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    1. Toshiba Needs 'prompt, appropriate' disclosure, Tokyo Stock Exchange Chief Says

      Toshiba Needs 'prompt, appropriate' disclosure, Tokyo Stock Exchange Chief Says

      The Tokyo Stock Exchange (TSE) wants Toshiba Corp to make "prompt and appropriate" disclosure about its widening governance scandal, including who was responsible, the head of the bourse said, adding transparency remained a problem. Hiromi Yamaji also told Reuters that activist investors - who have been in focus because of Toshiba - can be a force for better shareholder engagement at Japanese companies and help improve governance...

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      Mentions: IPO Japan Hong Kong
    2. Shell on Trial as Court Weighs its Climate Responsibility

      Shell on Trial as Court Weighs its Climate Responsibility

      A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally. A panel of judges in a lower court in The Hague will rule on Wednesday in a case being followed closely by environmental campaigners too...

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    3. GameStop CEO Forfeits US$98 Million in Stock After Missing Targets

      GameStop CEO Forfeits US$98 Million in Stock After Missing Targets

      GameStop Corp. Chief Executive Officer George Sherman forfeited about 587,000 restricted shares of the video-game retailer, or almost US$98 million at current prices, after failing to meet performance targets. The stock was part of an incentive package granted in April 2019, the month that Sherman took the CEO job. He still holds 1.77 million shares, according to a filing, or US$294.8 million as of Wednesday’s close...

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    4. Chevron Shareholders to Vote on Climate Change Proposals, Says Filing

      Chevron Shareholders to Vote on Climate Change Proposals, Says Filing

      Chevron Corp shareholders will vote on proposals aiming to require the No. 2 US oil producer to reduce the environmental impact of its products and report on climate business risks. Chevron has pledged to limit the pace of growth of its carbon emissions that contribute to climate change, but has not set longer-term targets to achieve net zero as many European oil companies have done...

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    5. Exxon Urges Shareholders to Reject 7 Proposals up for Vote at Annual Meeting

      Exxon Urges Shareholders to Reject 7 Proposals up for Vote at Annual Meeting

      Oil major Exxon Mobil Corp on Tuesday urged shareholders to reject seven proposals up for voting at its annual meeting on May 26, including the proposition to split its chairman and CEO roles. The shareholders' proposals also include BNP Paribas' demand for a report on Exxon's climate-related lobbying and whether such activities align with the Paris Accord. Another proposal asks for an analysis of how 2050 net zero carbon emission targets affect Exxon's business...

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    6. Exxon Pushed for Net-Zero Goal by Activist Shareholder

      Exxon Pushed for Net-Zero Goal by Activist Shareholder

      Exxon Mobil Corp has already upped its climate plans, only three months into an activist investor’s campaign to force change inside the company. Now the group, Engine No. 1, is pushing the oil giant to set a new goal: net-zero greenhouse gas emissions by 2050. Engine No. 1 released a letter on Monday reiterating its call for Exxon to overhaul its board of directors by adding four new members who have the expertise to steer the company towards climate neutrality...

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    7. Norway Wealth Fund Tells Firms: Put More Women on Your Boards

      Norway Wealth Fund Tells Firms: Put More Women on Your Boards

      Norway's US$1.3 trillion sovereign wealth fund, the world's largest, wants the companies it invests in globally to boost the number of women on their boards and to consider setting targets if fewer than 30% of their directors are female, top fund officials told Reuters. One of the world's largest investors, the fund holds stakes in around 9,200 companies worldwide, owning 1.5% of all listed stocks...

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      Mentions: Women Female Europe
    8. Exxon Board Mulls Adding Climate-Conscious Hedge Fund Mogul

      Exxon Board Mulls Adding Climate-Conscious Hedge Fund Mogul

      Exxon Mobil Corp is considering adding activist investor Jeff Ubben (pictured) to its board, amid intensifying criticism of its approach to climate change, according to people familiar with the matter. Ubben, who founded ValueAct Capital Management two decades ago, has become known for his social and environmental investing in recent years...

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    9. Goldman’s Gary Cohn Saga Thrusts Clawback Shortcomings into Spotlight

      Goldman’s Gary Cohn Saga Thrusts Clawback Shortcomings into Spotlight

      It seemed like a decisive move by Goldman Sachs Group Inc’s board of directors: Compel a dozen executives to give back millions of dollars to hold them publicly accountable for the 1MDB corruption scandal.  But any hopes of a swift and unified act of contrition were thwarted when one of them, Gary Cohn, didn’t pay up. Weeks later, he ended the stalemate on his own terms by pledging to give his share to charity...

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    10. Shale Pioneer Chesapeake Energy Files for Bankruptcy

      Shale Pioneer Chesapeake Energy Files for Bankruptcy

      Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors to lay the groundwork for the restructuring...

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    11. Nestle Counts on Better Second Half to Keep Third Point at Bay

      Nestle Counts on Better Second Half to Keep Third Point at Bay

      ZURICH (July 26): Food giant Nestle said it expects an improvement in sales and profitability in the second half of 2018 as it seeks to assuage activist shareholder Third Point, with its infant formula business helping second-quarter results. Packaged food groups have seen sales slow as health-conscious consumers switch to fresh, local foods...

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    12. Pay for UK's Top Bosses Drops Sharply, Investors Say More to Do

      Pay for UK's Top Bosses Drops Sharply, Investors Say More to Do

      LONDON (Aug 3): Pay packages for the bosses of Britain's 100 biggest listed companies dropped 13% over the past year, a survey showed on Thursday, amid rising political and investor pressure to rein in on excessive earnings. The survey by the Chartered Institute of Personnel and Development (CIPD) and the High Pay Centre think tank showed the median pay for chief executives of companies in the FTSE 100 index was 3.45 million pounds (US$4.57 million) in 2016, down from 3.97 million pounds in 2015 and only marginally higher than in 2010. There was a ...

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    13. Aramco Board to Meet in Shanghai as it Seeks Chinese Investors for IPO

      Aramco Board to Meet in Shanghai as it Seeks Chinese Investors for IPO

      Saudi Aramco's board will meet in China in May for the first time in seven years, industry sources said, as the state-owned energy firm seeks to lure Chinese and Asian investors to its giant share offering. The board of directors would gather in Shanghai on May 10 to discuss the firm's business plans, investments and preparations to sell up to 5 percent of Aramco in 2018, the sources said...

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    1-22 of 22
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