All Boards & Shareholders articles – Page 14
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Blog
Key factors to consider in any board-led investigation
Many companies have an investigation protocol in place when a potential Foreign Corrupt Practices Act or other legal issue arises. Many boards, however, do not have the same rigor when it comes to an investigation, which should be conducted or led by the board itself, writes The Man From the ...
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Broadcom’s takeover of Qualcomm gets complicated
A government agency has forced a delay to a shareholder meeting that would have set the stage for a hostile takeover of the company at the heart of smartphone technology.
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Distilling compliance lessons from Novartis
Ethics and compliance officers in the pharmaceutical industry can learn a lot from the troubles of Novartis, which faced a firestorm of criticism from shareholders at its last annual meeting.
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Top issues at shareholder meetings include global trade, misconduct
Executive misconduct, cyber-breaches, global trade concerns, demands for transparency, and historic changes brought about by the new tax law are among the topics being discussed in corporate board rooms, according to a new report by BDO USA.
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Autoliv elects two new board members
Autoliv, an automotive safety systems company, has added two new independent directors to the Autoliv Board, Hasse Johansson and Thaddeus “Ted” Senko, effective March 2. With the addition of Johansson and Senko, Autoliv has expanded its board size from nine to eleven directors.
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The board's role in internal controls
Internal controls for a board or board compliance committee should be broken down into five concepts, says The Man From FCPA.
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CCO reporting to the board
Chief compliance officer reporting to the appropriate board of director’s compliance committee has to be structured carefully to promote ethics and compliance. Inside are five best practices that should guide the reporting.
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Compliance lessons from the HP-Autonomy fiasco
The Man From FCPA discusses the reasons behind one of the greatest corporate disasters in the past few years: the acquisition of Autonomy by Hewlett-Packard.
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Board’s prudent discharge of compliance obligations
A look at how board members might want to enhance their prudent discharge to shareholders in regard to the FCPA, as the SEC and Justice Department could be giving it their full attention.
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OIG guidance for boards on compliance
It turns out that 2015 guidance from the OIG provides an excellent roadmap in today’s world for how companies can structure a compliance committee for their board and for the board’s obligations.
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SEC’s Jackson seeks dual-share compromise with ‘sunset’ provisions
SEC Commissioner Robert Jackson is urging exchanges to prohibit companies with dual-class shareholder structures from listing if that arrangement does not include sunset provisions.
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How much disruption can shareholder activists cause?
The rising trend toward shareholder activism has incited boards of directors to seek defensive measures, but do shareholders pose that much of a threat?
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Does your board have a compliance expert?
The Federal Reserve Bank this month assessed a penalty against Wells Fargo for the bank’s widespread customer abuse from its fraudulent accounts scandal, other regulatory violations, and lack of response by the bank’s doard of directors to these problems and other risk management issues.
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Why board oversight matters, in investing and compliance
The case of Outcome Health is a clear lesson for the anti-corruption compliance practitioner: Levels of oversight not only provide a backup to make sure that no mistake should slip through, but also the rigor of financial oversight.
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HomeStreet appoints new board member
HomeStreet, the parent company of HomeStreet Bank, has appointed Mark Patterson to the board of directors of the company and the board of directors of the bank.
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Tesla offers CEO Elon Musk a monumental pay-for-performance deal
Under Tesla's proposed pay-for-performance compensation plan for CEO Elon Musk, his compensation will not fully vest unless the company grows its market cap to $650 billion, an increase of nearly $600 billion.
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The rise of passive investors as a corporate governance force
Investors in index funds are taking a page from their activist counterparts and making demands on companies. The surprise: Those companies are listening.
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The stunning Petrobras securities lawsuit settlement
In a stunning capitulation, Petrobras settled with U.S. investors for nearly $3bn in a class-action lawsuit as follow-on litigation to the long-standing corruption allegations against the company.
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Activist investor Nelson Peltz to join P&G board
Procter & Gamble Company said that it has appointed activist investor Nelson Peltz to its board of directors, despite Peltz narrowly losing his seat in the biggest corporate proxy battle ever involving a U.S. company. His appointment is effective March 1, 2018.
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The imperial CEO
Former GE CEO Jeff Immelt managed in a way that he could have a backup private jet follow him around, but never had time to speak with the person managing the fleet...or to let the Board know about his infamous "ghost plane."