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.
Boards & Shareholders
Posted inBoards & Shareholders
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.
Posted inBoards & Shareholders
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.
Posted inBoards & Shareholders
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.
Posted inBoards & Shareholders
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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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.
Posted inBoards & Shareholders
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.
Posted inBoards & Shareholders
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.
