Risk: Page 10
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geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Yahoo to Become ‘Altaba’ After Verizon Deal
Yahoo has announced it will change its name and shrink its board, with CEO Marissa Mayer stepping down as a director, after its $4.8 billion deal to sell its core internet business to Verizon closes.The remnant of Yahoo — consisting largely of its 15% stake in Chinese e-commerce company Alibaba a...
By Matthew Heller • Jan. 10, 2017 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Post-Election Advice for CFOs: Keep Calm and Carry On
The close presidential election that resulted in Donald Trump’s unexpected victory over Hillary Clinton on Nov. 8 has plunged the country into uncertainty over the new administration. While uncertainty is the new normal for business, the 2016 election has unsettled many and created new challenges...
By Kristine Brands • Dec. 1, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
What Did Wells Fargo’s CEO Know?
Too often, companies get into trouble when their employee-performance incentive programs aren’t in sync with sound risk-governance practices. Employee fraud can be the result when an organization’s incentive program is stretched too far. Further, low-performing employees can end up taking drastic...
By John Bugalla and Kristina Narvaez • Sept. 16, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
House Blocks SEC’s Universal Proxy Ballot Plan
The House of Representatives has moved to stop the U.S. Securities and Exchange Commission from proposing a new rule that could make it easier for shareholders to vote for board members nominated by activist investors.The agency was expected in the coming weeks to propose allowing proxy voters to...
By Christopher Hosford • July 8, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Viacom to Pay Costs of CEO’s Fight With Mogul
Tensions between Viacom and controlling shareholder Sumner Redstone escalated Friday after the media company disclosed it had agreed to pay for CEO Philippe Dauman’s costs in his legal fight against Redstone.According to a regulatory filing, the Viacom board entered into an indemnification agreem...
By Matthew Heller • June 17, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Facebook Proposes Zuckerberg Succession Plan
Facebook’s board is planning for the succession of Mark Zuckerberg by proposing to strip him of his control of the company in the event that he steps down from management or is fired.In a regulatory filing, Facebook said it would ask shareholders at its annual general meeting on June 20 to vote o...
By Katie Kuehner-Hebert • June 6, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
IMF Urges Tougher Fight Against Corruption
The International Monetary Fund has called on governments to take vigorous steps to combat corruption, describing it is a major threat to macroeconomic stability.Ahead of an anti-corruption summit in London on Thursday, the IMF said in a white paper that transparency, a clear legal framework, a c...
By Matthew Heller • May 12, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Yahoo Reaches Board Deal With Activist Fund
Yahoo said Wednesday it had reached an agreement with activist investor Starboard Value to add four members to its board including the hedge fund’s chief executive.The deal ends months of confrontation between Yahoo and Starboard and, according to The Wall Street Journal, paves the way for a sale...
By Katie Kuehner-Hebert • April 27, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Cracks Down on Vague Proxy Cards
The U.S. Securities and Exchange Commission has directed companies to avoid using vague language to describe shareholder proposals that management opposes.The agency on Tuesday clarified a rule that requires proxy cards to “clearly and impartially” describe the specific action to be voted upon, s...
By Katie Kuehner-Hebert • March 25, 2016 -
Cody Boteler/CFO.com
Activists at the Gate
Activist investors are bigger and hungrier than ever. Here’s how to keep them at bay.
By Edward Teach • March 17, 2016 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Gives Boost to Investors in Proxy Battles
The U.S. Securities and Exchange Commission has narrowed the scope of a rule that allows companies to block shareholder proposals from coming to a vote, giving a boost to activist investors in corporate governance battles.Rule 14a-8(i)(9) says a company may exclude a proposal from a proxy ballot ...
By Matthew Heller • Oct. 23, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Insiders Profiting During ‘8-K Trading Gap’
A regulatory loophole has created an opportunity for corporate insiders to make “meaningful” profits by trading in a public company’s stock before it discloses a significant event, a new study warns.Researchers at Columbia and Harvard universities analyzed nearly 43,000 insider purchases and sale...
By Matthew Heller • Sept. 16, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Caesars Palace Fined $8M Over Compliance ‘Blind Spot’
Caesars Palace has agreed to pay $8 million to settle U.S. Treasury charges it had a “blind spot” in its compliance that created the potential for patrons of its private gaming salons to circumvent anti-money laundering controls.The private salons are reserved for the resort’s wealthiest clients,...
By Matthew Heller • Sept. 8, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Looking Into Universal Proxy Ballots
The U.S. Securities and Exchange Commission is working on new rules that could give activist investors an edge in contested board elections.Currently, shareholders who vote by proxy receive two sets of ballots, each featuring a rival slate of board candidates. Only those who physically attend ann...
By Katie Kuehner-Hebert • June 26, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Risk Managers Seek Simpler Data-Breach Notification
Worried about reputation risks and the fines their companies could be hit with if they fail to properly notify regulators of a data breach, risk managers are pushing a Congressional bill that would streamline the current 47-state notification system under a single federal regulator.The bill, call...
By David Katz • June 3, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC’s Proposed Comp Rules Are of Little Use, Attorneys Say
The Securities and Exchange Commission’s proposed new rules for the reporting of executive compensation by public companies, released Wednesday, put some questions on the table. Perhaps none is more to the point than simply: Why?Executive compensation experts who spoke with CFO were critical of t...
By David McCann • April 30, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Quotas Aren’t Best Way to Get Women on Boards: Study
The use of quotas isn’t the most effective way to get more women to participate – and remain — on corporate boards, according to research presented Wednesday at BNY Mellon’s Womenomics conference and reported in The New York Times/Deal Book.More than quotas, greater indicators of women’s particip...
By Katie Kuehner-Hebert • April 8, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Executives Forced to Own More Company Stock
Bowing to pressure from investors to make top executives more accountable for their performance, large companies are gradually requiring CEOs and CFOs to own more of their employer’s stock.In 2014, among the 90% of Fortune 500 companies that had stock-ownership guidelines, 92% had guidelines for ...
By David McCann • March 19, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Companies Dropping the Ball on Risk, Compliance
Companies are woefully unprepared to deal with the increasingly challenging risk and compliance environment, and the blitz of devastating corporate blunders witnessed in 2014 will recur, and then some, this year, says Forrester Research in a scathing new report.The report cites such corporate fai...
By David McCann • March 4, 2015 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Five Tips for Measuring Compliance Success
Whistleblower hotlines are an essential component of any compliance program. They provide an anonymous process for reporting unethical issues and have led to many very high-profile investigations and prosecutions.But when it comes to determining the success of compliance programs, too many compan...
By Lucy Skelton • Nov. 10, 2014 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Lack of Integration Hurts Loss Control at Family Enterprises
As advisers to family-controlled operating businesses and private investment offices, we’re likely to encounter every week a new tale of dispute, fraud, theft, litigation and ensuing financial loss among multi-generational businesses.After decades of serving this community, we are no longer surpr...
By Paul McKibbin and Linda Bourn • Oct. 27, 2014 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Replacing the Board
Corporate boards are among the most important institutions in capitalism. Their job is to police the relationship between shareholders who own companies and managers who run them. This means keeping an eye out for managerial incompetence and fraud. It also means standing back and offering strateg...
By Economist Staff • Aug. 21, 2014 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Ezcorp Shareholder Ousts CEO, Elevates CFO
In the wake of last week’s ouster of its CEO by a top shareholder, pawn-shop operator Ezcorp said Monday that it had installed CFO Mark Kuchenrither as interim chief executive.The announcement was made by the shareholder group MS Pawn Limited Partnership, which owns all of the company’s voting co...
By Iris Dorbian • July 21, 2014 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Special Report: Spring Insurance Buying
The phrase “it happens every spring,” which doubles as the title of a 1949 movie about a college professor who discovers a formula that turns him into an overpowering baseball pitcher, evokes the excitement baseball fans feel every year at the onset of this season. For the CFOs and risk managers ...
By David Katz • April 18, 2014 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
It’s Time for Boards to Have Technology Committees
I’ve had the privilege of serving as a director on several public-company boards for the past 15 years. Audit committees are, of course, very important and we’ve all seen compensation committees grow increasingly important. But no board I’ve heard of has a technology committee. I think it’s time,...
By Timothy Chou • April 15, 2014
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