Edition:
India

Jessica DiNapoli

U.S. regulator votes to propose new guidelines on shareholder advisers

21 Aug 2019

The U.S. Securities and Exchange Commission on Wednesday issued new guidance that aims to clarify how investors and advisory firms that cast ballots on their behalf should vote in corporate elections on issues like pay and diversity.

U.S. markets regulator proposes new guidelines on shareholder advisers

21 Aug 2019

WASHINGTON, Aug 21 The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity.

UPDATE 1-Catalyst Capital to buy about 10% stake in Hudson's Bay

19 Aug 2019

Aug 19 Buyout firm Catalyst Capital Group Inc said on Monday it will acquire a significant stake in Hudson's Bay Co, a move that could block the department store's executive chairman's plans to take it private for C$1.74 billion.

Founder's grip on WeWork may be hard for investors to stomach

15 Aug 2019

NEW YORK Investors in the upcoming initial public offering of WeWork's parent, The We Company, are being asked to lower their standards for corporate governance beyond what other technology startups have demanded, securities law experts said on Wednesday.

U.S. SEC to consider new guidance on investor use of proxy advisors

14 Aug 2019

WASHINGTON The U.S. Securities and Exchange Commission (SEC) on Tuesday said it would hold a meeting next week on whether to publish new guidance regarding the responsibilities of investors when relying on so-called proxy advisors.

For J.C. Penney CEO, debt haunts turnaround bid

06 Aug 2019

NEW YORK J.C. Penney Co Inc’s stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. 

UPDATE 1-MOVES-Ex-Evercore activism defense banker moves to Bank of America -sources

03 Aug 2019

NEW YORK, Aug 2 Bank of America Corp has hired former Evercore Inc banker Amy Lissauer to become its global head of activism and raid defense, a spokesman for the bank confirmed on Friday.

Executive recruiting firm Russell Reynolds hires sustainable investing expert

25 Jul 2019

Executive recruiting consultancy Russell Reynolds Associates said it had hired Andrew Droste, a specialist in environmental, social and governance (ESG) risks facing companies, to bolster its board and CEO advisory practice.

Exclusive: J.C. Penney taps debt restructuring advisers - sources

20 Jul 2019

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

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