1. Articles from News Break

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  2. 1-7 of 7
    1. BP Shareholders Reject Proposals to Reduce Climate Emissions

      BP Shareholders Reject Proposals to Reduce Climate Emissions

      BP shareholders have voted down proposals for tougher emissions targets, which aims to limit global warming to well below 2C compared to pre-industrial levels. Eighty per cent voted against the measure, which wanted the oil giant to set short-and long-term targets on emissions and its use of energy products. The board had urged shareholders to vote against the proposals, which were put forward by Follow This, an activist investor...

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    2. American Tells Japan Court he Worked for Nissan's Interests

      American Tells Japan Court he Worked for Nissan's Interests

      An American lawyer on trial in Japan on charges related to reporting of former Nissan Chairman Carlos Ghosn’s compensation asserted his innocence Wednesday, testifying he acted legally and in Nissan's best interests. Greg Kelly, a former executive vice president at Nissan Motor Co., told the Tokyo District Court he was worried Ghosn might job-hop after taking a big pay cut in 2010, when Japan began requiring disclosures of high executive pay...

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      Mentions: Nissan Carlos Ghosn
    3. Activist Investor Elliott Has Stake in Duke Energy

      Activist Investor Elliott Has Stake in Duke Energy

      (Reuters) - Activist investor Elliott Management has a stake in Duke Energy Corp and is pushing the U.S. utility company to add directors to its board, the Wall Street Journal reported on Monday, citing people familiar with the matter. Hedge fund Elliott may also urge Duke Energy to sell some assets or make operational improvements to boost its stock price, the report said. (on.wsj.com/2RB2qcV) Elliott and Duke Energy did not immediately respond to Reuters requests for comment...

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    4. Credit Suisse Overhauls Executive Board as it Estimates Archegos Fallout at $4.7 Billion

      Credit Suisse Overhauls Executive Board as it Estimates Archegos Fallout at $4.7 Billion

      ZURICH (Reuters) - Credit Suisse on Tuesday said it was replacing senior managers and reducing proposals for its 2020 dividend and executive compensation as it grapples with the estimated 4.4 billion Swiss franc ($4.69 billion) fallout from its relationship with Archegos Capital Management LP. Chief Risk Officer Lara Warner and investment banking head Brian Chin will both leave the bank in April, Switzerland’s second largest lender said...

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    5. Kohl’s: Activist Investor Nominations for Our Board ‘Do Not Measure Up’

      Kohl’s: Activist Investor Nominations for Our Board ‘Do Not Measure Up’

      Kohl’s Corp. has issued a statement in response to an activist investor group’s attempt to nominate five directors to its 12-member board. In an announcement this afternoon, the retailer said the nominees put forth by the group — composed of Macellum Advisors GP LLC, Ancora Holdings Inc., Legion Partners Asset Management LLC and 4010 Capital LLC — lack “critical relevant experience” and “meaningful digital experience.” It added that its own directors “outmatch” the investors’ slate of nominees...

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    1-7 of 7
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