Tag: Corporate Governance

Elon Musk says Texas forever. Shareholders should not

More interestingly, Tesla is asking shareholders to let the EV maker relocate its corporate domicile from Delaware to Texas. The materials noted that 87 per cent of respondents to Musk’s Twitter plebiscite in January, just after the pay package ruling, were in favour of a move. When actual large institutions formally vote, including the likes of BlackRock and Vanguard, do…

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Tesla Calls for New Vote on Elon Musk’s Pay Package – The New York Times

Nearly three months ago, a Delaware court voided Elon Musk’s multibillion-dollar pay package that Tesla’s board — and most shareholders — had given him in 2018, contending that the process to decide it was “deeply flawed” and that the company didn’t properly disclose it to investors. On Wednesday, Tesla said that it would ask shareholders to vote again on that…

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2023 Silicon Valley 150: Corporate Governance Report

Our 2023 Silicon Valley 150 Corporate Governance Report reviews the corporate governance practices and disclosures of the Valley’s largest public companies. This report uses the Lonergan SV150, which ranks the top 150 public companies with headquarters in Silicon Valley by annual sales. We noted the following key conclusions from our survey of SV150 corporate governance: Virtual meetings are here to…

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The Next Frontier for Boards, Oversight of Risk Culture– HLS Forum on Corp. Gov. and Fin. Reg.

Over the past 15 years expectations for board oversight have skyrocketed. In 2002 the Sarbanes-Oxley Act put the spotlight on board oversight of financial reporting. The 2008 global financial crisis focused regulatory attention on the need to improve board oversight of management’s risk appetite and tolerance. Most recently, in the wake of a number of high-profile personal data breaches, questions…

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Exclusive Forum Provisions: A New Item for Corporate Governance and M&A Checklists — The Harvard Law School Forum on Corporate Governance and Financial Regulation

Public companies increasingly are adopting “exclusive forum” bylaws and charter provisions that require their stockholders to go to specified courts if they want to make fiduciary duty or other intra-corporate claims against the company and its directors. via Exclusive Forum Provisions: A New Item for Corporate Governance and M&A Checklists — The Harvard Law School Forum on Corporate Governance and…

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