems to form Collins Aerospace Systems. That unit will be part of the United Technologies company after the split...

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    8. Fixing GE's Massive Debt Pile is 'Critical' to Corporate America, Analyst Says

      Fixing GE's Massive Debt Pile is 'Critical' to Corporate America, Analyst Says

      How General Electric (GE) resolves its debt problem will be "critical" to the wider Investment Grade (IG) market, an analyst said Monday. The General Electric Company has witnessed an exodus of investment from both its equity stock and corporate debt as its future has been called into question. The U.S. behemoth has piled on the debt in recent years as it looked to buy companies, pay off its pension deficit and buy back shares...

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    9. Bernie Sanders Targets Walmart: Bill Would Block Stock Buybacks Unless Workers Get $15 Minimum Wage

      Bernie Sanders Targets Walmart: Bill Would Block Stock Buybacks Unless Workers Get $15 Minimum Wage

      In his latest broadside against big business, Sen. Bernie Sanders, I-Vt., is introducing a bill Thursday that would prevent large companies from buying back stock unless their employees are paid at least $15 an hour. The proposal is aimed squarely at the nation's largest bricks-and-mortar retailer: Walmart, which announced earnings Thursday that beat analysts' expectations though revenue missed forecasts...

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      Mentions: Amazon Walmart Disney
    10. UK: Shake-up Aims to Give Workers More Power in the Boardroom

      UK:  Shake-up Aims to Give Workers More Power in the Boardroom

      Lucy Burton The Prime Minister used a keynote speech in 2016 to pledge that employees will join directors in boardrooms and be given a say in how businesses operate. - AP More Britain’s bosses must prove that they have listened to workers’ views under a long-awaited package of reforms aimed at rebuilding trust in UK business...

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    11. Investors Clampdown on Lavish Relocation Perks Ahead of AGM Season

      Investors Clampdown on Lavish Relocation Perks Ahead of AGM Season

      Investors clampdown on lavish relocation perks ahead of AGM season Lucy Burton Tweet Share Diageo, which is behind Johnnie Walker, the whiskey brand that recently ran an advert with Jude Law, was among the companies to offer relocation packages to staff this year. - Getty Images More Bosses have been told to wave goodbye to lavish relocation packages as investors ramp up their battle against boardroom excess with a clampdown on perks...

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    12. Fidelity Puts British Boardroom Paymasters on Notice

      Fidelity Puts British Boardroom Paymasters on Notice

      Fidelity International, one of the biggest investors in British companies, has proposed making powerful remuneration committee heads more accountable to shareholders. Such a move would ratchet up pressure on company boards to rein in excessive pay after rebellions at a number of firms' shareholder meetings in recent years, including BP and WPP (Frankfurt: A1J2BZ - news ) , and comes ahead of the bulk of this year's votes...

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      Mentions: Investors Chairman
    13. Hellenic Capital PLC: Appointment of director

      Hellenic Capital PLC: Appointment of director

      Hellenic announces that Graham Stanley Jones has been appointed as a non-executive Director of the Company. Graham is a founding director of Garness Jones Chartered Surveyors, one of Hull's leading commercial surveying practices. He provides professional and valuation services for a number of well-known banks and a wide range of private clients...

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    14. Chipotle Interviews for New Board Member Hoping to Win Back Investors

      Chipotle Interviews for New Board Member Hoping to Win Back Investors

      Chipotle Mexican Grill has begun looking for a new board member in hopes that it can placate investors and jump start the burrito chain's turnaround. "We are interviewing for a new board member now and considering additional board changes to meet longer-term needs," Chris Arnold, a company spokesman, told Bloomberg ...

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    15. Blank Rome Welcomes New Partner in New York

      Blank Rome Welcomes New Partner in New York

       Blank Rome LLP is pleased to announce that Ira L. Herman has joined the Firm as a Partner in the Finance , Restructuring, and Bankruptcy group. Mr. Herman joins Blank Rome from Thompson & Knight LLP, where his practice focused on distressed public debt issues, insolvency matters involving upstream and midstream oil and gas companies, and distressed M&A, in addition to traditional bankruptcy and insolvency matters.... 

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    16. Peter Thiel Just Joined the Board of a Startup That's Secretly Raised $50 Million over the last three years

      Peter Thiel Just Joined the Board of a Startup That's Secretly Raised $50 Million over the last three years

      WiFi startup Zenreach has officially emerged from stealth mode, announcing that it's raised $50 million and added Peter Thiel to its board. Zenreach uses WiFi to help merchants find out how many times a customer returns to a store. When customers login to a store's free, customized WiFi with their email addresses, merchants can track how many times customers return...

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      Mentions: Chairman
    17. Battle for Viacom: Redstone Names 'loyals' to Trust

      Battle for Viacom: Redstone Names 'loyals' to Trust

      Billionaire Sumner Redstone named new "loyal" trustees to the trust that controls media giants Viacom (NasdaqGS: VIAB - news ) and CBS Tuesday, days after firing two long-time allies he has fallen out with. The move appeared to strengthen the hand of Redstone's daughter Shari in the battle over the future of the $40 billion broadcast entertainment business which controls hit names like MTV, Nickelodeon, and Comedy Central, as well as Hollywood giant Paramount Pictures...

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      Mentions: Board Chair CBS
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