LONDON, April 16 (Reuters) - Glencore shareholders should reject a proposed pay package for incoming CEO Gary Nagle at the mining and trading firm’s annual general meeting (AGM) this month, proxy advisers Glass Lewis and Institutional Shareholder Services (ISS) have recommended...
BOSTON (Reuters) - Legion Partners Asset Management on Wednesday said it is pushing ahead with a proxy contest to seat four directors on OneSpan’s board after the cybersecurity firm rejected a settlement proposal from the activist investment firm...
Goldman Sachs Group Inc’s board of directors on Monday nominated the chief financial officer of Royal Dutch Shell plc to become its newest member...
TOKYO (Reuters) - In a watershed moment for Japanese corporate governance, Toshiba Corp shareholders will vote this Thursday on whether there should be an independent probe into allegations that investors were pressured ahead of last year’s annual general meeting...
PARIS (Reuters) - Shares in Danone’s, which is expected to hold a board meeting on Monday amid shareholder pressure to improve governance and boost returns, rose 2% after it announced plans to sell its stake in Chinese dairy firm Mengniu...
WILMINGTON, Del (Reuters) - A Delaware judge on Friday struck down Williams Cos’ “poison pill” that the energy company adopted early last year as a defense against a possible takeover in the wake of a sharp drop in oil prices...
BOSTON (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon has led calls for companies to consider the needs of workers, communities and customers as well as those of shareholders...
(Reuters) - Wells Fargo & Co Chief Executive Officer Charles Scharf’s annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday. Scharf will receive $20.3 million for his work during the year, compared with $23 million in 2019, the bank said...
NEW YORK (Reuters) - Leon Black said on Monday he would step down as chief executive at Apollo Global Management Inc, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein...
TOKYO (Reuters) - Japanese chip and display materials maker JSR Corp said on Monday it will nominate a partner of activist investor ValueAct Capital to be an external board director, a rare move in the country where activists are still viewed with suspicion by many...
London-listed Nigerian oil company Lekoil’s shareholders will vote on Friday on an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest shareholder...
BOSTON (Reuters) - Some investors including William Ackman and Glenn Welling, who push corporations to perform better, posted record-breaking returns in 2020 when activist investors generally backed off demands during a year marked by wild and unexpected business conditions...
HOUSTON (Reuters) -Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion asset writedown...
TOKYO (Reuters) - A Japanese government adviser told the Harvard University endowment fund that its vote at Toshiba Corp’s annual shareholders meeting could be subject to a regulatory probe should it vote against the firm’s management, four sources said...
LONDON (Reuters Breakingviews) - Governments are the new activist investors. Not unlike the financial crisis, the pandemic liberated states to get more involved in the private sector...
BOSTON (Reuters) - AECOM on Tuesday announced plans for more new directors to join its board, prompting praise from activist investor Starboard Value which had been pushing for changes...
(Reuters) - Goldman Sachs has failed to persuade former president Gary Cohn to return over $10 million he received in pay, as part of the bank’s effort to reclaim executive compensation over the 1MDB scandal, Bloomberg News reported on Wednesday...
The German stock exchange operator Deutsche Boerse DB1Gn.DE said on Tuesday it would acquire an 80% stake in Institutional Shareholder Services (ISS) for about $1.8 billion, the latest in a flurry of deals to sweep across the exchange industry...
Korean Air Lines Co Ltd 003490.KS plans to spend 1.8 trillion won ($1.62 billion) to become the top shareholder of indebted Asiana Airlines Inc 020560.KS, in aviation's first major consolidation since COVID-19 brought the industry to its knees...
(Reuters) - Activist investor Elliott Management Corp on Tuesday called on Evergy Inc to immediately reengage in deal talks with NextEra Energy Inc, a day after Reuters reported that the company had turned down a roughly $15 billion all-stock bid...
LONDON (Reuters) - Britain’s accounting and corporate governance regulator called on Tuesday for global rules to improve how companies inform investors about how their activities relate to climate change and cutting carbon emissions...
TOKYO (Reuters) - Japan’s Toshiba Corp on Friday said more than 1,000 postal voting forms for its shareholder meeting went uncounted, and the bank that counted the votes, which carries out a similar job for almost a thousand listed companies, said the oversight may not have been limited to Toshiba...
Vanguard Group Inc said it voted against the pay of Alphabet Inc executives, including new CEO Sundar Pichai, one of several examples of proxy voting the top mutual fund firm gave in a report to be released on Tuesday as it names a new stewardship chief...
Bridgewater Associates’ director of investment research, Karen Karniol-Tambour, on Thursday denied a report that she had claimed gender discrimination in conversations about her pay with the hedge fund’s management...