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....Kalanick’s departure has been preceded by those of many other senior figures in the company. Most recently venture capitalist David Bonderman resigned from Uber’s board of directors last Tuesday evening after making a sexist comment at the all-staff meeting where the Holder report’s recommendations were presented. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 06:19:56 AM
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....Richard Liu, JD. com’s founder and chief executive, will now join Farfetch’s increasingly star-studded board of directors, alongside Massenet and Jonathan Newhouse, chairman and chief executive of Condé Nast, the publisher of Vogue and GQ. ... [Read full article on Guardian ]
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Latest Finance News related to Board Of Directors

Handbags at dawn with Farfetch, the latest thing in upmarket online fashion image
....Richard Liu, JD. com’s founder and chief executive, will now join Farfetch’s increasingly star-studded board of directors, alongside Massenet and Jonathan Newhouse, chairman and chief executive of Condé Nast, the publisher of Vogue and GQ. ...
Uber CEO Travis Kalanick resigns following months of chaos image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:19:56 AM
....Kalanick’s departure has been preceded by those of many other senior figures in the company. Most recently venture capitalist David Bonderman resigned from Uber’s board of directors last Tuesday evening after making a sexist comment at the all-staff meeting where the Holder report’s recommendations were presented. ...
Embattled Uber CEO Travis Kalanick takes indefinite leave of absence image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:36:50 PM
....Kalanick’s leave comes at a time of considerable turmoil for the ride-hail app. On Sunday, the board of directors voted unanimously to adopt the recommendations of a workplace review led by the law firm of the former US attorney general Eric Holder. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
.... Theresa May’s vision of a hard Brexit may be dying - let’s hope so - but the odds must also have shortened on a chaotic Brexit in which no deal is done because consensus proves impossible. In these circumstances, it would only be natural for a board of directors to adopt extreme caution when making investment decisions. ...
Uber silent on CEO’s future as it adopts Holder proposals image
Source : Guardian [Read Article] Monday 12th of June 2017 07:04:16 AM
. Uber’s board of directors has adopted a series of recommendations about the company’s corporate culture from the former US attorney general Eric Holder, but it was silent late on Sunday on whether it would approve a leave of absence for the taxi-hailing app service’s embattled chief executive. ...
Shell shareholders to vote for new climate change goals image
Source : Guardian [Read Article] Sunday 21st of May 2017 10:38:07 AM
.... The Guardian understands no major institutional investors intend to support it. A Shell spokesperson said: “We’re pleased the key proxy agencies share the view of Shell’s board of directors that the resolution is not in the best interests of the company, its shareholders or the fight to tackle climate change. ...
BT deserves credit – clawing back boss's bonus is common sense | Nils Pratley image
....Non-shareholders, though, have reasons to be cheerful. Broadband business Openreach, where Ofcom has applied its own governance shake-up by insisting on legal separation and a separate board of directors, will consult with rivals on how to invest more in fast fibre networks that run to customers’ doors. ...
Credit Suisse plans £3bn fundraising to boost capital image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:27:10 AM
....Mr Barua had estimated that the bank would raise 5bn Swiss francs. Earlier this month, Credit Suisse chief executive Tidjane Thiam and the bank's board of directors offered to cut their bonuses by 40%. ...
Credit Suisse bosses offer to cut their own bonuses by 40% image
Source : BBC [Read Article] Friday 14th of April 2017 01:30:19 AM
. Credit Suisse chief executive Tidjane Thiam and the bank's board of directors have offered to cut their own bonuses by 40% ahead of its annual meeting. ...
Wells Fargo takes back $75m from ex-executives after fake accounts scandal image
.... Under Stumpf, Wells operated in a decentralized fashion, with executives of each of the businesses running their divisions almost like separate companies. While there is nothing wrong with operating a large company such as Wells in a decentralized fashion, the board said, the structure backfired in this case by allowing Tolstedt and other executives to hide the problems in their organization from senior management and the board of directors. ...
Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
....The agreements between Tesco, the SFO and FCA are not an admittance by the company that it or any of its employees committed a criminal offence. The FCA has stated in a ruling that it is not suggesting the Tesco board of directors knew, or could reasonably be expected to have known, that the information in the company’s trading statement in August 2014 was false or misleading. ...
Bank of England deputy governor's future hangs in balance image
Source : Guardian [Read Article] Friday 10th of March 2017 07:18:25 PM
....”. Members of the Bank’s court, the equivalent of a board of directors which oversees its running, have acknowledged the seriousness of the situation. ...
Standard Life and Aberdeen in talks image
Source : BBC [Read Article] Saturday 4th of March 2017 05:42:59 PM
....Read more here. In a joint statement, the companies said: "It is envisaged that the board of directors of the combined group would comprise equal numbers of Standard Life and Aberdeen directors. ...
‘Shell knew’: oil giant's 1991 film warned of climate change danger image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:45:19 AM
....“They knew. Shell told the public the truth about climate change in 1991 and they clearly never got round to telling their own board of directors,” said Tom Burke at the green thinktank E3G, who was a member of Shell’s external review committee from 2012-14 and has also advised BP and the mining giant Rio Tinto. ...
What did Rolls-Royce directors know about bribery scandal? 'No comment' image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:00:30 AM
....The leadership of Rolls-Royce knew in 2010 about allegations regarding corruption within the company but decided not to notify the Serious Fraud Office, according to the damning judgment on the scandal from Lord Justice Leveson. The verdict raises questions for the board of directors at the time about the extent of their knowledge of irregular activities and why no action was taken. ...
HMRC empowered to name and shame tax evasion 'enablers' image
Source : Guardian [Read Article] Sunday 1st of January 2017 10:53:10 AM
....A new corporate criminal offence of failing to prevent the facilitation of tax evasion will also be introduced this year, with companies held liable if an individual acting on their behalf as an employee or contractor facilitates tax evasion. Previous rules meant a corporate criminal prosecution was only possible if there was proof that the board of directors were aware and involved in facilitating the evasion. ...
Christine Lagarde in court over €400m payout to French tycoon image
Source : Guardian [Read Article] Monday 12th of December 2016 02:26:44 PM
....” She added: “Was I abused, if so by whom? Perhaps we will know one day. ” She reminded the court that she had asked the IMF’s board of directors to waive her immunity from prosecution. ...
US bank quit Sports Direct role over share deal concerns, court filing claims image
....Bank of America Merrill Lynch had concerns about Sport Direct’s corporate governance and the “propriety” of share transactions in 2012 around its employee bonus scheme, according to allegations in legal filings by Jeff Blue, previously one of Ashley’s key allies. The claims raise further questions about the management of Sports Direct and the stewardship provided by the board of directors. ...
MPs expected to back regulations on privately-owned City businesses image
Source : Guardian [Read Article] Friday 25th of November 2016 08:01:10 PM
....3bn. The code recommends that public companies are overseen by a board of directors, the majority of whom are independent from the company and its executives. ...
Barcelona signs sponsorship deal with Rakuten image
Source : BBC [Read Article] Wednesday 16th of November 2016 06:52:02 PM
....It will earn the club at least £188m in that time, with more to come if the team wins the Spanish championship or the Champions League. "This agreement puts us at the forefront of sports club sponsorships, which has always been an objective for the current board of directors," said the Barcelona president Josep Maria Bartomeu. ...
Teach yourself image
Source : BBC [Read Article] Wednesday 16th of November 2016 12:34:33 AM
.... Perhaps this is what true educational leapfrogging looks like. Rebecca Winthrop, is a senior fellow and director of the Center for Universal Education at Brookings, and a member of the board of directors of the Fuller Project for International Reporting. ...
UK moves to block 'dirty money' flowing into City of London image
Source : Guardian [Read Article] Thursday 10th of November 2016 05:56:21 PM
....The FCA chief executive, Andrew Bailey, called on companies to make the UK a “hostile environment” for financial criminals by making better use of technology. The regulator was ticked off by the Treasury select committee earlier this week for the lack of technical experts among its board of directors, particularly in the light of the hack of Tesco Bank. ...
Tata Sons in new attack on ex-chairman Cyrus Mistry image
Source : BBC [Read Article] Thursday 10th of November 2016 10:35:28 AM
.... . Tata Sons wrote to TCS nominating Ishaat Hussain as chairman: "In view of this, Mistry has ceased to be the chairman of the board of directors of the company, and Hussain is the new chairman of the company. ...
Samsung HQ raided by prosecutors as South Korean political scandal deepens image
Source : Guardian [Read Article] Tuesday 8th of November 2016 09:09:17 PM
....“Samsung has become an embarrassment to Korea, where saving face is still a factor in reputation management,” said crisis management expert Jonathan Bernstein. “Samsung’s board of directors has to firmly take charge of the company’s direction now in order to reassure both internal and external stakeholders. ...
Unions call for speed in workers on company boards image
Source : BBC [Read Article] Sunday 2nd of October 2016 10:16:02 AM
...."The CBI is convening a group of members to shape our approach, and we call on government to work in partnership with business to make sure we find the solution that genuinely answers this question," he added. The Institute of Directors said having workers on the board of directors "can bring benefits in terms of better employee engagement", but said it should be voluntary. ...
Twitter shares soar almost 20% on takeover talk image
Source : BBC [Read Article] Friday 23rd of September 2016 02:04:28 PM
....com, the report said. Twitter's board of directors is open to a deal, which could come by the end of the year, according to CNBC. ...
Yum to sell a stake in its Chinese holdings image
Source : BBC [Read Article] Friday 2nd of September 2016 06:22:13 PM
.... . The decision to spin off Yum's Chinese business has been pushed by activist investor Keith Meister, who is a member of Yum's board of directors. ...
Delivering results image
Source : BBC [Read Article] Sunday 21st of August 2016 11:02:19 PM
....He is proud of his Mississippi heritage, and gives to charities in the state. He also regularly returns to Delta State University, where he is a member of the board of directors for the university's foundation, and sponsors an annual business conference at the college. ...
Barnes & Noble shares fall after boss sacked image
Source : BBC [Read Article] Wednesday 17th of August 2016 04:32:40 PM
.... . In a statement, Barnes & Noble said: "The board of directors determined that Mr Boire was not a good fit for the organisation and that it was in the best interests of all parties for him to leave the company". ...
Kim Dotcom plans 2017 relaunch of Megaupload image
Source : BBC [Read Article] Monday 11th of July 2016 10:36:39 AM
.... . He resigned from Mega's board of directors in 2013, and since then the company's other investors have taken control and run it separately. ...
Hershey rejects $23bn Mondelez takeover offer image
Source : BBC [Read Article] Thursday 30th of June 2016 09:26:53 PM
....Hershey's controlling shareholder, the Hershey Trust, is a $12bn charity created by the firm's founder in 1894. Hershey said in a statement: "The board of directors of the company unanimously rejected the indication of interest and determined that it provided no basis for further discussion between Mondelez and the company. ...
British business needs investment and vision. But most of all it needs purpose image
....Successful companies are defined by their capacity to deliver and pursue clearly defined visionary corporate purposes – to be the best, to do business that is sustainable, to serve humanity, to stretch every muscle to innovate. Those purposes are not just rhetoric: they are binding commitments on the whole of an enterprise, from the board of directors to the shop floor, that generate trust. ...
Alibaba membership of anti-counterfeit group suspended amid conflict claims image
....An anti-counterfeiting group said on Friday it was suspending Alibaba’s membership following an uproar by some companies that view the Chinese e-commerce giant as the world’s largest marketplace for fakes. The International Anti-Counterfeiting Coalition also told members it had failed to inform the board of directors about conflicts of interest involving the group’s president, Robert Barchiesi. ...
A Port Talbot buyout could transform industrial relations in the UK | Ian Greenwood image
....There is history here. The 1967 Iron and Steel Act provided employees with voting rights for the board of directors – including part-time worker directors who were not allowed to hold union office. ...
BP will ignore the anger at Bob Dudley’s £14m pay package at its peril | Stefan Stern image
....”. How did it come to this? How can a highly paid and sophisticated board of directors be so unaware of the views of its most important investors? BP is what used to be called a “blue chip” company – the best of British. ...
Valeant tells boss to 'co-operate' image
Source : BBC [Read Article] Monday 11th of April 2016 03:32:58 PM
....The committee said it was considering filing contempt charges against Mr Pearson for his failure to show up for a pre-hearing deposition. A statement from Valeant's board of directors said: "The board has requested Mr Pearson's co-operation in connection with a subpoena for deposition from the Senate Committee on Ageing prior to the committee's scheduled 27 April hearing,". ...
Should you ever ask for a pay cut? image
Source : BBC [Read Article] Thursday 7th of April 2016 05:08:35 PM
.... . At first glance, this may seem a little crazy - if your company's board of directors is prepared to pay you that much, why take less? . ...
From pricing analyst to board of directors in seven years image
Source : Guardian [Read Article] Thursday 7th of April 2016 01:09:01 PM
....”. Costello, who joined the board of directors in January, has also developed a team of internal energy assessors, enabling the business to offer energy auditing directly to clients rather than outsourcing to a third-party provider, which has increased profits. ...
Pension Protection scheme primed to bailout Tata steel workers and BHS image
Source : Daily Express [Read Article] Sunday 3rd of April 2016 12:01:00 AM
....The PPF is financed by a levy on all private sector employers that have a DB pension fund and even though it has reserves of £3. 6billion, it is understood that its board of directors will look at increasing the levy if it has to take on the pensions of British Steel and BHS workers. ...
Yahoo shareholder says board should be fired over 'atrocious' financial handling image
....Both sides will now begin canvassing supporters ahead of a vote at Yahoo’s annual meeting in June. “Yahoo today noted Starboard Value LP’s announcement of its intention to nominate nine director candidates for election to Yahoo’s board of directors at the company’s 2016 Annual Meeting of Shareholders,” said a company spokesperson in a press release. ...
Protecting children online: 'we need to empower young people to be their best digital selves' image
....There are so many individuals, companies, governments and organisations doing so many innovative and interesting things, and I’m honoured to work with several of them. I am part of the WePROTECT Children Online International Advisory Board, INHOPE’s Advisory Board, and the board of directors of the Cyber Security Alliance, the Technology Coalition and the Family Online Safety Institute. ...
Silicon Valley's gender problem extends beyond pay gap image
Source : Guardian [Read Article] Sunday 6th of March 2016 01:00:34 PM
....6% equal pay. That is intriguing given that only last month shareholders soundly defeated a shareholder proposal that would have required the company to increase the diversity of both its board of directors and its senior management team more aggressively. ...
HSBC to remain in London for at least 'a generation' image
Source : Telegraph [Read Article] Sunday 14th of February 2016 10:43:32 PM
...." . The unanimous vote by the bank's board of directors also means that HSBC will remain in the UK regardless of the outcome of the referendum on Britain's membership of the EU. ...
Credit Suisse chief asks for 'significant reduction' to annual bonus image
Source : Guardian [Read Article] Monday 8th of February 2016 05:44:20 PM
....5m a year, did not disclose precisely how much he wanted his bonuses to be reduced. But, he said: “I have asked the board of directors for a significant reduction in my bonus. ...
Lord King joins Aston Villa board image
Source : BBC [Read Article] Thursday 4th of February 2016 12:35:41 PM
. Former Governor of the Bank of England Lord King has joined the board of directors at Aston Villa. ...
Redstone steps down from CBS board image
Source : BBC [Read Article] Thursday 4th of February 2016 01:24:27 AM
. Sumner Redstone has stepped down from his position as executive chairman of the CBS board of directors. ...
Saudi Arabia confirms scheme to list Aramco, world's largest oil producer image
Source : Telegraph [Read Article] Thursday 7th of January 2016 03:21:16 PM
.... . Once the various options for the company have been reviewed, the findings will be presented to the company’s board of directors, which will make recommendations to Aramco’s supreme council. ...
Foreign firms dash to get in on Iran 'gold rush' – but US companies left out in cold image
....But Iran’s youthful population, promising internet sector and middle class consumer base could prove tempting for less capital-intensive enterprises. Jeff Furman, chairman of the board of directors at ice cream maker Ben & Jerry’s, said: “This is total speculation, but the companies that require less investment are the most likely to go in. ...
How to help your company prepare for climate change in 2016 image
Source : Guardian [Read Article] Friday 1st of January 2016 12:00:10 PM
.... The investor relations team needs to connect with the marketing department so that they can communicate more cohesively on issues including ESG disclosure, sustainability stories and stock performance. The board of directors needs to link up with the chief financial officer so that corporate governance and business accounting stay aligned with new scorecards and demands for transparency – and so the CFO understands and recognizes these metrics of business performance. ...
China Telecom boss Chang Xiaobing quits amid corruption crackdown image
Source : Guardian [Read Article] Thursday 31st of December 2015 07:39:25 AM
....The state-owned company told the Hong Kong stock exchange Chang had quit in relation to the investigation. “The board of directors hereby announces that Mr Chang Xiaobing has resigned from his positions as the executive director, chairman and chief executive officer of the company, with effect from 30 December 2015,” it said. ...
China establishes rival to World Bank image
Source : Telegraph [Read Article] Friday 25th of December 2015 12:21:38 PM
...." . It will be operational once its board of directors and executive council have met for the first time at an opening ceremony scheduled for January 16-18, the ministry of finance said. ...
Alistair Darling, former British chancellor, joins Morgan Stanley board image
Source : Guardian [Read Article] Wednesday 9th of December 2015 04:27:52 AM
. Alistair Darling, the former Labour chancellor of Britain, has been appointed to the board of directors at Morgan Stanley. ...
Alistair Darling joins Morgan Stanley image
Source : BBC [Read Article] Tuesday 8th of December 2015 10:31:03 PM
. Morgan Stanley has said former Chancellor Alistair Darling will join the bank's board of directors. ...
Sports Direct faces boardroom backlash as it swoops for more control at Findel image
.... . "The board of directors of Findel unanimously recommends that all shareholders vote against the resolution," the circular letter to shareholders said. ...
Clydesdale Bank kicks off stock market flotation image
Source : Telegraph [Read Article] Friday 27th of November 2015 12:10:52 PM
. The Clydesdale and Yorkshire Bank is set to float on the stock market in February, after the board of directors of its owner, the National Australia Bank, formally voted to go ahead with the sale. ...
Rolls-Royce chief ready to begin fightback with a pitch to the City image
Source : Guardian [Read Article] Sunday 22nd of November 2015 04:44:00 PM
....ValueAct wants Rolls to sell off its marine business, which makes engines and nuclear reactors for ships, submarines and the offshore oil and gas industry, to focus on making engines for passenger jets built by Boeing and Airbus. The investor is also pressing for a seat on the board of directors. ...
Brixton banks on community currency to boost local economy image
Source : Guardian [Read Article] Wednesday 18th of November 2015 12:23:41 PM
....Two months ago the Exeter pound was launched, on a similar model to the existing projects. Gill Westcott, chair of the board of directors of the project, says there are 30,000 units of the new currency in circulation. ...
Marriott agrees $12.2bn merger with Sheraton hotels owner image
Source : Guardian [Read Article] Monday 16th of November 2015 03:31:45 PM
....Arne Sorenson, Marriott’s president and chief executive, will take the same role in the combined company, whose headquarters will be in Bethesda. Marriott’s board of directors is to increase from 11 to 14, with the expected addition of three members of Starwood’s board. ...
Firms 'still bending rules': Enron boss image
Source : BBC [Read Article] Friday 6th of November 2015 12:56:22 PM
....". Calling himself the "chief loophole officer", Mr Fastow said that every deal he did at Enron was approved by its board of directors. ...
Facebook criticised for ‘worrying lack of transparency’ over climate change image
....Many companies still remain sceptical about the outcome from the UN summit in Paris. When asked if their board of directors would support a global climate change agreement to limit warming to below 2C, 805 companies said yes, while 111 said no. ...
Thomas Cook will be disappointed by King's damning verdict on reforms image
Source : Guardian [Read Article] Monday 2nd of November 2015 07:26:39 PM
.... Even so, not all medicines pass late-stage trials: $6bn for a development drug that is only just entering phrase three, and won’t be approved until 2018 at the earliest, seems an extremely rich price. Few major decisions taken by committee happen quickly, so perhaps we should not be surprised that the 19 members of HSBC’s board of directors want more time to decide whether to quit London. ...
TalkTalk cyber-attack not as bad as first thought, company says image
Source : Guardian [Read Article] Saturday 24th of October 2015 08:36:16 AM
....Related: TalkTalk hacking crisis deepens as more details emerge. Parry said: “The risks need to be reviewed regularly by the board of directors, who must ensure they know where the potential threats are coming from and are prepared in case the worst happens. ...
Hockey the fantasy economist may as well have farewelled Middle-earth | Greg Jericho image
.... First, why do we need to “live within our means?”. Any major company that was not in some level of debt, nor taking advantage of record low borrowing rates that Australia has at the moment, to both fulfil its obligations or to invest, would see its board of directors sacked. ...
Twitter appoint former Google advisor Omid Kordestani as chairman image
Source : Guardian [Read Article] Wednesday 14th of October 2015 02:26:36 PM
. Twitter has announced the appointment of former Google executive Omid Kordestani to its board of directors, serving as executive chairman. ...
Experian hack raises doubts about security of credit database, advocates say image
....Brian Krebs, a security researcher, interviewed several former Experian contractors, who told him that the high security standards held at the board level were not a part of its daily operations. “What the board of directors at Experian wanted security-wise and the security capabilities on the ground were two completely different things,” one contractor, Jasun Tate, told Krebs. ...
Glencore shares jump amid reports firm is open to offers image
Source : Guardian [Read Article] Monday 5th of October 2015 08:13:38 AM
.... The company said it was not aware of any information that would support such a rise. Glencore said: “The board of directors of Glencore plc has noted [Monday’s] increases in the price and trading volume of the shares of the company. ...
Bank of America shareholders fail to split CEO and chairman roles image
Source : Guardian [Read Article] Tuesday 22nd of September 2015 04:03:45 PM
....In 2009, BofA’s shareholders voted to strip the chairman title from then CEO Ken Lewis, as a vote of no-confidence in Lewis. BofA’s board of directors voted last year to combine the CEO/chairman roles again under Moynihan, saying the combined role was more appropriate for how the company was being managed. ...
AB InBev deal could unite Peroni and Budweiser under one roof image
Source : Guardian [Read Article] Wednesday 16th of September 2015 06:48:15 PM
....”. In response, AB InBev said: “AB InBev confirms that it has made an approach to SABMiller’s board of directors regarding a combination of the two companies,” it said. ...
Anheuser-Busch InBev plans $250bn tie-up with SABMiller image
Source : Guardian [Read Article] Wednesday 16th of September 2015 10:12:38 AM
....”. In response, AB InBev said: “AB InBev confirms that it has made an approach to SABMiller’s board of directors regarding a combination of the two companies,” it said. ...
United Airlines CEO resigns following federal investigation image
Source : Independent [Read Article] Wednesday 9th of September 2015 10:20:32 AM
....Mr Smisek will be replaced by Oscar Munoz as president and chief executive. Mr Munoz, who already has a seat on United’s board of directors, was the chief operating officer of CSX Corporation, a premier transportation company, prior to joining United. ...
Source : Reuters [Read Article] Wednesday 9th of September 2015 06:18:48 AM
....At a meeting held by lawmakers in Britain's parliament, credit union officials called for a fundamental rethink. Brian McCrory, secretary of the World Council of Credit Union's board of directors, said the proposals would lead to significant overcapitalisation, had no underlying rationale, and would undermine the viability of credit unions. ...
United Airlines chief executive steps down amid corruption investigation image
Source : Guardian [Read Article] Tuesday 8th of September 2015 09:34:45 PM
....The company said it would be able to “clawback” its severance payments if Smisek is convicted or pleads guilty to any crime involving “moral turpitude” related to his service at the company. Smisek will be replaced by Oscar Munoz, who has served on the board of directors for United Continental Holdings, Inc since 2010, and is an experienced executive who most recently served as president and chief operating officer of CSX Corporation. ...

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