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After reaching an all-time high of 32 in 2017, the number of female Fortune 500 chiefs has slid back down to 24. That’s a one-year decline of 25%.
The Canada Infrastructure Bank landed veteran pension plan investor Pierre Lavallée as its first chief executive on Thursday, paving the way for the $35-billion agency to begin breaking ground on long-promised projects.
Some old scores are about to be settled in a long-simmering rivalry between the world’s two largest media companies in a battle for Rupert Murdoch’s 21st Century Fox.
The federal government has rejected the $1.5-billion sale of Aecon Group Inc. to a state-backed Chinese buyer, effectively bowing to fierce opposition to the deal as Canada navigates sensitive trade talks with the U.S.
Beauty conglomerate Revlon Inc., whose portfolio includes iconic brands such as Revlon, Elizabeth Arden, and Almay, is promoting Debra Perelman to president and chief executive officer.
The number of share buybacks is mounting and the UK is concerned that they may happen to be boosting executive pay. Board Agenda considers the arguments for and against share buybacks.
For decades, CEOs have largely been seen as the top rung of the ladder, the ultimate decision makers and the source of “tone at the top,” to use an overused phrase. That perception is by no means wrong, but the buck doesn’t stop there. There’s one more rung of the ladder: the board of directors.
DavidsTea probably can’t afford another wave of major changes such as those proposed by a co-founder who is trying to replace its board with a dissident slate of nominees, the company’s president and CEO Joel Silver said Tuesday.
The US’s banks have largely sat out the mergers and acquisitions wave of recent years. While deal records have fallen in almost every other sector, big banks have done almost nothing, shrinking rather than expanding. And merger activity among small and mid-sized banks — some 5,607 of them, at last count — has been subdued.
Mark Zuckerberg confronted a hostile European Parliament on Tuesday as politicians grilled the Facebook chief executive on whether his company is a monopoly that has become a threat to democracy and should be broken up.
After months of secret talks surrounded by thick wads of economic nonsense and political posturing, the North American Free Trade Agreement renegotiation process seems headed for an appropriate and desirable conclusion: No New NAFTA.
At first glance, observers might think that the most highly paid corporate executives earn their money through the kind of leadership that leads to strong performance and gains in the company’s stock. That may not be the case.
Equity indexes have evolved to fulfil multiple roles in the investment process and meet the needs of various types of investors. All institutional investors use indexes as market indicators and research tools. Asset owners employ them as policy benchmarks in their asset allocation. Active managers use them as performance benchmarks while passive investors use indexes as the basis for investment vehicles.
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Deutsche Bank has announced plans to cut more than 7,000 jobs, with new chief executive Christian Sewing warning investors of a difficult second quarter.
Russian aluminum giant United Co. Rusal on Thursday said Chief Executive Alexandra Bouriko and seven board members resigned in an effort to help the company escape the Trump administration’s sanctions program.
Delivering the closing speech at the Electrical Products Group conference in Florida — one of the big events of the year for US manufacturers — John Flannery spelt out his philosophy for turning round General Electric.
In the latest effort to enhance transparency by proxy advisory firms, six members of the Senate Banking, Housing and Urban Affairs Committee sent letters to Institutional Shareholder Services (ISS) and Glass Lewis & Co., which they noted control 97% of the proxy advisory industry, requesting information regarding their eligibility for exemption from the proxy rules, accuracy of reporting and potential conflicts of interests.
The full consequences of Britain’s vote to leave the European Union were never going to be immediately perceptible. As we approach the second anniversary of the UK’s Brexit referendum, we can compare the subsequent economic data for the UK and the euro area and see how it diverges from the trends established before the vote.
Two courts recently issued significant corporate law decisions that are meaningful for corporations outside of Delaware, whose courts handle more corporate law disputes than other states because Delaware is the corporate domicile for many corporations.
Deutsche Bank’s chairman will on Thursday face a vote of no-confidence, which could thrust Germany’s biggest bank into a period of even greater uncertainty, after years of underperformance and strategic flip-flops.
Canadian securities regulators have joined forces with capital markets watchdogs in the United States to scour the cryptocurrency landscape for potentially fraudulent schemes.
Barclays has been privately exploring a possible merger with rival international banks, including Standard Chartered, in response to pressure from an activist investor who has become one of its biggest shareholders.
Improving the board assessment process is a frequent topic for governance professionals, yet proportionally little time is spent on board committee evaluations. As board oversight and responsibilities continue to expand, much of the board’s heavy-lifting now happens within board committees.
In a recent talk on our data-driven future, American author and academic Susan Ariel Aaronson argued for the necessity of governing this new economy. This edited transcript launches a series of essays on “Data governance in a digital age,” commissioned by the Centre for International Governance Innovation.
On January 21, 2018, Tesla, Inc. (Tesla), the electric car manufacturer (also in the business of sustainable energy generation and storage), granted its Chairman and Chief Executive Officer, Elon Musk, an option, subject to shareholders’ approval, to acquire 20,264,042 shares of Tesla (representing 12 percent of the then outstanding shares). Tesla’s shares are traded on NASDAQ. As of the grant date of the option, the market cap of Tesla was approximately $59 billion.
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