Corporate finance departments are becoming more efficient, and they will have to do more with less this year: Budgets are set to decline at a time when to-do lists are getting longer.
Serving on the board of an at-risk company is both challenging and time-consuming. However, hard times can also be a great teacher. In this episode, Laura Lee, former board member with American Apparel, shares her board experience during a time of company turmoil. Joining the board of American Apparel in 2014, Lee navigated everything from bankruptcy to strained labor relations.
Aside from cases of bumpitrage – extracting a higher price for a minority holdout position in the aftermath of a public takeover by exploiting certain loopholes in German legislation – and activist short-selling, ‘traditional’ shareholder activism has been strong.
Most investors remain unaware of coming legislation that will protect them from doing business with unqualified financial advisers and financial planners, according to a new survey from a financial sector lobby group that has spent years pressing for mandatory industry credentials.
Nissan’s new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn.
British Columbia, a province that snatched the “highest auto insurance rates” crown away from Ontario a few years ago, has unveiled sweeping changes to how its residents will now be covered.
The Business Roundtable, a group of executives of major corporations in the United States, recently released a statement on the purpose of a corporation that reflects a shift from shareholder primacy to a commitment to all stakeholders. While the statement seems radical to some, it is consistent with recent Canadian corporate law. Boards of directors in Canada have had to make decisions incorporating the concepts expressed in the Business Roundtable statement for over a decade.
If a CEO wants to advocate on healthcare or the environment, will it help or hurt the company? How will consumers and employees respond? And should boards set limits on activism? Professor David Larcker shares how the role of CEO is evolving as the line between business and politics continues to blur.
As Bombardier Inc. burned through cash from a struggling rail business and saw signs of a weakening private jet market, its board of directors came to a reluctant conclusion late last summer: The company was going to hit a wall if it didn’t take drastic action.
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