Although rumors of a 3-way split are doing the rounds, analysts from Goldman Sachs opine, given the preference of clients who choose ad agencies with integrated services over others, divestments and sales of assets are unlikely to be considered in… Read More ›
AGM
Volkswagen weighing options to spin-off Ducati and Renk
At a crossroad, VW’s strategic steps could either lead to expanding these businesses or could lead to a spin-off. Looking at efforts aimed at boosting efficiency and becoming more nimble, Volkswagen, Europe’s biggest carmaker, is looking at the cost benefits… Read More ›
VW’s biggest Institutional investor likely to oppose board’s nominees
Volkswagen’s AGM tomorrow promises to be eventful with Hermes EOS saying the nominees forwarded by VW’s board essentially contradicts independent representation in the automaker’s controlling panel and undermines the principles of corporate governance. On Wednesday, Hermes EOS, an investment advisory… Read More ›
Deutsche Bank nominates 4 members to its supervisory board
The development comes midst questions being raised by major investors over the future leadership at Germany’s biggest bank. On Wednesday, Germany’s largest lender, Deutsche Bank stated John Thain, a veteran U.S. banker is being nominated to its supervisory board. The… Read More ›
Cement maker LafargeHolcim loses key investor from its board
Key personnels from cement maker LafargeHolcim are set to step down from its board at its 2018 AGM. On Wednesday, Cement maker LafargeHolcim stated Thomas Schmidheiny, its largest most influential shareholder who has been the driving force behind merger which… Read More ›
Christian Strenger, founding member of Germany’s Corporate Governance Commission calls investors to vote against Wolfgang Porsche’s re-election to VW’s board at its AGM
Although Christian Strenger has a a small stake in VW, as the ex-CEO of DWS, Deutsche Bank’s asset management arm, and being the founding member of Germany’s Corporate Governance Commission, he has a prominent voice. German newspaper Frankfurter Allgemeine Sonntagszeitung… Read More ›
Broadcom unveils its list of nominees for Qualcomm’s board
The move, its first step towards Broadcom’s acquisition of Qualcomm, was on expected lines. Its March 6 AGM promises to be eventful. On Monday, in a significant development, Broadcom Ltd took its first step towards its hostile takeover of Qualcomm… Read More ›
SEC’s staff legal bulletin places burden of proof on investor proponents
The new measure comes in the wake of demand for reforms in annual director elections as well as on topics related to corporate governance. Going by the SEC’s “staff legal bulletin”, companies are likely to block ethical or social matters… Read More ›
Trian Fund Management LP seeks a seat at P&G’s board
The fund aims to boost shareholder’s value in the company. A regulatory filing has revealed that activist investor Trian Fund Management LP is seeking a board seat for Nelson Peltz at Procter & Gamble Co. Trian Fund Management LP,… Read More ›
Toshiba retains traction: AGM to be held on June 28
With the AGM under its belt, the doubts surrounding the company are likely to be cleared. Toshiba Corp has stated it would hold its AGM on June 28 and discuss the status of the auditing process, its earnings outlook and… Read More ›