Archive | Corporate Governance

Shareholder Value Is No Longer Everything, Top C.E.O.s Say

from NYTs Nearly 200 chief executives, including the leaders of Apple, Pepsi and Walmart, tried on Monday to redefine the role of business in society — and how companies are perceived by an increasingly skeptical public. Breaking with decades of long-held corporate orthodoxy, the Business Roundtable issued a statement on “the purpose of a corporation,” […]

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Game Changer: Delaware, Home to Fortune 500, Passes Benefit Corporation Law

from Shareable Last week, Delaware initiated what is being called a “seismic shift” in corporate law by enacting benefit corporation legislation (Senate Bill 47). Unlike corporations whose sole purpose is to maximize shareholder value, public benefit corporations (PBCs) are for-profit corporations designed to work in a socially and environmentally responsible manner. From their creation, PBCs […]

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JPMorgan Directors Feel Heat in a Vote

from NYTs As JPMorgan Chase’s annual meeting nears, much of the tension surrounds a critical vote to split the chairman and chief executive roles — a decision that could strip Jamie Dimon, the bank’s influential leader, of the dual titles he has held since 2006. Behind the scenes, though, another battle is brewing. Some JPMorgan shareholders are […]

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HP Chairman Steps Down In The Wake Of Corporate Difficulties

from ars technica Hewlett-Packard Chairman Ray Lane stepped down on Thursday as the head of the historic PC maker’s board of directors following a mismanaged acquisition of software company Autonomy. As we reported in November, HP announced that an internal investigation had found “accounting improprieties, misrepresentations and disclosure failures” in the financial records of Autonomy, the unstructured “big data” analysis software firm […]

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How Boards Can Hold Executives Accountable

from Forbes A corporate director’s role is one not of management but of oversight. Just as grandparents stay in the background while parents raise children, directors guide top executives from a respectful distance. One of the most direct ways that boards can guide executives is with effective compensation programs. Yet directors themselves often need guidance […]

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Obama And Volcker Vs. Wall Street

from Forbes There was an amusement parlor in New York’s Chinatown where you played tic-tac-toe against a chicken, but the chicken got first move so unless you played flawlessly you could only draw against your feathered adversary. The expression “Politics leads economics” suddenly resonates. Our president’s health care initiative founders in the Congress. Massachusetts goes […]

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Corporate Governance: Don’t Rush Reforms

from The last decade has been an economic perfect storm. Things got off to an unpleasant start with the bursting of the dot-com bubble. The Enron/WorldCom/Tyco scandals followed close behind. The past few years have featured the subprime mortgage crisis and the credit crunch precipitated by the Lehman Brothers bankruptcy. For equity investors pummeled […]

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A Chinese View Of Governance And The Financial Crisis

from Forbes Regulators struggling to fix the world’s troubled financial institutions may take heart from the experience of China’s large state-owned banks. In the late 1990s, Chinese state lenders were all but insolvent, with nonperforming loan ratios at many banks exceeding 50%. A decade later, China’s state banks have found their footing–and have managed to […]

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Is There Anybody Out There?

from Forbes Whence your new chief executive? From inside? Or from outside? This week’s change at the top of the two large U.S. mortgage agencies, Fannie Mae (nyse: FNM – news – people ) and Freddie Mac (nyse: FRE – news – people ), seems to confirm a management succession rule of thumb: Go inside […]

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