Corporate governance
New York City comptroller renews call for audits of banks' foreclosures
New York City Comptroller John C. Liu, who oversees the $113.7 billion New York City Retirement Systems, renewed his request that Bank of America, Citigroup and Wells Fargo conduct independent audits ...
February 08, 2012 | 02:53 pm
Unease with say on pay
Because “say-on-pay” voting has not reined in executive compensation as much as some corporate governance reformers had hoped, the question becomes: Should more teeth be put into the...
February 06, 2012
CalPERS wants Apple directors elected by majority vote of shareholders
California Public Employees' Retirement System filed a shareholder proposal calling for directors on Apple's board to be elected by a majority vote.
February 03, 2012 | 03:06 pm
Motorola Solutions agrees to pay $200 million to settle investor suit
Motorola Solutions Inc. agreed to pay $200 million to settle a 2007 investor lawsuit co-led by two Michigan pension plans that accused the company of overstating its sales prospects.
February 03, 2012 | 01:46 pm
Carlyle's lawsuit ban may entice followers
Carlyle Group LP's plan to protect itself from class-action lawsuits may set a precedent that undermines shareholder rights and encourages more companies to follow suit, lawyers, investors and...
January 26, 2012 | 10:32 am
Fink to use BlackRock’s clout to push companies for better governance
BlackRock Inc., the world's biggest money manager, is looking to leverage its $3.3 trillion of client assets by embarking on an unprecedented campaign to urge corporations to adopt shareholder-...
January 19, 2012 | 10:04 am
Securities class actions against S&P 500 companies at lowest rate in 11 years
Slightly more than 3% of S&P 500 companies were defendants in federal securities class actions filed in 2011, comprising 5.1% of the index's total market capitalization, the least litigious year for...
January 19, 2012 | 12:28 pm
Carlyle seeks to ban shareholder lawsuits before IPO
Carlyle Group LP, the Washington-based buyout company that's preparing to go public, is seeking to bar its future shareholders from filing individual and class- action lawsuits.
January 18, 2012 | 10:41 am
AFSCME union files 21 shareholder proposals
AFSCME Employees Pension Plan filed 21 shareholder proposals for the 2012 proxy season focusing on splitting CEO and chairman positions, scheduling annual director elections and increasing disclosure ...
January 17, 2012 | 04:09 pm
Pay of top corporate execs soared from 2008 to 2010, research shows
Total annual compensation of the five top executives of Russell 3000 companies averaged $1.6 million in 2010, up 37% from 2008, according to research by ISS Corporate Services.
January 13, 2012 | 03:59 pm
Mercer: Climate policy uncertainty adds to portfolio risk
Legislative and regulatory uncertainty about climate policy help contribute an average 11% to investment portfolio risk, according to a Mercer report, released Wednesday.
January 11, 2012 | 04:05 pm
Toughening beneficial ownership disclosure
Excerpt from remarks by Mary L. Schapiro, chairman, Securities and Exchange Commission, at the Dec. 15 Transatlantic Corporate Governance Dialogue in Washington.
December 26, 2011
New York City systems seek to toughen pay clawback provisions at 3 banks
New York City Retirement Systems filed shareholder proposals to strengthen the incentive pay clawback policies at Goldman Sachs Group, J.P. Morgan Chase and Morgan Stanley.
December 21, 2011 | 03:26 pm
Dodd-Frank prompts law school to create compliance program
Fordham Law School, in association with the Regulatory Compliance Association, is beginning a new program in response to the increase in financial regulation.
December 12, 2011
Challenge to SEC rule-making
In the case of Business Roundtable and U.S. Chamber of Commerce vs. SEC, the U.S. Court of Appeals in Washington struck down the Securities and Exchange Commission's proxy access rule, adopted in 2010.