“On September 30, 2018, California became the first US state to mandate women directors on corporate boards. The passage of this law resulted in a significant decline in shareholder value for firms headquartered in California.” #corpgov https://t.co/hqZQCKw9a5
— Stefan Padfield (@ProfPadfield) October 22, 2018
“Prior studies document positive equal-weighted long-term returns and operating performance improvements following activist interventions, and typically conclude that activism is beneficial to shareholders.” #corpgov https://t.co/D9I2qWjRMa
— Stefan Padfield (@ProfPadfield) October 23, 2018
UK Supreme Court rules that “refusing to design a cake w/ a pro-gay marriage slogan did not constitute discrimination on the basis of sexual orientation.” https://t.co/MbpDQcxSld #corpgov
— Stefan Padfield (@ProfPadfield) October 23, 2018
“A bid by Goldman Sachs Group Inc. to settle a lawsuit over how much it pays directors was rejected by a judge who said that simply making changes in corporate governance didn’t provide enough benefit to the firm.” https://t.co/LqYhTn1cUj #corpgov
— Stefan Padfield (@ProfPadfield) October 23, 2018
“Malicious computer code used in a cyberattack against a petrochemical plant in Saudi Arabia has been linked by U.S. researchers to a research institute owned by the Russian government.” https://t.co/f02m6vGRZB #corpgov
— Stefan Padfield (@ProfPadfield) October 24, 2018