All Boards & Shareholders articles – Page 8
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ArticleLuckin Coffee fires CEO, COO over accounting scandal
Luckin Coffee, the China-based equivalent of Starbucks roiled by allegations of fabricating millions in 2019 sales, has fired its CEO and reshuffled top leadership as part of its ongoing internal probe.
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Elon Musk again tests SEC with 'stock price is too high' tweet
Tesla CEO Elon Musk is at it again on Twitter, this time with a comment he made about the electric car company’s stock price being too high.
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ArticleGlass Lewis and ISS issue new policy guidance on impacts of the coronavirus
Glass Lewis and Institutional Shareholder Services both issued new policy guidance this week on how they intend to approach a variety of matters around the coronavirus pandemic, including executive compensation.
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ArticleSEC promotes virtual board meetings amid coronavirus crisis
The SEC has shared guidance to assist public companies, investment companies, shareholders, and other market participants affected by the coronavirus pandemic with their upcoming annual shareholder meeting obligations.
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ArticleCoronavirus: Tips for risk management
As the coronavirus worldwide pandemic spreads, the ramifications for any business has gone from temporary disruption to a serious impediment. Here are 10 steps your company can take to mitigate its risks.
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ArticleWells Fargo former board chairs hesitant to accept accountability
Elizabeth Duke and James Quigley remained unwavering about accepting any sort of accountability in their oversight roles as former board members of Wells Fargo at a tense Congressional hearing Wednesday.
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ArticleTwo Wells Fargo board members resign ahead of congressional hearing
Two Wells Fargo board members who were scheduled to testify at a congressional hearing this week in the aftermath of the financial institution’s fake account scandal have resigned.
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ArticleESG at the vanguard of company objectives in 2020
According to the latest research, 2020 may be the year when corporations finally embrace environmental, social, and governance initiatives.
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SeaWorld Entertainment to pay $65M in shareholder class action
SeaWorld Entertainment disclosed in a recent regulatory filing it has reached a $65 million settlement to resolve a class-action lawsuit over allegations investors were misled about the impact of the 2013 documentary film Blackfish.
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ArticleSpirit AeroSystems faces class action over accounting woes
In the wake of an ongoing accounting probe and the resignation of two top finance executives, Spirit AeroSystems is facing a class-action lawsuit filed on behalf of shareholders.
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ArticlePoll: U.S. companies want to respond to proxy advisor voting recommendations
According to a Willis Towers Watson survey, the majority of U.S. publicly traded companies would not remain silent if given the opportunity by the SEC to respond to proxy advisor voting recommendations.
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ArticleBlackRock: Climate change ‘defining factor’ in companies’ futures
Fund manager BlackRock announced several new initiatives with a focus on sustainable investing, including holding companies and boards more accountable where they are not making enough progress on sustainability-related disclosure.
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ArticleArgo Group agrees with Voce to overhaul board
Argo Group, a Bermuda-based insurance company, announced it has reached an agreement with activist fund Voce Capital Management to make changes to the composition of Argo’s board of directors.
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ArticleNew York legislation requires ‘Women on Corporate Boards Study’
New York Governor Andrew Cuomo has signed legislation requiring a study to be conducted on the number of women directors who serve on each board of directors of domestic and foreign companies authorized to do business in New York.
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ArticleTop 10 risks to keep executives on their toes in 2020
A new study from Protiviti and North Carolina State University not only highlights those risks companies should keep an eye on in the coming year—it also prompts leadership to explore whether or not they’re taking enough risks.
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ArticleTroubled Boeing loses legal head to retirement
J. Michael Luttig, who has led Boeing’s legal matters associated with the Lion Air Flight 610 and Ethiopian Airlines Flight 302 crashes, will retire at year end.
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ArticleApple, Walmart among compliance winners of 2019
Strong social stances, a dedication to doing what’s right, and leading by example highlight the qualities exemplified by our list of ethics and compliance winners of 2019.
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ArticleStudy: Board diversity, gender pay, political contributions top shareholder agendas
A Conference Board analysis of trends in shareholder voting and activism in Russell 3000 corporations demonstrates more shareholder savvy and creativity in pursuing social and environmental issues.
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ArticleAt rare open meeting, PCAOB says it’s on path to change
A recent PCAOB open meeting reviewed details about shareholder outreach and offered a view into its five-year strategic plan.
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ArticleMore companies pointing finger at proxy advisory firms
A new survey from the U.S. Chamber of Commerce and Nasdaq says the number of companies identifying conflicts of interest at proxy advisory firms has almost doubled.