Both the substance of the proposed value-destroying transaction and the conflict-tainted process by which it was hatched are an insult to long-suffering Xerox shareholders and make a mockery of well-established corporate governance norms. Fuji - with the able assistance of Xerox CEO Jeff Jacobson ...
The acrimonious fight over the future of Xerox Corp. looks set to worsen after two of its largest shareholders, activist investor Carl Icahn and Darwin Deason, released a report alleging widespread corporate governance failures in the way the company negotiated its $6.1 billion sale to Fujifilm Holdings Corp...
LONDON (Reuters) - Shareholders should reject the executive pay plans of Britain’s biggest bank HSBC ( HSBA.L ), a leading shareholder advisory group said on Tuesday...
One in 10 of Britain’s biggest firms falling short on boardroom gender targets Oil giant BP is among 35 companies being taken to task for failing to meet gender targets (Nick Ansell/PA) 0 comments Oil giant BP and retailer Sports Direct are among 35 of the UK’s biggest companies being taken to task for failing to meet targets to increase the number of women in the boardroom...
STAMFORD, Conn., Corporate Board Member, a division of Chief Executive Group and a market leader in board education, along with Spencer Stuart, a global, senior executive search firm, have released the results of the 15th annual What Directors Think survey, which reflects the opinions of more than 200 directors at publicly traded U.S. companies...
HOUSTON, April 17, 2018 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) announced today that its Board of Trustees and management team has sent a letter to shareholders in connection with Whitestone’s upcoming 2018 Annual Meeting of Shareholders to be held on May 17, 2018...
The amount, which is high even among CEOs, shot up to $7.3 million last year when he toured every American state...
LONDON (Reuters) - Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change...
Shares in Whitbread soared almost 7% after it emerged that an activist investor has built a stake to become the largest shareholder in the company. Elliott Advisors confirmed at the weekend that it now holds a stake of more than 6% in Whitbread...
(Reuters) - Activist investor Carl Icahn said on Monday that he plans to nominate five members to SandRidge Energy’s board. Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014...
Unilever's executive pay plan needs to be clear and achievable, Saker Nusseibeh, CEO of Hermes Investment Management, said...
(Reuters) - A lawsuit is alleging that Xerox Corp ( XRX.N ) Chief Executive Officer Jeff Jacobson pursued a deal with Fujifilm Holdings Corp ( 4901.T ), even after Xerox’s board advised him to halt negotiations, the Wall Street Journal reported on Sunday. FILE PHOTO - Xerox chief executive officer, Jeff Jacobson, takes part in an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 4, 2017...
Unilever faces a stand-off with shareholders over executive pay next month, after two influential shareholder advisory firms urged investors to reject the consumer goods giant's proposals. Unilever is attempting to swap its 'base salary' for a consolidated 'fixed pay' structure, which would mean it could hand larger pay rises and bonuses to its executives...
London Stock Exchange Group hired Goldman Sachs Group ’s David Schwimmer to run the 217-year-old bourse, ending a months-long search for a CEO by appointing another investment banker. He will join the group on Aug. 1 following a 20-year career at Goldman Sachs (gs) , the exchange said in a statement on Friday. Schwimmer, 49, takes up one of the most high-profile jobs in the City of London and is currently based in New York...
A 9.1 percent pay increase for new William Hill Plc Chief Executive Officer Philip Bowcock threatens to spark a shareholder rebellion at the U.K. bookmaking group. Institutional Shareholder Services Inc. , the advisory group that normally commands as much as 25 percent of shareholder support for its resolutions ahead of company annual general meetings, has advised William Hill investors to vote against the company’s remuneration report at its coming annual meeting...
Wolfsburg, Germany - Volkswagen is poised to replace chief executive Matthias Mueller with the head of its core VW brand, Herbert Diess, insiders say, as it looks to give fresh impetus to its recovery from an emissions scandal...
Ontario PC Leader Doug Ford is vowing to fire the head of Hydro One, and its entire board if he's elected premier in June. Ford made the announcement Thursday morning, calling President and CEO Mayo Schmidt, Premier "Kathleen Wynne's $6-Million dollar man," referring to his yearly salary and bonuses, which now add up to $6.2 million. "This board and this CEO are laughing themselves to the bank," Ford said...
HOUSTON (Reuters) - Exxon Mobil Corp ( XOM.N ) Chairman and Chief Executive Darren Woods’s compensation package rose about 4 percent last year to $17.5 million, his first year running the world’s largest publicly traded oil producer...
Instead of focusing on corporate governance , AutoNation chooses to “attack the person who is proposing the amendment,” he said. There has been some pushback from the SEC on shareholder proposals, with the regulatory agency issuing a legal brief suggesting some restrictions. The SEC declined to ...
The vote has drawn attention to Apple's concessions in China. And 5% is enough, under the SEC's rules, that Apple cannot block the proposal from next year's ballot. Shareholder proposals used to relate mostly to corporate governance —for example, splitting the roles of chairman and chief executive...
As shareholders with minority stakes in a business, we often place ourselves in the hands of insiders to act in our best interests as the stewards of our capital. Proper corporate governance practices go hand in hand with strong fundamentals in creating an attractive investment, with conflicts of interests ...