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Drug developer Depomed Inc (DEPO.O) said on Monday Starboard Value LP has 30 days to request for a special shareholder meeting to discuss the activist investor's demand to replace Depomed's board.
Deutsche Bank Co-CEO Acquitted of Attempted Fraud Charges
Forty-six percent of directors surveyed have no plan to respond to an activist-shareholder challenge.
Valeant Pharmaceuticals International, Inc. shares rose Monday as it announced that its board of directors has named Joseph C. Papa to become Valeant’s chairman and chief executive
'Family ownership does bring persistence and long-term vision and investments and builds prosperity for a country,' Audet said at Toronto's Canadian Club
James Surowiecki writes about what banking reformers might learn from hockey helmets.
Emerald Plantation Holdings Ltd., which was created to manage Sino-Forest's assets, said it has entered into a conditional offer with New Plantation Ltd.
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) said it's considering whether to launch an appeal against a Hong Kong regulator's finding that it breached takeover rules by buying an effective majority stake in a healthcare firm in 2014 without extending the offer to all of its shareholders.
The “legal origins” theory claims that the two main legal traditions or origins, civil law and common law, crucially shape lawmaking and dispute adjudication and have not been reformed after the initial exogenous transplantation by Europeans. [1] Therefore, they affect economic outcomes to date. In particular, countries that received common law enjoy today “(a) improved financial development […], (b) […] better functioning labor markets […], and (c) less formalized and more independent judicial systems” [La Porta et al. 2008, p. 298].
The UK is holding a referendum on 23 June 2016 to decide whether or not to remain a member of the European Union. There seems to be a disconnect between some aspects of public discourse on the vote and the actual effect of an in or out vote. A vote to leave would have numerous possible legal consequences but, if the UK rejoins the EEA, the passporting regime for financial institutions and “free movement of persons” would continue. A vote to remain would also kick off a process to change the UK’s relationship with the rest of the EU. This post discusses potential legal issues arising from a Brexit.
UnitedHealth Group said Chief Executive Stephen Hemsley’s total compensation package was valued at $14.5 million last year, down from $14.9 million in 2014
United Continental Holdings CEO Oscar Munoz filed a Form 4 with the Securities and Exchange Commission on Friday disclosing the purchase.
The $5.5 billion project, a public-private partnership, would require the remaining $2.5 billion investment to come in funding from government
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Caterpillar CEO Doug Oberhelman’s pay package for 2015 rose 4.5% to $17.9 million, lifted by stock awards and a boost in the value of his stock options and some benefits.
The National Association of Corporate Directors (NACD) recently released its 2015-2016 NACD Private Company Governance Survey. In an article in the…
Women earn between 12 and 31.5 per cent less than men and the Human Resources Professional Association has outlined recommendations to fix the wage gap
Confirming rumours of the move, which made the rounds last week, Valeant announced Monday morning that Papa, 60, will join the company in May
Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some of its models, said an internal investigation found such tampering dated back to 1991.
Canadian planemaker Bombardier Inc (BBDb.TO) faces a pivotal week that may see a key deal announced with Delta Air Lines Inc (DAL.N) but a federal aid package is unlikely to be approved in time for its annual meeting on Friday.
Mike Mayo says he wants to take a more active role as a banking analyst and is spearheading an effort by several large shareholders to persuade Comerica to explore a sale.
In Dieckman v. Regency (March 29, 2016), the Court of Chancery again confirmed that the contractual arrangements set forth in a limited partnership agreement will define the respective rights and obligations of the partners, including with respect to the general partner’s fiduciary duties (and related duty of disclosure) in connection with affiliated transactions. The decision continues the Delaware courts’ general approach of providing the highest level of protection against limited partners’ challenges to transactions between a master limited partnership and its general partner or the general partners’ affiliates—so long as:
The Office of the Comptroller of the Currency (OCC) released its highly anticipated white paper on financial technology innovation last week. The agency offered few details regarding its supervisory approach, but it did tip its hand regarding its areas of interest, which include banks’ risk management practices, relationships with third parties, and consumer protection and access. The OCC has historically sought to promote expansion of the banking industry through innovation and improved competitiveness, so it is no surprise that it is the first US banking regulator to formally act. [1]
The move is a boon for Valeant, which is in need of a turnaround after controversy over its business model has driven its shares down 86 per cent since August
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