Governance

Investors are demanding better information on risk and whether a company's really going to last

Investors are demanding that companies' boards should give more information of how they identify and manage risk to protect the sustainability of the …

This tax loophole led to massive CEO pay packages. Why eliminating it isn’t likely to rein them in.

Twenty-five years ago, Bill Clinton campaigned on an idea for limiting excessive pay for American CEOs: Cap the tax deductibility of top executives' compensation at $1 million, and companies, not wanting bigger tax bills, might reel in their pay. In his 1993 budget, advisers suggested a compromise: …

News (U.S.)

Democracy Cookbook: Appointments to the boards of state-owned companies

<b>By Jeffrey Pittman</b><p>The role that sound corporate governance structures play in protecting the financial interests of Newfoundland and Labrador’s …

Bidder for Weinstein Company suggests rare boardroom set-up: A majority-female board

Maria Contreras-Sweet, who led the US Small Business Administration under President Obama, has submitted a bid to acquire the Weinstein Co., the …

Gloria Allred

Football Association: Lawyer Rupinder Bains appointed to board

<b>The FA has changed eligibility rules to appoint a second female to its board, following governance reforms.</b><p>Lawyer Rupinder Bains joins as the third Professional Game (PG) non-executive director after being approved by the Premier League and EFL.<p>Rules stating a PG member of the board should be a …

READ: Zola Tsotsi's explosive submission to parliament

READ THE FULL SUBMISSION BELOW:<p>I feel privileged to have been afforded the opportunity to appear before this committee so that I may make my …

News (South Africa)

Tony Pitt on board at Asia Pacific Data Centre

Veteran fund manager Tony Pitt has moved onto the board at Asia Pacific Data Centre as he consolidates his control over the $200 million property …

Romania’s moves on corporate governance alarm investors

Neil Buckley<p>Romania surprised Europe last week by reporting year-on-year growth of 8.8 per cent in the third quarter — 3 percentage points above …

Economy

Ripple Adds ‘BitLicense’ Architect Ben Lawsky to Board of Directors

BitLicense architect Ben Lawsky has joined fintech startup Ripple’s Board of Directors.<p>Lawsky, a former federal prosecutor, was a thorn in the side …

Bitcoin

No short-term impact from stalled German coalition talks: ThyssenKrupp CEO

ThyssenKrupp CEO Heinrich Hiesinger speaks about German politics and safeguarding the European steel industry.

Corporate governance expert: Uber will feel the wrath of its customers

Anita Anand, the J.R. Kimber Chair of Investor Protection and Corporate Governance at the University of Toronto joins BNN to provide the corporate …

Business (Canada)

TCI asks regulators to appoint new London Stock Exchange chairman

LONDON (Reuters) - The Bank of England and Britain’s markets watchdog should step in to appoint a new chairman at the London Stock Exchange (LSE.L), Christopher Hohn, founder of activist hedge fund TCI said on Tuesday.<p>FILE PHOTO: CEO of the London Stock Exchange Xavier Rolet speaks at the Qatar UK …

London Stock Exchange

Review recommends larger fines for accountancy firms

and Cat Rutter-Pooley<p>The UK accounting watchdog is poised to increase the level of fines it can issue to more than £10m as pressure mounts on the …

Uber's Data Breach Crisis: 3 Lessons for CEOs

This morning we learned that the previous leadership at Uber concealed a data breach last October that revealed private information about 600,000 drivers and 57 million riders. Worse, the company paid a $100,000 ransom to hackers in order to keep the incident quiet. These revelations echo the …

Cybersecurity

Governing Growth

Tata and Infosys have long been icons of good corporate governance in India. Yet in the past year, both have faced issues of appointment of executive …

Eskom board were 'in awe' of Molefe

The Eskom board were “in awe” of the achievements of former Eskom CEO Brian Molefe in stabilising Eskom and therefore supported the move to make his …

News (South Africa)

Board appoints an old hand to lead Ayo ahead of listing

African Equity Empowerment Investments (AEEI) has made a key executive appointment at Ayo Technology Solutions, a subsidiary that is planning for a …

Business (South Africa)

The Avoidable Mistakes Executives Continue to Make After a Data Breach

The past few years have taught us that companies <i>will</i> be breached and consumer data <i>will</i> be stolen. Last year was a record year for data breaches, and 2017, so far, has seen its fair share of high-profile cyberattacks. Still, top executives continue to stumble in the way they respond to an attack, …

Security

Huge gains, few risks: Report slams Canada’s CEO pay model

The typical Canadian CEO makes $8 million a year, 140 times the average private-sector salary, according to new research by the Montreal-based …

Money (Canada)

Report urges companies to rethink executive pay practices

Companies should give CEOs share units less often and stop paying them with stock options to motivate better long-term performance and minimize the role of luck in compensation payouts, a new report argues.<p>The Quebec-based Institute for Governance of Private and Public Organizations has proposed …

Business (Canada)

Corporate succession: planning does not always pay off

Philip Stiles<p>One leader departing and another taking over is a perilous and emotional event in the life of an organisation. The stories of difficult …

MBA

Adam Szymczyk Hits Back at documenta Board and Financial Audit

Art World<p>The embattled director of over-budget exhibition says he was excluded—and gagged—during independent audit.<p>,<p>The embattled artistic director …

Don’t Sell Your Company’s Private Jet Fleet Just Yet

When company’s operations are spread out and governance is good, corporate jets can boost performance<p>General Electric’s executives are getting reacquainted with the joys of commercial air travel. But the decision by the company’s new chief executive to cut the use of company-owned jets may pay off …

Cahill Gordon Elects Four New Partners Following Strong Year in 2016 | Cahill Gordon Reindel LLP

Date: 01/17/17<p>Cahill Gordon & Reindel LLP announced today that four new partners have been elected to the partnership effective January 1, 2017: …

Glencore executives quit Katanga board amid financial reporting 'weaknesses'

by Tom Wilson<p>Glencore's head of copper and two other executives stepped down as directors of the trader's Congolese copper and cobalt unit, Katanga …

Vice-chancellor of Bath University called on to resign after report

Universities watchdog finds governance of senior pay lacked transparency, and says reputation of Bath has been damaged<p>Staff at the University of Bath have demanded the immediate resignation of the vice-chancellor and board of governors after the publication of a damning report into senior pay and …

London Stock Exchange appointed City law firm Schillings in shareholder battle

Directors at the London Stock Exchange (LSE) Group have appointed City law firm Schillings ahead of a vital shareholder meeting to decide a battle …

London Stock Exchange

UK CFOs keen to combat data uncertainty but lag on tech spending

<i>Data security, data ownership and the use of cloud technology are stirring uncertainty among global Chief Financial Officers, according to a new</i> …

Consulting

Crown appoints two new board members

Crown Resorts has appointed two new non-executive directors to its board in the latest change to the casino operator's leadership team.

James Packer

Male company directors get voted against for no women boards

Boards refusing to appoint a woman on their board are being punished by shareholders who are exercising their right to vote against reelection of …