All Boards & Shareholders articles – Page 11
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Article
CFPB resurrects consumer advisory boards
CFPB Director Kathleen Kraninger has reinstated the agency’s consumer advisory boards. It is currently accepting applications for members to serve on those boards, which were disbanded last year by her predecessor.
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Article
Interserve: Carillion Part II
In an almost carbon copy of the Carillion collapse, peer contracting firm Interserve went into administration on Friday due to a majority of its shareholders rebelling against a debt cancellation deal that would have seen their investment at even lower levels than the deal that was finally agreed to.
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Article
Bipartisan effort would double SEC statute of limitations for fraud
Senators Mark Warner (D-Va.) and John Kennedy (R-La.) have introduced the Securities Fraud Enforcement and Investor Compensation Act—the bipartisan legislation that would extend the window of time the SEC can pursue post-fraud claims for investors from five years to 10.
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Article
Festivus, Fortnite, and the SEC’s relationship with institutional investors
SEC Commissioner Hester Peirce’s speech before the Council of Institutional Investors spring conference used two pop culture touchpoints as a means to clarify her relationship with the audience the group represents.
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Blog
Twitter Co-Founder Evan Williams steps down from board
Twitter Co-Founder Evan Williams has decided to step down as a member of its board of directors, effective at the end of the month, Twitter announced in an SEC filing on Feb. 22.
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Article
SEC once again dragged into fight over mandatory arbitration
The SEC was spared setting mandatory arbitration policy when New Jersey’s attorney general argued a shareholder initiative proposed for Johnson & Johnson would be illegal.
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Article
Building a better board and the benefit of director self-assessments
Technological disruption, the dark side of corporate culture, and evolving expectations from diverse stakeholders are all making the job of director more challenging, says a report by EY’s Center for Board Matters.
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Blog
Treasury lifts sanctions on Rusal, En+, ESE
The U.S. Department of Treasury announced that it has lifted sanctions on three companies controlled by Russian oligarch Oleg Deripaska: power company EuroSibEnergo, aluminum producer UC Rusal, and Rusal’s parent company, En+ Group. Following this news, En+ Group announced an overhaul of its board of directors.
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Article
Bezos fallout: Disclosure and divorce
When a CEO is in the midst of a divorce, as Amazon’s Jeff Bezos is, does that personal matter rise to the level of shareholder materiality? There are no easy answers, only slippery slopes.
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Blog
Wells Fargo elects new board member
Wells Fargo & Company has elected Wayne Hewett to its board of directors. Additionally, Karen Peetz has decided that she will not stand for re-election and will retire as a director at the company’s 2019 Annual Meeting of Shareholders.
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Blog
Tesla adds two new independent directors
As part of a deal reached with the Securities and Exchange Commission in September, Tesla has added two new independent directors to its board: Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson, global chief human resources officer of Walgreens Boots Alliance.
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Blog
Broadridge Financial Solutions, Workiva announce partnership
Fintech company Broadridge Financial Solutions and enterprise management software provider Workiva have announced an alliance to streamline shareholder communications.
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Podcast
Ellen Hunt of AARP on compliance at board level
Ellen Hunt, the senior vice president, audit, ethics, and compliance officer at AARP, joins columnist Tom Fox to explain the benefits she feels having a compliance expert on the board of directors at a company provides.