October 11, 2009
Here's your chance to offer your own comments as well as to learn what regulators, journalists, teachers, students, and society at large thinks about boards and business.
August 4, 2009
Succession plan sets up race among as many as five leading candidates.
June 26, 2009
The current economic downturn and the increased frequency and severity of claims against directors and officers that will likely ensue make it more crucial than ever for directors to take a close look at their company’s Directors and Officers (D&O) insurance coverage and ensure that appropriate coverage is in place.
June 19, 2009 by Joseph McCafferty
Obama’s financial-market reforms announced Wednesday will be the starting point for new US systemic risk regulation and corporate governance rules, especially regarding shareholder rights.
June 8, 2009
Bank of America elected four new directors, with all having a financial background. They were approved in a conference call of the board Friday morning.
May 29, 2009 by Joseph McCafferty
Carlyle Group’s settlement with New York Attorney General Andrew Cuomo will curb “pay-to-play” campaign contributions to elected officials who sit on public fund boards, reports Global Proxy Watch.
April 30, 2009
Bank of America shareholders voted to remove CEO Ken Lewis as chairman. A shareholder proposal to split the chairman and CEO positions passed with 50.34 percent of the vote.
April 24, 2009 by Joseph McCafferty
On April 14 the European Sustainable Investment Forum released a call to the European Commission to adopt disclosure rules of environmental, social, and governance issues, according to Global Proxy Watch.
April 17, 2009 by Joseph McCafferty
Public employee champion Rich Ferlauto has launched a new shareholder advocacy group aimed at aligning shareholders in actively engaging their investments.
April 10, 2009 by Joseph McCafferty
In a new analysis, Global Proxy Watch reports that banks that crashed had more entrenched directors, more power vested in the CEO, and less board expertise in the financial industry.
April 9, 2009 by Joseph McCafferty
The Securities and Exchange Commission is trying to prevent victims of Bernard Madoff’s Ponzi scheme from filing their own personal bankruptcy claims against the disgraced money manager.
March 26, 2009 by Joseph McCafferty
U.S. pension funds, having suffered near-catastrophic losses in 2008, are moving away from the stock market and towards the purchase of bonds.
March 20, 2009 by Joseph McCafferty
Sources at Global Proxy Watch report that Didem Nisanci, policy advisor and staff director for Senator Jack Reed (D-RI), will soon be named the chief of staff at the Securities and Exchange Commission.
March 6, 2009 by Joseph McCafferty
Expect the Securities and Exchange Commission to abolish broker “ballot stuffing” in US board elections, reports Global Proxy Watch. SEC chair Mary Schapiro is expected to take on proxy access within the next few weeks, making it easier for shareholders to nominate directors to troubled company boards.
February 27, 2009 by Joseph McCafferty
The Securities and Exchange Commission has confirmed that hundreds of federally supported financial companies must hold their first “say on pay” votes this year. These advisory votes represent an extraordinary expansion of this reform and will likely set the stage for a market-wide rule.
February 20, 2009 by Joseph McCafferty
Although banks are taking the brunt of the blame for the global financial crisis, private-equity firms are feeling the pressure, too.
February 20, 2009 by Joseph McCafferty
Stringent executive pay restraints in the new stimulus package President Barack Obama signed Tuesday are a foretaste of economy-wide restrictions likely to come out of a US Congress steamed up about the issue.
February 20, 2009 by Joseph McCafferty
In a bold, industry-wide game-changer, RiskMetrics announced said that it is buying New-York based Innovest, a global leader in environmental, social and governance (ESG) research, for $16 million in cash.
February 6, 2009 by Joseph McCafferty
Global Proxy Watch reports today that Securities and Exchange Commission Chairman Mary Schapiro will name Kayla Gillan, a prominent corporate governance champion, to a “top chief-of-staff-like post.”
