Edited by Francis H.Byrd
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| Volume 1:Issue #4 | Edited by Francis H.Byrd |
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Governance News & Views from across the spectrum>>Executive Compensation June 10th: Treasury to Set Executives’ Pay at 7 Ailing FirmsThe Obama Administration most recent proposal places the compensation of top executives at seven companies in the hands of Special Master Kenneth Feinberg. The seven are: American International Group, Citigroup, Bank of America, General Motors, Chrysler and the financing arms of the two automakers. Will this third attempt by the Obama administration to limit executive compensation bear fruit? > read more June 8th: David Bolchover of the FT asks the question – “Business as usual on pay?”Will change come to UK companies’ pay schemes? > read moreJune 1st: European investors balk at director payKate Burgess and Richard Milne of the FT have an analysis of the investor backlash on executive compensation and some of the remedies proposed for the UK, Europe and the U.S. > read more>>Global Dispatches June 1st: Heard on the Street/Overheard ColumnThe WSJ had a story, on June 1st Corporate governance rules divide Japan/Tokyo plans guidelines for independent directorsThe FT’s Michiyo Nakamoto in Tokyo filed two stories on corporate governance in Japan Story 1, and the conflict between Keidanren, the powerful business lobby, and the Ministry of Economy facing off over proposed rules on the independence of directors read more. > read moreTwo Auditors Held in India Fault SystemThe New York Times’ Heather Timmons has a story about the two Indian PWC partners who are languishing in Hyderabad’s Central Prison resulting from the Satyam Computer Services scandal. > read more>>The Board RoomJune 11th: Bernanke e-mail claim in Merrill sale sagaGreg Farrell and Tom Braithwaite reports on Congressional inquiries into alleged use of threats by Federal Reserve Chairman Ben Bernanke against BofA CEO Ken Lewis. > read moreJune 9th - Massey, a Physicist, Re-Engineers BofADan Fitzpatrick and Joann S. Lublin profile BofA non-executive Chairman Walter Massey and his focus on board governance as opposed to day banking operations. > read moreJune 7th: The Directors GuildRonald Gilman (a member of Bill Ackman’s dissident slate at Target) and Reiner Kraakman, a professor of law at Harvard have offered a suggestion on director recruitment to the U.S. Treasury. > read moreJune 5th: BofA names four new directors in shake-upGreg Farrell has a story on BofA’s new directors. > read more>>Investor ActionsJune 9th:Court clears Chrysler deal with FiatBernard Simon in Toronto reports on the U.S. Supreme Court clearing the path for the Fiat-Chrysler deal. > read moreJune 9th: High Court Stymies Quick Sale of ChryslerWSJ reporters, Mark H. Anderson, Neil King Jr. and Alex P. Kellogg, discuss the legal effort by three Indiana pension funds -- the Indiana State Teachers' Retirement Fund, the Indiana State Pension Trust and the Indiana Major Moves Construction Fund -- who believe the sale of Chrysler to Fiat is unconstitutional because it places the rights of junior creditors ahead of those of senior lenders > read more>>Proxy Contests/Battles for ControlExecutive Suite – Joe Nocera
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