If you need to take over a company in order to remove bad management, what does that imply about the effectiveness of corporate oversight and
governance by shareholders?
Not exact matches
The fight for Canadian Pacific Railway
by its largest
shareholder, Pershing Square Capital Management, epitomizes a growing problem with public company
governance.
«Today, after welcoming its new directors Ursula Burns and John Thain, the Board voted unanimously to move forward with the proposed investment
by SoftBank and with
governance changes that would strengthen its independence and ensure equality among all
shareholders,» the board said in a statement to TechCrunch.
Other
Governance highlights key governance issues, such as high CEO pay, being raised by the investor community that this report does not track but is of interest to many sha
Governance highlights key
governance issues, such as high CEO pay, being raised by the investor community that this report does not track but is of interest to many sha
governance issues, such as high CEO pay, being raised
by the investor community that this report does not track but is of interest to many
shareholders.
We believe the corporate
governance measures noted above demonstrate that our Board has embraced independence, and our
shareholders have recognized the effectiveness of our current Board leadership structure
by re-electing our Chairman, the Lead Independent Director, and other Board members each year.
Ms. Bloxham is also the author of the
Governance chapter in The Investor Relations Guide (published
by Kennedy publications) and the Board chapter in Business Valuation Resource's Guide to Healthcare Valuation and the author / co-author of over 100 articles published
by, among others Corporate Board Member, Directors Monthly, Directorship Magazine, International Finance and Treasury, Bank Accounting and Finance, American Banker, National Underwriter, Valuation Issues,
Shareholder Value Magazine, CFO Magazine, Corporate Finance Review, the Wharton Leadership Digest, the Journal of Strategic Performance Measurement, Executive Talent, and the Journal of Cost Management.
Shareholder Proposals on Information Requests Only
Shareholder proposals have rightly played an important role in prodding companies both to adopt
governance measures and to disclose campaign spending, often following a model developed
by the Center for Political Accountability.
Lagardere
shareholders reject activist demandsShareholders in Lagardere SCA (MMB.FR) voted Thursday against motions proposed
by activist investor Amber Capital to change the group's corporate
governance.
Si2 provides overview reports on the main environmental, social and
governance issues raised
by activist
shareholders in their proposals to companies, as well as impartial breakout reports on the proposals awaiting votes at companies.
The new
shareholder proposal, which has been put forth
by the B.C. Government and Service Employees» Union general fund, is being presented as a way to improve corporate
governance and increase
shareholder value.
The appointments to these newly created positions are designed to better serve customer needs and are reflective of the rapidly changing corporate
governance landscape — from one of interactions driven primarily
by shareholder voting to an era of broad, year - round engagement.
Because CTK confer no
governance rights or
shareholder voting rights of any kind with respect to the CRYPTYK platform or the Company, all decisions involving the Company's products or services within the platform or the Company itself will be made
by the Company at its sole discretion.
«The Board voted unanimously to move forward with the proposed investment
by SoftBank and with
governance changes that would strengthen its independence and ensure equality among all
shareholders,» Uber's board said in a statement.
Even a # 1 million shareholding does not hold sway with executives who ignored a rebellion
by 36 % of
shareholders to make their Chief Executive also Chairman in contravention of good corporate
governance practices in 2005.
The newspaper quotes Redwood as saying: «If they don't understand that now they will find those of us organising the «get out» campaign will then make life difficult for them
by making sure that their customers, their employees and their
shareholders who disagree with them - and there will be a lot who disagree with them - will be expressing their views very forcefully and will be destablising their corporate
governance.»
«Capitalist firms are not Boy Scouts, and they are unlikely to place moral codes and «good
governance» above the interests and demands of their owners or
shareholders,» according to a paper published last year
by researchers at the International Institute of Social Studies in the Netherlands.
Lead the Company to embrace best practices in corporate
governance and remove
shareholder unfriendly
By - laws.
Target and Pershing Square now have the opportunity to proactively provide good corporate
governance to the Target
shareholders by making it convenient for them to make a choice in what, in the end, is their election.
The paper seeks to explain how activist investment strategies create
shareholder value and improve corporate
governance by resolving conflicts of interest between
shareholders, directors and management.
Examples of the lack of good corporate
governance that are blatantly hostile to
shareholders abound and include: (i) the retention of a staggered board, (ii) the adoption of a poison pill without
shareholder approval and at the extremely low trigger of 10 %, and (iii) the refusal
by the Board to allow
shareholders to vote on whether our offer was sufficient.
The phrase «good corporate
governance» is at best meaningless, and at worst a smoke screen to obfuscate what it really is: an attempt
by management to operate on behalf of «stakeholders» (read «parties other than
shareholders»), to adhere to the «triple bottom line,» «The Equator Principles,» and other similar ideas irrelevant to
shareholders.
May 22, 2009 Wintergreen Advisers welcomes new, independent directors to the board of Consolidated - Tomoka Land Co. & urges implementation of corporate
governance changes supported
by shareholders.
The authors also conclude that, besides establishing how much
shareholder value is generated
by increasing
shareholder rights and improving corporate
governance inside firms,
shareholder activism can create significant value:
Adopting one
governance proposal increases
shareholder value
by 2.8 %.
So we remain very much encouraged
by what we see in Japan in terms of corporate
governance and the ability of these companies to continue to payout
shareholder returns in the form of dividends — higher dividends — and share buybacks.
However, if the
Governance Committee determined that it would be in the best interests of the Trust to fill a vacancy on the Board of Trustees, and a
shareholder submitted a candidate for consideration
by the Board of Trustees to fill the vacancy, the
Governance Committee would evaluate that candidate in the same manner as it evaluates nominees identified
by the
Governance Committee.
Our expertise includes advising officers, boards of directors,
shareholders, and special litigation committees on a wide range of business disputes, including fiduciary duties, employment issues with minority and majority
shareholders, executive compensation, corporate freeze - outs, direct and derivative claims
by shareholders, internal investigations and other aspects of corporate
governance.
The proposed EU
Shareholder Rights Directive has the objective to overcome certain corporate
governance short comings in European listed companies and to encourage a more long - term oriented investment process and active engagement
by institutional investors and asset managers.
About Blog The Cleary M&A and Corporate
Governance Watch is published by Cleary Gottlieb's M&A and Corporate Governance practice groups to provide updates and insights on M&A and corporate governance matters, including developments in shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A a
Governance Watch is published
by Cleary Gottlieb's M&A and Corporate
Governance practice groups to provide updates and insights on M&A and corporate governance matters, including developments in shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A a
Governance practice groups to provide updates and insights on M&A and corporate
governance matters, including developments in shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A a
governance matters, including developments in
shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A agreements.
About Blog The Cleary M&A and Corporate
Governance Watch is published by Cleary Gottlieb's M&A and Corporate Governance practice groups to provide updates and insights on M&A and corporate governance matters, including developments in shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A a
Governance Watch is published
by Cleary Gottlieb's M&A and Corporate
Governance practice groups to provide updates and insights on M&A and corporate governance matters, including developments in shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A a
Governance practice groups to provide updates and insights on M&A and corporate
governance matters, including developments in shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A a
governance matters, including developments in
shareholder activism, corporate law and deal structuring as well as trends in the drafting of M&A agreements.