All Boards & Shareholders articles – Page 17
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Blog
6 more ‘C’mon, man!’ moments
Regular followers of CW columnist Richard Steinberg will recognize his ‘C’mon, man, moments’—those peculiar business world goofs that leave us all perplexed. From overboarding to outlandish expense reporting, enjoy this latest installment.
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Article
Executives and investors form alliance to drive better governance
In part an after-effect of say-on-pay rules, shareholders are finding corporate executives and their boards increasingly willing to improve upon their once confrontational relationship. Joe Mont reports.
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BlogStudy: cash retainers for board service reach new highs
While median pay for outside directors at the nation’s largest corporations increased modestly in 2015, the growing trend of taking a fixed approach to director pay drove the annual cash retainer for board service to $100,000 for the first time, according to an analysis by Willis Towers Watson. Joe Mont ...
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Blog
IFRS Foundation names new director for trustee activities
The IFRS Foundation has appointed Richard Thorpe as its new director for trustee activities. He replaces David Loweth, who will step down from his full-time position to take up a part-time role looking at developments in corporate reporting and their relevance to IFRS standards.
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Blog
Are long-standing directors the ‘new insiders’?
The notion persists that long-tenured directors are too familiar with the organization to provide useful, objective leadership. But as CW columnist Richard Steinberg points out, there is definitely something to be said for deep experience and expertise.
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Blog
Hostilities resume between the SEC and institutional investors
It was all going so well. Institutional investors had made numerous efforts to comply with new SEC rules monitoring proxy advisers, but fresh legislation—HR 5311—might drive a permanent wedge between corporate boards and proxy advisers. More from columnists Stephen Davis and Jon Lukomnik.
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Blog
VW’s Dieselgate has finally reached the automaker’s C-Suite
The VW emissions-testing scandal has reached the embattled automaker’s C-Suite. It was only a matter of time. Tom Fox reports.
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Article
New blood at the Serious Fraud Office
A report from Her Majesty’s Crown Prosecution Service Inspectorate has attacked the Serious Fraud Office for being a largely white, all-male board. Paul Hodgson examines the merits of the report and the SFO’s response.
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Blog
Risk reporting to the board
On the heels of Jim DeLoach’s “Six Principles for Improving Board Reporting,” Richard Steinberg offers four more principles regarding board risk oversight to ensure effective risk management, establish who is responsible for it, put board reporting in its proper context, and set channels of communication.
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Article
How CCOs went from a board-level afterthought to a strategic partner
In a perfect world, chief compliance officers should not be an afterthought for the board of directors, but rather a strategic partner. Joe Mont recaps a CW 2016 panel discussion on strategies CCOs can take to gain the ear, if not mindshare, of directors.
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Blog
Former CalPERS CEO gets four years in prison
A California federal judge yesterday sentenced the former chief executive officer of the California Public Employees Retirement System to four years and six months in prison for engaging in a bribery and corruption scheme.
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Blog
Seven myths of boards of directors—part II
Last month, Rick Steinberg looked at myths around corporate governance, including accusations levied by some institutional investors and others. Here he looks at more such myths, with analysis and insight into which claims are on point—and which are not—along with how some accusers appear to be seeking to serve their ...
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Blog
Walmart prevails in shareholder FCPA-related derivative case
Walmart’s board of directors successfully moved to dismiss a shareholder FCPA-related derivative claim, in which shareholders accused the directors of breaching their fiduciary duties in connection with a massive bribery and corruption scandal at the retail giant’s Mexico operations. Jaclyn Jaeger reports.
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Blog
How the U.K.’s “shareholder spring” has put compliance in the driver’s seat
As the United Kingdom’s “shareholder spring” subjects numerous top-index firms to repudiations of carefully planned executive compensation plans, Stephen Davis and Jon Lukomnik discuss how the trend of compliance as a value creator and as the primary method of enforcing good behavior is becoming too big to ignore.
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BlogOf power and responsibility
With great power comes great responsibility. The Norwegian Oil Fund already knows that, but it appears the company will give the entire world a responsiblity lesson as it takes more interest in the corporate governance policies of those firms in which it invests. The Man From FCPA Tom Fox has ...
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Blog
Telenor offers lessons on joint ventures
A report published last month by Deloitte details how Norwegian telecommunications company Telenor handled its 33 percent ownership in VimpelCom. Although the report did not find any evidence that employees engaged in corrupt activity, it did uncover several internal weaknesses in Telenor. Jaclyn Jaeger looks at lessons learned.
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ArticleBleeding out: Theranos oozes with corporate governance lessons
A year ago, Theranos was a Silicon Valley health tech “unicorn” praised for breakthrough advancements in blood testing. Now it’s under civil and criminal investigation for defrauding investors. The role Theranos’ board has played in this is already shaping up to be a pointed object lesson for board best practices ...
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BlogWomen on boards: non-executive progress, executive stagnation
A new study of female representation on boards ranks Norway first, with women comprising, on average, 38.7 percent of total board membership. Switzerland ranks dead last, with average representation of women at just 16.1 percent. Paul Hodgson provides an in-depth look at the results.
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Article
Is this U.K. Shareholder Spring III?
Amid numerous shareholder revolts at U.K. companies over executive pay, Paul Hodgson examines how, since pay votes became binding two years ago, the shareholders themselves are wasting no time to exercise their power in which might be less of a demonstration and more of a revolution.
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Blog
Mutual funds call for corporate board accountability
As proxy season begins, holding boards accountable is the new black, and issues such as proxy access and dual-class companies are giving critics and activist shareholders new avenues for holding corporate board members’ feet to the fire. More from Stephen Davis and Jon Lukomnik.