U.K. lawmakers voted Saturday to postpone a final vote on Prime Minister Boris Johnson’s deal to split with the European Union. The move delays any decision by Parliament over the pact and forced Mr. Johnson to ask for another Brexit delay...
This year, 478 nominees for U.S. board seats failed to win support from a majority of voted shares, a 39% jump from 2015...
TOKYO—Some Nissan Motor Co. directors will demand at Tuesday’s board meeting to see a list of around 80 Nissan employees who may have assisted former Chairman Carlos Ghosn in alleged wrongdoing...
Commission urges proxy advisers to take more steps to disclose how they craft their shareholder recommendations WASHINGTON—Public companies were set to notch a victory in a fight to curb the impact of consultants who influence shareholder votes on topics such as executive pay...
Activist investor calls for Care.com to consider a sale, but even that may not be enough to restore parents’ lost trust Care.com’s days as an independent matchmaker could be limited. New York-based activist investor Engine Capital L.P. is calling for the company to explore a sale in the wake of The Wall Street Journal’s March investigation which showed it provided limited vetting of its caregivers, sometimes with tragic results...
Occidental Petroleum Corp. Chief Executive Vicki Hollub is eager to move forward following her $38 billion deal to buy Anadarko Petroleum Corp. But first she has to deal with Carl Icahn, who is trying to bring Ms. Hollub’s predecessor back into the boardroom. The activist investor has already pushed for four seats on Occidental’s board, arguing that Ms. Hollub ignored investors and made costly rookie mistakes in her bid to outduel Chevron Corp. for Anadarko...
As Facebook Inc. FB -0.56% ’s co-founder and chief executive, Mark Zuckerberg holds extraordinary sway over the social-media giant. Wednesday’s historic settlement with the Federal Trade Commission keeps his power largely intact, even as it calls for the board to tighten the reins on the company’s privacy practices...
A stubborn paradox reigns across U.S. boardrooms: Companies are appointing more women to board seats than ever, yet the overall share of female directors is barely budging...
Vanguard Group is taking a tougher stance against companies whose board members it believes are stretched too thin.
The world’s second-largest asset manager plans to vote, in most cases, against corporate executives running for two or more public-company board seats beyond where they are employed, a Vanguard spokeswoman said. Vanguard said it would generally vote against other board candidates seeking more than four board seats at one time...
Tim Armstrong, the former leader of AOL, is walking away with more than $60 million as he leaves Verizon Communications Inc., which recently wrote down half the value of the internet business he led...
Activist investor Land & Buildings Investment Management LLC is seeking a seat on the board of Marriott International Inc., according to people familiar with the matter, and believes the world’s biggest hotel company should narrow its brand portfolio among other changes...
Companies with experienced technologists on their board outperform others in areas such as revenue growth, return on assets and market capitalization growth, according to a study released this week by Massachusetts Institute of Technology’s Center for Information Systems Research...
Newell Brands Inc. NWL -0.92% Chief Executive Michael Polk is under pressure from the board of directors to prove his turnaround is working following several disappointing quarters of sales at the household-goods conglomerate, according to people familiar with the matter...
A push by corporate governance experts, shareholders and, in some cases, regulators to untangle the chairman and chief executive positions at U.S. public companies is gaining traction.
The percentage of S&P 500 companies whose chief executives also serve as chairman reached 45.6% in 2018, compared with 48.7% the year before and the lowest percentage in at least a decade, according to data compiled for The Wall Street Journal by ISS Analytics, the data intelligence arm of proxy adviser Institutional Shareholder Services Inc...
WASHINGTON—Publicly traded companies could have to put to a shareholder vote thorny proposals that they oppose if the government shutdown doesn’t end soon.
That is because the Securities and Exchange Commission, which is operating with a skeleton staff, must sign off on requests by companies to exclude proposals from a vote a...
Edward D. Breen just spent the last three years merging industrial bastions DuPont Co. and Dow Chemical Co. His next act? Taking the combination apart all over again...
Lawmakers, faculty and students are demanding more accountability from university boards as sexual-abuse and other scandals continue to shake U.S. campuses.
The boards that oversee universities have remained largely intact at schools including Michigan State University and the University of Southern California, where...
HOUSTON—Billionaire John D. Arnold is spending a chunk of his fortune to campaign against America's high drug prices. The drug industry is spending a chunk of its fortune to counter him.
Mr. Arnold is the biggest single spender on his side of the battle. He made his money placing bets on price swings in the natural-gas market, first as an energy trader at Enron, then at his own hedge fund...
Resideo Technologies has named its chief financial officer and board of directors as it prepares to become a stand-alone public company after it goes through the planned spinoff from manufacturing conglomerate Honeywell International...
An activist investor wants cosmetics company e.l.f. Beauty Inc. to give itself a makeover. Marathon Partners Equity Management LLC, which owns about 8.5% of e.l.f., plans to urge the discount cosmetics seller to either start a process to sell itself or refocus on core operations and reduce costs, according to a draft of a letter to its chief executive and chairman viewed by The Wall Street Journal. Marathon could release the letter publicly as soon as Wednesday. ...
In January, six months before the blockbuster accusations became public, Shari Redstone phoned fellow directors on CBS Corp.’s board to ask about rumors that the company’s chief executive, Leslie Moonves, was about to have a #MeToo moment...
When JD.com’s billionaire founder and CEO Liu Qiangdong was arrested last week on suspicion of rape, his company’s board of directors was technically powerless...
Hexo Corp. has drawn interest from an occasional activist investor, who fears the Canadian marijuana company will miss out on a frenzy of deal making in the budding industry. New York-based Riposte Capital LLC, Hexo’s second-largest shareholder with a roughly 2.5% stake, plans to urge the company to explore strategic alternatives and take advantage of the cannabis sector’s rapid growth, according to people familiar with the matter...
Sacramento officials are cheering a decision by the California Public Employees’ Retirement System to build what would be the tallest tower in its hometown. But some inside Calpers’ boardroom are concerned the 550-foot project represents too much risk. During a private meeting earlier this summer three Calpers directors voted against a new $550 million commitment to the proposed office-condominium-retail complex, according to people familiar with the situation...