AIG Shareholders to Elect New Directors
June 30, 2009
American International Group is set to elect a new slate of directors at its annual meeting.
June 30, 2009
American International Group is set to elect a new slate of directors at its annual meeting.
Governance in Crisis: Redefining the CEO Role
June 9, 2009
In a keynote address at NACD Directorship's Global Forum on June 9th in New York, Ben W. Heineman Jr., former general counsel at General Electric and now a senior fellow at Harvard, argued that to restore investor confidence and enhance accountability requires a redefinition of the CEO role and some fundamental changes to corporate governance.
June 9, 2009
In a keynote address at NACD Directorship's Global Forum on June 9th in New York, Ben W. Heineman Jr., former general counsel at General Electric and now a senior fellow at Harvard, argued that to restore investor confidence and enhance accountability requires a redefinition of the CEO role and some fundamental changes to corporate governance.
Kjaer: ‘Not Here With My Own Agenda’
April 29, 2009
RiskMetrics Group yesterday named Knut Kjaer, former head of the $370 billion Norwegian oil fund, to the newly created position of president. In an interview, Kjaer said the role will allow him to focus on two areas of keen interest to him--risk management and corporate governance--and that he would not seek to impose his personal views on investors.
April 29, 2009
RiskMetrics Group yesterday named Knut Kjaer, former head of the $370 billion Norwegian oil fund, to the newly created position of president. In an interview, Kjaer said the role will allow him to focus on two areas of keen interest to him--risk management and corporate governance--and that he would not seek to impose his personal views on investors.
More Focused, Intense Oversight Marks New Era
April 1, 2009 by Mary Pat McCarthy
Crisis tends to be a catalyst; crisis and uncertainty together can trigger a sea change. Dealing with this uncertainty is now a top priority—and a major challenge—for boards and audit committees.
April 1, 2009 by Mary Pat McCarthy
Crisis tends to be a catalyst; crisis and uncertainty together can trigger a sea change. Dealing with this uncertainty is now a top priority—and a major challenge—for boards and audit committees.
In Crisis or Calm
April 1, 2009 by Mike Egan
In order to effectively react to a crisis, boards and management need to be able to respond quickly to changing circumstances, while avoiding hasty (and perhaps ill-advised) decision-making.
April 1, 2009 by Mike Egan
In order to effectively react to a crisis, boards and management need to be able to respond quickly to changing circumstances, while avoiding hasty (and perhaps ill-advised) decision-making.
Sony’s CEO to Double as President
February 27, 2009 by Joseph McCafferty
Sony today unveiled a sweeping shake-up of its businesses and radical management changes aimed at better integrating its hardware and software operations and giving Sir Howard Stringer, chief executive, more control of the group’s struggling electronics businesses.
February 27, 2009 by Joseph McCafferty
Sony today unveiled a sweeping shake-up of its businesses and radical management changes aimed at better integrating its hardware and software operations and giving Sir Howard Stringer, chief executive, more control of the group’s struggling electronics businesses.
Immelt Waives $12M GE Bonus; Board Lowers Bar for Shareholder Meetings
February 18, 2009 by Joseph McCafferty
General Electric’s Jeff Immelt has waived his right to collect bonus and performance-based pay that would have netted the chief executive more than $12 million in cash.
February 18, 2009 by Joseph McCafferty
General Electric’s Jeff Immelt has waived his right to collect bonus and performance-based pay that would have netted the chief executive more than $12 million in cash.
Brooks Automation’s CEO Sees Comp Changes
February 17, 2009 by Joseph McCafferty
Brooks Automation has extended the employment agreement of its CEO, Robert J. Lepofsky, and temporarily reduced his annual salary by 17 percent, or $100,000.
February 17, 2009 by Joseph McCafferty
Brooks Automation has extended the employment agreement of its CEO, Robert J. Lepofsky, and temporarily reduced his annual salary by 17 percent, or $100,000.
A CEO Gets Rare Second Act
February 3, 2009 by Joseph McCafferty
When Joseph Galli Jr. got forced out as chief executive officer at Newell Rubbermaid Inc., he was certain he would brush himself off and try for another CEO job. From his father, a school dropout who built a successful scrap yard near Pittsburgh, Mr. Galli learned to work hard and never give up.
February 3, 2009 by Joseph McCafferty
When Joseph Galli Jr. got forced out as chief executive officer at Newell Rubbermaid Inc., he was certain he would brush himself off and try for another CEO job. From his father, a school dropout who built a successful scrap yard near Pittsburgh, Mr. Galli learned to work hard and never give up.
Ex-AIG CEO Gives Up Stock
December 31, 2008 by Joseph McCafferty
Former AIG chief executive Robert Willumstad will forego stock awards he was granted as part of his agreement to step into the insurer's top post last June.
December 31, 2008 by Joseph McCafferty
Former AIG chief executive Robert Willumstad will forego stock awards he was granted as part of his agreement to step into the insurer's top post last June.
GCAC Replaces CEO, Board
December 30, 2008 by Joseph McCafferty
Following the resignations of its CEO and board of directors, Global Consumer Acquisition Corp. announces a new CEO and board slate.
December 30, 2008 by Joseph McCafferty
Following the resignations of its CEO and board of directors, Global Consumer Acquisition Corp. announces a new CEO and board slate.
Time Warner Merges CEO and Chairman
December 12, 2008 by Joseph McCafferty
Time Warner will begin 2009 with a new chairman, though not a new face.
December 12, 2008 by Joseph McCafferty
Time Warner will begin 2009 with a new chairman, though not a new face.
MGM Names New CEO
November 21, 2008 by Joseph McCafferty
Casino company MGM Mirage has named its COO, James Murren, to succeed departing J. Terrence Lanni as its chairman and CEO. Tight credit and declining consumer spending have hit casinos hard and have resulted in people steering clear of casinos.
November 21, 2008 by Joseph McCafferty
Casino company MGM Mirage has named its COO, James Murren, to succeed departing J. Terrence Lanni as its chairman and CEO. Tight credit and declining consumer spending have hit casinos hard and have resulted in people steering clear of casinos.
Directors’ Comp on the Rise
November 20, 2008 by Joseph McCafferty
While companies are forgoing their executive bonuses and cutting back on costs, directors’ salaries continue to increase despite the tumultuous environment.
November 20, 2008 by Joseph McCafferty
While companies are forgoing their executive bonuses and cutting back on costs, directors’ salaries continue to increase despite the tumultuous environment.
A New Breed of CEO in France
November 19, 2008 by Joseph McCafferty
In a country where business is known to be run by France’s elite, shareholders have demanded the departure of three CEOs, leaving non-French bosses to takeover. A growing trend has ensued: boards want efficient and decisive leadership and are willing to look elsewhere to find it.
November 19, 2008 by Joseph McCafferty
In a country where business is known to be run by France’s elite, shareholders have demanded the departure of three CEOs, leaving non-French bosses to takeover. A growing trend has ensued: boards want efficient and decisive leadership and are willing to look elsewhere to find it.
A New Website Allows Workers to Rate CEOs
November 3, 2008 by Joseph McCafferty
A new website fast growing in popularity allows workers to anonymously post their salaries and rate their CEOs.
November 3, 2008 by Joseph McCafferty
A new website fast growing in popularity allows workers to anonymously post their salaries and rate their CEOs.
Liddy Steps Off Goldman Board
October 15, 2008 by Joseph McCafferty
Former Allstate CEO Edward M. Liddy has resigned from the The Goldman Sachs Group board of directors to focus on his new job at the helm of American International Group.
October 15, 2008 by Joseph McCafferty
Former Allstate CEO Edward M. Liddy has resigned from the The Goldman Sachs Group board of directors to focus on his new job at the helm of American International Group.
An Embattled Fuld Gets Battered
October 7, 2008 by Joseph McCafferty
While saying he felt "horrible" for the bankruptcy of Lehman Brothers, Chief Executive Richard Fuld in painstaking testimony on Capitol Hill yesterday faulted short sellers for the downfall of the once venerable investment bank. Today, former AIG executives are expected to appear before the House Oversight and Government Reform Committee.
October 7, 2008 by Joseph McCafferty
While saying he felt "horrible" for the bankruptcy of Lehman Brothers, Chief Executive Richard Fuld in painstaking testimony on Capitol Hill yesterday faulted short sellers for the downfall of the once venerable investment bank. Today, former AIG executives are expected to appear before the House Oversight and Government Reform Committee.
Disclosure Committee: Untapped Insight
October 1, 2008 by Mary Pat McCarthy
Mention “disclosure committee” at a governance forum and, inevitably, hands go up: What exactly does a disclosure committee do? Who sits on the committee? Why—and how—should the audit committee stay apprised of the disclosure committee’s activities? All good questions that suggest many boards and audit committees aren’t yet tuned in to the disclosure committee as a vital source of insight into the company’s financial reporting disclosures.
October 1, 2008 by Mary Pat McCarthy
Mention “disclosure committee” at a governance forum and, inevitably, hands go up: What exactly does a disclosure committee do? Who sits on the committee? Why—and how—should the audit committee stay apprised of the disclosure committee’s activities? All good questions that suggest many boards and audit committees aren’t yet tuned in to the disclosure committee as a vital source of insight into the company’s financial reporting disclosures.
O’Dell to Drive Volvo Forward
September 3, 2008 by Joseph McCafferty
Ford Motor Corp. yesterday named Stephen O'Dell president and CEO of Volvo Car Corp., replacing Frederik Arp who is leaving after three years for unspecified reasons.
September 3, 2008 by Joseph McCafferty
Ford Motor Corp. yesterday named Stephen O'Dell president and CEO of Volvo Car Corp., replacing Frederik Arp who is leaving after three years for unspecified reasons.