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Shareholders

Is It Time To Extend The Say On Pay To The Employees?

Judith Samuelson | Posted 06.15.2015 | Business
Judith Samuelson

We need a fresh look at the whole concept of "Pay for Performance." But maybe the problem isn't with the basic concept of Say on Pay -- it's that the wrong group is asked to weigh in.

Same Chevron Shareholder Circus? Look Closer!

Paul Paz y Miño | Posted 05.28.2015 | Green
Paul Paz y Miño

The circus of lies, denial and propaganda videos that has become the Chevron annual shareholder meeting took place at Chevron's San Ramon, California headquarters once again yesterday.

Can Southern Company Shareholders Persuade Its Board to Stop Supporting Climate Change Denial?

Nell Minow | Posted 05.22.2015 | Business
Nell Minow

On May 27, 2015, the shareholders of utility Southern Company will have the chance to tell the corporation's board that they want more independence, more transparency, and a stop to the company's support of climate change "research" that fails to meet academic standards for integrity.

How Corporate Responsibility is Returning Public Relations to Its Original Meaning

John Friedman | Posted 05.19.2015 | Business
John Friedman

I have been a practitioner for corporate communications, including public relations for more than three decades. And I have been working in corporate responsibility for the last 15 as well. In that time I have come to the conclusion that the two professions are - or will become - one and the same.

Corporate Disclosure Benefits Both Businesses and Democracy

Steve Roth | Posted 05.12.2015 | Politics
Steve Roth

Investors need information about political spending so that they can make informed decisions. Political activity creates risk for companies, as Target discovered in 2010 when it saw boycotts in response to political spending in favor of a gubernatorial candidate who opposed same-sex marriage.

The DuPont Proxy Contest Is a Battle for the Soul of American Capitalism

Bill George | Posted 05.11.2015 | Business
Bill George

The DuPont proxy vote is a part of a battle for the soul of corporate America. The venerable Martin Lipton, quoted in Nocera's column, has it right: this form of shareholder value is "a disaster for the country."

At Last: A Quota for German Supervisory Boards

Ellevate | Posted 05.07.2015 | Women
Ellevate

A 30% women's quota has come to German supervisory boards. I know there are many males who share the joy and hope to change the transparency in German administrative boards.

Delaware Seeks to Restore Balance Between Corporations and Shareholders

Nan Aron | Posted 05.05.2015 | Politics
Nan Aron

More than half the nation's Fortune 500 companies are incorporated in Delaware. So Delaware corporate law affects everyone. A recent case kicked off the need to recalibrate Delaware law. Here's what happened.

Why Is Whole Foods Afraid of Its Shareholders?

Nell Minow | Posted 04.28.2015 | Business
Nell Minow

Whole Foods is so terrified that shareholders might consider voting for someone other than the management-selected candidates for the board that they have taken the extreme and outrageous step of postponing their annual meeting.

Should Boards of Directors Communicate With Shareholders? Vanguard Says Yes. Many Directors Say No.

Lex Suvanto | Posted 03.26.2015 | Business
Lex Suvanto

Director-shareholder engagement may not advisable for every board for a number of legitimate reasons. But there is no question it is an emerging practice. Those who have engaged say it is worthwhile and can be a powerful strategy to strengthen shareholder relationships in an age of increasing investor activism.

Shahien Nasiripour

AFL-CIO Targets Navient As Scrutiny Over Student Loan Servicing Mounts

HuffingtonPost.com | Shahien Nasiripour | Posted 12.12.2014 | Politics

The nation’s largest labor federation is taking aim at Navient Corp. for alleged mistreatment of borrowers, adding to the student loan specialist's ...

A Delaware Court Decision Threatens Effective Enforcement of Our Nation's Securities Laws, While the SEC Stands Idly By

Micah Hauptman | Posted 01.12.2015 | Business
Micah Hauptman

Delaware courts often set standards for what corporations are permitted to do. In May, the Delaware Supreme Court ruled that a corporation's board of directors can unilaterally amend the company's bylaws to include a "loser pays" provision that shifts all litigation expenses to a plaintiff who sues the company for intra-corporate wrongdoing.

The Secret to Winning the Race for Talent: Purpose Is So Much More Than a Paycheck

Karin Volo | Posted 11.23.2014 | Business
Karin Volo

You've probably heard the term "war on talent." People in human resources have been talking about it for a decade. Well, that time is really here now. However, I'd like to challenge us to change the vocabulary around this. War has such a negative connotation.

Labor Day: The Beginning of a Breakthrough

Robert Kuttner | Posted 10.31.2014 | Politics
Robert Kuttner

This Labor Day, working families do not have much to celebrate when it comes to wages and job security. But we can celebrate the fact that the deteriorating conditions of work are finally breaking through into broad political consciousness. Last week, the board of directors of Market Basket, one of the last of the independent supermarket chains, agreed to restore the fired CEO, Arthur T. Demoulas, who had treated workers decently rather than just milking the enterprise for dividends as another faction of this family-owned company has sought to do. An uprising by salaried managers and workers had brought the business to a halt. The Market Basket story is particularly instructive, because it represents how so-called shareholder capitalism puts pressure on managers to destroy job security and decent earnings for working people.

Perhaps We Need Corporate 'Loyalty Oaths'

Dave Johnson | Posted 10.05.2014 | Business
Dave Johnson

We have drifted very far from our understanding of the relationship that is supposed to exist between We the People, our government, and the businesses that our government allow to exist.

Urban Outfitters' Resistance to Diversity Is as Outdated as Bobby Socks and Parachute Pants

Denise L. Nappier | Posted 08.06.2014 | Business
Denise L. Nappier

Visit an Urban Outfitters, Anthropologie or Free People clothing store, and you're likely to think, "They know their market." Yet Urban Outfitters, which owns all three stores, has leaders who are so out of touch that for years they have refused to have a policy to even consider having women and minorities on its board of directors.

Divest Now: Clayton Williams, the Oil Corporation That Loves the NRA (Even More Than its Own Shareholders)

Naomi Seligman | Posted 07.07.2014 | Politics
Naomi Seligman

Oil and gas giant Clayton Williams Jr. is, of course, under no obligation to change his opinions. But he has no business using his publicly traded corporation to further his political agenda.

The U.S. Chamber of Commerce: Representing Neither Great Men Nor Bad Men

John Harrington | Posted 06.25.2014 | Business
John Harrington

It lights up my natural life that the U.S. Chamber of Commerce has once again proven itself to be above human beings, shareholders and other stakeholders in our society by proposing to destroy owners' free speech and protect the rights of authoritarian corporate management.

Since Bangladesh Factory Collapse, What Has Changed?

Keith Mestrich | Posted 06.23.2014 | Impact
Keith Mestrich

The factory collapse was a horrific reminder of how important it is to support companies that make treating workers fairly a priority. That means taking more responsibility as consumers.

Fire (Ready, Aim): The Budding Campaign to Diminish Shareholder Rights

Julie Fox Gorte | Posted 06.04.2014 | Business
Julie Fox Gorte

Recently, there have been several public calls by prominent officials calling for curtailment of shareholder activism.

Shareholders May Recover From the Advisors to a Board of Directors

Brad Reid | Posted 05.31.2014 | Business
Brad Reid

Shareholders may sue members of corporate boards of directors when they breach their fiduciary duties. These fiduciary duties include the duty of care and loyalty. A recent Delaware Court of Chancery decision allowed a lawsuit against an advisor to the directors.

More CEOs Should Tell Anti-Environment Shareholders to Buzz Off

Andrew Winston | Posted 05.24.2014 | Green
Andrew Winston

At Apple's latest shareholder meeting, a think tank, NCPPR, pushed the company to stop pursuing environmental initiatives like investing in renewable energy. Cook went on a tirade -- or at least what passes for one from the very cool and collected CEO. He made it clear that he makes choices for reasons beyond just the profit motive.

Large Shareholders Join Forces With Corporate Directors to Defeat Hedge Fund Locusts

Nell Minow | Posted 04.13.2014 | Business
Nell Minow

Sam Levenson once observed, "The reason grandparents and grandchildren get along so well is that they have a common enemy." The same could be said for a new alliance between groups who have often been at odds: large institutional shareholders and corporate directors.

Are Spas Ignoring the Needs of Ethnic Women?

Linda Harding-Bond | Posted 03.10.2014 | Black Voices
Linda Harding-Bond

Increasingly more and more African-American, Hispanic, Asian, biracial and other ethnic women are asking a question prior to booking their facial appointment. The question is, 'Do you have someone who knows how to work with my skin?'

Founders as Directors Must Avoid Self-Dealing

Brad Reid | Posted 12.31.2013 | Business
Brad Reid

An assertion that the directors failed to exercise proper oversight requires proof that the directors failed to create an information system or controls or, having an information system, consciously failed to monitor corporate operations.