Corporate governance - Vigil

The big number—26% Proportion of the Russell 2000 requiring a majority vote for directors

On October 19, 2016, the Board of Governors of the Federal Reserve System (“the Board”), the Office of the Comptroller of the Currency (“the OCC”), and the Federal Deposit Insurance Corporation (“the FDIC”, and the three agencies collectively, “the Agencies”) jointly issued a

To what extent does the cultural background of managers impact how they communicate with investors? In our study, Managers Cultural Background and Disclosure Attributes, we build on prior research to deepen our understanding of the economic significance of individuals’ cultural background in a corporate context. More specifically, we focus on managers’ communication style during earnings conference calls. We examine how the cultural backgrounds of individual managers—based on their ethnic heritage—affect their disclosure narrative.

A corporate secretary wears many hats: adviser, educator, diplomat, record-keeper, communicator, problem-solver. Corporate secretaries balance a lengthy list of responsibilities, including acting as a liaison between employees at all organizational levels. A successful corporate secretary possesses not only a knowledge base, but also the attitudes and personal qualities that reflect ...

Investment Association tells UK’s top 350 public firms to publish bosses’ pay and compare it with average employee

Barry Tootell fined and banned by the FRC over his oversight of troubled bank

The Paris Agreement officially comes into force in less than two weeks, signaling the start of a process that will significantly affect business practices the world over. The tangible target to keep global temperature rises under 2°C sets companies on a clear path toward a low-carbon economy.

A New York auditor on Monday settled U.S. Securities and Exchange Commission charges that it issued fraudulent audit reports in connection with municipal bond offerings by the town of Ramapo, New York, and its local development corporation, which were charged with fraud in April.

The Brokaw Act is proposed legislation aimed, in the words of one of its sponsors, at “financial abuses being carried out by activist hedge funds who promote sh

There is an increasing worldwide focus on trying to end the problem of “too big to fail” (“TBTF”). Regulators are concerned that systemically important financial firms might engage in excessive risk-taking because they would profit from a success and be bailed out by the government in cas

This week, the Federal Reserve and the FDIC (collectively, “Agencies”) released the public sections of the resolution plan progress reports submitted on October 1st by the eight largest US banking institutions (“October Submissions”). [1] In April, the Agencies jointly determined five of the eight banks’ 2015 resolution plans to be “not credible,” while all eight were found to have either “deficiencies,” “shortcomings,” or both.