Corporate governance - Vigil

Much of the time most people do not think about the complex choreography that makes modern shopping possible. You just click and wait—and not too long, mind—for a package or three to arrive on your doorstep. Over the past few months, however, the world’s supply chains have elbowed their way into the foreground, as surging demand for goods and supply disruptions have restricted the flow of trade. At ports around the world, dozens of ships stacked high with containers wait at anchor for their turn to unload, while the cost to ship a box from China to America’s west coast has jumped roughly tenfold from the pre-pandemic level.

Goldman Sachs said that with the surge in global gas prices, a colder winter in Europe and Asia could in turn boost demand for oil, driving a $5 per barrel upside risk to its fourth quarter 2021 Brent price forecast of $80 a barrel.

In this study, we take a novel approach to further our understanding of the effects of these conflicts of interest by studying the impact of competitive shocks to important product market relationships and executive option compensation.

The Federal Reserve is launching a review of its internal rules governing the financial activities of its officials in the wake of news last week that the leaders of the Dallas and Boston regional Fed banks actively traded in financial markets.

Britain’s energy companies could be offered emergency state-backed loans to take on unprofitable customers from failing smaller suppliers, as ministers struggle to contain the crisis sparked by high gas prices.

Six senior Evergrande executives face “severe punishment” for securing early redemptions on investment products that the indebted Chinese property group subsequently told retail investors it could not repay on time, the company has said.

The combined investment firm would be called Alvarium Tiedemann Holdings and be valued at roughly $1.4 billion in the deal with the SPAC Cartesian Growth Corp., the people said. The merger could be announced as soon as this week.

In this study, we take a novel approach to further our understanding of the effects of these conflicts of interest by studying the impact of competitive shocks to important product market relationships and executive option compensation.

This post looks at how companies approach public engagement on social, political, environmental, or public policy issues and the related role of the board. It presents findings from a July 2021 survey of in-house members of the Society for Corporate Governance that addressed, among other matters, designation of a company spokesperson; governing documentation; the role of management; board oversight and practices; and stakeholder engagement.

California companies are scrambling to bring on diverse board members ahead of a new state law’s end-of-year deadline, but recruiting women of color has proven a challenge for many.

The sceptics have plenty of fodder. The earliest adopters of bitcoin, the original cryptocurrency, used it to buy drugs, while cyber-hackers now demand their ransom in it. Hundreds of millions of dollars of ether, another digital money, were stolen this year after hackers found a bug in some code. Many “believers” are in reality trying to get rich quick from the global mania that has seen the value of cryptoassets reach $2.2trn. Others are freakishly devoted. The entrepreneur who announced in June that El Salvador was adopting bitcoin as an official currency sobbed on stage, claiming it would save the nation.

On Friday, the SEC announced settled charges against Kraft Heinz Company, its Chief Operating Officer and Chief Procurement Officer for “engaging in a long-running expense management scheme that resulted in the restatement of several years of financial reporting.”

Power shifts, flows and recombines and nowhere more so than inside Australia’s corporate boardrooms. As millions of retail shareholders prepare for the annual general meeting season, which kicks off in earnest next month, the spotlight will soon be on the performance of the non-executive directors at the very top of the nation’s biggest companies who wield enormous influence over the economy and society.

Les États-Unis laisseront entrer à partir de « début novembre » tous les voyageurs en provenance de l’étranger à condition qu’ils soient entièrement vaccinés contre la COVID-19, a annoncé lundi la Maison-Blanche.

Ms. Rotenberg, who announced last week she is leaving her role at BMO, will replace Kathy Murphy as the head of Fidelity’s $4.1-trillion personal investing division at the end of November. Earlier this year, Ms. Murphy announced her decision to step away from her role before the end of the year.

Alberta’s COVID-19 vaccine passport system comes into force today.

The program allows businesses and venues to operate without capacity limits and other public health measures if they require proof of vaccination
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or a negative test result from anyone entering.

CarbonCure Technologies Inc., a Canadian carbon-tech company that has backing from funds led by Amazon.com and Bill Gates, is planning a new funding round for its expansion and is considering an initial public offering, its chief executive officer says.

Brookfield Asset Management, the alternative Canadian asset manager, has made a A$9.6bn (US$7bn) takeover offer for Australian energy group AusNet Services, as global investment groups continued their sweep of the country’s infrastructure.

Departure talks come as the company deals with a DOJ investigation into billions of dollars in losses in its Structured Alpha funds

European cloud-services provider OVHcloud plans to launch a possible initial public offering, the company said Monday, a deal that could value the business at more than $4.7 billion.

Based in Roubaix, France, OVHcloud rents computing, storage and networking capability to users, overseeing a network of dozens of data centers across North America, Europe, Singapore and Australia. It also operates its own fiber-optic network globally that the company claims gives it a competitive edge.

Companies in the United States and elsewhere continue to face extreme pressure to respond to climate change, with respect to both business operations and disclosures. In the most recent U.S. development on this front, the State of Vermont yesterday brought civil claims against a series of energy companies under its state consumer protection statute, alleging deceptive acts and unfair practices in connection with their marketing, sales and other operations in and outside of the state.

The rapidly growing focus on environmental, social and governance (ESG) matters that marked 2020 continued to shape events for companies operating or based in the U.K. and Europe in 2021. Discussions of ESG are occurring at all levels, from the boardroom to investors to employees, and governments, regulators and companies are all being encouraged to take these matters into consideration. 

In this article, we take stock of those predictions, discuss new issues that have emerged over the year and identify the trends we think will be prominent during the remainder of 2021.

Lloyd’s is deep in a battle to fix the culture of a market that has long been male-dominated and where non-white colleagues do not feel as supported as their peers.