The so-called blank check company, sponsored by investment firm Altimeter ... For some, that indicates that the corporate governance risks around the ...
As far as society is concerned—as far as a company’s customers, employees, and even investors are concerned—how a company behaves in the world is now as important as what it sells or produces...
Unsurprisingly, Chevron is not the only company agitating to display its newly found environmental, social, and corporate governance (ESG) ...
Last June, as the nation convulsed with protests against racial inequality and the police killings of George Floyd, Breonna Taylor, and too many others, Nike was in the same predicament as much of corporate America—pledging to help rectify society’s mistreatment and exclusion of Black people, while simultaneously being called out for its own failings on that front...
We begin with a simple truth. In the United States of America, no diversity policy should stand if, by its terms, African-Americans can be wholly excluded. A second truth: No diversity policy that pits African-Americans against the LGBTQ community should stand. Unfortunately, Nasdaq’s proposed board diversity Rule 5605(f), now being considered by the Securities and Exchange Commission (SEC), subverts both truths. While laudable in intent, the proposed rule is anti-American...
Goldman Sachs Group Inc. cut Chief Executive Officer David Solomon’s annual compensation 36% after deducting a penalty for the bank’s 1MDB bribery scandal...
... company that has been embroiled in a years-long corporate governance ... Sinovac triggered the poison pill, which was written into the company's ...
In a normal year, the wickedest corporate scandals and worst executive malfeasance are impossible to forget. But in 2020, many of us found ourselves hard-pressed to even recall what evil acts went down over the past 12 months. To that end, Fortune's editors have rounded up the 10 strangest, juiciest, most out-there business scandals of the year...
The 800-pound, albeit virtual, gorilla in every corporate boardroom is just how fast the U.S. economy will recover and reopen in 2021. And a lot of that is dependent on the success of looming mass vaccinations : Dr. Anthony Fauci said this month we'd need 75% to 80% of the country to take the vaccine in order to resume normal life by the end of next year. But will people actually take a COVID-19 vaccine...
On Tuesday, the China Securities Regulatory Commission also pledged to improve corporate governance and enhance scrutiny of initial public ...
“I don't think you need to do a wholesale shift in corporate governance in order to do that.” Both Bebchuk and Henderson agreed that society can not ...
California has had a rough few months. There was the summer surge in COVID cases, wildfires that set grim new records—officials have now announced that 4 million acres have been burned throughout the state—and the subsequent toxic, smoke-filled air that enveloped the West Coast, sometimes for weeks on end. In other words: The Golden State could use a ray of sunshine. There is promising news, though, too—for those who aim to diversify corporate boards...
"I think now we are in a moment where, in the mainstream portfolio, ESG will be mandatory," says Michael Herskovich, head of corporate governance ...
I’d like to draw your attention to a couple of worthwhile reads. The first is this LinkedIn post from HP CEO Enrique Lores, following an appearance before the California Senate yesterday by HP’s strategy chief, Kim Rivera...
The movement for gender diversity on corporate boards has made real progress in the past decade, inching past the long-sought milestone of 20% female representation on Fortune 1000 boards in 2017. But while that effort has always aimed to include women of color, broader racial diversity has never been its first priority...
For months, BP had planned this year’s annual general meeting as a sleek presentation. The company’s brand-new CEO would be onstage at London’s ExCeL convention center, trumpeting his green revolution to hundreds of shareholders. But this being 2020, nothing went as planned. When the day of the meeting finally arrived in late May, there was no audience, and no applause...
As the coronavirus pandemic began to decimate American businesses in March, companies struggling financially rushed to cut executive pay as a signal to their customers and workforces: We're in this together. But some firms that slashed CEO compensation are already—barely a quarter later—starting to reinstate it...
Two former top eBay security executives and four other ex-employees face federal conspiracy charges of stalking the staff of an e-commerce newsletter by sending them live cockroaches and a funeral wreath...
This effort is often formalized as “ESG investing”—a strategy that involves weighing the environmental, social, and good governance impacts of ...
Recent shareholder votes against executive compensation plans at CVS and Intel may signal poor future stock performance by those companies, a new report said...
The Improving Corporate Governance Through Diversity Act would require public companies to annually disclose the voluntarily self-identified gender, ...
Kohl’s CEO Kevin Mansell is stepping down next year, ending a 10-year run at the helm of a retailer he helped turned into a behemoth but that has struggled of late. The company said on Tuesday that Mansell would step down in May and be replaced by Kohl’s chief merchant and chief customer officer Michelle Gass...
Las Vegas has a reputation for excess and non-stop entertainment, but Las Vegas Strip-based companies are increasingly stepping up as responsible global citizens. This may be surprising to those who think of Las Vegas as “Sin City,” but we are pioneering corporate cultures that embrace a commitment to society that extends beyond simply serving customers and growing bottom lines...
Google co-founders Larry Page and Sergey Brin stepped aside from their duties at parent company Alphabet on Tuesday in a move that analysts say marks "the end of an era." The surprise shakeup, which elevates Google CEO Sundar Pichai as Alphabet's CEO, raises inevitable questions about Alphabet's future. The holding company was spawned four years ago in an effort to create more focused businesses units...