Financial Regulatory Forum

Evidence, access aid job security when compliance staff raise a red flag

By Guest Contributor
February 9, 2012

By Emmanuel Olaoye

NEW YORK, Feb. 9 (Thomson Reuters Accelus) - Two vivid reminders of the job-security perils faced by compliance officers and others who sound alarms at company practices were provided last week by a congressional hearing into the MF Global bankruptcy and a federal appeals court ruling on whistleblower law.

Corporate boards seek a few good generals- directors’ group recruits military

By Guest Contributor
January 12, 2012

By Stuart Gittleman

NEW YORK, Jan. 12 (Thomson Reuters Accelus) — The National Association of Corporate Directors has launched a program to recruit generals and admirals for membership on boards of directors, with the aim of advancing standards of professionalism and increasing diversity of perspective, the group said Thursday.

Advice for Chelsea Clinton: How to be a good board member

By Lucy P. Marcus
September 28, 2011

By Lucy P. Marcus
The views expressed are her own.

The high profile appointment of Chelsea Clinton to the board of IAC/InterActiveCorp comes at a time when the individual and collective performance of board directors is being scrutinized more thoroughly and more publicly than ever before. A good board can be rocket fuel or it can be rocks in an organization’s pockets. But what does a  new board member need to be active, engaged, and dynamic?

Two hats or one: revisiting the role of board chair in Canada

By Guest Contributor
August 23, 2011

By John Mackie

TORONTO, Aug. 23 (Business Law Currents) For institutions, regulators and investors, executives who wear two hats, such as CEO and chairman, are in an inherent conflict of interest. The situation is complicated further when roles are shared, such as in cases of co-chairs or co-CEOs.

Taiwan takes tough stance on corporate governance

By Guest Contributor
April 19, 2011

By Patricia Lee

(Complinet) Taiwan’s Financial Supervisory Commission has stepped up enforcement of its corporate governance regulations by making it mandatory for listed firms and financial institutions to appoint independent directors and set up a remuneration committee. The latest regulations will carry a penalty in the event of any breaches, an FSC official told Complinet, speaking on condition of anonymity.

Corporate Governance: Staggered U.S. boards are endangered species

By Guest Contributor
March 23, 2011

By Erik Krusch

NEW YORK, March 23 (Westlaw Business) – Classified boards may be moving towards the endangered species list, as investors and even management are hunting them down.

Equality provisions fail to add up in UK boardrooms (Westlaw Business)

By Guest Contributor
January 28, 2011

 Burberry CEO Angela Ahrendts leads a discussion at the IHT Heritage Luxury conference in London 09/11/2010By Christopher Elias

Jan. 27 (Westlaw Business) With annual meeting season just around the corner in the UK, attention is once again turning to corporate governance issues and in particular, board composition, as a recent report from Cranfield University reveals that only 12.5% of FTSE 100 directorships are held by women.

Top pay at bailed out U.S. companies to be cut – sources

October 22, 2009

Lawrence H. Summers, Director of the White House's National Economic Council, speaks about the a luncheon hosted by "The Economist" magazine at Pace University in New York October 16, 2009. (File Photo) REUTERS/Nicholas Roberts (UNITED STATES BUSINESS POLITICS) By Karey Wutkowski and Steve Eder
WASHINGTON/NEW YORK, Oct 21 (Reuters) – Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday.

INTERVIEW-Delaware judge sees “symbiotic” relations with U.S. government on corporate law

By Reuters Staff
October 16, 2009

By Tom Hals
WILMINGTON, Del., Oct 16 (Reuters) – Delaware will preserve its “symbiotic” relationship with the federal government on corporate law, even as Washington takes an activist role on American business, said the newest member of the state’s corporate law court.

US SEC won’t finalize proxy access for board nominations until early 2010

By Reuters Staff
October 2, 2009

Mary Schapiro, chairman of the Securities and Exchange Commission (file photo) WASHINGTON, Oct 2 (Reuters) – Finalizing a controversial proposal to give U.S. investors a cheaper and easier way to nominate corporate directors is taking longer than expected and securities regulators will not vote on it until early in 2010.