Korea Herald (March 15)
Despite COVID-19, AGMs will go on in South Korea. “A total of 314 South Korean companies, including Samsung Electronics, Hyundai Motor and SK hynix, will hold shareholders meetings this week.” They are taking special “measures to counter concerns over potential spread of the coronavirus at the meetings.” For example, Samsung has moved the meeting from its headquarters to a convention hall and “asked shareholders to make extensive use of online voting” whereas SK hynix “will increase the distance between shareholders’ seats to 2 meters to minimize physical contact.”
Tags: AGMs, Coronavirus, COVID-19, Distance, Hyundai, Online voting, Physical contact, Samsung, Shareholders, SK hynix, South Korea
Institutional Investor (October 17)
Due to strained resources, the Securities Exchange Commission (SEC) is less likely to investigate insider trading that occurs further afield from its field offices. Traders seem to know this. “A 100-kilometer increase in distance between a firm and the nearest SEC office resulted in a 16.5 percent jump in illegal trades at that firm. Meanwhile, firms within 100 kilometers of the SEC were less likely to engage in these types of trades.”
Tags: Distance, Firm, Illegal trades, Insider trading, Investigate, Resources, SEC, Traders
New Yorker (August 17)
“Since last November, many business leaders, and even the representatives of some labor groups, have cooperated with Trump on the grounds that he is the duly elected President, and they want their voices heard in the White House’s policymaking process. But, in terms of reputational risk and personal moral calculus, the price of accommodating Trump” has increased dramatically. Trump now occupies a place in the political firmament where it is becoming almost as risky for corporate chieftains to associate with him as it is for them to distance themselves.”
Tags: Accommodating, Business leaders, Cooperated, Distance, Labor, Moral calculus, Policymaking, Reputational risk, Trump
Bloomberg (January 11)
“For many young people today, there’s a new rite of passage that’s bigger than learning to drive: getting your first phone number.” In 2014, only 77% of Americans aged 20 to 24, possessed a driver’s license, down from 92% in 1983. The ability of social media to bridge distance may be one factor accounting for the pronounced trend.
Tags: Distance, Drive:, Driver’s license, Phone, Social media, U.S.
