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Scooped by
Institut sur la gouvernance (IGOPP)
September 2, 2015 9:56 AM
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In their quest for quick returns, activists make the mistake of forgetting that it takes time and patience to position any company for success. Those institutional investors who continue to outsource decision-making on corporate governance issues should explore the creation of a more sophisticated alternative to ISS. The system is clearly out of balance when one agency, with manifest limitations and no meaningful competition, exercises such extraordinary influence on matters of this consequence.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 2, 2015 9:53 AM
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A periodic publication that provides audit committee members with recommendations, overviews of corporate governance resources, regulatory and legislative environment outlooks, and technical updates.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 2, 2015 9:53 AM
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Corporate boards looking to add women to their ranks might need to open their aperture to see the benefits, forward-looking views, and skill sets that gender diversity could bring to boardroom discussions.
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Institut sur la gouvernance (IGOPP)
September 2, 2015 9:42 AM
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Investors’ increasing focus on board composition includes attention to whether boards are continuing to refresh and recruit new directors in line with the company’s changing strategic goals and risk profile.
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Institut sur la gouvernance (IGOPP)
September 2, 2015 9:41 AM
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Clorox, adopts, Proxy Access Lite, bylaw, lite, victory, Best Practices, CII, Council of Institutional Investors, $CLX, CLX
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:58 AM
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Companies in Europe and Japan are attractive targets for U.S. shareholder activists seeking higher investment returns and less competition among funds that have shaken up the U.S. corporate sector.
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Institut sur la gouvernance (IGOPP)
September 1, 2015 9:57 AM
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Corporations can function with corrupt and incompetent management because of two valuable advantages that they possess: inertia and salaried positions.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:56 AM
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Shane C. Goodwin Over the past 25 years, hedge fund activism has emerged as new form of corporate governance mechanism that brings about operational, financial and governance reforms to a corporation. Many prominent business executives and legal scholars are convinced that the entire American economy will suffer unless hedge fund activism with its perceived short-termism agenda is significantly restricted.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:48 AM
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Creditors owed billions by Argentina can’t seize the assets of its central bank, a U.S. court ruled, reversing an earlier ruling that would have opened the nation’s reserves to hedge funds looking to collect debt stemming from a 2001 default.
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Institut sur la gouvernance (IGOPP)
September 1, 2015 9:36 AM
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Shareholders in the Co-operative Bank will be able to trade their holdings in an online auction this month, offering a visible market in the shares for the first time since the bank’s near-collapse in 2013. Asset Match, an online platform for shares
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:36 AM
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For most people saving for retirement, buying a non-tradeable real estate investment trust that charges fees and commissions of 11 percent or more doesn't sound like a good deal.But for a growing
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:36 AM
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Activist hedge funds have launched more non-U.S. campaigns this year than any year since the financial crisis, as managers slowly expand overseas in the face of a more challenging market at home.
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Institut sur la gouvernance (IGOPP)
September 1, 2015 9:32 AM
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Effectively communicating all aspects of an executive compensation program is a growing priority for Boards and management teams, driven by increased public interest, the informational needs of shareholders, and regulations. Our survey was designed to learn more about the communication approaches companies use to develop the Compensation Discussion & Analysis (CD&A) section of their annual proxy statement and gauge the levels of perceived effectiveness of these documents.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 2, 2015 9:56 AM
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It’s not just the headlines: shareholder activism is in fact up this year. In the first half of 2015, there were almost as many campaigns as occurred in all of 2014, according to research by Gibson, Dunn & Crutcher LLP. And hedge fund involvement this year has eclipsed the numbers for 2014. According to Gibson...
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Scooped by
Institut sur la gouvernance (IGOPP)
September 2, 2015 9:53 AM
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This issue discusses SEC Proposed Rule Release No. 33-9861, Listing Standards for Recovery of Erroneously Awarded Compensation, which is aimed at ensuring that executives do not receive “excess compensation” if the financial results on which previous awards of compensation were based are subsequently restated because of material noncompliance with financial reporting requirements. The newsletter highlights key provisions of the proposed rule and their potential accounting and tax consequences to
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Scooped by
Institut sur la gouvernance (IGOPP)
September 2, 2015 9:52 AM
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During August 2014, Alberto Manconi, Urs Peyer, and Theo Vermaelen published a working paper on the effects stock buybacks have on performance. This paper displays evidence, which supports the conclus
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Institut sur la gouvernance (IGOPP)
September 2, 2015 9:41 AM
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Although corporate risk-taking is economically necessary and even desirable, it can also be harmful. There is widespread agreement that excessive corporate risk-taking was one of the primary causes of the systemic collapse that caused the 2008-09 financial crisis.
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Institut sur la gouvernance (IGOPP)
September 2, 2015 9:41 AM
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The owner of Mac's, Couche-Tard and Circle K convenience stores says U.S. operations remained on a roll in its fiscal first quarter as lower fuel prices drove higher gasoline volumes and merchandis...
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:58 AM
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Hedge fund performance will drive further M&A
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:56 AM
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Activist hedge funds have launched more non-U.S. campaigns this year than any year since the financial crisis, as managers slowly expand overseas in the face of a more challenging market at home.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:54 AM
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"We were looking for a special candidate who reflects the values and respects the unique role the Royal Society of Canada has played, and will play, in Canada and the world," said Graham Bell, President and Chair of the Council. "We are delighted that someone with Iris Almeida-Côté's principled commitment to engaging the next generation of leaders and celebrating the best of the best in Canadian scholarship is going to guide the Royal Society of Canada into a new era of growth, innovation and achievement, as Chief Executive Officer."
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:48 AM
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The Globe and Mail offers the most authoritative news in Canada, featuring national and international news
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:36 AM
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DoubleLine Capital, the investment firm overseen by Jeffrey Gundlach, on Monday opened a new mutual fund to give investors exposure to commodities markets and help them diversify.The DoubleLine
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:36 AM
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Daniel Loeb's hedge fund Third Point fell 5.2 percent in August as world market's were roiled by fears about China's dramatic slowdown, a person familiar with the results said on Monday.Third Point
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Scooped by
Institut sur la gouvernance (IGOPP)
September 1, 2015 9:35 AM
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Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and
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