corporate-governance
Top StoriesCourt Told Musk’s $56 Billion Pay Wasn’t for Punching a Clock
Top StoriesA Nation Waits: U.S. Election Workers Toil to Count Thousands of Votes
Top StoriesMusk Halts Twitter’s Coveted Blue Check Amid Proliferation of Imposters
InvestingExclusive-Credit Suisse Overhaul Draws Scrutiny From Some Investors, Proxy Adviser Over Governance
Holcim Launches Share Buyback of up to 2 Billion Swiss Francs
Date: November 11, 2022
ZURICH (Reuters) – Holcim will launch on Monday its previously announced share buyback programme worth up to 2 billion Swiss francs ($2.08 billion), the cement group said on Friday. Holcim plans to repurchase up to 40 million shares until May 2023, to be approved for cancellation at the annual general meeting in May 2023. The...
UK Asset Managers Urge Company Bosses to Show Restraint on Pay Hikes
Date: November 10, 2022
By Huw Jones LONDON (Reuters) – Britain’s asset managers have called on company bosses to steer clear of inflation-busting pay rises as the country grapples with a cost-of-living crisis. The Investment Association, whose 250 members manage assets worth 10 trillion pounds ($11.44 trillion), has written to remuneration committee chairs of FTSE 350 companies, calling for...
Republican ‘red Wave’ Fizzles, but Midterm Race for U.S. Congress Tight
Date: November 9, 2022
By Gabriella Borter and Tim Reid BIRMINGHAM, Mich./PHOENIX, Ariz. (Reuters) – Republicans made modest gains in U.S. midterm elections but Democrats performed better than expected, as control of the Senate hinged on three races that remained too close to call on Wednesday morning. Even a slim majority in the House of Representatives would let Republicans...
Nissan Lifts Profit Forecast, but Renault Uncertainty Remains
Date: November 9, 2022
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s Nissan Motor Co lifted its full-year profit forecast on Wednesday, buoyed by higher-margin sales and a weaker yen, and reiterated talks with top shareholder Renault about revamping their alliance were “open and constructive”. Upbeat results – the automaker reported a 45% jump in quarterly profit – came against industry-wide...
Bosch Agrees to Pay $25 Million to Settle California Diesel Emissions Probe
Date: November 8, 2022
By David Shepardson (Reuters) -German auto supplier Bosch has agreed pay $25 million to resolve California’s probe into the company’s role in the diesel emissions scandals at Volkswagen and Fiat Chrysler, the company and state said Monday. The settlement, which is subject to court approval, resolves allegations Bosch participated in misconduct by providing hardware, software,...
Twitter Temporarily Closes Offices as Layoffs Begin
Date: November 4, 2022
By Sheila Dang, Katie Paul and Martin Coulter (Reuters) -Twitter Inc temporarily closed its offices and cut workers’ access to internal systems on Friday after telling employees they would be informed by email about whether they were being laid off. The move follows a week of chaos and uncertainty about the company’s future under new...