The bank, which is by far the biggest shareholder in the company, ... structure and was also not “acting in line with good corporate governance standards”...
SSE plc (LSE:SSE) is close to being split into two separate blue-chip companies following pressure from a Wall Street activist. The Daily Telegraph has learnt that SSE, chaired by former civil service head Sir John Manzoni, could announce the plans in the coming weeks at the company's interim results. Insiders cautioned that the split was yet to be finalised and the board could still decide to sell to one of the businesses to private equity or scrap the plans altogether...
Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said...
Stellantis NV said Friday that its Chief Executive Officer Carlos Tavares has decided to leave the board of directors of European plane maker ...
The last few years have seen a sea change in the way companies and their stakeholders think about their role in the community and the wider world. CFOs need to think about "value" differently, says AT&T's CFO...
Shareholder returns are more important for Chevron than investing in wind and solar energy, chief executive Mike Wirth told CNBC in an interview. "These [wind and solar] are technologies that are relatively mature. There is plenty of capital that's available. The returns in wind and solar are actually being bid down, and we've concluded that management in our company can't create value for shareholders by going into wind and solar."
Analysts want action while confidence in management is depleted but activists have no short-term fixes...
(Reuters) - More than half of 530 corporate executives have little or no confidence in the reliability and maturity of their environmental, social and corporate governance (ESG) programs, according to a global survey from corporate governance advocacy non-profit OCEG...
Aside from Jeff Bezos, Mark Zuckerberg and members of Walmart Inc.’s Walton family, no individual has earned more from selling stock in their company over the past year than a used-car magnate from Arizona...
The U.S. Securities and Exchange Commission awarded about $114 million in total to two whistleblowers, including one who provided independent analysis to the regulator that helped substantially advance investigations, the SEC said. With the latest awards, the SEC whistleblower program has paid out more than $1 billion to 207 whistleblowers since issuing its first award in 2012, the agency said. That marks a milestone for the SEC whistleblower program created by the 2010 Dodd-Frank Act...
Views differ on what information is financially material for an investment, and it is the Securities and Exchange Commission’s job to draw this line, deciding what companies must disclose, and what they don’t have to. Over the years, the requirements have changed to include risk factors, executive compensation, and other new information. The latest debate is whether environmental, social and governance, or ESG, issues should be added to the list...
Median pay for board members held steady at $310,000 at the biggest 100 companies...
LONDON (Reuters) - Activist Bluebell Capital Partners has urged Belgian chemicals company Solvay to replace Chief Executive Ilham Kadri, saying she had failed to stop the discharge into the sea of waste from a soda ash production plant in Italy. The move is part of Bluebell's campaign aimed at creating change at companies it says are falling short on environmental, social and governance (ESG) issues and reflects a growing trend among activists to target companies over ESG shortcomings...
One of the world’s most aggressive activist hedge funds is targeting a break-up of SSE, the British energy group...
NEW YORK - Facing pressure from environmentalists, Chevron boosted spending Tuesday for "lower carbon" ventures and unveiled plans to reduce emissions from its operations in a pitch that drew shrugs from climate activists...
Proxy advisers Institutional Shareholder Services Inc (ISS) and Glass Lewis & Co gave diverging recommendations to investors on voting on FedEx Corp CEO Fred Smith's $54 million pay package, after a labor union challenged the plan...
House Democrats are set to propose raising the top corporate tax rate to 26.5%, people familiar with the matter said, among other plans that fall short of President Joe Biden’s ambitions in a bid to help improve chances of passing a major social-spending package...
A battle between Box and its majority shareholder Starboard Value over control of the board ended today when the company's slate of directors easily defeated Starboard's. It culminated months of maneuvering on both sides as they battled for control of the company...
In its heyday, Theranos' network of investors, board members , and other affiliates was ... Kissinger was a member of Theranos' board of directors...
Activist hedge fund Elliott Management Corp. has a more than $1 billion stake in Citrix Systems Inc. and wants the software company to take action to boost its lagging stock price, according to people familiar with the matter...
(Bloomberg) -- When American Campus Communities Inc. announced the signing of a $1 billion sustainability-linked credit line in May, its executives decided to take a victory lap. For the first time, they said, the company was tying its borrowing costs to targets ranging from improved energy efficiency to workforce and boardroom diversity. The largest owner of college apartments in the U.S. even put out a press release touting its commitment to environmental, social and governance goals...
(Bloomberg) -- Companies that have gone public in the last two decades have had few minorities on their boards, a new report finds. Black directors have held only 49 of about 4,700 board seats created at companies backed by the top 18 private equity and venture capital firms, according to the report released Tuesday by the Board Diversity Action Alliance. The group is working to boost boardroom representation...
