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Pay raises are back in style in the corner office, erasing cuts from a year earlier and pushing CEO compensation to new highs amid a robust stock market.
Clifton S. Robbins, chief of Blue Harbour Group, is already known as the nice-guy activist investor. Now he’s trying to be the socially conscious one.
A majority of CEOs foresee more opportunities for their companies in the next three years but also anticipate more threats and heaps of uncertainty. What is the board’s role to prepare for the risks while motivating companies to pursue the opportunities? Crises to a company can come in a variety of forms –personnel, financial, regulatory, natural disasters or outside attacks, to name a few. This peer exchange will focus on the essentials of planning and response. The conversation will be led by two seasoned lawyers, who will also share recent war stories that every director can apply to a current or future situation.
The question posed was, "Who Bleeds When the Wolves Bite?" A judge in Delaware provided the answer.
U.S.-based venture capital firm Blockchain Capital LLC said on Thursday it plans to raise $50 million for a third fund through capital from its partners and a sale of its own digital tokens.
The foundation for much of American corporate finance is Delaware corporate law. Later this year, a small change to Delaware corporate law, if enacted, could facilitate a major simplification of the plumbing of the financial system built on top of that foundation. The change is part of the Delaware Blockchain Initiative (DBI), which then-Governor Jack Markell introduced in May 2016. The initiative will allow for the application of distributed ledger technology to many of the private sector’s most basic and critical legal documents, which companies currently file with the Delaware Division of Corporations.
In March 2015, a group of public investment funds, collectively managing assets in excess of one trillion dollars, submitted a petition to the SEC which asks for enhanced diversity disclosure for board nominees, arguing that better disclosure on “skills, experiences, gender, race, and ethnic diversity can help us as investors determine whether the board has the appropriate mix to manage risk and avoid groupthink.”
Companies have made progress in developing compliance programs – including getting boards involved – but could do more in areas such as monitoring and technology, according to a new survey of chief compliance officers (CCOs) by KPMG.
Corporate Secretary releases findings of research into how corporate boards use technology
In the past 20 years, many corporate law scholars have come to the view that governance arrangements protecting incumbents from removal are what really matter for firm value, arguing that such arrangements help entrench managers and harm shareholders.
Activist hedge funds revolutionized corporate America and generated both excitement and criticism alike. This article suggests that a novel market mechanism, a “super hedge fund,” would maintain the benefits of hedge fund activism, while curbing its downsides.
Starbucks SBUX, I voted for proxy access amendments to increase board competition and accountability. Several other proxy items and votes discussed below.
This famous hedge-fund manager isn't looking toward the exit after two brutal years -- partly because a lot of his customers can't.
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Pepsi CEO Indra Nooyi got hefty raise. According to a public filing posted Friday, Nooyi saw her total compensation in 2016 rose 13%, to $29.8 million from $26.4 million the year before.
By Lisa Baertlein
LOS ANGELES (Reuters) - McDonald's Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain's restaurants the opportunity t
The number of shareholder resolutions in the US is on the rise in 2017, but companies’ legal teams are fighting back by increasing the number of resolutions they’re asking the SEC to omit, according to new research.
BlackRock Inc(BLK.N), which wields outsized clout as the world's largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity.
Snap, MuleSoft debuts signal a thaw for tech listings, but high pre-IPO valuations will remain an issue longer term.
On May 2, 2016, Delaware’s Governor announced the official public launch of the “Delaware Blockchain Initiative.” [1] The primary goal of the initiative is to encourage the adoption of blockchain technology in the private and public sectors for the benefit of both private enterprises and the public.
In one of the most comprehensive surveys of corporate directors around the world, we explore how directors feel about the economy, board effectiveness and compensation — and uncover where male and female directors differ on these issues.
Viacom is promoting Christa D’Alimonte to executive vice president, general counsel and secretary, effective April 15.
During his campaign, President Donald Trump stated that the Dodd-Frank Act needed to be “eliminated or changed greatly”. Republican lawmakers have proposed legislation to scale back significant portions of the Dodd-Frank Act, and the Trump Administration has issued directives that would require wholesale review of the Dodd-Frank Act and its impact on American businesses.
Enforcement activity increased again in fiscal year 2016, and the U.S. Securities and Exchange Commission (“SEC”) continued to pursue a broad agenda. Consistent with former Chair Mary Jo White’s “broken windows” enforcement policy, the Division of Enforcement brought actions “that spanned the spectrum of the securities industry.”
Long-Term Incentives in the Age of Pay-for-Performance
Are we seeing greater alignment of realized/realizable executive compensation with firm performance and are companies with strong pay-for-performance (PfP) also performing better? This webcast will focus on long-term incentive design and metrics, and will address many of the questions directors frequently have when trying to create strong alignment in their executive compensation plans:
Pershing Square lets go of 18 million Valeant shares at approximately $4 billion loss
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Scoop.it!
