US companies should review ‘pale, male and stale’ boardroom

Shareholder advisor ISS advises refresh of tired boardroomShareholder advisor ISS advises refresh of tired boardroom

Corporate governance advisor ISS is recommending that the United States’ top companies – including Alphabet and Berkshire Hathaway – should review their board recruitment policies to reflect increased diversity. As part of its latest annual survey, ISS canvassed opinions on boards where long-serving directors were the norm in a bid to promote changes in investor voting guidelines. In a recent Financial Times (FT) analysis of research data, more than a quarter of the American boards tracked fielded boards with a high proportion of older, long-serving directors. Read more…

Is the honeymoon period over for tech companies?

Tech companies forced to face up to responsibilitiesTech companies forced to face up to responsibilities

For a long time, technology companies have basked at the top of the commercial hierarchy. Software giants such as Microsoft who’ve come to prominence as a result of the innovation of their geeky founders, making money as if they were printing it and pushing their tech agenda to number one position on the cool list. The workaday compliance issues, environmental problems and industry regulations that hound other, less glamorous, sectors haven’t wiped the gloss of this one, until now. Read more…

 

Which way now for VW after global emissions scandal?

Car manufacturer Volkswagen facing fallout from cheating emissions testsVolkswagen facing fallout from cheating emissions tests

Car manufacturer Volkswagen is facing public condemnation after stories emerged that the company had rigged its diesel vehicles’ performance in emissions tests. A number of staff have been suspended as investigations continue and shares have plummeted following admissions that 11m cars were fitted with devices designed to disrupt testing. VW has set aside €6.5bn to fix the issues but will likely face punitive fines from US regulators, as well as legal action from customers and shareholders all over the world. Read more…