News on Corporate Governance

South Korea Samsung Electronics

2010-03-18T22:16:20Z

Shareholders of Samsung Electronics participate at the company's annual shareholders' meeting in Seoul, South Korea, Friday, March 19, 2010. (AP Photo/Lee Jin-man)

...

Calif. pension fund seeks to boost its influence

2010-03-15T18:15:26Z

<div id="subtitle">Calif. pension fund makes move likely to increase its influence over corporations</div><div><p>The board of California's giant public pension fund voted Monday to remove the limit on the number of shareholder proposals it can issue to companies in its portfolio.</p><p>Lifting the number of proposals its board can file each year means the fund's influence is likely to grow among publicly tra...

Senators question $1 million pay for charity's CEO

2010-03-12T20:45:29Z

<div id="subtitle">Senators question lobbying, nearly $1 million in compensation for CEO of Boys & Girls Clubs</div><div><p>A group of Republican senators is questioning high salaries and expensive travel bills for executives at the Boys & Girls Clubs of America, raising issues that could jeopardize millions in federal funding for the national charity.</p><p>The four senators said they w...

Blue chips' ties to pay advisers under spotlight

2010-03-10T05:15:58Z

<div><p>NEW YORK (Reuters) - A dark corner of corporate America is being thrust into the harsh glare of disclosure.</p><p>New rules are forcing blue-chip companies to expose ties with their compensation consultants by making public business relationships, including how much they pay the advisers -- putting potential conflicts of interest in plain vie...

M&T Bank CEO compensation up on stock options

2010-03-05T11:15:33Z

<div id="subtitle">M&T Bank CEO compensation climbs on base pay increase, stock options</div><div><p>The chairman and chief executive of M&T Bank Corp., Robert Wilmers, saw his overall compensation nearly triple in 2009, due mainly to stock options that vest over time, according to an Associated Press analysis of a regulatory ...

Summary Box: UPS chief's 2009 compensation

2010-03-01T15:00:51Z

<div id="subtitle">Summary Box: UPS chief's total compensation rises 6.2 percent to $5.5M in 2009</div><div><p>2009 COMPENSATION: UPS chief Scott Davis received total compensation valued at $5.5 million last year, a 6.2 percent increase from 2008.</p><p>COMPONENTS: Davis received...

Windstream names new chairman, declares dividend

2010-02-22T08:50:44Z

<div id="subtitle">Windstream names new chairman, declares dividend</div><div><p>Windstream Corp. has named a new chairman as the phone company takes another step in improving its corporate governance structure.</p><p>Taking over as chairman is Dennis Foster, who qualifies as an in...

Lax Indian rules still problem after Satyam fraud

2010-02-22T18:28:36Z

<div id="subtitle">Report finds controlling shareholders in India have too much power, situation ripe for abuse</div><div><p>One year after the founder of Satyam Computer Services confessed to the largest fraud in Indian corporate history, many say that what really sets R. Reuters) - Four times last year, Nabors Industries' &lt;NBR.N&gt; corporate board descended on the luxurious Fairmont Hamilton Princess Hotel in Bermuda f...

Bottled Water

2009-12-10T07:45:44Z

Members of the Corporate Accountability International display signs during a news conference in Montpelier, Vt., Wednesday, Dec. 9, 2009. A report by the Boston-based nonprofit Corporate Accountability International says that Massachusetts

Pfizer shareholders to get vote on executive pay

2010-02-24T12:27:41Z

<div id="subtitle">Pfizer says shareholders will get nonbinding vote on executive compensation at 2010 meeting</div><div><p>Drugmaker Pfizer Inc. said Thursday its shareholders will have input on compensation for company executives starting in 2010.</p><p>Shareholders will have a nonbinding advisory vote on executive compensation every two years, Pfizer said, ...

ALL BUSINESS: Too many boards are still cavalier

2010-02-24T20:52:41Z

<div id="subtitle">ALL BUSINESS: Corporate boards still fail at leadership development and executive pay</div><div><p>Corporate directors don't like it when shareholders accuse them of being management cronies, but how else can they be seen when they drop the ball on basic responsibilities like leadership development and executive pay?</p><p>Too many boards are being reactive when it comes to important matters of...

US business group urges overhaul of executive pay

2010-02-25T04:41:09Z

<div><p>A leading US business group called Monday for new guidelines governing executive compensation that would establish a "clear link" between pay and performance.</p><p>The Conference Board's task force on executive compensation said in a report that new practices are needed "to restore credibility and increase trust in pay practices and oversight."</p><p&...

Risk Oversight: Faster, Higher, Stronger

2010-02-25T06:41:33Z

<div><p> Last October, the National Association of Corporate Directors [NACD] launched the Key Agreed Principles to Strengthen Corporate Governance for U.S. Publicly Traded Companies with the support of both business and shareholder organizations. Subsequently, NACD developed a white paper serie...

Sarbanes-Oxley Act: A Legislative Law to Win Public Trust in American Financial Market

2010-02-25T10:39:12Z

Through a house vote of 423-3 and supported by a landslide vote in the Senate of 99-0, a significant federal law was conceived in July 30, 2002 which brought significant changes on the laws concerning America?s security market through the Sarbanes-Oxley Act of 2002. Known as the Public Company Accounting Reform and Investor Protection Act of 2002 the Act was authored by Se...

ALL BUSINESS: What is fair executive pay?

2010-02-25T20:08:05Z

<div id="subtitle">ALL BUSINESS: Next stage in debate over executive pay focuses on what's fair compensation</div><div><p>The scrutiny of executive pay in Washington isn't knocking down the compensation of banks' head honchos. It's just changing what form the money comes in.</p><p>Just look at Obama administration on Thursday sent Congress legislation seeking to rein in compensation at public companies by giving shareholders a say on executives' pay packages and diminishing management's influence on pay decisions.</p><p&g...

Good prognosis for Apple's Jobs but questions remain

2010-02-26T17:04:08Z

<div><p>The prognosis for Apple chief executive Steve Jobs is "excellent" following his liver transplant, but the company's handling of his health issues is raising questions.</p><p>Opinion is mixed among corporate governance experts and analysts on whether Apple has met its obligations in dealing with the health of Jobs, the technology v...

U.S. Sen. Schumer unveils shareholder bill of rights

2010-02-27T08:39:29Z

<div><p>WASHINGTON (Reuters) - Shareholders could get more influence over executive pay and the composition of boards of directors under U.S. legislation unveiled on Tuesday.</p><p>Sen. Charles Schumer, a prominent Democrat on the Public Sector People Managers Association for the Public Sector pictured during an interview in London..Copyright: The Times

...