1. Articles in category: BoardNews

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    1. Didi and Luckin's New York Debacles Shed Light on Corporate Liability Insurance as Shield Against Class Action Lawsuits

      Didi Global's New York listing debacle is shedding light on a little-known area of insurance that protects corporate directors and officers (D&O) from legal liability, as a number of law firms are soliciting shareholders to sign up for class-action lawsuits in US courts. Class action suits related to the securities industry jumped to 334 cases in the United States last year, 49 per cent higher than the average between 1997 and 2019, according to data compiled by Cornerstone Research...

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    2. Lawsuit Accuses Activision of ‘frat boy’ Workplace Rampant With Sexual Bias

      Lawsuit Accuses Activision of ‘frat boy’ Workplace Rampant With Sexual Bias

      A new lawsuit accuses videogame giant Activision Blizzard Inc. of fostering a “frat boy” workplace culture, including claims of years-long harassment and sexual bias. In a lawsuit filed Tuesday by the California Department of Fair Employment and Housing, Santa Monica-based Activision ATVI, -0.37% — which publishes such popular games as “Call of Duty” and “World of Warcraft”...

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    3. BlackRock Voted Against 255 Directors Because of Climate Issues

      BlackRock Voted Against 255 Directors Because of Climate Issues

      BlackRock voted against 255 directors because of climate issues According to its stewardship report, the asset manager supported 35% of 843 shareholder proposals that it voted on in the recent proxy season, compared with 17% in the previous year. During the recent proxy season, BlackRock Inc. voted against more than four times the number of board directors it voted against last year because they failed to act on climate issues...

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    4. Genesco Wins Proxy Battle as Investors Re-elect Nine Directors to Board

      Genesco Wins Proxy Battle as Investors Re-elect Nine Directors to Board

      The proxy battle over the fate of Genesco’s board of directors has come to a close — and the company’s existing directors have won full support. Based on a preliminary vote count, the footwear company said during its annual meeting Tuesday morning that shareholders “overwhelmingly” voted to re-elect Genesco’s existing nine directors: Matthew Diamond, Mimi Vaughn, Joanna Barsh, John Lambros, Thurgood Marshall Jr., Angel Martinez, Kevin McDermott, Mary Meixelsperger and Gregory Sandfort...

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    5. BlackRock: Lack of Diversity, Independence Drove Critical Board Votes

      BlackRock: Lack of Diversity, Independence Drove Critical Board Votes

      (Reuters) - Top asset manager BlackRock said on Tuesday it voted against 10% of company directors this year, up from 8.5% last year, as part of a more muscular approach to corporate governance. BlackRock gave the breakdown in its quarterly stewardship report, citing issues like a lack of boardroom diversity or director independence...

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    6. Uber CEO: CEOs are Paid Too Much

      Uber CEO: CEOs are Paid Too Much

      Justin Sullivan/Getty ImagesUber's top dog Dara Khosrowshahi thinks his fellow CEOs are overpaid, he said in an interview with The New York Times . "I think if you define fairness by 'fair market value,' then CEOs are paid fairly," he said. "I think if you define fairness by how you think society should value people, then I think CEOs are paid too much. You could put me in that group...

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    7. Legion Partners Highlights the Opportunity to Modernize and Transform Genesco by Adding Shareholder-Nominated Directors to the Board

      Legion Partners Highlights the Opportunity to Modernize and Transform Genesco by Adding Shareholder-Nominated Directors to the Board

      LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued the below open letter to shareholders...

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    8. Ford, GM Push For Gender-Neutral Titles

      Ford, GM Push For Gender-Neutral Titles

      U.S. automakers Ford and General Motors have replaced their "chairman" title to the gender-neutral "chair" title, a notable step in the historically male-dominated auto industry. The changes come after many large U.S. corporations have promised employees and investors they would amp up efforts for more diversity. A regulatory filing showed that Ford’s board voted last week to amend their bylaws to “adopt gender-neutral language throughout, including the title ‘chair’ in place of ‘chairman.'"...

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    9. Lawsuit Filed Challenging State of California's Sex and Racial Quotas for Corporate Board Membership

      Lawsuit Filed Challenging State of California's Sex and Racial Quotas for Corporate Board Membership

      PRNewswire/ -- Yesterday, the Alliance for Fair Board Recruitment, a nonprofit membership organization headquartered in Austin, Texas , filed a federal lawsuit challenging the constitutionality of California statutes SB 826 and AB 979— recently enacted laws that require all publicly traded California -based corporations to implement sex and race quotas for board members...

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    10. Massachusetts Executive Order Permitting Massachusetts Public Companies to Hold Virtual-Only Shareholder Meetings to Expire

      Massachusetts Executive Order Permitting Massachusetts Public Companies to Hold Virtual-Only Shareholder Meetings to Expire

      Massachusetts Governor Charles Baker’s COVID executive order permitting public companies incorporated in Massachusetts to hold virtual-only shareholder meetings is set to expire on August 14, 60 days after the June 15 lifting of the COVID-19 state of emergency in Massachusetts...

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