corporate-governance
Top StoriesMcDonald’s Beats Back Challenge to Settlement With U.S. Labor Agency
BusinessDeloitte’s Women in the Boardroom Report: 19.7% of Board Seats Held by Women
Top StoriesActivision Beats Shareholder Class Action Over Sex Bias Claims, for Now
TechnologyWhy Technology Companies Must Navigate Muddy Waters of ESG Requirements
Musk Targets Twitter Board as Company Adopts ‘poison Pill’
Date: April 18, 2022
(Reuters) -Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer. “Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted https://twitter.com/elonmusk/status/1516056299376623626 in response to...
Explainer-How Will Twitter’s Board Handle Elon Musk?
Date: April 18, 2022
(Reuters) – Many investors, analysts and investment bankers expect Twitter Inc’s board of directors to reject Elon Musk’s $43 billion acquisition offer in the coming days as inadequate, but how would the social media company then proceed? Twitter shares dropped on Thursday after Musk unveiled his offer, as the market deemed it too low and...
BlackRock Expects 75% of Company and Govt Assets to Be Net Zero-Aligned by 2030
Date: April 14, 2022
By Simon Jessop LONDON (Reuters) – BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently. It was the first time BlackRock, the world’s...
Ericsson Warns Likely to Be Fined Over Iraq Scandal, Reports Profit Slump
Date: April 14, 2022
By Supantha Mukherjee STOCKHOLM (Reuters) – Swedish telecom provider Ericsson said on Thursday it would likely be fined by U.S. regulators for its handling of a bribery investigation in Iraq and reported a slide in quarterly earnings due to its suspension of business in Russia. The company disclosed in February that an internal investigation had...
UK Watchdog to Reclaim Powers to Ban Auditors
Date: April 14, 2022
LONDON (Reuters) – Britain’s accounting watchdog will reclaim powers to ban auditors under proposals announced on Thursday. The powers were previously delegated by government to professional accounting bodies such as the ICAEW at a time when the Financial Reporting Council (FRC) was a small watchdog with much fewer resources. But after corporate collapses at builder...
Gsk to Buy Sierra Oncology Amid Pressure to Boost Drug Pipeline
Date: April 13, 2022
By Natalie Grover and Yadarisa Shabong (Reuters) – Britain’s GlaxoSmithKline sought to bolster its cancer business on Wednesday by agreeing a $1.9 billion deal to buy U.S. drug developer Sierra Oncology, the latest move to fend off pressure from activist shareholder Elliott. GSK has been facing mounting calls to shore up its drug pipeline since...