News

  • http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140523&id=17645343 May 23, 2014 12:14 AM ET TOKYO, May 23 (Reuters) – A U.S. investor group has urged Japan’s government to require companies to appoint multiple independent directors, putting pressure on lawmakers to push ahead with corporate governance reforms that have met opposition from businesses. In a letter addressed to Prime Minister Shinzo Abe, the [...]

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  • 06/02/2014

    A long way to 50-50 on corporate boards

    Directors Institute

    http://www.washingtonpost.com/blogs/on-leadership/wp/2014/05/30/a-long-way-to-50-50-on-corporate-boards/ BY JENA MCGREGOR May 30 at 11:15 am The good news, according to a study to be released Monday by the executive search firm Heidrick & Struggles, is that the pace of women joining boards of directors is accelerating. Women now hold 20.2 percent of corporate board seats among Fortune 500 companies, up from [...]

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  • 06/02/2014

    Median CEO pay crosses $10 million in 2013

    Directors Institute

    http://www.postandcourier.com/article/20140602/PC05/140609933/1010/median-ceo-pay-crosses-10-million-in-2013 By KEN SWEET Associated Press Jun 2 2014 12:01 am These are 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm: Anthony Petrello, Nabors Industries, $68.2 million; Leslie Moonves, CBS, $65.6 million; Richard Adkerson, Freeport-McMoRan Copper & Gold, $55.3 million; Stephen Kaufer, TripAdvisor, $39 million; [...]

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  • Under Delaware corporate law, directors have substantial authority to choose to negotiate or resist a takeover proposal. That is why Airgas Inc. was able to resist Air Products and Chemicals Inc.’s hostile tender offer several years ago. And how Jos. A. Bank Clothiers Inc. was able to force Men’s Wearhouse Inc. to repeatedly increase its offer price before agreeing to a deal. In short, majority shareholder approval is required to complete a takeover but not to authorize directors to resist it.

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  • In the continuing Age of Activism, corporate advisers and theorists spend much time talking about corporate governance best-practices. They’d all be out of a job if Charlie Munger had his way.
    That’s the premise of a recent paper from the Rock Center for Corporate Governance at Stanford University. The paper highlights several nuggets of corporate-governance wisdom from the famed right-hand man of Warren Buffett.

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  • Wal-Mart Stores Inc., the world’s largest retail chain, announced the retirement of two directors, including former Chief Executive Officer Lee Scott, shrinking its board to 14 members.
    Scott, who ran Wal-Mart from 2000 to 2009, and Chris Williams, the head of Williams Capital Group LP, will step down on June 6, according to a statement yesterday. Williams had served as a director for 10 years and is rotating off the board as part of the company’s corporate-governance guidelines, Wal-Mart said.

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  • Ken Schwenke, Founder and CEO of The Directors’ Institute, a newly formed non-profit which offers resources to help prospective directors join their first public, private or charitable board, will be a featured speaker at The Executive Next Practices Institute (ENP), an innovation think tank for C-level business executives to review new leadership and business strategies.

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  • 02/26/2014

    Honda Appoints First Female Board Member

    Directors Institute

    Honda Motor Co. on Monday appointed the first female board member and first foreign operating officer in its 65-year history, seeking to diversify its management to strengthen its recovery path.

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