A California jury’s $137 million verdict against Tesla ( TSLA) in a racial discrimination case brought by a Black contract worker is notable for its size and because it was a rare employment grievance that played out in public court rather than in a closed-doors arbitration...

( BUSINESS WIRE )--Culp, Inc. (NYSE: CULP) today announced the election of John A. Baugh, Kimberly B. Gatling, and Jonathan L. Kelly as members of its Board of Directors following the company’s annual meeting of stockholders held earlier in the day. This press release features multimedia...

MELBOURNE (Reuters) - A group of six investors with a combined $4 trillion of assets under management, including Fidelity International, said on Wednesday it aims to step up engagement with big Asian companies like banks and energy producers to ensure they have a road map to meet climate change targets...

(BUSINESS WIRE )-- Quanergy Systems , Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the appointment of Karen Francis DeGolia as an independent board member...

(BUSINESS WIRE )--EnPro Industries, Inc. (NYSE: NPO), an industrial technology company, has elected Judith A. Reinsdorf to the company’s Board of Directors. Ms. Reinsdorf was previously Executive Vice President and General Counsel at Johnson Controls (NYSE: JCI) until her retirement in 2017. She held the same role at Tyco International from 2007 until 2016...

(Reuters) - BHP Group Ltd is in talks to sell its petroleum business to Australia's top independent gas producer Woodside Petroleum Ltd in exchange for shares, the companies confirmed on Monday. The world's biggest miner BHP also said it had begun a strategic review of the business — made up of assets in Australia, the Gulf of Mexico, Trinidad and Tobago, and Algeria — that analysts value at between $10 billion and $17 billion...

LONDON (Reuters) - Aviva will return at least 4 billion pounds ($5.5 billion) to shareholders, starting with an immediate 750 million pound share buyback, the British insurer said on Thursday, as it reported a 17% rise in first-half operating profit. But operating profit from continuing operations came in at 725 million pounds, below a company-provided consensus of 781 million pounds...

( BUSINESS WIRE )-- Luxfer Holdings PLC (NYSE: LXFR) , ("Luxfer" or the "Company"), a global manufacturer of highly-engineered industrial materials, announced today that David Landless will not be seeking re-election at the Company’s 2022 Annual General Meeting in accordance with the Company’s Corporate Governance Guidelines, which advises retirement of Directors after nine years’ service....

(Reuters) - Top asset manager BlackRock said on Tuesday it voted against 10% of company directors this year, up from 8.5% last year, as part of a more muscular approach to corporate governance. BlackRock gave the breakdown in its quarterly stewardship report, citing issues like a lack of boardroom diversity or director independence...

( BUSINESS WIRE )-- First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that its Board of Directors has extended the contract of its Founder, Chairman and CEO Jim Herbert through December 31, 2022, following which he will serve as Executive Chairman...

LONDON (Reuters) - Activist investor Elliott urged GlaxoSmithKline to consider the sale of its consumer healthcare business, which is being listed next year and said it saw scope to drive up the value of the group. Confirming for the first time that it had taken a significant position in GSK, Elliott set out five recommendations for the board as it prepares to split its two main businesses...

(Reuters) - Activist investor Engine No. 1 spent roughly $12.5 million to win three board seats at Exxon Mobil Corp, less than half its original budget, for the year's biggest and most closely watched corporate contest, people familiar with the number said. Engine No...

Toshiba shareholders on Friday rejected the reappointment of board chair Osamu Nagayama in a rebuke to management after revelations of attempts to sway voting on activist investor proposals. CEO Satoshi Tsunakawa said shareholders had voted down a bid to reappoint Nagayama and a member of the firm's audit committee. It came despite Tsunakawa offering his backing for the chairman of the board, and pledging to work on reestablishing trust after the damaging revelations of an independent probe...

GlaxoSmithKline ( GSK.L ) CEO Emma Walmsley will be updating shareholders on the company’s strategy later on Wednesday and she is sure to be grilled about many issues, not least activist shareholder Elliot Management’s stake. The company's shares dipped 1.5% ahead of the meeting, expected to start at 2pm BST...

Lyndon Taylor, Heidrick & Struggles Managing Partner of Diversity, Equity & Inclusion Practice, joined Yahoo Finance Live to break down the recent push for more board member diversity in Fortune 500 companies, according to a recent report...

NEW YORK (Reuters) - A majority of JPMorgan Chase & Co shareholders voted to approve bank executives' compensation packages and to elect all of the board members at the annual shareholder meeting on Tuesday. Two shareholder proposals received strong support but fell just shy of the majority of shares needed to pass. The first was a proposal that would have made it easier for some investors to act by written consent by reducing the ownership threshold required to start that process...

(Reuters) - FirstEnergy Corp, the U.S. utility that gave activist investor Carl Icahn seats on its board this year, is exploring divestitures as an alternative to raising cash by selling stock, according to four people familiar with the matter. Akron, Ohio-based FirstEnergy is trying to recover from the fallout of accusations it was involved with a $60 million bribery scheme involving financial aid for troubled nuclear power plants in its home state...

MILAN (Reuters) -Proxy adviser ISS recommended on Monday that Leonardo shareholders vote against a liability action promoted by activist investor Bluebell against the Italian defence group's CEO citing "the absence of a sufficiently compelling rationale". Last year CEO Alessandro Profumo was sentenced in the first instance to six years imprisonment for false accounting in his previous role as chairman of Banca Monte dei Paschi di Siena...

(Reuters) - Activist investor Edward Bramson has sold his firm's 6% stake in Barclays, disbanding a three-year effort to overhaul the British bank and ending a stand-off with chief executive Jes Staley...

Fresh Del Monte Produce Inc., one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, is pleased to announce the election of two additional members to its Board of Directors, Lori Tauber Marcus and Kristin Colber-Baker...

BEIJING (Reuters) -Chinese e-commerce giant Alibaba Group Holding has frozen pay for senior executives in 2021 and is instead giving junior staff bigger salary increases, sources said, in an effort to preserve its workforce amid a regulatory clampdown. Hundreds of top-tier executives at Alibaba are not entitled to salary hikes this year, unless they performed extraordinarily, four sources familiar with the matter said...

(Reuters) - Apple Inc, Amazon.com Inc, Ford Motor Co and Starbucks Corp are among the more than 100 companies that have come together to oppose U.S. state voting curbs that activist groups say unfairly target Black and other racial minorities. "We all should feel a responsibility to defend the right to vote and oppose any discriminatory legislation or measures that restrict or prevent any eligible voter from having an equal and...

(Reuters) - Proxy adviser Glass Lewis is recommending investors reject the nearly $30 million pay package for Johnson & Johnson Chief Executive Alex Gorsky, arguing that the healthcare company is shielding its top executives from the legal cost of poor business decisions...

(Reuters) - Pressure was mounting on Credit Suisse on Tuesday over losses linked to the downfall of Archegos Capital, with analysts warning its dividend and share buyback plans may need to go on hold and investors advised to vote against management pay...