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.
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.
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
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.
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.
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.
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 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.
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.