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The long-standing debate about corporate purpose has stirred multiple thought-provoking articles across various disciplines. Should companies embrace shareholder value maximization or deal with the fuzziness of the goals of multiple constituencies?
June 5 is World Environment Day, and as we advocate for climate-forward action, we must highlight how corporate power is exacerbating the climate crisis and how public power should be addressing it.
When companies are surprised by activist shareholders it’s often because management and the board don’t have a good idea of what investors are thinking and what their hot-buttons issues are. Today’s CEOs need a new breed of skilled investor relations officer (IRO) to bridge the gap. This person must be a proactive leader, building constructive relationships throughout the shareholder base to help the company mitigate various risks.
Berkshire Hathaway needs a leader who will take a fresh look at performance and governance
Olympus is a notable example of how attitudes at some Japanese companies have quietly changed in recent years. The government's recent push for better governance has brought in a wave of seasoned global activists, such as Elliott Management and Third Point, to Japan; the number of activist funds operating in the country has also more than doubled in three years.
The pandemic has proved the viability of ESG metrics, and the business world may be changed for good.
Proxy season is coming and no company is immune from activist campaigns. A look at what attracts an activist investor, common activist objectives and how to be prepared for anything.
ArcelorMittal will offer green certificates to customers willing to pay a premium for low-carbon steel, it said on Wednesday as it also launched a fund to support breakthrough technologies to curb carbon emissions from steelmaking.
In a watershed moment for Japanese corporate governance, Toshiba Corp shareholders will vote this Thursday on whether there should be an independent probe into allegations that investors were pressured ahead of last year’s annual general meeting.
Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden’s Ericsson and China’s Huawei.
Despite public assurances and lofty goals, most companies do not comprehend what is at stake in the climate era.
Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday.
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Institut sur la gouvernance (IGOPP)
February 24, 2021 9:49 AM
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In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years.
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The time is now to prove they can go beyond just bland emissions reduction pledges
As activist activity shows signs of picking up relative to last year, there’s scope for issuers to learn lessons from the forced adoption of one-to-many digital communications, advisers say.
The subjects falling within the purview of U.S. public company board of director oversight have grown to encompass virtually any subject that an investor, stakeholder or other party raises as being potentially material to a company and, therefore, needing board attention.
Shareholders are becoming more vocal in demanding companies disclose the risks of climate change.
Crisis management often seems to be the order of the day. But directors must of course look beyond the current turmoil and ensure the company is well positioned to survive and thrive in the coming months and years. This Advisory elaborates on several key focus areas for Boards in the current environment.
The difference between industrial and financial corporations is no longer clear. Both are now units of finance capital organised around managing portfolios of financial assets. Stephen Maher and Scott Aquanno write that the global restructuring that has accompanied these developments has certainly made working class life more precarious, but far from simply ‘hollowing out’ production, finance has in fact been integral to the capitalist globalisation of recent decades.
In a letter dated today, the group — including Macellum Advisors GP LLC, Ancora Holdings Inc., Legion Partners Asset Management LLC and 4010 Capital LLC — sought the support of shareholders through a vote to replace some of the board’s existing members.
Canadian home prices accelerated in February, rising 0.5% from January with all 11 major markets rising on the year for the first time since 2018, data showed on Wednesday.
The business model of these unpopular market actors is constantly under attack; by regulators, CEOs and, most recently, by the new online generation of retail investors. Yet it’s important to note that short sellers, though they’re frequently despised, are often misunderstood.
We examine what attracts an activist investor, common activist objectives and the board’s role in preparing for and responding to an activist.
A new Crunchbase study suggests that while there has been improvement on boardroom diversity within privately-owned companies, such change can at best be described as mild “progress.”
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Scooped by
Institut sur la gouvernance (IGOPP)
February 26, 2021 9:40 AM
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There is more agreement about the damage short-termism is doing than about how to defeat it. But the evidence is piling up on how long-term thinking need not sacrifice returns now
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Scoop.it!
