Tag Archives | Corporate Governance

Corporate Governance and the Business Life Cycle

Corporate Governance and the Business Life Cycle (Corporate Governance in the New Global Economy), Igor Filatotchev (Editor) Most of the empirical literature on corporate governance is rooted in agency theory. While the principle-agent relationship and monitoring play a central role, governance is also concerned with entrepreneurship and contextual issues. The editor has chosen a good […]

Continue Reading ·

Philippine BOVESPA, Race to the Top

The Philippine Stock Exchange Tuesday said it has secured the support of the International Finance Corp. to establish the Maharlika Board, a listing segment for companies to voluntarily commit to corporate governance practices beyond those required by law. The IFC, the investment arm of the World Bank, is helping the PSE set up the Maharlika […]

Continue Reading ·

Australia ‘Say on Pay’ Enhancements Too Radical

Shareholders of Australian public companies have been having their say on pay by law since 2005. The Australian Parliament is currently considering amendments to its say on pay rules that are aimed at increasing the impact on companies of significant shareholder votes against. The ‘two-strikes’ test is a key proposed change included in the Corporations […]

Continue Reading ·

Wanted: Tech-Savvy Directors

Corporate boards of directors should devote as much attention to IT matters as they do to accounting rules, but they rarely do, according to a report released earlier this month by the Deloitte Center for Corporate Governance. Today’s companies need “tech-savvy directors” who can make sure the IT strategy is aligned with the overall strategic […]

Continue Reading ·

Web Host/Master Wanted by CSID

The Center for the Study of Islam and Democracy is looking for a WELL ESTABLISHED company to host, upgrade, and maintain its websites, in both English and Arabic.  They need a company that has a strong record (at least 5 years) of designing, hosting and maintaining websites in both English and Arabic.  Their budget is […]

Continue Reading ·

Boardrooms at the Speed of Light

Technology has become a staple of the boardroom over the past decade. Today we see it reshaping the parameters of corporate governance itself. Electronic board books and board portals are shaking up what happens in the boardroom, of course, but online social media such as Facebook, Twitter, and LinkedIn will force directors to rethink how […]

Continue Reading ·

Asian Companies Face Corporate Governance Pressures

‘The reluctance of family-owned firms to open their equity to outside shareholders has to some extent constrained the development of the capital markets in the Middle East,’ says Alissa Koldertsova, a policy analyst at the Paris-based Organization for Economic Cooperation and Development (OECD). Examples are provided from several locations in Asia. For example: Gome Electrical […]

Continue Reading ·

Edkins Takes Top CorpGov Slot at BlackRock

Michelle Edkins will take over from Abe Friedman as BlackRock’s Global Head of Corporate Governance and Responsible Investment. Friedman, who was a founding partner of proxy firm Glass Lewis, where he was chief policy officer and general counsel, has decided to leave BlackRock. He is believed to be considering launching a new governance focused activist […]

Continue Reading ·

Securing Fund Assets: AM Sessions

Disclaimer: These are my notes from the conference of mostly California pension funds. I’m not a very quick note taker, so I have a tendency to fill in the “gaps” with relevant material from the Internet and with my own interpretation of what where I think the speaker was going. These notes are basically a […]

Continue Reading ·

Pensions for All

A recent brief from the National Institute on Retirement Security, Who Killed the Private Sector DB Plan?, finds the following are the main factors that contributed to the decline in private pension funds: Increased regulation, which has had the unintended consequence of impacting both the cash flow of the firm and volatility of plan funding; […]

Continue Reading ·

Video Friday: Robert Monks on CorpGov & Public Interest

Robert A.G. Monks has a new site and blog. It looks great. Read his Response to the Financial Crisis Inquiry Report: Part 1. Monks once again identifies owners as the appropriate party to monitor corporate management. He notes that Greenspan was not only mistaken in his belief that corporations will preserve and enhance their own value, but […]

Continue Reading ·

California Corporate Governance Network

Another resource added to the Internet: The California Corporate Governance Network was developed to create a coalition of California pension plans to advocate for corporate governance best practices. Within California there are several pension plans that range in size from the largest two state plans to the local county funds. Collectively these plans provide for […]

Continue Reading ·

Shareholder Democracy is Essential

John Carney, the CNBC.com business journalist, doesn’t like shareholder democracy. He argues that reforms, such as say on pay rules, which give shareholders a non-binding vote on executive compensation, won’t improve corporate governance anymore than electoral reforms have improved our government. But his views are based on antiquated notions about shareholders, and a distorted view […]

Continue Reading ·

Cambridge Launches Masters Degree in Corporate Law

The University of Cambridge has announced its first entirely new degree in Law since the 19th century with the launch of a Master’s degree in Corporate Law (the MCL). The MCL will begin in the academic year 2012-13 and will operate as a full-time nine-month programme, offering students the opportunity to engage in a detailed […]

Continue Reading ·

Nominate Rising Stars of Corporate Governance 2011

Nomination Deadline is MARCH 31, 2011. Click to Nominate a Rising Star! The Millstein Center is now accepting nominations for its fourth annual global “Rising Stars of Corporate Governance.” This award recognizes people who, while young and possibly new to the field of corporate governance, are making their mark as outstanding analysts, experts, activists or managers. […]

Continue Reading ·

New Compendium Hits the High Points

Corporate Governance: A Synthesis of Theory, Research, and Practice (Robert W. Kolb Series) edited by H. Kent Baker and Ronald Anderson provides an excellent overview of contemporary issues in corporate governance with a primary focus on the relationship between managers and shareowners, as well as other stakeholders. One of the more interesting and creative chapters […]

Continue Reading ·

Don’t Toss That Proxy! Learn From CalPERS

Resolution MB 8/09, approved at CSEA’s last General Council, sought to expand on the leadership CalPERS has shown in the area of corporate governance by exploring how CalPERS could better influence the proxy voting of its own members and in helping us to evaluate which mutual funds vote in alignment with our own values and […]

Continue Reading ·

Glyn Holton: a Force in Governance Profiled by Reuters

In a year of hard-fought corporate governance battles, some of 2010’s biggest victories were won by a soft-spoken activist who shares his home office with Norman the cat. The growth of online communications has put new power in the hands of retail investors, who are reshaping the relationship between companies and their shareholders. One is […]

Continue Reading ·

Founders Directors: Better Board Monitoring

Feng Li and Suraj Srinivasan examine CEO compensation, CEO retention policies, and M&A decisions in firms where founders serve as a director with a non-founder CEO (founder-director firms). They find that founder-director firms offer a different mix of incentives to their CEOs than other firms. Pay for performance sensitivity for non-founder CEOs in founder-director firms […]

Continue Reading ·

Shareowner Rights By Country

Shareowner Rights across the Markets: A Manual for Investors from the CFA Institute compares the rights of shareowners in 10 developed markets and 12 emerging markets in both brief tabular form and through detailed explanation. Each report summarizes current practices, recent developments, legal and regulatory frameworks by jurisdiction, as well as providing helpful references to […]

Continue Reading ·

Top Tweeters and Rising Corporate Governance Stars

Estelle Métayer of Competia has come up with the ranking below of “who is the most influential corporate governance tweeter in 2011” based on her Twitter list, those of her colleagues and their Klout scores. #1 Rosabeth Kanter, rosabethkanter, Klout score 58 #2 Lucy Marcus, lucymarcus, Klout score 57 #3 Matt Kelly, complianceweek, Klout score […]

Continue Reading ·

Is Corporate Governance Dead?

John Richardson writes that corporate governance is dead. One indicator of this is the recent spate of mergers in the proxy adviser world. ISS goes through its seemingly endless series of mergers and acquisitions. MSCI, now stuck with a minimally profitable enterprise is no doubt wondering how to offload this doddering venture. Governance Metrics merged […]

Continue Reading ·

Course Outline for Corporate Governance

This course outline by Richard Leblanc for York University is designed to incorporate developments in corporate governance since the global financial crisis, including risk governance, governance of executive compensation, shareholder democracy, director competency and other areas. It also incorporates the alignment of desired learning objectives, instructional methods, and student evaluation. It can be taught to […]

Continue Reading ·

Board or Shareholders – Who Should Determine Management Compensation? A Model of Compensation Governance

The efficacy of boards of directors as a critical governance institution has attracted increasing scrutiny in the wake of the recent financial meltdown. CEO compensation which consequentially determines overall management compensation in a firm, is a key governance decision entrusted with the board. A relevant, though unexplored question would be whether shareholders are better served […]

Continue Reading ·

CorpGov.net WayBack Machine

Five years ago at in Corpgov.net we reported: On the debate surrounding majority vote requirements. Is it part of real democracy or simply an illusion? The SEC voted to allow e-proxy materials. Corporate Watchdog Radio interviewed SRI investor and author John Harrington (The Challenge to Power: Money, Investing And Democracy) as well as Robert Monks […]

Continue Reading ·

Comply or Explain for Philippines

Meet corporate governance standards or explain, BusinessWorld Online Edition, 12/21/2010. PSE released a guide book to help listed companies meet corporate governance standards, but there will be no sanctions on firms that fail to comply. Under the bourse’s corporate governance rules, a listed company should develop and execute a sound business strategy, establish a well-structured […]

Continue Reading ·

CorpGov.net WayBack Machine

Recently, we closed down the first fourteen years of posts on the Corpgov.net website and are currently in the very slow process of posting many of the old pages to the new blog. You can find these under the Pre-2010 tab at the top. Ten years ago at CorpGov.net a few highlights reported were as […]

Continue Reading ·

Powered by WordPress. Designed by WooThemes