Corporate governance - Vigil

China’s economy surged 18.3% in the first quarter from a year earlier, a record rate of growth that reflected the recovery from a deep coronavirus-induced trough in early 2020 and the continued momentum of the world’s second largest economy.

The European Union said on Friday that Britain should not change trading rules in Northern Ireland on its own and that the bloc would continue its legal case over unilateral British action in the province for as long as necessary.

General Electric is heading for a showdown over a $47m bonus for its chief executive Larry Culp, after the two largest shareholder advisers recommended investors vote against the pay package in protest at the decision to relax his performance targets.

Two members of Toshiba Corp's nomination committee, including board chairman Osamu Nagayama, met Kurumatani, himself a former CVC executive, and told him they intended to look for a new chief executive, three of the people said.

The figures include stock-option awards of nearly $1.7-million apiece, granted a week after they left their executive jobs in February, 2020, to remain on the company’s board as chairman and deputy chairman, respectively.

Mr. Lutke said in a blog post that chief talent officer Brittany Forsyth, chief legal officer Joe Frasca and chief technology officer Jean-Michel Lemieux would all “transition out of their current roles,” which they have all held for at least six years, in the coming months.

The world’s biggest fund manager reported a 19 per cent year-on-year rise for first-quarter revenue to $4.4bn, beating a forecast $4.3bn, boosted by strong organic growth and higher performance fees.

Italy has hiked its target for this year’s budget deficit to 11.8% of gross domestic product from an 8.8% projection made in January, a government source told Reuters.

Both Danone and Unilever were led by CEOs who were titans of the corporate social responsibility (CSR) movement and transformed their firms into beacons of what a ‘good’ firm could be. This made them targets of activist hedge funds. However, Unilever’s former CEO, Paul Polman, was able to deflect hedge fund activism, whereas Faber was not. It is worth understanding why. 

The company says the move is for family reasons and that it understands the decision and fully supports Lauziere.

The aid package was larger than industry watchers were expecting, while the government stands to benefit from potential upside and shares the risk if things go poorly

Federal debt—incurred when the government sells Treasury bonds, bills, notes and other securities to help cover its costs—recently hit an all-time high, thanks in part to foreign investors who are happy to park their cash in the U.S.

The United States is preparing for the possibility that a booster shot will be needed between nine to 12 months after people are initially vaccinated against COVID-19, a White House official said on Thursday.

Alberta’s government-owned investment fund named veteran Crown corporation leader Evan Siddall as its new chief executive officer on Thursday, while announcing the $118-billion asset manager significantly underperformed its benchmark last year.

Denmark said on Friday it would reopen the economy sooner than expected as COVID-19 infections decrease, allowing indoor service at restaurants and cafes and football fans to cheer from the stands from April 21, weeks earlier than originally planned.

China's recovery hasn't yet plateaued after it became the first major economy to contain the spread of coronavirus and return to growth

After more than a decade marked by economic and financial crises, Greece is looking to rebuild its economy with a plan to spend billions of euros from the EU’s post-pandemic recovery fund, and in the process to transform its industrial model, attract foreign investment and mend public finances.

Bank of Nova Scotia’s compensation plan for top executives is facing resistance from investors after an influential shareholder adviser flagged a perceived gap between the bank’s performance and the CEO’s pay.

Dino Infanti Partner, National Leader, Enterprise Tax KPMG, talks with Financial Post’s Larysa Harapyn about whether Ottawa will unveil new taxes in the budget.

Penetrating the haze that surrounds corporate bigwigs and their titles

Dell Technologies Inc. said Wednesday it would spin off its stake valued at $52 billion in cloud-software company VMware Inc., in a deal the personal-computer maker said would strengthen its financial position as it looks at new markets and works to reach clients revamping their digital strategies.

With its extensive network of hydroelectric dams, the Canadian province of Quebec has long been the country's leading energy producer. It's now on a steady path to become North America's main supplier of renewable energy and related technologies. However – and perhaps not surprisingly – the people of Quebec rank among the biggest energy consumers on the planet, with a heavy carbon footprint.

Air Canada’s decision to give the federal government a stake in the country’s airline in exchange for low-cost loans is putting pressure on rival carriers to cut similar deals, and concede a portion of any postpandemic recovery to Ottawa.