A new report finds that US extractive companies expose shareholders to risks by neglecting Indigenous Peoples’ rights First Peoples Worldwide released the Indigenous Rights Risk Report at the SRI Conference on Sustainable, Responsible, Impact Investing, a product of two years of consultations with investment analysts, industry professionals, and Indigenous Peoples. The report analyzes 52 U.S. oil, gas, […]
Tag Archives | legal
Lowell Milken Institute Law Teaching Fellowship: Applications Being Accepted
Lowell Milken Institute Law Teaching Fellowship applications are now being accepted by the Lowell Milken Institute for Business Law and Policy at UCLA School of Law. The Lowell Milken Institute Law Teaching Fellowship is a full-time, year-round, one or two academic-year position (approximately July 2015 through June 2016 or June 2017). (more…)
Guest Post: Stay Informed with Jurify’s Free Corporate Governance Database
Guest Post by Nicole Jasso Lopez, corporate lawyer and President at Jurify.com, discussing how Jurify presents corporate governance resources and keeps you up-to-date on developments. Jurify’s mission is to make sense of the law at a time when much information is free but navigating it is becoming increasingly difficult and time-consuming. And corporate governance is […]
SRI Funds & Advisors Send Open Letters on Lawsuits Against Shareholders
It is wonderful to have supportive friends, especially when they represent socially responsible investors and advisors. John Chevedden, Myra K. Young and James McRitchie extend sincere thanks to the following for sending letters of concern regarding their recent lawsuits against us to: EMC Corp, Omnicom, Express Scripts, Chipotle Mexican Grill, Inc.: (more…)
Omnicom (OMC) Group Loses to Chevedden: Shareowner Rights Preserved
In a memorandum and order issued yesterday, Judge Louis L. Stanton, of United States District Court for the Southern District of New York, ruled John Chevedden’s motion to dismiss is granted. Omnicom’s motion for summary judgment is denied. “The clerk is requested to enter judgment dismissing the complaint, with costs and disbursements in favor of Mr. […]
Take Action: Join Nader's Penny Brigade
Some have argued that Ralph Nader started socially responsible shareholder activism with Campaign GM, when the group filed shareholder proposals to expand GM’s board to include consumer advocates and empower shareholders to place their board nominees on GM’s proxy ballot (proxy access). According to a recent article in the WSJ, the longtime consumer advocate is now putting […]
Job: General Counsel at CalPERS
CalPERS is still recruiting to fill its vacant General Counsel position. This is an exciting opportunity for a visionary in the legal profession to play a key role in a preeminent public pension fund. Under the direction of the Chief Executive Officer, the General Counsel supports CalPERS in the management of a global portfolio of […]
CalPERS Launches Search for General Counsel
The California Public Employees’ Retirement System (CalPERS) is seeking a visionary in the legal profession for the role of General Counsel to serve as a critical member of the organization’s Executive Team in support of CalPERS pension and health care programs. The General Counsel advises the Board of Administration, Chief Executive Officer and the organization […]
Take Action: Mickey Mouse Rule at SEC Needs Amending
Is SEC Rule 14a-8(i)(9) fair? Should the SEC amend the rule? What’s your opinion? I think the rule is problematic and needs changing. In this post I explain why, using my proposal at Disney (DIS) to allow shareowners to call a special meeting as an example. Here’s the text of the SEC rule: (more…)
Video Friday: Brian Cheffins on Comparative Corporate Governance
In 2012 Cambridge University launched a Masters degree in Corporate Law (the MCL), which offers students the opportunity to engage in detailed study of the legal and regulatory framework within which companies are governed and financed. The MCL, a full-time nine-month program, is taught by the Cambridge Law Faculty’s team of corporate lawyers, widely recognized as […]
Corporate Directors Forum 2013: Bonus Session
Below are some relatively quick notes I took at the Corporate Directors Forum 2013, Bonus Session, held on the beautiful campus of the University of San Diego, January 27, 2013. For a list of conference materials, see the Forum’s official site. My site, Corporate Governance (CorpGov.net) is unaffiliated. The program was subject to the Chatham House Rule, so […]
What to Expect in Regulation/Litigation
Center for Corporate and Securities Law 2013 Directors Forum Bonus Session looks like great add-on to the main event, Directors Forum 2013: Directors, Management & Shareholders in Dialogue, University of San Diego – Institute for Peace & Justice, Sun – Tues, 1/27-29/2013. See ten part coverage from 2012. The bonus session is Sunday, January 27, 2013 from 2:30 p.m. to 4:45 p.m. […]
Take Action: Write to Chevron to Protect Shareowner Rights
Chevron’s subpoena of e-mails in this case goes well beyond the individual players and is a threat to the communication rights of all shareowners. Action: Please take 60 seconds right now to send a message similar to the following to Chevron: I write to protest Chevron’s subpoena seeking emails and communications from Trillium Asset Management […]
Enhancing Shareholder Value: What's Hot in M&A and IP
It had been months since I’d attended an SVNACD breakfast meetings. Top talent was on hand, both among the panelists and in the audience. The facility at Wilson, Sonsini, Goodrich & Rosati was great. Sorry about photo quality… first time working with a new camera that I may not keep. As usual, my notes are […]
Does Corporate Governance Matter to Economic Development?
The editors of Corporate Governance and Development: Reform, Financial Systems and Legal Frameworks (The Crc Series on Competition, Regulation and Development), Thankom Gopinath Arun and John Turner answer with a resounding yes. As they indicate in their introduction, If finance matters for economic development, then corporate governance must also affect economic development for at least […]