Luckin Coffee, the China-based equivalent of Starbucks roiled by allegations of fabricating millions in 2019 sales, has fired its CEO and reshuffled top leadership as part of its ongoing internal probe.
Boards & Shareholders
Posted inBoards & Shareholders
Elon Musk again tests SEC with ‘stock price is too high’ tweet
Tesla CEO Elon Musk is at it again on Twitter, this time with a comment he made about the electric car company’s stock price being too high.
Posted inBoards & Shareholders
Glass Lewis and ISS issue new policy guidance on impacts of the coronavirus
Glass Lewis and Institutional Shareholder Services both issued new policy guidance this week on how they intend to approach a variety of matters around the coronavirus pandemic, including executive compensation.
Posted inBoards & Shareholders
SEC promotes virtual board meetings amid coronavirus crisis
The SEC has shared guidance to assist public companies, investment companies, shareholders, and other market participants affected by the coronavirus pandemic with their upcoming annual shareholder meeting obligations.
Posted inBoards & Shareholders
Ten steps your business can take to mitigate coronavirus risks
As the coronavirus worldwide pandemic spreads, the ramifications for any business has gone from temporary disruption to a serious impediment. Here are 10 steps your company can take to mitigate its risks.
Posted inBoards & Shareholders
Wells Fargo former board chairs hesitant to accept accountability
Elizabeth Duke and James Quigley remained unwavering about accepting any sort of accountability in their oversight roles as former board members of Wells Fargo at a tense Congressional hearing Wednesday.
Posted inBoards & Shareholders
Two Wells Fargo board members resign ahead of congressional hearing
Two Wells Fargo board members who were scheduled to testify at a congressional hearing this week in the aftermath of the financial institution’s fake account scandal have resigned.
Posted inBoards & Shareholders
ESG at the vanguard of company objectives in 2020
According to the latest research, 2020 may be the year when corporations finally embrace environmental, social, and governance initiatives.
Posted inBoards & Shareholders
SeaWorld Entertainment to pay $65M in shareholder class action
SeaWorld Entertainment disclosed in a recent regulatory filing it has reached a $65 million settlement to resolve a class-action lawsuit over allegations investors were misled about the impact of the 2013 documentary film Blackfish.
Posted inAccounting & Auditing
Spirit AeroSystems faces class action over accounting woes
In the wake of an ongoing accounting probe and the resignation of two top finance executives, Spirit AeroSystems is facing a class-action lawsuit filed on behalf of shareholders.
