Independent shareholders in French state-controlled utility EDF may have found an unexpected ally in new British Prime Minister Theresa May. A day after EDF’s board narrowly decided to push ahead with the construction of two new nuclear reactors at Hinkley Point, the UK government announced a surprise review of the humongous project. Pulling the plug would be a service to UK taxpayers as well as EDF investors.
from Keeping Score:
Golf returns to the Olympics in Rio in August after a more than 100 year absence. The last time golfers competed for Olympic medals was in 1904 in Saint Louis, Missouri. Former PGA of America CEO Joe Steranka talks about how the sport can take advantage of its moment in the international spotlight, and what stakeholders can learn abroad. Plus, hear my thoughts on the latest controversies surrounding the games and Roger Federer’s withdrawal in this week’s edition of our sports business podcast Keeping Score.
from Alison Frankel:
(Reuters) - Last December, Congress wanted to make sure that the Securities and Exchange Commission would keep its nose out of campaign finance reform. As you know, there's been considerable debate in recent years about whether the SEC should require corporations to disclose their political spending. The agency hasn't shown much eagerness to do so, but in the Appropriations Act of 2016 (which was actually passed in December 2015), the House and Senate seemed to take the issue out of the SEC's control. The law barred the commission from using SEC funds to "finalize, issue or implement any rule, regulation or order regarding the disclosure of political contributions."