corporate governance

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  • Credit Ratings Agency: Dell Downgrade on Buyout, Junk Status Imminent


    Authority Authority:
    Dell Inc. (NASDAQ: DELL) may still be involved in a massive go-private transaction which may or may not have a competing bid of sorts from Carl Icahn. Now Dell is faced with a credit rating agency...
    5 days ago
  • Multinational CEOs tell David Cameron to rein in tax avoidance rhetoric


    The Guardian - guardian.co.ukAuthority Authority: 986
    Burberry, Tesco, Vodafone and BAE Systems join CBI chief in lobbying PM to stop moralising on tax ahead of G8 talks The bosses of some of Britains largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month. Chief executives ...
    5 days ago
  • Apple Joins Overseas Corporate Tax and Repatriation Debate in Washington D.C.


    Authority Authority:
    Apple Inc. (NASDAQ: AAPL) set a record for its $17 billion debt offering in the last month, but the entire borrowing could have been avoided if there was not such a high corporate tax penalty for...
    5 days ago
  • Alcoa Faces Hefty Charges on Facility Potline Closure and Demolition


    Authority Authority:
    Alcoa Inc. (NYSE: AA) remains a top stock to watch for US investors because the company has managed to hold on to its DJIA component status, and because it is the first DJIA component to report...
    5 days ago
  • Multinational tax avoiders had better beware the unappreciative taxpayer | Simon Bowers


    The Guardian - guardian.co.ukAuthority Authority: 986
    Tax professionals have long considered strategies within the letter of the law unimpeachable – but times are changing As with many business leaders and tax professionals, the president of the CBI clearly feels a growing sense of frustration at the direction of the public debate over multinationals and their tax ...
    5 days ago
  • Poll: Should Jamie Dimon Lose CEO or Chairman Role?


    Authority Authority:
    Tuesday will mark the do or die date for J.P. Morgan Chase & Co. (NYSE: JPM) shareholders and corporate governance issues. The effort to split the role of chairman and chief executive officer...
    5 days ago
  • CPP Investment Board has produced $1.8 billion of negative value-add over a four year period


    Authority Authority:
    As I begin to dig into the 2013 CPP Investment Board annual report, I keep coming across evidence that our team’s active investment management strategy has yet to bear fruit. Yesterday I advised that the CPPIB had underperformed its benchmark for fiscal 2013 (see prior post “ CPP Investment Board underperformed ...
    5 days ago
  • 2013 Women on Boards Survey


    Authority Authority:
    Editors Note: The following post comes to us from Kimberly Gladman , Director of Research and Risk Analytics at GovernanceMetrics International, and is based on the executive summary of GMI Ratings’ 2013 Women on Boards survey by Ms. Gladman and Michelle Lamb, available for download here ; last years Women on ...
    5 days ago
  • Cameron refuses to say if he will quiz Google boss Eric Schmidt over tax


    The Guardian - guardian.co.ukAuthority Authority: 986
    PMs spokesman refuses to be drawn on whether Cameron will question Schmidt over Googles tax arrangements David Cameron has refused to say whether he will question Googles chairman over allegations that the internet giant is exploiting tax loopholes at a meeting on Monday that will discuss tightening up international ...
    5 days ago
  • Chesapeake Energy May Be in for a Culture Shock


    Authority Authority:
    Barely six weeks after founder and former chairman and CEO Aubrey McClendon was shown the door, Chesapeake Energy Corp. (NYSE: CHK) has named his successor. Robert Douglas Lawler, currently senior...
    5 days ago
  • Shell directors face up to 5 years in jail if guilty of price-fixing


    Authority Authority:
    By John Donovan Assessment of current situation in the price-rigging investigation partly based on an articled published today by The Lawyer today under the headline “All eyes on energy“: Royal Dutch Shell is being advised by Clifford Chance in relation to the allegations of price-fixing. Competition lawyers say ...
    5 days ago
  • David Cameron writes to Britains tax havens, calling for transparency


    The Guardian - guardian.co.ukAuthority Authority: 986
    PM urges havens to get our own houses in order before G8 summit in June, where he claims tax avoidance will be a priority David Cameron has written to the leaders of Britains offshore tax havens stressing the need to "get our own houses in order" as he pushes for international action to tackle avoidance schemes. In ...
    6 days ago
  • Secret papers ‘show how Shell targeted Nigeria oil protests’


    Authority Authority:
    Documents seen by The IoS support claims energy giant enlisted help of country’s military government By Andy Rowell Sunday 14 June 2009 Serious questions over Shell Oil’s alleged involvement in human rights abuses in Nigeria emerged last night after confidential internal documents and court statements revealed how ...
    6 days ago
  • Google chairman Eric Schmidt softens line on tax loopholes


    The Guardian - guardian.co.ukAuthority Authority: 986
    Boss of search engine says international tax law could benefit from reform – a marked shift in tone from December remarks Googles chairman, Eric Schmidt, has said he welcomes promises by international leaders to crack down on tax loopholes exploited by the search firm and other multinational internet businesses ...
    6 days ago
  • Tax avoidance: how to change corporate behaviour


    The Guardian - guardian.co.ukAuthority Authority: 986
    It is up to consumers and voters to change the lousy behaviour of big banks, energy giants and internet multinationals. They will not change by themselves Last week, I was waiting in the queue at the butcher while an elderly lady was being served. Clearly, she was not that well-off and chose the cheapest cuts of ...
    6 days ago
  • CPP Investment Board underperformed its own benchmark in FY2013


    Authority Authority:
    The thing about benchmarks, for a fund manager at least, is that they’re all your investors really have to go on. Once you’ve settled on what the appropriate benchmark is, of course. But, after that, you can’t stop staring at your personal Mendoza Line. As much as top drawer advisory firms such as Russell ...
    6 days ago
  • Capital markets are no longer about capital


    Authority Authority:
    Apple has raised an enormous amount of capital- to hand back cash to shareholders. It is sitting on tonnes of cash, yet resorted to the capital market because repatriating cash to the US from other parts of the world would have been tax inefficient. This, says John Kay in an article in the  FT, "illustrates a ...
    6 days ago
  • You cant be sure of seeing Shells AGM


    The Guardian - guardian.co.ukAuthority Authority: 986
    If you couldnt travel to the Hague to protest, you could always attend the live link-up in London. But now you cant even do that Angry about the oil giants allegedly fixing the price of petrol for more than a decade ? Youll have a chance to harangue Shell – its offices were raided by European Union officials ...
    6 days ago
  • Shell and BP in secret meetings about oil


    Authority Authority:
    Top petrol chiefs held talks once a year: The whistleblower claimed the office was swept for bugs before the talks, lasting nearly two hours. He added: “The security around their meetings was incredible. There was lock-down. The whole floor was a no-go area for anyone else. “It was just the two of them — the ...
    6 days ago
  • Shell: oil market regulation will cost consumers


    Authority Authority:
      Royal Dutch Shell lobbied against proposed European rules designed to clamp down on commodity market abuse, arguing they would raise costs for consumers and increase market volatility. Shell argued strongly against elements of EC reforms to “strengthen the fight against market abuse across commodity and related ...
    1 week ago

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