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Directors & Boards

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"Shell & peers have insisted switching away from oil & gas to cleaner energy sources will take decades as demand for transport, plastics grows. Investors have warned: oil companies often rely on forecasts that underestimate pace of change" reuters.com/article/ us-she ... #corpgov #esg

Directors & Boards @DirectorsBoards Directors & Boards

DirectorsBoards

Watchdog tasked with protecting investors by policing audits of public companies has slowed its work amid board infighting & staff departures, says whistleblower: Board hasn't had a permanent general counsel or enforcement director for 16 months wsj.com/articles/audit ... #corpgov

Directors & Boards @DirectorsBoards

BlackRock and Vanguard "have routinely opposed motions at fossil fuel companies that would have forced directors to take more action on climate change" theguardian.com/environment/20 ... #corpgov #ESG

World's top three asset managers oversee $300bn fossil fuel investments Data reveals crucial role of BlackRock, State Street and Vanguard in climate crisis

* Directors & Boards 353 followers 3w * Edited

The exit package is largely about control, corporate governance experts said. The buyout offer and hefty consulting fee from SoftBank, WeWork's largest outside investor, probably helped loosen Neumann's iron grip. The leasing start-up has seen its valuation implode, scrapped its ill-fated initial public offering and is preparing to lay off at least a couple thousand employees, according to reports.

"Adam Neumann will essentially get a king's ransom for grossly mismanaging the company on his way out," said Amy Borrus, deputy director of the Council of Institutional Investors. "This is a cautionary tale about the dangers of the dual-class share structure."

Directors & Boards @DirectorsBoards

"I never paid myself more than four or five times what my employees were making. I lived like my friends in my hometown of Spirit Lake, Iowa. I drove an older car, served as a scoutmaster and resided in a modest home. I had a good life." usatoday.com/story/opinion/... #esg #corpgov

I ran a business. I know a CEO doesn't need to make 1,000 times more than hi ... I ran a thriving business never paying myself more than five times what...

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