Facing Opposition: Online-Only Shareholder Meetings

Posted by Angie Goertz on Jan 26, 2018 1:38:45 PM

Technology continues to change the ways companies do business, including their annual shareholder meetings.

In addition to the long-standing in-person format, some companies are also offering virtual versions concurrently. And there are some companies that are doing away with in-person meetings altogether in favor of virtual meetings, causing great distress among shareholders. What does 2018 hold?
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Topics: corporate communications, Shareholders, Corporate Governance, Technology, Annual Meeting

Now, You're Talking: Tools for Communicating to Shareholders

Posted by Angie Goertz on Nov 8, 2017 3:16:42 PM

In 2012, James D.C. Barrall, of counsel and retired partner at Latham & Watkins LLP,  wrote a commentary on corporate governance entitled “Building Relationships with Your Shareholders Through Effective Communication.” In it, he discussed the paradigm shift of shareholders demanding engagement with management.

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Topics: Social Media, corporate communications, Shareholders, Corporate Governance, Press Releases

Friendly XBRL Reminder for Foreign Filers

Posted by Angie Goertz on Oct 2, 2017 9:23:29 AM

Earlier this year, March 1, 2017 to be exact, the Securities and Exchange Commission announced that foreign private issuers (FPIs) following International Financial Reporting Standards (IFRS) and filing 20-F/40-F with the SEC in Edgar format now need to file in XBRL for fiscal periods ending on or after December 15, 2017.

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Topics: Compliance, SEC, Securities and Exchange Commision, XBRL, IFRS, Foreign Filers

Sports Direct Chairman Beats Activist Investors in Rematch

Posted by Angie Goertz on Sep 7, 2017 3:49:50 PM

This week, investors’ attempt to oust the chairman of a giant sporting goods retailer in England were unsuccessful — again.

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Topics: Investors, Activist Investors, Shareholders, Corporate Governance

In the Hot Seat: Investor Sues Former Uber CEO

Posted by Angie Goertz on Aug 11, 2017 8:54:17 AM

A number of news agencies, including Axios, which broke the story, Reuters and The Wall Street Journal, reported that the suit’s intention is to remove Kalanick from the board and revoke his ability to fill three board seats that he had pushed for in June 2016. The venture firm occupies one seat.

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Topics: Investors, CEO, Board of Directors, Venture Capital, Lawsuit

Looser Bank Regulations Good for Shareholders?

Posted by Angie Goertz on Aug 10, 2017 9:45:05 AM

When the Trump administration announced its intention to roll back banking regulations, which they believe slows economic growth, the reaction was delight and disappointment. How will shareholders fare? Not very well, says one economics and financial expert.

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Topics: Banks, Investors, Economic Growth, Bank Regulations, Shareholders

Avon Activist Investor Calls for CEO Makeover

Posted by Angie Goertz on Aug 4, 2017 9:51:18 AM

Surely, all the Skin So Soft couldn’t prevent the sting the Avon CEO must have felt when activist investors Barington Capital Group LP and NuOrion Partners AG called for her removal.

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Topics: Investors, Activist Investors, CEO, Shareholders

B&N Activist Investors Trying to Turn the Page

Posted by Angie Goertz on Aug 1, 2017 9:39:20 AM

Last week, a Barnes & Noble activist investor with a “meaningful” stake in the company contacted the board of directors with the recommendation to sell itself. Upon the news that the bookseller might go private, its stock bumped up by 10 percent. 

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Topics: Investors, Activist Investors, Stock

More Big Banks to Pay Millions to Investors

Posted by Angie Goertz on Jul 25, 2017 2:20:23 PM

When investors Sonterra Capital Master Fund, Hayman Capital Management LP and the California State Teachers’ Retirement System believed that a number of banks and brokerage firms had manipulated the yen-Libor rate, they sued in a New York federal court in 2015. Last week, Deutsche Bank AG and JPMorgan Chase & Co. have agreed to pay a hefty $148 million to settle investors’ claims.

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Topics: Banks, Investors, Investor Claims, Brokerage Firms

Gloves Are Off: Trian Launches Proxy Fight with P&G

Posted by Angie Goertz on Jul 18, 2017 8:22:00 AM

The Wall Street Journal reported in the early hours of Monday morning that activist Investor Trian Fund Management LP was ready to rumble with Proctor & Gamble Co. The prize? Securing a single board seat and shareholder vote for investor Nelson Patz. With a market value at $222 billion, P&G is the largest company to face a proxy fight.

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Topics: Shareholder Rights, Investors, Activist Investors, Shareholder Votes, Proxy Fight