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James Morphy, a partner at Sullivan & Cromwell LLP, has written a fairly thorough report of the 2012 proxy season, available as a pdf. I mention it here primarily to bookmark it. He includes a good review of the movement to …
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Aligning CEO pay with shareowner value is key for many. A new tool (at least new to me), the Compensation and Wealth Calculator, from the Stanford Graduate School of Business, Corporate Governance Research Program, allows users to see how the …
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How Not to Argue for Bonuses. Reprinted with permission from PIRC Alerts, 17 July 2012. PIRC is the UK’s leading independent research and advisory consultancy providing services to institutional investors on corporate governance and corporate social responsibility. Regular PIRC Alerts readers will …
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I’m bookmarking 2012 Say-on-Pay Votes: Fulfilled Expectations, Though Not Without Surprises by Shirley Westcott of Alliance Advisors, LLC. for future reference. My primary purpose in linking to this report is so that I can come back to it when developing a …
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As Glyn Holton reported, the SEC denied no-action requests from Forest Labs ($FRX) and Medtronic ($MDT). (SEC Delivers For Shareowners On Proxy Access, 6/29/2012) Therefore, shareowners will get an opportunity to vote in favor of proxy access at shareowner meetings. …
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International Corporate Governance stands out as textbook that looks at the topic from a truly global standard. Author Marc Goergen first came to my attention in the 1990s as a member of the European Corporate Governance Network (ECGN), since renamed the European …
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Someday, it will go down in history as the first trial of the modern American mafia. Of course, you won’t hear the recent financial corruption case, United States of America v. Carollo, Goldberg and Grimm, called anything like that. If you …
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The United States Constitution was written on 4 pages in 1787. Now there are over 80,000 pages of regulations in the Federal Registry. In a time mired by fraud, waste, abuse, and corruption, in both the public and private sectors, …
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GMI Ratings reports that combined CEO/chairmen cost more, present higher ESG and accounting risk, and provide lower long-term shareholder returns than if the positions are separated. Expect this report to be cited by shareowner proposals next season seeking to split the positions. …
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I get frequent alerts for news on shareowner activism from various sources. I’ve seen this press release sent out by Susman Godfrey L.L.P. concerning their win against a small shareowner pop up so many times I can no longer ignore …
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