Tuesday, March 09, 2010         17:04 EST
Ely Razin, Esq., Editor In Chief
 
GOVERNANCE


05 March 10:00
Goldman’s equity-based pay packages are back in spotlight, as Goldman’s managing directors face new requirements from the financial services giant. MDs are now being required to hold more equity…
More Precedent

05 March 08:00
Named after the Chinese word for peace, Ping An Insurance’s latest move is generating anything but a peaceful response. Recently, Ping An announced that it will be gradually unlocking…
More Precedent

04 March 06:00
Out with the old and in with the new is rarely the case when it comes to classified boards, but corporate governance tides are rising against staggered boards. Companies like e-Bay, E*Trade Financial, and…
Precedent Watch

18 February 07:30
The 2010 season is shaping up to be a doozie for proxy fights. Perennial activist investor Carl Icahn has already announced his third proxy fight in as many years at Biogen Idec and U.S.-style proxy fights have played out at Germany’s…
Precedent Watch

05 February 08:00
Shareholder rights are pressed by the SEC, activists...and John. John Chevedden's one man shareholder rights band. Amazon.com, International Paper, and Halliburton…
Precedent Watch

04 February 11:00
The Federal Reserve earlier this week launched a website designed, essentially, to teach bank directors how to be a director...
More Precedent

03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
More Precedent

26 January 11:00
Shareholder activism may be the key this year to empowering and advancing shareholder interests. For an example of activism in action, look no further than Take Two Interactive Software...
More Precedent

25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
More Precedent

22 January 14:00
If recent no act letters are any indication, the separation of chairman and CEO may, yet again, be a hot proxy topic for shareholders this year. Two major companies have received proposals recently and…
More Precedent

15 January 06:00
The London Stock Exchange is remaking itself, in a clear quest not only to retain its dominance in the UK, but to grow it. With DP World and Pearl recently announcing planned Premium Listings on the LSE, the message is clearly getting out. Less publicized, though, is the challenge posed to …
Precedent Watch

12 January 06:30
In an era of hyper-sensitivity to executive compensation, Disney’s recent moves shine a light on standards outside of the financial services industry...
More Precedent

31 December 08:00
The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…
Precedent Watch

29 December 16:00
Whole Foods Market shareholders are in for a savory a two course meal of governance changes. John Mackey, the co-founder, CEO, and now former chairman, recently…
More Precedent

29 December 14:00
Shareholder proposals on poison pills could be hotbed of activity this proxy season. Serving as a notable early indication may be pharmaceutical company Mylan’s recent No Act...
More Precedent

24 December 10:00
In a more subtle preparation for a possible takeover of Cadbury, Kraft Foods sweetened its Board of Directors. It has just amended its bylaws to allow the expansion of the board to twelve members…
More Precedent

15 December 15:00
The Securities and Exchange Commission announced Monday that it is extending the comment period for the heavily debated...
More Precedent

07 December 14:24
EBay has put its former chief executive, Meg Whitman, on the witness stand on Monday to make the case that Craigslist unfairly denied the Internet giant a seat on its board...
Reuters News

01 December 15:30
Governance changes are a necessary part of going public, as KAR Auction Services, Inc. has confirmed. KAR, a leading provider of vehicle auction services, has amended its IPO filings from…
More Precedent

17 November 09:00
Horse racetrack Churchill Downs announced it has entered into voting agreements with Youbet stockholders and directors, concurrently with the agreement and plan of merger…
More Precedent

05 November 16:30
Corporate governance, director independence, and internal controls are a hot button business issue from New York to Shanghai. China Carbon Graphite Group, Inc…
More Precedent

04 November 13:00
Cascade Bancorp entered into a Securities Purchase Agreement last week with David F. Bolger and BOTC Holdings LLC an affiliate of Lightyear Fund II, L.P., for the purchase and sale of...
More Precedent

29 October 12:40
In a concession to aggressive tactics by activist shareholders, State Bancorp Inc of New York has invited said activist to join its Board. In particular, the company elected Richard Lashley, a …
More Precedent

27 October 17:15
Outspoken activist investor Nelson Peltz is set to join the board of asset manager Legg Mason. Peltz’s Trian Partners and affiliates own 4.3% of…
More Precedent


05 March 10:00
Goldman’s equity-based pay packages are back in spotlight, as Goldman’s managing directors face new requirements from the financial services giant. MDs are now being required to hold more equity…
More Precedent

03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
More Precedent

28 January 08:00
Though still early in proxy season, activist shareholders are already demanding a variety of changes to executive compensation disclosure and practices. Shareholders from companies diverging from Dow Chemical to Sprint, and Bank of America to Frontier Communications are…
Precedent Watch

25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
More Precedent

14 January 16:00
Bank compensation is now facing its latest regulatory threat, this one with actual costs attached, following rules proposed by the Federal Deposit Insurance Corporation (FDIC)…
More Precedent

07 January 06:00
Shareholder proposals and no action letters make it clear: bankers and their wallets are in for a rough 2010 proxy season. To wit: Amex, Citi and Bank of America, among other financial services companies, are fighting…
Precedent Watch

31 December 08:00
Executive compensation will be a hot button issue for activist shareholders in the upcoming proxy season – and if four recent Bank of America no action requests are any indication, it may be one of the earliest issues to emerge...
More Precedent

30 December 10:00
Nabors Industries Ltd, a Bermuda-based offshore drilling company, filed the second amendment to the executive employment agreements for...
More Precedent

24 December 06:30
“Big dollars for bigwigs” could be the catchphrase for 2009 and a rallying cry as 2010 begins. With much focus on new disclosure requirements for banks in the U.S. and U.K., Canada is oft-overlooked. Yet it shouldn’t be…
Precedent Watch

14 December 06:30
Bankers’ thudding bonuses echo with regulatory “bah humbug”. Today’s big announcement by Goldman Sachs of its bonus changes is just the latest sign. Citi, Bank of America and other TARP-fleeing banks ought also to be careful – they may trip over Barclays, RBS and their UK peers…
Precedent Watch

08 December 06:00
With all the attention that executive compensation has been getting of late, it would only seem logical that Canadian issuers would take special care when it comes to compensation disclosures. According to the CSA, however…
Precedent Watch

03 December 06:00
Clawbacks and bonus busting continue to be a hot topic. The activity may be led by regulators, but it is no longer restricted to them. Instead, the SEC, the pay czar, and even private companies like Hertz are voluntarily getting in on the clawback action…
Precedent Watch

25 November 09:30
General Electric recently petitioned the SEC by way of No Action letter to omit information from its upcoming proxy. The company requested to omit a shareholder proposal recommending that…
More Precedent

18 November 15:30
Last week, reinsurance company Aon Corporation entered into an amended and restated employment agreement with Gregory C. Case, its President and CEO, which modifies the…
More Precedent

05 November 17:00
Goldman Sachs may be re-dubbed "Governance Sachs" now that supermajority voting has been given the thumbs down, and enhanced shareholder rights the "thumbs up" at…
More Precedent

05 November 06:00
Who wouldn’t want to run a bank? Giant corner office, maybe the use of the bank’s private jet, and, best of all, a seven or even eight figure salary. Before you send in your application, though, you might want to consider some of the headaches that come along with that paycheck…
Precedent Watch

03 November 13:00
Amid the changeover in the financial services industry executive suite, it’s interesting to note what American Express has done. In a recent filing, the company confirmed the terms of a separation agreement with...
More Precedent


04 March 06:00
Out with the old and in with the new is rarely the case when it comes to classified boards, but corporate governance tides are rising against staggered boards. Companies like e-Bay, E*Trade Financial, and…
Precedent Watch

18 February 07:30
The 2010 season is shaping up to be a doozie for proxy fights. Perennial activist investor Carl Icahn has already announced his third proxy fight in as many years at Biogen Idec and U.S.-style proxy fights have played out at Germany’s…
Precedent Watch

05 February 08:00
Shareholder rights are pressed by the SEC, activists...and John. John Chevedden's one man shareholder rights band. Amazon.com, International Paper, and Halliburton…
Precedent Watch

03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
More Precedent

02 February 06:00
Pharmaceutical healthcare organization BioScrip appears to have its sights set on expanding its business with the planned acquisition of…
More Precedent

01 February 00:00
On the heels of the Google drama regarding internet censorship in China, another battle is coming to light over the principles of net neutrality. In a rare showing of activism, shareholders at Comcast have submitted…
More Precedent

25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
More Precedent

25 January 06:00
Healthcare horse trading might be taking place on Capitol Hill, but the real drama is occurring in the run up to annual meetings through no action letters…
Precedent Watch

22 January 14:00
If recent no act letters are any indication, the separation of chairman and CEO may, yet again, be a hot proxy topic for shareholders this year. Two major companies have received proposals recently and…
More Precedent

07 January 06:00
Shareholder proposals and no action letters make it clear: bankers and their wallets are in for a rough 2010 proxy season. To wit: Amex, Citi and Bank of America, among other financial services companies, are fighting…
Precedent Watch

05 January 16:00
Shareholders already seem to be in the driver’s seat at many companies this year, the latest example of which is NYSE Euronext...
More Precedent

31 December 08:00
Executive compensation will be a hot button issue for activist shareholders in the upcoming proxy season – and if four recent Bank of America no action requests are any indication, it may be one of the earliest issues to emerge...
More Precedent

31 December 08:00
The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…
Precedent Watch

29 December 16:00
Whole Foods Market shareholders are in for a savory a two course meal of governance changes. John Mackey, the co-founder, CEO, and now former chairman, recently…
More Precedent

29 December 14:00
Shareholder proposals on poison pills could be hotbed of activity this proxy season. Serving as a notable early indication may be pharmaceutical company Mylan’s recent No Act...
More Precedent

15 December 15:00
The Securities and Exchange Commission announced Monday that it is extending the comment period for the heavily debated...
More Precedent

07 December 14:24
EBay has put its former chief executive, Meg Whitman, on the witness stand on Monday to make the case that Craigslist unfairly denied the Internet giant a seat on its board...
Reuters News

03 December 13:30
In a sign that proxy season is fast approaching, both Pfizer and Kimberly Clark have requested no action relief to exclude similar shareholder proposals according to recently released no-action letters. In their no action requests…
More Precedent

25 November 09:30
General Electric recently petitioned the SEC by way of No Action letter to omit information from its upcoming proxy. The company requested to omit a shareholder proposal recommending that…
More Precedent

04 November 13:00
Cascade Bancorp entered into a Securities Purchase Agreement last week with David F. Bolger and BOTC Holdings LLC an affiliate of Lightyear Fund II, L.P., for the purchase and sale of...
More Precedent

29 October 12:40
In a concession to aggressive tactics by activist shareholders, State Bancorp Inc of New York has invited said activist to join its Board. In particular, the company elected Richard Lashley, a …
More Precedent


05 March 10:00
Goldman’s equity-based pay packages are back in spotlight, as Goldman’s managing directors face new requirements from the financial services giant. MDs are now being required to hold more equity…
More Precedent

25 February 09:00
Termination or death - there are better ways to get paid, but CEOs take whatever they can get. Disney, Verizon, and Boeing executives have all recently taken flack from seething shareholders because of the companies’ golden parachute and golden coffin policies…
Precedent Watch

10 February 07:00
There is a new sick man of Europe and he bears a worrisome gift: financial contagion concerning many European governments and private companies. All this, just as the UK is limping from its economic sickbed…
Precedent Watch

05 February 08:00
Shareholder rights are pressed by the SEC, activists...and John. John Chevedden's one man shareholder rights band. Amazon.com, International Paper, and Halliburton…
Precedent Watch

04 February 05:00
Boardroom diversity is once again on the agenda in Europe, with France poised to adopt a new law that would force large companies to reserve at least 40% of their boardroom positions for women…
More Precedent

03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
More Precedent

28 January 10:00
Executive jets and the companies that pay for them made quite a stir on Capitol Hill after the CEOs of Detroit’s automakers flew into Washington. Yet American International Group Inc (AIG) and its chief executive have entered into an Aircraft Time Sharing Agreement…
More Precedent

25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
More Precedent

15 January 06:00
The London Stock Exchange is remaking itself, in a clear quest not only to retain its dominance in the UK, but to grow it. With DP World and Pearl recently announcing planned Premium Listings on the LSE, the message is clearly getting out. Less publicized, though, is the challenge posed to …
Precedent Watch

05 January 16:00
Shareholders already seem to be in the driver’s seat at many companies this year, the latest example of which is NYSE Euronext...
More Precedent

05 January 12:00
In a growing trend, companies are leaving tropical tax havens in anticipation of greater EU and U.S. tax regulation of haven-seekers. The latest: global insurance brokerage Willis Group has...
More Precedent

29 December 16:00
Whole Foods Market shareholders are in for a savory a two course meal of governance changes. John Mackey, the co-founder, CEO, and now former chairman, recently…
More Precedent

14 December 07:00
Green Star Mining Corp. announced its CEO has resigned after selling her 60% interest to…
More Precedent

17 November 09:00
Horse racetrack Churchill Downs announced it has entered into voting agreements with Youbet stockholders and directors, concurrently with the agreement and plan of merger…
More Precedent

05 November 17:00
Goldman Sachs may be re-dubbed "Governance Sachs" now that supermajority voting has been given the thumbs down, and enhanced shareholder rights the "thumbs up" at…
More Precedent

03 November 14:00
In connection with Hyatt Hotels’ planned IPO, the company filed stockholder agreements on Monday. The two agreements govern the sale of stock by the Pritzker decedents and other trusts…
More Precedent