Browsing All posts tagged under »Corporate governance«

Thoughts on the Glencore IPO

April 18, 2011

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“Glencore is a leading integrated producer and marketer of commodities. The Company is active in every step of the supply chain in metals and minerals, energy and agricultural products. Glencore produces, sources, processes, refines, transports, stores, finances and supplies commodities used by the world’s industries.”  In the year-ending December 2010 the company earned net income of $3.8bn on […]

Which Corporate Governance Factors Impact Shareholder Returns?

November 15, 2010

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Lucian Bebchuk, Alma Cohen and Allen Ferrell of the John M. Olin Center for Law, Economics and Business at Harvard University published a study in 2004 entitled What Matters in Corporate Governance? They studied twenty-four different governance provisions and tested for correlations with firm value and stockholder returns.  They found that only six corporate governance […]

How Company Chief Executives Get Lucky with their Stock Option Grants

September 30, 2010

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The cynic within me has always believed that company board remuneration sub-committees are always working hard to find excuses to maximise the amount of shareholders’ cash awarded to the executives (and to themselves) in the form of salaries, bonuses, pensions, option-grants, and various parachute payments to protect the management teams’ wealth when things happen to […]

How Corporate Directors Are Punished For Dissent

September 2, 2010

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An insightful new piece of research from Cassandra D. Marshall at Kelley School of Business, Indiana University entitled “Are Dissenting Directors Rewarded?” shows that corporate directors that resign from their post in protest pay a penalty in the job market over the following five years and that “that the average director [who resigns in dissent] […]