Tag:
Audit Committee
Latest Headlines
Latest Headlines
Directors of failed banks reemerge
In the wake of the financial crisis and bank bailout, bank directors have taken a lot of criticism. In some cases, banks have worked hard to rebuild their boards. We've seen many turnovers on the Citigroup board and the Bank of America board, for example.
But as the New York Times suggests
Citi to shake up its board
Most people assume regulators are behind the really big moves at Citi--like last week's executive suite shake-up. Now comes news that the board is being tinkered with as well; which many will see as good news.
The Financial Times reports that Jerry Grundhofer, former chief of US Bancorp, i
Fodder for Goldman Sachs conspiracy theorists
The New York Times reports that AIG CEO Edward Liddy, while receiving just $1 in salary, holds a $3 million stake in Goldman Sachs. Liddy built the position while working as a director; he was on the audit committee. He later took the CEO job at the behest of Goldman Sachs alum and then-Treasu
Battle brewing over Citigroup board?
Citigroup has certainly tinkered with its board--most notably by installing Richard Parsons as chairman and nominating four new directors to be voted on at the April 21 meeting. But not all shareholders are satisfied.
Now, proxy advisory firm RiskMetrics has recommended that shareholders vote
