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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:29 AM
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Earlier this year, American International Group Inc. added Linda Mills to its board, attracted partly by her expertise in cybersecurity. In February, Wells Fargo & Co. selected Suzanne Vautrinot for its board for similar reasons. Before that, Walgreens Boots Alliance Inc. picked Janice Babiak.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:29 AM
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Cable tycoon John Malone’s Liberty Global is in talks to acquire Cable & Wireless Communications, according to people familiar with the matter, in a deal that could be worth more than $5 billion.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:28 AM
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The move, which is reportedly worth $197 million as of July 28, will help "reinvest directly in our people," Twitter's CEO Jack Dorsey said.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:28 AM
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The controversy surrounding Valeant Pharmaceuticals' (VRX.N) strategy and its market slide this week are bad news for Wall Street investment banks that stand to lose one of their best clients.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:19 AM
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The Obama administration nominated a law professor, Lisa Fairfax, and former Senate aide Hester Peirce to fill two vacancies at the Securities and Exchange Commission.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:15 AM
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This paper studies the relation between voluntary disclosure and shareholder activism. We use a unique data set of 1,130 activism events
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:09 AM
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Lisa Fairfax, Hester Peirce, SEC, SEC-IAC, women
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:08 AM
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With many REITs now trading at meaningful discounts to their net asset value, we are already seeing signs of an increase in REIT buyouts. Many of the drivers of the $100 billion-plus of public-to-private REIT M&A transactions that preceded the financial crisis are apparent again, including higher valuations in the private real estate markets than in the public REIT markets, highly liquid private markets that facilitate wholesale-to-retail executions, debt that is still both cheap and plentiful for certain transactions, large pools of low-cost private equity seeking deals (and willing to accept low cap rates), and a sizeable pipeline of REITs and REIT executives who are seeking a graceful exit. More recent trends such as the increasing interest of sovereign wealth funds and other sources of international capital in the U.S. real estate sector may also drive future REIT privatizations.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:08 AM
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A long list of prominent investors raked in billions of dollars in gains as Valeant soared the past five years. Now they're watching those profits melt away
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Institut sur la gouvernance (IGOPP)
October 21, 2015 8:45 AM
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Firms targeted by activist investors performed substantially better after three years, but workers at those plants didn’t see the benefits, according to a new study by researchers at Duke, Columbia, and Cornell. The paper reports that activist investors made firms more productive resulting in higher return on assets, and another study found they were also …
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Scooped by
Institut sur la gouvernance (IGOPP)
October 21, 2015 8:06 AM
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Yvan Allaire and Francois Dauphin: Proxy access by shareholders raises numerous issues and potential adverse effects on governance
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Institut sur la gouvernance (IGOPP)
October 21, 2015 8:05 AM
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The quality of the legal system matters for firms’ access to bank loans: Strong creditor and property rights and a rigorous judicial enforcement system with short, cheap and simple proceedings crea...
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Scooped by
Institut sur la gouvernance (IGOPP)
October 21, 2015 8:05 AM
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7: Number of the largest U.S. public companies that continue to hold staggered director elections.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:29 AM
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When Mellody Hobson sat with her six fellow DreamWorks Animation board members at a screening of the company's Megamind before it was released in October 2010, something struck her — and only her — immediately: There was no nonwhite character in the film other than an alien, and he was blue.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:28 AM
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NASDAQ Inc, the company that owns and operates the NASDAQ stock market and eight stock exchanges across Europe, has acquired SecondMarket, a marketplace for buying and selling private company stock.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:28 AM
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International Journal of Disclosure and Governance is one of the leading sources of authoritative and detailed information on leading-edge practice in governance and effective transparency of information for publicly listed companies.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 23, 2015 9:28 AM
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Poor performance and likely conflicts of interest plague mutual funds that reward advisers who recommend them
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:19 AM
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"In 2015, McDonald’s stock seems to have turned a corner. Shares have risen by approximately 10% and investors are hoping this is the start of a new trend."
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:15 AM
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As many have noted, the current PE-backed IPO pipeline holds some of the last remnants of the buyout boom. KKR-backed First Data
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:09 AM
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Information is the foundation on which traders form their beliefs about a company and ultimately their investment decisions. In empirical settings, information often arrives in the form of a company disclosure. Since managers have significant discretion over disclosure, researchers have extensively studied the relation between disclosure and trading via the price system. In our paper, Shareholder Activism and Voluntary Disclosure, which was recently made available on SSRN, we study the relation between disclosure and a specific class of traders, shareholder activists.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 22, 2015 10:08 AM
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With their influence having declined significantly in recebt years, proxy advisers are becoming more transparent and more willing to engage with issuers
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Institut sur la gouvernance (IGOPP)
October 22, 2015 10:08 AM
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Multi Packaging Solutions International Limited (“MPS”) today announced the pricing of its initial public offering of 16,500,000 common sh
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Scooped by
Institut sur la gouvernance (IGOPP)
October 21, 2015 8:45 AM
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Activist hedge funds can count on a number of supporters in academia and in the media rising up in defense of their actions.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 21, 2015 8:05 AM
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Forest City, based in Cleveland, is transforming from a C-Corp into a REIT mainly for tax reasons. The change will take effect Jan. 1.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 21, 2015 8:05 AM
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New research shows that power users reap the greatest benefits from social technologies. A McKinsey Quarterly article.
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