German Parliament Backs ‘Milestone’ Gender Quota for Company Boards

The legislation requires many public companies in Germany to have at least one woman on the supervisory board.

#boards-of-directors, #germany, #legislatures-and-parliaments, #regulation-and-deregulation-of-industry, #women-and-girls

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Exxon Mobil Defeated by Activist Investor Engine No. 1

The energy giant’s stunning loss was the work of a tiny hedge fund that believes investing for social good is also good for the bottom line.

#blackrock-inc, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #state-street-corporation, #vanguard-group-inc

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Surprise: Women and Minorities Are Still Underrepresented in Corporate Boardrooms

The latest version of a multiyear analysis of Fortune 100 and 500 companies found that white women made some gains but that true representation is decades away.

#alliance-for-board-diversity, #boards-of-directors, #fortune-magazine, #goldman-sachs-group-inc, #minorities, #women-and-girls

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Exxon Board to Get a Third Activist Pushing Cleaner Energy

The new board member is likely to join two other candidates put forward by an activist investor who were declared winners last week.

#alternative-and-renewable-energy, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism

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How Exxon Lost a Board Battle With a Small Hedge Fund

The oil giant’s unexpected boardroom defeat by an activist investor hinged on a few key moments.

#boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #stocks-and-bonds, #woods-darren-w-1965

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Activists Crashed Exxon’s Board, but Forcing Change Will Be Hard

The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.

#alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #executives-and-management-theory, #exxon-mobil-corp, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

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A Glimpse of a Future With True Shareholder Democracy

Big stock funds own increasingly large chunks of publicly traded companies, leaving fund shareholders without a vote on corporate governance. But there’s a better way.

#as-you-sow, #boards-of-directors, #coates-john-c-iv, #conflicts-of-interest, #gensler-gary-s, #mutual-funds, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #shareholder-rights-and-activism

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Santa Clara U. President Resigns After Inappropriate Behavior, Officials Say

The Rev. Kevin O’Brien had delivered the homily at a Mass for the inauguration of President Biden in January.

#appointments-and-executive-changes, #biden-joseph-r-jr, #boards-of-directors, #santa-clara-university

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N.C.A.A. Extends Emmert’s Deal, Surprising Athletic Leaders

Mark Emmert’s extension stunned conference commissioners and university athletic directors and reflected some stubbornness as the N.C.A.A. faces legacy-shaping reckonings.

#boards-of-directors, #college-athletics, #colleges-and-universities, #emmert-mark, #national-collegiate-athletic-assn

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N.R.A. Chief Takes the Stand, With Cracks in His Armor

Wayne LaPierre has led the National Rifle Association for 30 years, but his implacable image looked threadbare in bankruptcy court.

#bankruptcies, #boards-of-directors, #firearms, #gun-control, #lapierre-wayne, #lobbying-and-lobbyists, #national-rifle-assn

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ERCOT Managers Resign After Widespread Storm Outages

The chairwoman and three other board members of the Electric Reliability Council of Texas stepped down after millions were left without electricity during freezing temperatures.

#appointments-and-executive-changes, #boards-of-directors, #electric-light-and-power, #electric-reliability-council-of-texas, #power-failures-and-blackouts, #texas

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Companies Say They Care About the Climate. Their Actions Fall Short.

Many big businesses have not set targets for reducing greenhouse gas emissions. Others have weak goals.

#alternative-and-renewable-energy, #blackrock-inc, #boards-of-directors, #brazil, #carbon-dioxide, #carbon-disclosure-project-cdp, #cargill-inc, #corporations, #electric-light-and-power, #fuel-emissions-transportation, #global-warming, #google-inc, #greenhouse-gas-emissions, #institutional-shareholder-services-inc, #levi-straussco, #microsoft-corp, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states

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Charles Venable Resigns as Head of Indianapolis Museum of Art

His departure comes in the wake of a job posting, since corrected, that described the museum’s core audience as “white,” and amid criticism from a trustee, some staff and local artists.

#appointments-and-executive-changes, #art, #black-people, #boards-of-directors, #discrimination, #indianapolis-ind, #indianapolis-museum-of-art, #museums, #newfields, #race-and-ethnicity, #venable-charles-l

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A Hidden Obstacle to Boardroom Diversity

Some companies are reluctant to let lower-level managers become outside directors, adding a systemic impediment to the push.

#appointments-and-executive-changes, #benioff-marc, #boards-of-directors, #christoff-niki, #discrimination, #minorities, #salesforce-com-inc, #women-and-girls

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How GameStop’s Reddit-Fueled Rise May End

Let’s have an honest conversation about GameStop.

#boards-of-directors, #california-state-teachersretirement-system-calstrs, #corporate-social-responsibility, #d-e-shawco, #exxon-mobil-corp, #gamestop-corporation, #oil-petroleum-and-gasoline, #reddit-inc

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San Francisco’s Top Art School Says Future Hinges on a Diego Rivera Mural

The University of California is aiding the San Francisco Art Institute, but S.F.A.I. officials say selling a $50 million Rivera could save the school. Former students are outraged.

#art, #boards-of-directors, #budgets-and-budgeting, #colleges-and-universities, #finances, #levy-pam-rorke, #murals, #quarantine-life-and-culture, #rivera-diego, #san-francisco-calif, #san-francisco-art-institute, #university-of-california

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Pinterest Settles Gender Discrimination Suit for $22.5 Million

The suit had been brought by Françoise Brougher, Pinterest’s former chief operating officer, who said she was fired after speaking up about mistreatment.

#boards-of-directors, #computers-and-the-internet, #corporate-social-responsibility, #discrimination, #francoise-brougher, #philanthropy, #pinterest, #social-media, #suits-and-litigation-civil, #wages-and-salaries, #women-and-girls, #workplace-hazards-and-violations

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Racism Impoverishes the Whole Economy

While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans.

#bell-laboratories, #black-people, #boards-of-directors, #civil-rights-movement-1954-68, #colleges-and-universities, #discrimination, #education-k-12, #forbes-magazine, #gross-domestic-product, #hispanic-americans, #income-inequality, #innovation, #inventions-and-patents, #michigan-state-university, #minorities, #musk-elon, #race-and-ethnicity, #research, #scholarships-and-fellowships, #small-business-administration, #united-states-economy, #venture-capital, #wages-and-salaries, #women-and-girls

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Chairman of Elite Wine Group Resigns Amid Its Sexual Harassment Scandal

Devon Broglie is the latest figure in the Court of Master Sommeliers to be accused of an inappropriate relationship.

#metoo-movement, #boards-of-directors, #broglie-devon, #conflicts-of-interest, #court-of-master-sommeliers-americas, #sexual-harassment, #wines

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Apollo Board Will Review Leon Black’s Ties to Jeffrey Epstein

Mr. Black, the chief executive and chairman of Apollo Global Management, asked independent board members to examine his relationship with the convicted sex offender.

#apollo-global-management, #black-leon-d, #boards-of-directors, #child-abuse-and-neglect, #epstein-jeffrey-e-1953, #human-trafficking, #private-equity, #sex-crimes, #women-and-girls

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Stakeholder Capitalism Gets a Report Card. It’s Not Good.

The pandemic and the movement for racial justice have tested corporate pledges to elevate social concerns alongside shareholder interests. A new study finds companies are failing to follow through.

#amazon-com-inc, #benioff-marc, #blackrock-inc, #boards-of-directors, #business-roundtable, #capitalism-theory-and-philosophy, #coronavirus-2019-ncov, #corporate-social-responsibility, #corporations, #ford-foundation, #marriott-international-inc, #wages-and-salaries

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Diversity Push Barely Budges Corporate Boards to 12.5%, Survey Finds

Despite pledges to nominate more members of underrepresented ethnic and racial groups, companies have made little progress over the last five years.

#black-people, #boards-of-directors, #california, #hiring-and-promotion, #hispanic-americans, #minorities, #pizarro-pedro-j, #race-and-ethnicity, #stocks-and-bonds, #united-states, #west-tony-1965, #whites

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Trump Dismisses 2 T.V.A. Board Members After Outsourcing Dispute

The Tennessee Valley Authority, an electric utility, quickly said it would reconsider its move to shift some work to contractors outside the United States.

#appointments-and-executive-changes, #boards-of-directors, #executive-orders-and-memorandums, #labor-and-jobs, #layoffs-and-job-reductions, #outsourcing, #tennessee-valley-authority, #trump-donald-j, #united-states-politics-and-government

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Corporate America’s Black Lives Matter Pledges Fall Short

It’s time for companies to move beyond mere tweets and hire more black employees at every level.

#amazon-com-inc, #black-lives-matter-movement, #black-people, #boards-of-directors, #corporations, #discrimination, #facial-recognition-software, #george-floyd-protests-2020, #police-brutality-misconduct-and-shootings, #race-and-ethnicity, #ring-inc, #snap-inc, #starbucks-corporation, #twitter, #united-states

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‘Corporate America Has Failed Black America’

For a group of elite black executives, police killings and protests have unleashed an outpouring of emotion and calls for action.

#appointments-and-executive-changes, #banking-and-financial-institutions, #black-people, #boards-of-directors, #burns-ursula-m, #corporations, #discrimination, #george-floyd-protests-2020, #historically-black-colleges-and-universities, #hobson-mellody, #moore-wes-1978, #police-brutality-misconduct-and-shootings, #reffkin-robert, #smith-robert-f-1962, #walker-darren-1959, #williams-ryan-1988

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Trump’s Vaccine Chief Has Vast Ties to Drug Industry, Posing Possible Conflicts

Moncef Slaoui, a former pharmaceutical executive, is now overseeing the U.S. initiative to development coronavirus treatments and vaccines. His financial interests and corporate roles have come under scrutiny.

#appointments-and-executive-changes, #biotechnology-and-bioengineering, #boards-of-directors, #conflicts-of-interest, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #ethics-and-official-misconduct, #glaxosmithkline-plc, #health-and-human-services-department, #moderna-inc, #research, #sanofi-sa, #securities-and-exchange-commission, #slaoui-moncef-m, #stocks-and-bonds, #trump-donald-j, #united-states-politics-and-government, #vaccination-and-immunization, #venture-capital, #your-feed-healthcare

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Why 2019 Was a Breakthrough Year for Women in the Boardroom

Public pressure to diversify boards forced public companies to change. And private ones, too.

#boards-of-directors, #gender, #women-and-girls, #workplace-environment

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