corporate-governance
Top StoriesBritain Urged to Move on Protracted Audit Market Shake Up
BusinessAdecco Recruits Former Sodexo Boss Machuel as New CEO
Top StoriesOcado Plan to Extend Incentive Scheme Opposed by 29% of Agm Votes
Top StoriesAston Martin Taps Former Ferrari Boss Felisa for CEO
Cineworld Looks to Further Delay Payments to Former Regal Shareholders
Date: May 4, 2022
(Reuters) -Cineworld said on Wednesday it had approached former dissenting shareholders of its U.S. division Regal Entertainment to further delay payment obligations, as the British cinema chain operator looks to boost its liquidity. The world’s second-largest movie theatre operator last year said it would pay $170 million to Regal shareholders, who were disgruntled with the...
EU Body Sets Out Draft Sustainability Disclosure Standards
Date: May 3, 2022
By Huw Jones LONDON (Reuters) -Companies will have to set a much broader range of sustainability targets under draft new European Union reporting standards, environmental impact body CDP said on Tuesday. Authorities across the world are writing reporting standards to combat greenwashing, or companies exaggerating their green credentials to attract investors, who have poured trillions...
HSBC Investors Give Ping an Break-Up Plan Cool Response
Date: May 3, 2022
By Anshuman Daga, Selena Li and Sinead Cruise HONG KONG (Reuters) -HSBC investors gave a break-up proposal by its biggest shareholder a lukewarm response on Tuesday, voicing concerns a split would prove complex with no guarantee of raising returns. Chinese insurance giant Ping An has called on HSBC to explore options including spinning off its...
Berkshire Shareholders Look Beyond Warren Buffett, Charlie Munger
Date: May 2, 2022
By Jonathan Stempel and Carolina Mandl OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc shareholders face a question that Warren Buffett sought to tackle at the company’s annual meeting: How will Berkshire fare when he’s no longer around? Buffett, perhaps the world’s greatest investor, and with the star power to draw fans from around the world,...
Bayer Gets Shareholder Rebuke for Management Remuneration
Date: April 29, 2022
FRANKFURT (Reuters) – Shareholders of Bayer on Friday voted to reprimand the German drug and farming supplies maker for its top management pay scheme, after one leading proxy advisory group said it did not adequately reflect Bayer’s litigation burden. At Friday’s annual general meeting, 75.89% of shareholders voted against approval of the report on executive...
Factbox – Companies Count the Cost of Ditching Russia
Date: April 29, 2022
(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24 have started to report associated losses. These are firms, listed by sector, that have provided cost estimates related to a temporary or permanent halt in Russia: APPAREL ADIDAS The German sportswear company warned...