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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 10:01 AM
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Square Inc. set terms Friday on a $324 million initial public offering that is distinguished in part through its use of a dual-class structure, making the wireless payment company founded by Twitter co-CEO Jack Dorsey the latest to adopt the controversial form of ownership in which companies reserve super-voting rights for key founders.
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Institut sur la gouvernance (IGOPP)
November 9, 2015 10:00 AM
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Via VALUE EDGE Last Wednesday, I decided to attend HUPSteel Limited’s AGM. The main reason for attending the AGM was that I felt the new resolutions that the Board of Directors wanted to pass was unfair to minority shareholders.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:44 AM
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All partnerships will be audited at the entity level unless they have 100 or fewer partners and no partnerships as direct partners. The two-year budget plan passed by Congress on October 30, 2015, ...
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Institut sur la gouvernance (IGOPP)
November 9, 2015 9:43 AM
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In a study released this morning, nine out of 10 corporate board members said that regulators should hold businesses liable for breaches if they haven't taken reasonable steps to secure customer data.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:43 AM
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According to the SEC’s most recent financial report, as of August 2014, SEC-registered investment advisers managed $62.3 trillion in assets. Not surprisingly, investment advisers attract a great deal of attention from the SEC’s Enforcement Division. The Division of Enforcement’s Asset Management Unit has 75 professionals spread across all 12 SEC offices. The group has developed strong industry expertise: it includes more than a half-dozen former industry professionals and works closely with the examination teams of the Office of Compliance Inspections and Examinations, as well as with the Divisions of Investment Management and Economic and Risk Analysis. In the first 10 months of 2015, it brought over two dozen cases, resulting in over $190 million in settlements; nearly a dozen cases are being litigated.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:43 AM
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Investors may lose ability to influence companies for long-term gain, Hermes Investment survey says
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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Here are your Monday train reads.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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A few days after joining the board of Atlantic Power, private equity veteran Gilbert Palter said he got a flurry of calls from the energy company's top shareholders, who wanted more than just to wish him well.
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Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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The Bank of England should increase interest rates early next year to help contain potential price pressures, according to the Organisation for Economic Co-operation and Development. The comments come after the BOE cut its growth and inflation projections last week and signaled the U.K. may need record-low interest rates for a while longer as China …
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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The owner of the online dating brands OkCupid and Tinder sets a price range of $12 to $14 a share.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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Despite the privileged-cohort stereotype, many people at the ages of 55 to 64 still owe a lot and have saved little
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Institut sur la gouvernance (IGOPP)
November 6, 2015 9:46 AM
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Valeant’s woes are having an outsize impact on some of Canada’s biggest funds, which flocked to the Montreal company’s shares in search of growth as commodities stocks sagged.
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Institut sur la gouvernance (IGOPP)
November 6, 2015 9:45 AM
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As corporate America shifts its negative view of activists, more companies are adopting their tactics and even hiring them as consultants.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 10:00 AM
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Europe is an increasing focus
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 10:00 AM
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A recent report from the Conference Board highlights the importance of moving beyond short-sighted "quarterly capitalism."
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:43 AM
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The representation of women on corporate boards continues to increase, but the number of women leading boards still remains low globally, according to the fourth edition of the surveyWomen in the Boardroom: A Global Perspective, conducted by Deloitte Touche Tohmatsu Limited (DTTL) among 49 countries. The survey found that women hold just 12% of seats worldwide and chair only 4% of boards.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:43 AM
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On October 21, 2015, the Delaware Court of Chancery issued a post-trial opinion in an appraisal action in which it yet again found that the merger price was the most reliable indicator of fair value. Vice Chancellor Glasscock’s opinion in Merion Capital LP v. BMC Software, Inc., No. 8900-VCG (Del. Ch. Oct. 21, 2015), underscores, yet again, the critical importance of merger price and process in Delaware appraisal actions. In fact, as we have previously discussed, Merion is just the latest of several decisions by the Delaware Chancery Court over the past six months finding that merger price (following an arm’s length, thorough and informed sales process) represented the most reliable indicator of fair value in the context of an appraisal proceeding. See also LongPath Capital, LLC v. Ramtron Int’l Corp., No. 8094-VCP (Del. Ch. June 30, 2015); Merlin Partners LP v. AutoInfo, Inc., No. 8509-VCN (Del. Ch. Apr. 30, 2015).
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:43 AM
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Yesterday [October 27, 2015], Institutional Shareholder Services released its key draft proposed proxy voting policy changes for the 2016 proxy season. ISS is seeking comments by 6:00 p.m. EDT on November 9, 2015. ISS expects to release its final 2016 policies on November 18, 2015. [1] The policies as updated will apply to meetings held on or after February 1, 2016.
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Institut sur la gouvernance (IGOPP)
November 9, 2015 9:43 AM
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Lack of accountability for political contributions since Citizens United ruling makes it all the more critical that directors track how a company's money is being spent
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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Valeant Pharmaceuticals International Inc (VRX.N) (VRX.TO) said on Monday it will hold a conference call on Tuesday to give an update on its operations and plans to transition from specialty pharmacy, Philidor.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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DUBAI (Reuters) - Canadian planemaker Bombardier said on Sunday it is on track to certify its new CS100 regional jet, which is making its Middle Eastern debut at the Dubai Airshow this week, before its
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Scooped by
Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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Three top U.S. asset managers shied away from supporting dissident directors in recent proxy contests, according to voting data, showing how corporate management teams can still depend on key players in the fund industry for backing in the face of an activist fight.
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Institut sur la gouvernance (IGOPP)
November 9, 2015 9:42 AM
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The drug company said CEO Michael Pearson borrowed the $100-million from Goldman Sachs to make charitable donations, meet tax obligations and purchase Valeant shares
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Scooped by
Institut sur la gouvernance (IGOPP)
November 6, 2015 9:46 AM
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Short sellers and activist-research firms in Asia are taking on higher-profile targets as an economic slowdown exposes weak points in companies’ finances.
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Institut sur la gouvernance (IGOPP)
November 6, 2015 9:45 AM
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Some academics say managing a company based on the immediate need to meet shareholder expectations can be perilous, but others say it can discourage complacency.
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