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.
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.
This week, investors’ attempt to oust the chairman of a giant sporting goods retailer in England were unsuccessful — again.
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.
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.
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.
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.
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.
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.
As Wells Fargo’s fake account crisis played out, the wounded banking giant knew it needed to rebuild investors’ trust. To that end, it recently installed investor relations chief Jim Rowe at the helm of its new stakeholder relations group.