corporate-governance
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BusinessEmpowering Governance: The Crucial Function of Board Portals in Business
UK’s Asda Says Retail Veteran Stuart Rose to Lead Business
Date: September 18, 2024
By James Davey LONDON (Reuters) -British supermarket group Asda, which has been losing market share, said its chairman, veteran retailer Stuart Rose, will assume the executive responsibilities of co-owner Mohsin Issa, who is stepping back from his leadership role. The UK’s third largest grocer has underperformed rivals, including market leader Tesco and No. 2...
Rethinking the Cost of Sustainability Reporting
Date: September 12, 2024
By Dr. Michael Erkens and Dr. Ries Breijer With new disclosure requirements pushing for enhanced transparency in environmental, social, and governance (ESG) practices, many companies are seeking to reduce expenses for preparing sustainability reports and complying with regulations. Our research, however, indicates that this strategy is ‘penny wise, pound foolish’. Unless companies rethink the cost...
Key Events at Nike Under CEO John Donahoe
Date: September 10, 2024
(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers’ rights agreement, putting the spotlight on its CEO John Donahoe who is under pressure to reverse a long sales slump at the sportswear giant. Nike has lost about a quarter of its...
Retail, Consumer CEOs See Shorter Tenures as Boards Act More Quickly
Date: September 10, 2024
By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more ready to toss top executives before activist investors tell them to act. The tenure for U.S. retail and packaged goods company CEOs...
Andrew Lawrence Greystoke Inspires a New Generation of Lawyers
Date: September 10, 2024
Andrew Lawrence Greystoke, a UK solicitor and New York attorney, has had a long and distinguished career in corporate governance. Having held leadership positions at over 30 companies, Greystoke has solidified his position as one of the most experienced international business managers in the world today. Though Greystoke no longer practices law, he serves as...
Pay Gap Between Bosses and Ordinary Workers Widens in Switzerland
Date: August 26, 2024
ZURICH (Reuters) -The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according to a study published by trade union Unia on Monday. The pay gap was up from 139 times in 2022, the study said, with the country’s...