Posts tagged ‘corporate governance’

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Liberating the Board of Directors

Giving non-executives ultimate authority . . . and then holding them accountable

In five years – maybe sooner — Boards of Directors in the US are going to govern their companies much more freely than they do now.    

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Is Activism Good or Bad?

It all depends on your investment time horizon . . .

Statistically, hedge fund activism was off the charts in 2013.  It was the top-performing hedge fund strategy by far and its practitioners won more proxy contests, attracted more capital and targeted bigger fish than ever before.

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Chairman/CEO: to Split or Not to Split?

JPMorgan re-ignites the corporate governance controversy

Some saw the issue as a silly sideshow, others as a turning point in US corporate governance.

Should Jamie Dimon give up his Chairmanship of JPMorgan?  For concededly good reasons, America’s best-known banker lost some of his luster this past year on both Wall Street and Capitol Hill thanks to the “London Whale” and a succession of other management missteps on his watch. 

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Should Shareholders Call the Shots?

Not according to one intrepid academic

Someone with credibility has finally come along to challenge the seemingly well-settled notion that shareholders should ultimately control corporate governance.

Lynn Stout, a visiting law professor at Cornell, has just published The Shareholder Value Myth which the International Herald Tribune described as a “slim and elegant polemic” arguing that ‘shareholder democracy’ has no basis in law.