TAG ARCHIVES: shareholder activism
Board Lessons: Succeeding With Investors in a Crisis
Each year, a small number of companies confront crisis-level events that draw high-profile scrutiny from a range of stakeholders. A well-executed emergency response plan can help limit the […]
Group Billed as Advocate for Main Street Takes on Fund Giants
Big investment managers such as BlackRock Inc., Vanguard Group, and State Street Corp. have too much sway over the companies they hold and are using it to “play […]
Tesla Urged to `Raise Its Game’ as Activist Seeking Shake-Up
An activist firm representing Tesla Inc. shareholders has excoriated the electric-car maker, claiming that it’s veered off the path to profit and urging a major overhaul of the […]
Consumer Groups, Trial Lawyers Tell SEC No Investor Arbitration
More than 130 groups representing consumers, plaintiffs’ attorneys and others have called on the SEC to reject any prohibition on shareholder lawsuits amid talk the agency may act […]
Calpers Weighs Push for Sexual-Harassment Corporate Disclosure
• Policy would be added to pension system governance guidelines • ‘There’s some investment linkage,’ board president Mathur says The California Public Employees’ Retirement System, the largest U.S. pension […]
Shareholder Proposals in 2018: Something Old, Something New
The staff of the SEC’s Division of Corporation Finance responded to 124 shareholder proposal no-action letter requests in the first two months of 2018. This number is down […]
SEC Verdict on Climate Vote at Oil Driller Seen as ‘Out of Step’
A socially conscious investment firm managing $2.5 billion in assets is asking the Securities and Exchange Commission to rethink whether oil explorer EOG Resources Inc. can prevent shareholders […]
Kindred Faces Investor Suit Over Disclosure in $4.1B Humana Deal
Kindred Healthcare Inc. shareholders are asking a federal judge to pause the company’s $4.1 billion sale to Humana Inc. and two private equity firms until it fixes “misleading” […]
PayPal Directors Get Reprieve as Shareholder Venmo Suit Dismissed
PayPal directors caught a break in a shareholder derivative suit over alleged inadequate disclosures about problems with smartphone payment startup Venmo as a federal judge dismissed the case. […]
Goldman Sachs Gets a Pass in Teachers Retirement Class Action
Goldman Sachs will get another chance to defeat class action certification in a shareholder suit alleging it hid conflicts of interest when creating risky subprime securities before the […]