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The Securities and Exchange Commission today announced that it has adopted amendments to increase the amount of money companies can raise through crowdfunding to adjust for inflation. It also approved amendments that adjust for inflation a threshold used to determine eligibility for benefits offered to “emerging growth companies” (EGCs) under the Jumpstart Our Business Startups (JOBS) Act.
Boards frequently encounter sustainability and other environmental, social and governance (ESG) issues in the oversight of a company’s operations, management, financial reporting and public disclosure. Investors increasingly highlight the importance of ESG issues through investment strategies, shareholder proposals and public statements. Industry groups also monitor companies’ ESG efforts, and the Securities and Exchange Commission (SEC) has focused public attention on the issue in recent years.
JPMorgan Chase & Co (JPM.N) shareholders will again vote on a proposal calling for the board to select a chairman who is not the company's chief executive, according to a proxy statement filed on Wednesday for the company's annual meeting on May 16.
Trump says the changes will make it easier for banks to loan money
BP has agreed to cut about £5 million from CEO Bob Dudley's maximum pay for the next three years in a bid to avoid a shareholder revolt, Sky News reported.
Quick settlements with activist hedge funds to recompose boards and adjust strategic plans have resulted in hundreds of new directors and changes to stand-alone plans in the S&P 500 over the last two years.
Over the past few decades, publicly traded firms have become increasingly interconnected through common stock ownership. For example, the fraction of U.S. public firms held by institutional blockholders that simultaneously hold at least 5% of the common equity of other same-industry firms has increased from below 10% in 1980 to about 60% in 2014.
About 200 people protested outside the company's Montreal headquarters.
A roundup of investment ideas for active investors
Proxy adviser Glass Lewis on Tuesday recommended that Wells Fargo & Co shareholders vote against six directors at an upcoming annual meeting, in protest of improper sales practices in its retail bank.
This 10th edition of the Board Practices Report identifies key findings on board-relevant topics that have risen to prominence over the last two years.
By Nicolas Deising* & Nihal Dsouza** The Dodd Frank Act is considered to be the most ambitious and far reaching legislation regulating the financial sector since the Great Depression of the 193…
Barry Critchley: Diversity seems to be alive and well in the types of companies seeking to go public
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On March 31, 2017, the Delaware Court of Chancery issued a decision in In re Saba Software, Inc. Stockholder Litigation that was the first of its kind. In its October 2015 decision in Corwin v. KKR Financial Holdings, LLC, the Delaware Supreme Court held that the fully informed, uncoerced approval of a merger by a majority of disinterested stockholders would restore the presumption of the business judgment rule.
The growth of investment robo-advisors, web-based insurance exchanges, on-line credit comparison sites, and automated personal financial management services creates significant opportunities and risks for consumers that regulators across the financial services spectrum have yet even to assess, let alone address. Because of the scale that automation makes possible, these services have the potential to provide quality financial advice to more people at lower cost than humans, and to do so with greater transparency. But the fact that this potential exists hardly guarantees that it will be realized.
An increasing number of bankers working at foreign firms in Japan are unhappy with their bonuses, and falling expectations for raises are giving them more cause to gripe, according to a Morgan McKinley survey.
Barry Critchley: It’s probably not an exact relationship but as a general rule it seems the smaller the company the larger the governance issues
Cindy Gordon, founder and CEO of an emerging technology firm, has a long list of credentials and awards to her name, but she says she still often feels like a "token woman" as a director on corporate boards.
This morning [March 21, 2017], I would like to highlight three issues that are critical to improving culture within the financial services industry:
Move comes amid global efforts to bring oversight to largely unregulated segment of the financial industry
He says Bombardier has listened and is ready to turn the page.
The London initial public offering (IPO) market has seen a slow but steady start to the year as businesses wait for more clarity around the triggering of Article 50
Boards should consider examining how marketing might fulfill the board’s oversight responsibilities.
Powered by innovation, the audit has evolved into a business opportunity that can help guide and inform future business decisions.
The Federal Reserve's regulatory point man departs Wednesday, potentially clearing a path for President Trump to loosen rules overseeing Wall Street.
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