Corporate governance - Vigil

Aligning culture with purpose, values and strategy can strengthen a company’s business model, help to better manage resources and be more equipped to face future challenges, according to a new report issued today by the FRC.

A loss of momentum in oil markets has prompted investors and traders to dial down bets on how fast inflation will run in the coming years.

Vivendi SE said it plans to launch a takeover bid for Lagardère SA, a deal that would resolve a yearslong saga over control of the Hachette books owner.

ecurities and Exchange Commission Chairman Gary Gensler took aim Thursday at blank-check companies known as special-purpose acquisition companies, or SPACs, saying they provide ordinary investors with incomplete information and insufficient protection against conflicts of interest and fraud.

Tyson Foods Inc. said it plans to spend about $1.3 billion to automate parts of its production lines over the next three years, as meatpackers struggle with a nationwide labor shortage that has left many processing plants understaffed this past year.

In corporate governance, 2021 was characterized by continued use of virtual meetings, a rapid acceleration in the importance of environmental, social and governance (ESG) issues, an ongoing search for new tools and guidance for corporate governance, and a renewed focus on dual class share structures.

Research in finance and economics on corporate culture is at an exciting stage. As we describe in our survey on Corporate Culture, we are on the precipice of a new paradigm in the study of corporations. While futuristic visions of a workplace once seemed far-fetched, leaders foresee an immersive, hybrid world where social interaction, commerce and the internet all meet

The growing shift in corporate governance requires organizations to break down silos and create more deliberate alignment and collaboration across critical functions, including ESG/sustainability, public affairs, risk, ethics, human resources and compliance. This necessitates a stronger focus on the “G” in ESG.

the FCA published Policy Statement PS21/22 which sets out a series of changes to the Listing Rules to remove barriers to listing in London. The changes seek to address and build upon the proposals of the recent review by Lord Hill. The FCA believes that these changes will reduce barriers to companies listing in the UK and encourage private companies to consider listing at an earlier stage, while still retaining high standards for investors.

Lee Enterprises Inc. said its board rejected an unsolicited proposal from New York hedge fund and U.S. newspaper consolidator Alden Global Capital LLC to purchase the company for $24 a share in cash.

Italy’s antitrust regulator fined Amazon $1.3 billion, saying it harmed competitors by favoring third-party sellers that use the company’s logistics services, a decision that reflects increased scrutiny of tech giants by antitrust regulators globally.

With the new Omicron variant extending hybrid or fully remote policies into 2022, most C-suite execs, including CIOs, are recognizing the need to develop longer-term hybrid workplace strategies built around new technologies employees can use to improve collaboration and productivity while balancing work and life circumstances, according to several CIOs interviewed recently.

Martin Shkreli is slated to face off in court next week against the Federal Trade Commission, which has accused him of using anticompetitive tactics to drive up the price of the AIDS treatment drug Daraprim.

If he loses his voting shares in his drug company Vyera as demanded by the FTC, insiders say a proxy battle for control of the company’s board will likely ensue. The aim of the insurgents, sources told On The Money, is to wrest control away from Shkreli, who has been running Vyera from jail.

A Spanish judge ruled that Banco Santander SA must pay Andrea Orcel more than $75 million for reneging on a promise to name him chief executive, in the latest twist in a fight between two of Europe’s most powerful bankers.

Intel Corp. Chief Executive Pat Gelsinger says his plan to turn around the U.S. semiconductor company is a multiyear assignment.

Volkswagen AG’s besieged chief executive has survived a monthslong battle with labor leaders but he will now lead Europe’s biggest auto maker on a shorter leash, raising questions about how fast and how far he can push through the electric transformation he started at the company.

Rogers Communications Inc. is raising $2-billion in credit markets to pay for recently acquired wireless spectrum and shore up its balance sheet ahead of its planned acquisition of Shaw Communications Inc.

In recent years, several countries have imposed disclosure requirements on public firms for environmental, social, and governance (ESG) performance. These mandates have also been accompanied by the European Union’s wide-reaching Non-Financial Reporting Directive, effective in 2018. Similar legislative attempts to impose mandatory ESG disclosure have been made in the U.S. 

McCarthy Tétrault virtually hosted the 19th Annual Disclosure and Governance Seminar on November 16, 2021 with leading experts from public issuers, institutional investors, securities regulators as well as independent directors to discuss new disclosure and governance rules, trends and best practices. This blog highlights the top five takeaways

CN has been recognized for leadership in corporate governance, ranking first in the Globe and Mail’s Report on Business’ annual comprehensive assessment of 220 S&P/TSX Composite Index Members.

Institutional Shareholder Services Inc., a leading provider of corporate governance and responsible investment solutions to the global financial community, today released updates to its 2022 ISS benchmark proxy voting policies. The updated policies will generally be applied for shareholder meetings taking place on or after Feb. 1, 2022, except for those updates that are being announced now with a one-year transition period and which will become effective in 2023.

A group led by private-equity company EQT AB is acquiring a minority stake in banking-software firm Mambu, a deal that values the financial-technology company at more than $5.3 billion, the companies said.

Virtually all assets under management in the U.S. are still managed by white, male-owned or led investment firms despite women making up more than half the population and non-white-identifying people counting for nearly half the population, according to a new study commissioned by the John S. and James L. Knight Foundation