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    1. Avon's Corporate Governance Strengthens

      Avon Products, Inc. (AVP)'s embattled former CEO Andrea Jung said she'll step down as board chairman on December 31. The beauty company has taken several such moves toward restoring its credibility in recent months, and now has stronger corporate governance. While serving as both chairman and CEO, Ms. Jung came under fire for problems ranging from Avon's underperforming stock price to its overseas bribery investigation, which we had discussed here. In December 2011 Avon announced Ms. Jung's loss

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    2. Olympus' Efforts To Improve Corporate Governance Leave Room For More

      Olympus' Efforts To Improve Corporate Governance Leave Room For More

      Olympus Corp. ( .PK) and three of its former executives pleaded guilty this week to charges related to a $1.7 billion accounting cover-up, the media reported. During the year since the Japanese equipment maker's former CEO Michael C. Woodford raised questions about its deal-making, Olympus has made some improvements to its corporate governance, but continues to show serious weaknesses that interfere with its ability to balance the powers of its managers. To be sure, it's positive that the former

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    3. BP's Corporate Governance Beats Rosneft's

      The media is buzzing about the possible sale of a stake in the Russian government-owned oil company OAO Rosneft to BP p.l.c. (BP). The U.K. oil giant might appoint a Russian director to its board, some reported in recent days. If the two companies do integrate, BP goes into the deal with better supervision of its senior management than Rosneft. BP has already had some headaches from its joint venture TNK-BP. Last spring, for example, Russia's natural resources and ecology minister Yuri Trutnev s

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    4. DST Improves Corporate Governance, But Issues Linger

      News hit that DST Systems, Inc. (DST)'s CEO Thomas A. McDonnell is retiring, and investors bought shares in the information processing and software services company. While DST has taken steps in recent months that could resolve some red flags about its corporate governance, McDonnell's successor, Stephen C. Hooley, is a company insider who will inherit ongoing issues. DST said Hooley is CEO effective September 12. He had worked at State Street Corp. for eleven years before January 2004, when he

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    5. Facebook's Board Reveals 2 Major Flaws

      Chief Operating Officer Sheryl Sandberg was recently appointed the first female director on Facebook's (FB) board. Her appointment may assuage concerns about corporate governance at Facebook, but unfortunately it is of little consequence. Instead, Facebook must embrace leadership with experience successfully monetizing user groups. Investors should not pay current high valuations for a shift to a better revenue-generating regime that has yet to happen. Corporate Governance and Healthy Boards Boa

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