March 20, 2002 |
The New York Stock Exchange and Nasdaq Stock Market should consider prohibiting corporations from donating money to institutions that have ties to corporate audit committee members, a top Securities and Exchange Commission official said. SEC Chief Accountant Robert Herdman said that, in the wake of Enron Corp.'s collapse, regulators for the two leading U.S. markets also should weigh a proposal to stop audit board members from doing consulting work for companies they oversee.
February 6, 2008 |
Billionaire investor Carl Icahn said Tuesday that he was starting a blog to discuss ideas on corporate governance, an area in which he has strong opinions. "This country is losing its economic hegemony," Icahn said at a corporate governance conference in New York. "I want to see who is interested in this. I really think there's a lot to do." The blog, whose address is icahnreport.com, will be a forum where readers can respond or present ideas and Icahn will respond.
March 19, 1996 |
CalPERS Moves Activism Overseas: The investment board of the nation's largest public pension fund approved a plan for a so-called corporate-governance program in Japan, Britain, France and Germany, where the fund has almost 62% of its international investments.
July 8, 2002
* Today, Senate takes up accounting reform bill. Brookings Institution and American Enterprise Institute hold conference on corporate disclosure. * Tuesday, President Bush goes to Wall Street to address business leaders on corporate reform. Senate Judiciary subcommittee holds hearings on identity theft. .* Wednesday, Treasury Secretary Paul H. O'Neill addresses U.S. Chamber of Commerce on the economy, investor confidence and corporate governance issues.
May 12, 2002
"Vote Urges BofA Curb on Severance" [April 25] states, "The measure (shareholder proposal, if passed) is only a request that the company's board could reject or modify." Many institutional investors and individual investors delude themselves into thinking that they have some positive impact on corporate governance by simply sponsoring nonbinding shareholder proposals. Most of the proposals that pass are never implemented. And, even when implemented, no one can determine that the implementation enhanced shareholder value.
June 29, 2007 |
Pfizer Inc. said Thursday that its board would invite the drug maker's largest shareholders to a meeting this fall to discuss corporate governance issues including executive pay.