Corporate governance - Vigil
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February 24, 2017 9:34 AM
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Missing pieces report: The board diversity census | Deloitte US

Missing pieces report: The board diversity census | Deloitte US | Corporate governance - Vigil | Scoop.it
This multi-year study published by the Alliance for Board Diversity (ABD), in collaboration with Deloitte for the 2016 census, provides powerful metrics on the slow change of diversity in the boardroom.
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February 24, 2017 9:30 AM
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Who Bleeds When the Wolves Bite?

Leo E. Strine, Jr., Chief Justice of the Delaware Supreme Court, the Austin Wakeman Scott Lecturer on Law and a Senior Fellow of the Harvard Law School Program on Corporate Governance, recently issued an essay that is forthcoming in the Yale Law Journal, which is available here. The abstract of Chief Justice Strine’s essay summarizes it as follows:

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February 24, 2017 9:30 AM
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Related Investing: Corporate Ownership and Capital Mobilization During Early Industrialization

Family businesses and concentrated ownership have been the norm across time and place. Business historians like Alfred Chandler have noted these patterns with disapproval, attributing the decline of European industrial dominance in part to subjective “family capitalism,” and the advance of the United States to its development of objective and impersonal “managerial capitalism.”

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February 24, 2017 9:29 AM
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2017 Cyber Summit - NACD

NACD's 2017 Cyber Summit will equip directors and management team with the knowledge needed to foster cyber resiliency and confidently oversee cyber risk management. This highly interactive one-day forum will be led by NACD governance experts, The Internet Security Alliance (ISA), and other cyber authorities, featuring a mix of panel discussions, keynote presentations, case studies, and peer-to-peer insights.
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February 24, 2017 9:29 AM
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Banking Industry Addresses Diversity, Adding Women to Boards

Banking Industry Addresses Diversity, Adding Women to Boards | Corporate governance - Vigil | Scoop.it
Women made up 26 percent of the directors in the banking industry last year, tied with the retail industry and better than the average in Standard & Poor’s 500-stock index.
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February 23, 2017 9:53 AM
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Cybersecurity: a major concern for boards of directors in 2017

Cybersecurity: a major concern for boards of directors in 2017 | Corporate governance - Vigil | Scoop.it
Growing more sophisticated everyday, cyber attacks can have devastating consequences and cause irreversible damage to organizations.
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February 23, 2017 9:49 AM
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Investors Fought for Access to Company Boards: Will They Use It?

Investors Fought for Access to Company Boards: Will They Use It? | Corporate governance - Vigil | Scoop.it
Just over half of S&P 500 companies, including Apple Inc
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February 23, 2017 9:48 AM
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Apple (AAPL) Proxy Access: Proxy Score 66 - Corporate Governance

Apple Inc. (NASD:AAPL) designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, and education, enterprise, and government customers worldwide.

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February 23, 2017 9:48 AM
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Directors Must Navigate Challenges of Shareholder-Centric Paradigm

The corporate governance landscape has become more complicated, making it more difficult for directors to manage the often inconsistent demands of multiple constituencies while pursuing the fundamental fiduciary obligation to act in the best interests of the corporation and its stockholders
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February 23, 2017 9:48 AM
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Delaware Supreme Court Confirms BJR Application After Disinterested Shareholder Approval

In Volcano Stockholders Litigation, the Delaware Supreme Court, on February 9, 2017, in a one-sentence affirmance, upheld the Court of Chancery’s decision dismissing the post-closing challenge of the $1.2 billion merger of Volcano Corp. with Philips Holding USA Inc.
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February 23, 2017 9:46 AM
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Ex-Livent head Drabinsky admits to fraud, seeks to avoid OSC penalties

Ex-Livent head Drabinsky admits to fraud, seeks to avoid OSC penalties | Corporate governance - Vigil | Scoop.it
Garth Drabinsky admits to his role in directing a fraud at defunct theatre company Livent Inc. but is dedicating his life to “making things right” and wants the ability to run his own family-controlled company, his lawyer told an Ontario Securities Commission hearing Wednesday.

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February 22, 2017 9:39 AM
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Can an Outside CEO Succeed? Look at the Board’s Diversity

CEOs hired from outside a company are more likely to have poor business performance and short tenures if their new employer’s board is more diverse than corporate boards they previously served, a study finds.
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February 22, 2017 9:38 AM
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Cybersecurity: What does the board want?

Cybersecurity: What does the board want? | Corporate governance - Vigil | Scoop.it
Boards of Director are taking an increasingly active role in cybersecurity governance.  The question is: what are they looking for and how should you manage your security program to meet their needs? 

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February 24, 2017 9:33 AM
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Drabinksy-owned company poses no threat to investors, OSC told

Drabinksy-owned company poses no threat to investors, OSC told | Corporate governance - Vigil | Scoop.it
Garth Drabinsky’s plan to set up his own company presents no risk to the investing public because it would be a private firm structured for tax efficiency, according to a long-time friend and tax lawyer.

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February 24, 2017 9:30 AM
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A Broader Perspective on Corporate Governance in Litigation

A Broader Perspective on Corporate Governance in Litigation | Corporate governance - Vigil | Scoop.it
Corporate governance issues often figure prominently in litigation, but the issues raised typically have a narrow focus. Disputes most often build on the formal legal skeleton of corporate governance created by the state’s corporation’s statutes, the particular corporation’s organizational documents, and the judicially imposed fiduciary duty of directors and officers. However, this structure represents an overly formal and significantly incomplete understanding of what makes up a publicly held corporation’s corporate governance structure. In this article, we outline the much broader corporate governance structure that underlies the operation of a modern public corporation, and show how that structure has important implications for a wider range of litigation than is commonly understood.

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February 24, 2017 9:30 AM
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NACD Introduces Integrated, Four-Part Suite of Cybersecurity Resources for Boards

WASHINGTON, Feb. 23, 2017-- The National Association of Corporate Directors, the advocate for the profession of directorship, today announced four resources designed to address the lack of cyber literac
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February 24, 2017 9:29 AM
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The Morning Risk Report: Directors’ Tenure, Independence on Investors’ Radars

As corporate directors prepare for the fast-approaching annual general meetings’ season, investors continue to pressure boards to strengthen their composition, and at least one shareholder proposal has emerged so far to air the issue of directors’ independence and tenure, specifically that of the lead director.
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February 24, 2017 9:29 AM
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Corporate Secretary | OCC reminds banks of new-director notifications

Corporate Secretary | OCC reminds banks of new-director notifications | Corporate governance - Vigil | Scoop.it
Regulators have reminded compliance teams that banks in financial trouble that plan to refresh their board or executive team need to take certain steps – and that making a mistake can be expensive.
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February 23, 2017 9:49 AM
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OSC signs deal with U.K. counterpart to support fintech expansion across the pond

OSC signs deal with U.K. counterpart to support fintech expansion across the pond | Corporate governance - Vigil | Scoop.it
The deal comes after the OSC unveiled its LaunchPad project, a fintech hub within the regulator aimed at supporting new and early stage fintech businesses, in October
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February 23, 2017 9:48 AM
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Why Boards Aren’t Dealing with Cyberthreats

Why Boards Aren’t Dealing with Cyberthreats | Corporate governance - Vigil | Scoop.it
They lack the expertise to ask the right questions.
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February 23, 2017 9:48 AM
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Moneyball Corporate Governance - Corporate Governance

Moneyball Corporate Governance - how organizations take risk and inter-relate with their “social network.” Well-governed companies lead to better outcomes.
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February 23, 2017 9:48 AM
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Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade

Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade | Corporate governance - Vigil | Scoop.it
Donald Trump’s election was a significant surprise. So too was the dramatic run up in the stock market that followed. A story less told is how individual stocks and industries responded to the Trump surprise, and expectations about the policies that might follow. In fact, some stocks gained significantly relative to the market; others were major losers. The paper Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade, recently made available on SSRN, illuminates the factors that produced winners and losers.

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February 23, 2017 9:47 AM
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Nissan's CEO Carlos Ghosn steps down

Nissan's CEO Carlos Ghosn steps down | Corporate governance - Vigil | Scoop.it
Nissan CEO Carlos Ghosn will step down on April 1, 2017.
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February 22, 2017 9:51 AM
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Quebec takes aim at foreign takeovers with new watchdog group

Quebec takes aim at foreign takeovers with new watchdog group | Corporate governance - Vigil | Scoop.it
Sixteen of the 69 largest Quebec corporations have no protection against a hostile takeover bid, Montreal’s Institute for Governance of Private and Public Organizations said in a 2016 report. They include grocer Metro Inc., T-shirt maker Gildan Activewear Inc. and retailer Dollarama Inc. A proposal by some observers that the government should push financial institutions to create a fund to purchase blocking stock positions before any hostile bid has materialized is not particularly appealing, the institute said.

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February 22, 2017 9:39 AM
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Starboard takes 6.6 percent stake in Tribune Media

Tribune Media Co (TRCO.N), one of the largest U.S. television station operators, said on Tuesday that activist investor Starboard Value LP had taken a 6.6 percent stake in the company.
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