All Boards & Shareholders articles – Page 16
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SEC proposes universal proxy cards
The SEC has proposed amendments to the proxy rules that would require parties in a contested election to use universal proxy cards that would include the names of all board of director nominees. Joe Mont reports.
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Survey: Proxy access continues to gain steam
Joe Mont explores a key finding from Shearman & Sterling’s executive compensation survey—the number of proxy access proposals submitted for the 2016 proxy season rose significantly compared to 2015.
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Wells Fargo CEO retires amid cross-selling scandal
Wells Fargo CEO John Stumpf called it quits on Thursday, retiring amid revelations that at least 2.5 million unauthorized accounts and credit cards were opened on behalf of unsuspecting customers. The hasty departure, however, says Joe Mont, may not satisfy his most vocal critics.
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San Francisco, we have a problem
Richard Steinberg asks: If Wells Fargo CEO John Stumpf had realized how big his problems were about to become, would he have acted differently?
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Q&A: Farient Advisors’ John Trentacoste
Joe Mont talks with John Trentacoste, a director at Farient Advisors, on how Wells Fargo’s woes may influence boards’ compensation decisions.
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All is not well at Wells
Stephen Davis and Jon Lukomnik examine the fallout from the Wells Fargo scandal, delving into what could have been done better by management and offering some tips for other companies, read: banks, to avoid the same fate.
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A culture of sexual harassment
Columnist Richard Steinberg looks at the sexual harassment suit against Fox News CEO Roger Ailes and its impact on corporate culture, asking, “What to do when the CEO is also chairman?” That’s why board independence is so important, says Steinberg.
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Theresa May: unexpected champion of employee board members
British Prime Minister Theresa May surprised everyone when she pledged to push for the installation of workers to company boards. But how will she actually accomplish that goal, ask Stephen Davis and Jon Lukomnik. And will other nations follow the U.K.’s lead?
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The hidden key to a good buyback plan: communication
It’s fashionable to slam stock buyback plans, but does it really have to be that way? Stephen Davis & Jon Lukomnik look into why buybacks are so heavily criticized and what directors need to do to make a better case for them.
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6 more ‘C’mon, man!’ moments
Regular followers of CW columnist Richard Steinberg will recognize his ‘C’mon, man, moments’—those peculiar business world goofs that leave us all perplexed. From overboarding to outlandish expense reporting, enjoy this latest installment.
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Executives and investors form alliance to drive better governance
In part an after-effect of say-on-pay rules, shareholders are finding corporate executives and their boards increasingly willing to improve upon their once confrontational relationship. Joe Mont reports.
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BlogStudy: cash retainers for board service reach new highs
While median pay for outside directors at the nation’s largest corporations increased modestly in 2015, the growing trend of taking a fixed approach to director pay drove the annual cash retainer for board service to $100,000 for the first time, according to an analysis by Willis Towers Watson. Joe Mont ...
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IFRS Foundation names new director for trustee activities
The IFRS Foundation has appointed Richard Thorpe as its new director for trustee activities. He replaces David Loweth, who will step down from his full-time position to take up a part-time role looking at developments in corporate reporting and their relevance to IFRS standards.
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Are long-standing directors the ‘new insiders’?
The notion persists that long-tenured directors are too familiar with the organization to provide useful, objective leadership. But as CW columnist Richard Steinberg points out, there is definitely something to be said for deep experience and expertise.
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Hostilities resume between the SEC and institutional investors
It was all going so well. Institutional investors had made numerous efforts to comply with new SEC rules monitoring proxy advisers, but fresh legislation—HR 5311—might drive a permanent wedge between corporate boards and proxy advisers. More from columnists Stephen Davis and Jon Lukomnik.
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VW’s Dieselgate has finally reached the automaker’s C-Suite
The VW emissions-testing scandal has reached the embattled automaker’s C-Suite. It was only a matter of time. Tom Fox reports.
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New blood at the Serious Fraud Office
A report from Her Majesty’s Crown Prosecution Service Inspectorate has attacked the Serious Fraud Office for being a largely white, all-male board. Paul Hodgson examines the merits of the report and the SFO’s response.
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Risk reporting to the board
On the heels of Jim DeLoach’s “Six Principles for Improving Board Reporting,” Richard Steinberg offers four more principles regarding board risk oversight to ensure effective risk management, establish who is responsible for it, put board reporting in its proper context, and set channels of communication.
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How CCOs went from a board-level afterthought to a strategic partner
In a perfect world, chief compliance officers should not be an afterthought for the board of directors, but rather a strategic partner. Joe Mont recaps a CW 2016 panel discussion on strategies CCOs can take to gain the ear, if not mindshare, of directors.
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Former CalPERS CEO gets four years in prison
A California federal judge yesterday sentenced the former chief executive officer of the California Public Employees Retirement System to four years and six months in prison for engaging in a bribery and corruption scheme.