Financial Times (June 10)
“The depth of collusion between Toshiba, the Japanese government and the former investment head of the world’s biggest pension fund to influence board nominations last year has been laid bare by an independent probe” and “represented an attempt to unfairly restrict the exercise of shareholder rights.”
Tags: Board, Collusion, Depth, Exercise, Fund, Government, Independent, Influence, Investment, Japan, Nominations, Pension, Probe, Restrict, Shareholder rights, Toshiba, Unfairly
Institutional Investor (July 5)
“Behind the best performing endowment funds are investment committees stacked with professional investors in alternative asset management, according to new research which found that “Board expertise within alternatives broadly and private markets specifically was proven to lead to higher performance among endowments.”
Tags: Alternative asset management, Board, Endowment funds, Expertise, Investment committees, Investors, Performance
Wall Street Journal (March 23)
“A majority of the board has been in place for at least 10 years” at nearly a quarter of the largest companies in America. This is prompting investor concerns. “Long-tenured directors can offer companies institutional memory and deep insight into company operations across a variety of economic and competitive environments…. Yet some investors worry that longtime board members may grow too close to the companies and management teams they are supposed to oversee, and lack the critical eye and fresh ideas that newer directors likely bring.”
Tags: Board, Concerns, Critical eye, Directors, Fresh ideas, Insight, Institutional memory, Investors, Management, Operations, U.S.
