It is intuitive to think of board expertise as an unalloyed good. But we merge insights from interviews with nomination committee members with insights from the literature on group decision-making, to highlight ...
Category: latest news
Companies faced a record number of attacks from activist investors in 2023 as disgruntled shareholders sought to oust directors or force the sales of businesses whose share prices had languished. There were 252 new campaigns globally, according to a report by investment bank Lazard...
Public companies (in Canada).... benefit from some key regulatory advantages, including a lack of independent vote-counting for shareholder meetings. Almost all shareholder votes are tabulated by a company’s transfer agent with direction from the chair – often a company insider – who gets to decide...
In recent decades, share buybacks have emerged as a global corporate phenomenon, albeit one accompanied by escalating controversy. While companies put forth various reasons for pursuing share buybacks, it is the argument that frames them as an attractive alternative to dividends for returning...
Some Canadian public companies are required to follow a federal law that requires them to disclose data on how many visible minorities, Indigenous people and people with disabilities sit on their board of directors. Other companies produce diversity ...
As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends. Buybacks continue to be very divisive, evoking comments like “derangement syndrome” by Cliff Asness, “economic illiterates” by Warren Buffett and “paper manipulation” by Sen...
The first one is that great meetings don’t just hinge on great people; they also need to be set up for success. So, to ensure the conversation remains focused and on topic, I write a pre-meeting note to the board that ...
Board burnout is so real that even the high achievers who gravitate toward board jobs are starting to question whether they can continue,.... As more CEOs and C-suite leaders leave companies—often because they too are suffering...
A new study finds that when companies increase the number of women on their boards of directors as the result of government intervention, the investment efficiency of those companies increases. And the more stringent the gender diversity requirements are, the greater the improvements...
Boards and directors are coming under increased pressure to be “on top of their game.” This involves a clear understanding of their fiduciary duty and duty of care, the foundational elements of good governance. In addition, modern governance involves ...