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In recent weeks, activist investors have called on the company to split the CEO and chairman roles that Elon Musk currently occupies. Some investors also wanted to remove three directors that were up for re-election this year from the board: Antonio Gracias, Kimbal Musk, and James Murdoch.
The U.S. and China have reached a deal that will allow telecommunications company ZTE Corp. to continue to do business, requiring it to pay a $1 billion fine and place U.S. enforcement officers in the company to monitor its actions, Commerce Secretary Wilbur Ross said Thursday.
In a stunning setback for Quebec’s securities watchdog, a judge has dismissed the insider trading case against online gambling mogul David Baazov and two associates mid-trial because of mistakes by the regulator.
Warren Buffett and Jamie Dimon have teamed up to once again call for the end to quarterly earnings guidance by companies.
Some of Canada’s largest pension funds have joined forces with the federal government and other investors in a bid to advance the G7’s objectives of developing global infrastructure expertise, promoting women in finance in emerging economies, and increasing the disclosure of climate risks by corporations.
Maggie Timoney reaches Heineken USA’s top post after 20 years with the company.
Investors serious about climate change cannot settle for disclosure; their attention must now be on action, writes Sophia McNab of investment charity ShareAction.
In this episode, Larry Thompson, Chairman of the Ethics & Compliance Initiative and board member with The Southern Company & Graham Holdings Co., reminds us that behind every ethically competitive corporate culture is a strong board and management team allocating sufficient time, attention, and resources to this topic.
WestJet Airlines Ltd.'s board of directors has installed a new chief executive officer, a move that comes with only three months to go before starting a discount arm for the busy summer travel season.
The idea of bilateral deals landed with a thud in Ottawa, where several cabinet ministers insisted that Ottawa remains singularly focused on a three-country deal
Each year, a small number of companies confront crisis-level events that draw high-profile scrutiny from a range of stakeholders. A well-executed emergency response plan can help limit the immediate fallout from a negative incident. However, in recent years, the companies that have been the most successful in managing the longer-term effects of a crisis have paid an increasing amount of attention to the viewpoints and concerns of investors.
State Sen. Hannah-Beth Jackson is intent on changing gender inequality in California’s corporate world — from the top down.
Australia’s largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.
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This proposal simply asks for a shareholder right to call a special meeting. Special meetings are a way to bring an important matter to the attention of both management and shareholders outside the annual meeting cycle.
Marc Randolph occupies a quiet but critical position in the foundation of contemporary culture and technology: In 1997, he co-founded Netflix Inc. with his former colleague Reed Hastings. But while Mr. Hastings has ridden Netflix through a series of transformative changes – from online DVD-rental marketplace to streaming giant to massive original-content producer – Mr. Randolph, the founding chief executive officer, left its executive in 2002 and its board of directors in 2004, focusing on angel investing and early-stage startup mentorship.
Shareholders at the social network’s annual meeting protested ineffectually against its undemocratic voting structure, and backed boss Mark Zuckerberg. If only lawmakers in Washington, D.C. were so easy to please. Jen Saba explains.
Welcome to FP Magazine’s latest ranking for Canada’s largest corporations by revenue. Our research includes public firms, private companies, subsidiaries and Crown corporations, making the FP500 the most authoritative survey of Canadian business available.
A survey of around 1,130 C-suite executives by Deloitte found 63% expect their board in the next year to ask for more data about the effectiveness of cybersecurity programs, while 57% expect increased regulatory oversight. The survey found 17% of executives expressed high confidence in their cyber program.
Shareholder advisory group PIRC says the drinks company’s current chairman can not be considered independent.
Microsoft’s agreement to pay $7.5bn in stock for GitHub, an online service used by some 28m software developers, has produced what until recently would have been a highly unlikely union: a combination of the world’s biggest software company and the biggest online repository of open-source software code.
The European Union has confirmed it plans to target some €2.8bn of annual US imports with punitive tariffs as it gears up its retaliation against Washington’s decision to hit European steel and aluminium with additional duties.
The federal government is on a collision course with global internet platforms, vowing to force companies such as Facebook and Netflix to make a greater contribution to the creation of Canadian cultural content without passing on the cost to consumers.
La société de taxis électriques Téo Taxi est bien branchée. Tandis qu'Alexandre Taillefer est président de la campagne du Parti libéral, son associé au sein des entités qui possèdent Téo est le gendre de Christian Dubé, grand responsable des placements privés au Québec de la Caisse de dépôt et placement. La Caisse est le deuxième actionnaire de la société mère de Téo.
In the aftermath of the long-awaited Delaware Supreme Court appraisal decisions in Dell (which we reviewed in a previous note) and DFC, there was cautious optimism that the court’s guidance would eliminate or at least significantly reduce the uncertainty that surrounded appraisal proceedings in Delaware courts in recent years. It was hoped that the decisions would improve predictability and consistency in the application of different valuation metrics used to appraise the fair value of target companies.
How ugly was the breakup between Facebook Inc. and the two founders of WhatsApp, its biggest acquisition? The creators of the popular messaging service are walking away leaving about $1.3 billion on the table.
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