Corporate Governance

By Charlie Helps | Setting the pace with the latest trends and news in Corporate Governance and Social Responsibility. Daily Corporate Governance and CSR news: http://paper.li/ToGovern Twitter: http://twitter.com/ToGovern #CorpGov #ToGovern #CSR #Risk

Deutsche Bank chief denies asking German government for help

The British chief executive of Deutsche Bank has played down the need for Angela Merkel to intervene in its discussions with the US over a $14bn (£10.5bn) penalty as he pressed on with selling off assets to bolster its capital position.<p>As senior bankers and policymakers insisted that the problems …

Banking

Brexit negotiator hits out at UK ministers' mixed messages

Guy Verhofstadt, the European parliament’s chief Brexit negotiator, has become the latest in a line of senior EU figures to point out apparent contradictions in British ministers’ recent policy statements.<p>After the foreign secretary, Boris Johnson, a leading light of the leave campaign, said on …

United Kingdom

British woman, 26, becomes one of world’s youngest airline captains

A British woman has become one of the world’s youngest commercial airline captains at the age of 26. Kate McWilliams, from Carlisle, said she is asked about her age by cabin crew and passengers almost daily and most people are “pleasantly surprised and impressed” when she tells them.<p>McWilliams …

Airlines

Apple 'in talks to buy McLaren'

McLaren has denied it is in acquisition talks with Apple after claims the iPhone maker was preparing a billion-pound bid for the British supercar manufacturer.<p>The Woking-based company said there were no discussions over a sale or investment from Apple. It followed reports that the two companies had …

Automotive

Wells Fargo has one heck of a scandal on its hands

Wells Fargo CEO John Stumpf endured a nearly three-hour questioning from the US Senate banking committee on Tuesday.<p>Stumpf was constantly taken to task by senators, both Democratic and Republican, for the scandal in which Wells Fargo employees opened roughly 2 million checking and credit accounts …

Banking

Everyone loses out when corporate governance falls by the wayside

“An ordinary day ended as the biggest manmade ecological disaster in history,” says one of the taglines.<p>Trailers for the new disaster movie Deepwater Horizon, based on the April 2010 disaster, which will be released later this month, quickly shift from sickly sweet family scenes of Mark Wahlberg …

Corporate Governance

Sports Direct braces for investor revolt against management at AGM

Sports Direct is braced for a fierce investor revolt at the company’s annual shareholder meeting this week as another influential City investor declared it would vote against the reappointment of chairman Keith Hellawell.<p>Hermes Investment Management, which manages and advises on £215bn of assets, …

Finance

Obama and Xi Formally Commit U.S. and China to Paris Climate Accord

HANGZHOU, China — President Obama and President Xi Jinping of China formally committed the world’s two largest economies to the Paris climate agreement here on Saturday, cementing their partnership on climate change and offering a rare display of harmony in a relationship that has become …

China

Theresa May reveals her shoes are the 'greatest love' of her life and that she dislikes her nose

Theresa May has said her shoes are the "greatest love" of her life and that she dislikes her nose, in a revealing personal interview with a local magazine.<p>The Prime Minister confessed that her shoes were here "greatest extravagance" and that her motto for life is 'Don’t let the b******* get you …

UK Politics

Airbus faces SFO corruption inquiry

Criminal investigation into allegations of fraud, bribery and corruption in passenger jet business

Aviation

Directors’ Watchlist

Charlie has been serving “free to air,” hand-selected content on corporate governance, Corporate Social Responsibility, risk, sustainability, …

by | | Articles<p>Following the referendum vote to leave the EU, the UK Financial Conduct Authority released a statement confirming that companies must …

Oil prices plummet amid continued oversupply, with no end in sight

Oil may be a precious and dwindling resource, but at the moment, at least, it looks like we just have too much of it. Crude-oil prices are now at their lowest since early April, hit by continued oversupply, concerns about global demand and negative price sentiment by oil-market participants. And …

Finance (UK)

EU demands Britain pays pensions of 1,730 Eurocrats in wake of Brexit vote

A bitter clash is looming over who will foot the bill for paying pensions owed to thousands of British Eurocrats when the UK leaves the EU.<p>Brussels has estimated its pensions liability at €60 billion (£50.7 billion) for all retired and current officials, with annual payments currently at about €1.4 …

United Kingdom

Brexit gives UK 'huge advantage' in trade deals, predicts car industry chief

Brexit presents “unprecedented” opportunities to seal trade deals that are beneficial to both the UK and foreign partners, according to the boss of Britain’s biggest car dealer.<p>Reporting steady gains in revenue and profit at the half-year stage, Pendragon chief executive Trevor Finn said although …

United Kingdom

A Set of Core Values Is What Makes Company Culture a Real Thing

Everyone wants to work for a company they believe in. We’ve all heard tales of startups trading a paycheck for shares in an effort to scoop up the best talent. Some companies have captured great employees for peanuts simply because they have something for people to believe in.<p>Even though many of …

Employment

Theresa May will soon have to decide which Brexit to take

It is now a month since Britain voted to leave the EU. By common consent, at home and abroad, it was a massive historical moment. The best of times for some. The worst of times for others. Some compared it to the fall of the Berlin Wall. Others to the defeat of Hitler. Yet with the exception of the …

The UK’s new PM has already clashed with Silicon Valley over her push for more surveillance powers

New UK prime minister Theresa May is not the best-known politician on the international stage. But she has already been in the global spotlight for a controversial surveillance bill, which united an unusual collection of organizations in opposition, from Silicon Valley corporate giants to …

This $2.8 billion startup gets all of its daily meetings done in 10 minutes

This morning I made another visit to the San Francisco headquarters of Pivotal— the $2.8 billion enterprise-software company backed by the likes of Ford, Microsoft, and GE — to meet some of the management team.<p>I arrived just in time for breakfast: Like I found out on my previous visit, Pivotal …

Startups

Fatal crash prompts federal investigation of Tesla self-driving cars

A letter from the National Highway and Transportation Safety Administration says that it is investigating all Tesla vehicles equipped with any version of its “Autopilot Technology Package” in the wake of a crash in May that killed a 40-year-old man.<p>The accident that killed Joshua Brown appears to …

Tesla

Executive pay back on the agenda after Brexit

The complexities of executive pay packets could move up the agenda following the EU referendum vote, as investors capitalise on Theresa May’s calls for companies to be more responsible citizens, a leading remuneration firm has said.<p>The new Prime Minister said in a speech this week that she wanted …

Executive Compensation

First legal attempt to prevent Brexit set for preliminary hearing

The first legal attempt to prevent the prime minister initiating Britain’s withdrawal from the European Union is to be heard later this month.<p>A high court judge, Mr Justice Cranston, has set 19 July for a preliminary hearing of the judicial review challenge brought on behalf of the British citizen …

Law (UK)

Governance by good intentions fails time after time

The June 30 front-page article “Desperation, violence as supplies dwindle in Venezuela” should be required reading for those who voted for Sen. Bernie Sanders (I-Vt.) in his bid for the Democratic nomination for president and those Americans looking for recent evidence to debunk socialism.<p>In just …

Governance

Don't trust Chinese economic data? A new source is coming

<b>Hong Kong (CNN) —</b> If you're skeptical about China's official economic data, another option is on its way.<p>Chinese Internet giant Baidu is diving into the vast amount of data it collects in an attempt to give the world a clearer picture of the world's second-largest economy.<p>Baidu is China's leading …

China

Controversial exports in German arms report: newspaper

Qatar and Saudi Arabia received controversial German arms exports worth several billion euros last year, according to a major Sunday newspaper. Germany's military sales as a whole nearly doubled compared with 2014.<p>According to the "Welt am Sonntag" (WamS) newspaper, a 180-page Economy Ministry …

Germany

There's about to be huge upheaval in the financial world

The UK has voted to leave the EU, and there is much still to be resolved.<p>One thing is certain, however: The investment-banking industry, and international finance more broadly, is likely going to change in a profound way.<p>The vote to leave the EU will not just affect where business is done, but what …

Finance

Who are California's top-paid CEOs?

Among the top executives of California’s biggest companies, the highest paid, Mark Hurd, works for a tech company in the San Francisco Bay Area.<p>So does the second best. And the fourth. And the fifth. Among the top five, Disney’s Robert Iger stands alone as the only CEO from outside of Silicon …

CEO

Does Your Business Model Look to the Future or Just Defend the Present?

Established industries aren’t ripped apart overnight. That takes time, though when momentum builds, change happens fast. How can incumbents manage through the monumental changes currently under way? One answer is to take a cue from pivotal technology companies leading the change.<p>Many of the …

The Future