corporategovernance

Norwegian Companies Scramble to Meet Gender Quota Regulations Ahead of Deadline

5 hours ago

In a significant push toward gender equality in corporate governance, Norwegian companies are racing against the clock to position more women in boardroom roles before the impending regulatory deadline. As the country's law mandates that at least 40% of board members in publicly traded companies must be women, firms across various sectors are feeling the pressure to comply.

UK Authorities Charge Five Individuals in Connection to Axiom Ince Collapse

3 days ago

The UK has taken decisive legal action against five individuals, indicting them on charges of fraud related to the collapse of Axiom Ince, a prominent professional services firm. The charges mark a significant development in the investigation surrounding the sudden downfall of the company, which had previously been involved in various sectors including legal and financial services.

Boohoo Investors Say No to Mike Ashley's Attempt for Board Seats

3 days ago

In a surprising turn of events, investors in Boohoo have collectively decided to reject the aggressive push by retail tycoon Mike Ashley for board representation. This move comes amid the ongoing evaluation of Boohoo’s strategic direction and leadership effectiveness, as Ashley, well-known for his controlling stake in Sports Direct, aimed to exert influence over the fashion retailer's future.

Prominent Companies Disavow Ties to Collapsed Firm Stenn

3 days ago

In a surprising turn of events, several high-profile companies have publicly denied any associations with Stenn, a financial services firm that recently collapsed under the weight of mounting financial difficulties. This development has significant implications not only for the reputation of the firms involved but also for the broader financial landscape as stakeholders grapple with the repercussions of Stenn's downfall.

Walton Family Secures Future of Walmart Ownership for Next Generation

4 days ago

In a significant development for the retail giant Walmart, the Walton family has announced plans to extend their ownership interest in the company to their next generation. This strategic move underscores their commitment to maintaining influence over one of the largest retailers in the world, which has been a cornerstone of the family’s legacy since its founding by Sam Walton in 1962.

ANZ's Outgoing CEO Faces Increased Pressure for Pay Reduction Amid Scandals

5 days ago

The departure of ANZ Banking Group's Chief Executive Officer, Shayne Elliott, has sparked a heated debate over the appropriateness of his severance package. As Elliott prepares to step down following a series of damaging scandals, calls have intensified for a substantial reduction in his bonus and compensation, reflecting the unrest among stakeholders and the public.

Luigi Mangione Returns to Pennsylvania Court Amid Ongoing Legal Battles

6 days ago

This week, Luigi Mangione, a prominent figure tangled in a series of legal issues, is scheduled to appear before the Pennsylvania court. The outcome of this court date is anticipated to have significant ramifications, not just for Mangione's personal interests, but also for broader implications within the legal and business communities in the region.

Becton Dickinson Settles SEC Investigation with $175 Million Payout

7 days ago

Becton Dickinson and Company, a prominent medical technology firm, has agreed to settle a significant investigation by the U.S. Securities and Exchange Commission (SEC) by paying $175 million. This decision comes as the company faced scrutiny regarding its financial reporting practices and alleged violations of federal securities laws.

WAMCO's Ken Leech Enters Not Guilty Plea in Major $600 Million Fraud Case

7 days ago

In a dramatic turn of events within the financial industry, Kenneth Leech, the President and Chief Executive Officer of WAMCO, has pleaded not guilty to serious charges in a staggering $600 million fraud case. The allegations against him have sent ripples through the market and raised eyebrows among investors and stakeholders alike.

Wamco’s Ken Leech Secures $10 Million Bail Amid U.S. Fraud Charges

7 days ago

In a significant development in the ongoing legal saga involving Wamco’s CEO, Ken Leech, a federal judge has granted him bail set at $10 million while he faces serious fraud allegations in the United States. This decision comes in response to the charges that accuse him of orchestrating a fraudulent scheme that allegedly resulted in substantial financial losses.