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The concept of skin in the game represents a powerful mechanism for motivating agents to perform at their best. It is an incentive-based compensation that ties agents’ pay to their performance. In this author’s view, just as skin in the game has been beneficial in the context of inside agents (directors and managers), so may it be put to use with certain outside agents, like credit rating agencies and proxy advisory firms, for the benefit of investors.
[On April 4, 2016], the U.S. Treasury Department issued a notice of proposed rulemaking that could significantly affect the debt capitalization of U.S. subsidiary groups owned by foreign corporations (and of foreign subsidiaries owned by U.S. corporations).
NEW YORK, April 20, 2016 /PRNewswire/ -- Research from Pearl Meyer Shows Minor Uptick in Director Pay Amidst Increasing Public Scrutiny. -- Onlin
After a turbulent introduction to 2016, markets have become calmer.
U.S. stock indexes were set to open little changed on Thursday as oil prices steadied and investors assessed a raft of earnings reports that could provide fresh catalysts to drive the market.
Not so long ago in an age when they were eating the lunch of American corporations, the Toyotas, Hitachis, Sonys,…
To achieve a growing number of public, social, civic goals, we draw on the power of financial markets. Parents who can afford to save for the cost of their children’s college education rely on the market when they put money into college savings plans like New York’s 529 College Saving
Citigroup Inc Proxy. Vote AGAINST pay plan, comp committee, Corbat who owns no shares & Stock Plan. FOR all other proposals, including shareholders. $C, C
In an effort to increase the visibility of pension commitments, the Governmental Accounting Standards Board (GASB) Statement 68 beginning in 2015: 1) moved pension funding information from the footnotes of financial statements to the balance sheets of employers; and 2) required employers that participate in so-called “cost-sharing” plans to provide information regarding their share of the “net pension liability” on their books as well. The Center for Retirement Research at Boston College recently completed a study that examined the impact of the new GASB rules on cities. Subsequently, the Center broadened the scope of the analysis and examined the impact on school districts and counties as well as cities, and the diminution of liabilities at the state level as a result of the reallocation.
Former CEO Quindlen returned unearned comp because Logitech restated its 2011 financials and its former CFO and former Controller are charged with allegedly manipulating those results
Meridian’s purchase emerged as something of a surprise, given that it represents a major step by the credit union into commercial lease financing
Announcement comes in the wake of failed bid for U.S.-based Norfolk Southern
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With the 2016 proxy season rapidly approaching, on March 22, 2016, the Securities and Exchange Commission staff in the Division of Corporation Finance released a Compliance and Disclosure Interpretation (C&DI) [1] addressing the degree of specificity with which a shareholder or management proposal must be described on a company’s proxy card.
The tech industry, where a dearth of talent is driving up annual salaries well past $100,000, dominates a new list of the top-paying companies in the U.S.
Investment Association says top FTSE firms must change remuneration formula to stop rewarding failure
Jessie Eisinger talks to a former S.E.C. lawyer about why the agency didn’t pursue mortgage cases against high-ranking Goldman Sachs executives.
Wal-Mart Stores Inc (WMT.N) Chief Executive Doug McMillon's pay rose slightly to $19.8 million in the year ended Jan. 31, a regulatory filing on Wednesday showed, even as profit at the world's largest retailer fell on higher costs.
Bi-weekly highlights from the world of Proxy Papers you can’t afford to miss: Woodside Petroleum Limited, Santos Limited, Petroleo Brasileiro S.A. (Petrobras), BR Malls Participações S.A., Credit Suisse Group, Ishii Hyoki Company Limited and Nation Multimedia Group Public Company Limited.
Woodside Petroleum
Over the past few years there has been a significant amount of attention to the issue of director tenure, particularly focused on the intersection between tenure and entrenchment and its impact on board diversity.
From 2009 to 2012, the euro area was roiled by financial crisis. In Greece, Ireland, Italy, Portugal, and Spain, perceptions of euro area sovereigns’ default risk shot up; banks approached insolvency and struggled to obtain funding. The “diabolic loop” between the credit risk of sovereigns and that of banks was a hallmark of the crisis. In our paper, forthcoming in the American Economic Review: Papers and Proceedings, we propose a simple model of this sovereign-bank diabolic loop, and show that it can be avoided by restricting banks’ domestic sovereign exposures relative to their equity. Furthermore, we show that equity requirements can be reduced if banks only hold the senior tranche of an internationally diversified sovereign portfolio—known as ESBies (European Safe Bonds) in the euro-area context.
SINGAPORE - Women are under represented in Asia Pacific boards even though more female representation tends to be more profitable for firms, according to a survey released on Tuesday (April 19).. Read more at straitstimes.com.
Bayliss, Lawrence Delevingne and Michael Flaherty
Taxi Diamond is choosing the green route and slowly converting its entire fleet of cabs to hybrid or electric cars.
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Scoop.it!
