2020-03-16T17:11:00+00:00By Kyle Brasseur
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.
2020-03-11T20:17:00+00:00By Jaclyn Jaeger
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.
2020-03-09T15:39:00+00:00By Jaclyn Jaeger
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.
2020-02-18T18:42:00+00:00By Jaclyn Jaeger
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.
2020-02-12T21:07:00+00:00By Aly McDevitt
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.
2020-01-15T20:20:00+00:00By Jaclyn Jaeger
According to a Willis Towers Watson survey, the majority of U.S. publicly traded companies would not remain silent if given the opportunity by the SEC to respond to proxy advisor voting recommendations.
2020-01-14T20:30:00+00:00By Jaclyn Jaeger
Fund manager BlackRock announced several new initiatives with a focus on sustainable investing, including holding companies and boards more accountable where they are not making enough progress on sustainability-related disclosure.
2019-12-31T14:43:00+00:00By Jaclyn Jaeger
New York Governor Andrew Cuomo has signed legislation requiring a study to be conducted on the number of women directors who serve on each board of directors of domestic and foreign companies authorized to do business in New York.
2019-12-30T18:42:00+00:00By Jaclyn Jaeger
A new study from Protiviti and North Carolina State University not only highlights those risks companies should keep an eye on in the coming year—it also prompts leadership to explore whether or not they’re taking enough risks.
2019-12-18T20:51:00+00:00By Lori Tripoli
A Conference Board analysis of trends in shareholder voting and activism in Russell 3000 corporations demonstrates more shareholder savvy and creativity in pursuing social and environmental issues.
2019-11-22T16:01:00+00:00By Maria L. Murphy
A recent PCAOB open meeting reviewed details about shareholder outreach and offered a view into its five-year strategic plan.
2019-11-22T15:53:00+00:00By Lori Tripoli
A new survey from the U.S. Chamber of Commerce and Nasdaq says the number of companies identifying conflicts of interest at proxy advisory firms has almost doubled.
2019-11-20T20:55:00+00:00By Lori Tripoli
If enacted, legislation on corporate board diversity would require the SEC to work on strategies to increase gender, racial, and ethnic diversity on corporate boards.
2019-11-15T20:49:00+00:00By Lori Tripoli
Touting the SEC’s recent accomplishments, Chairman Jay Clayton maintains modernization helps advance the regulator’s “tripartite mission” and gives some hints about next year’s agenda.
2019-11-06T18:55:00+00:00By DeAnn Orie
SEC Chair Jay Clayton and Commissioner Elad Roisman, among others, convened a roundtable to explore proposals to proxy voting rules calling for consistent regulation across the markets and better disclosure of conflicts to clients.
2019-11-04T19:51:00+00:00By Jaclyn Jaeger
The role board directors of public companies play in providing oversight and governance around business strategy, investments, and policies—and their focus on emerging issues—has reached new heights, according to the findings of BDO’s 2019 board survey.
2019-10-16T19:46:00+01:00By Jaclyn Jaeger
Argo Group International Holdings recently announced the launch of a review into governance and executive compensation matters following an SEC subpoena and harsh criticism from an activist investor group.
2019-10-15T14:12:00+01:00By Jaclyn Jaeger
A federal securities lawsuit against AT&T and multiple executives of the company mirrors many of the same troubling ethics and compliance failures that plagued Wells Fargo. Inside, we take a deep dive into the allegations.
Procter & Gamble at its 2019 Annual Meeting of Shareholders elected Christine McCarthy, currently chief financial officer of The Walt Disney Company, to its board of directors, effective immediately.
2019-10-08T17:19:00+01:00By Jaclyn Jaeger
The number of board nominees who failed to receive majority shareholder support in the first six months of 2019 reached a five-year high, according to the latest ProxyPulse report.
2019-09-30T17:35:00+01:00By Jaclyn Jaeger
Starting next year, Canadian companies will be required to disclose much more about their diversity efforts, including many who will have to do so for the very first time.
2019-09-18T17:10:00+01:00By Jaclyn Jaeger
The Council of Institutional Investors overhauled its policy on executive compensation, urging public companies to dial back the complexity of their plans and set longer periods for measuring performance for incentive pay.
2019-09-17T16:46:00+01:00By Jaclyn Jaeger
The SEC has charged two subsidiaries of Prudential Financial with failing to disclose conflicts of interest and making misleading disclosures to the boards for 94 funds they advised.
2019-09-12T17:42:00+01:00By Jaclyn Jaeger
Audit committees continue to increase the amount of disclosures they are providing to shareholders across a wide variety of categories, according to a recent analysis conducted by EY.
2019-08-28T19:09:00+01:00By Jaclyn Jaeger
New SEC releases address the applicability of proxy rules to proxy voting advice and provide guidance to investment advisers in fulfilling their proxy voting responsibilities, particularly when they retain the services of a proxy advisory firm.
2019-08-22T18:49:00+01:00By Jaclyn Jaeger
While some mock the true intent of the Business Roundtable’s newly revised “Statement on the Purpose of a Corporation,” others are lauding the fact that it brings social responsibility into the limelight.
2019-08-20T15:19:00+01:00By Neil Hodge
Amid pressure from Chinese authorities after initially not penalizing employees for taking part in the Hong Kong pro-democracy protests, two top Cathay Pacific executives have tendered their resignations.
Applied Materials has appointed Yvonne McGill, currently chief financial officer and senior vice president of the Infrastructure Solutions Group at Dell Technologies, to serve on its board of directors.
The Institute of Internal Auditors announced the election of a newly structured global board of directors for 2019-20.
2019-06-25T15:52:00+01:00By GRC Announcements
The governing board of the Center for Audit Quality (CAQ) has elected EY’s Kelly Grier and BDO’s Wayne Berson as its chair and vice chair, respectively.
2019-06-05T19:10:00+01:00By Joe Mont
The Securities and Exchange Commission has adopted rulemaking intended to enhance the quality and transparency of investor relationships with investment advisers and broker-dealers.
2019-06-03T14:17:00+01:00By Jaclyn Jaeger
The fact that ExxonMobil continues to think only about its bottom line and is indifferent toward the devastating global consequences of its actions demonstrates a corporate culture with no moral compass.
2019-05-30T15:51:00+01:00By Tammy Whitehouse
The SEC has stuck to its promise to focus on initiatives that can improve capital formation and lighten the regulatory burden.
2019-05-22T19:51:00+01:00By Tammy Whitehouse
While the rancor appears to have softened a bit, General Electric shareholders are still signaling to the audit committee that they want a new auditor.