In this week’s Event Alerts for Responsible Investors, we included 20 companies whose ESG and accounting risk profiles have been affected by recent events. Download full Event Summary. Companies Environmental Social Governance Accounting Royal Dutch Shell Plc (AMS:RDSA) Ford Motor Company (NYSE:F) Bacterin International Holdings Inc (AMEX:BONE) Sony Corporation (NYSE:SNE) Chevron Corporation (NYSE:CVX) Wal-Mart Stores, Inc. (NYSE:WMT) PT [...]
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By Agnes Grunfeld Keynote address at the XBRL and Financial Analysis Conference co-sponsored by The New York Society of Security Analysts (NYSSA) and XBRL US Introduction Thank you for the introduction, Campbell. I feel a lot of pressure speaking here today. This is a historic moment in the development and adoption of XBRL. We’re past [...]
In this week’s Event Alerts for Responsible Investors, we included 20 companies whose ESG and accounting risk profiles have been affected by recent events. Download full Event Summary. Companies Environmental Social Governance Accounting Whirlpool Corporation (NYSE:WHR) Tokyo Electric Power Co Incorporated (TYO:9501) J.C. Penney Company, Inc. (NYSE:JCP) Vestas Wind Systems A/S (CPH:VWS) Transocean LTD (NYSE:RIG) Microsoft Corporation (NASD:MSFT) Delek US Holdings, [...]
By Kap Su Seol, Research Analyst The passage to India has been tumultuous for POSCO of South Korea. Its ambitious $12 billion steel-plant project hangs in the balance as locals and NGOs in the remote state of Odisha have been mounting fierce protests over land acquisition since 2010, when the world’s fourth-largest steel maker announced its [...]
By Damion Rallis, Senior Research Associate Last week it was reported that Czech utility company CEZ a.s. (PRG:BAACEZ) was facing problems in its southeastern European operations. Bulgarian electricity regulators announced significant price decreases following nationwide protests against high electricity prices that ended in the resignation of Bulgarian Prime Minister Boyko Borisov. On its own, a [...]
By James A. Kaplan Over the past year, GMI Ratings reached significant product-development milestones that have reinforced the firm’s leadership in environmental, social, governance (ESG) and forensic accounting research. The latest enhancements have made GMI Analyst, our flagship research platform, much more broadly relevant to all the market segments we serve. In particular, I’ll highlight [...]
In this week’s Event Alerts for Responsible Investors, we included 19 companies whose ESG and accounting risk profiles have been affected by recent events. Download the full event summary. Companies Environmental Social Governance Accounting BP plc (LON:BP. - US Listed) Honda Motor Co Ltd (NYSE:HMC) BBCN Bancorp Inc (NASD:BBCN) Alico, Inc. (NASD:ALCO) Orica Limited (ASX:ORI) Credit Suisse Group AG (NYSE:CS) [...]
By Damion Rallis, Senior Research Associate Less than a month ago, GMI released an article entitled “At Toyota the Song Remains the Same: More Recalls and No Independent Directors” in which we examined the company’s recent recalls vis-à-vis the company’s poor governance profile. We commented that “it is difficult to maintain faith in Toyota’s board [...]
Nell Minow joins Jesse Eisinger, reporter at ProPublica, covering Wall Street and finance (moderator); Martin Redish, NU Law; Robert A. Weinberger, Senior Fellow, Aspen Institute Initiative on Financial Security; former VP Government Relations, H&R Block; Chairman, Center for Responsive Politics; and Lynn Stout, Cornell Law.
In this week’s Event Alerts for Responsible Investors, we included 21 companies whose ESG and accounting risk profiles have been affected by recent events. Download the full event summary.
By Scott Patterson, Compensation Analyst Manager Starbucks Corporation’s founder and CEO, Howard Schultz joined the exclusive ranks of ConocoPhillips’ James Mulva and Apple’s Timothy Cook, after realizing pay of over $117.5M in FY2012. Given the runaway success of Starbucks, and Mr. Schultz’s long tenure, this number is not a surprise. However, the manner in which [...]
In this week’s Event Alerts for Responsible Investors, we included 19 companies whose ESG and accounting risk profiles have been affected by recent events. Download the full event summary.
By Agnes Grunfeld, CFA, Managing Director Since 2011, all US public companies have been required to submit their compensation plans to a periodic advisory vote by shareholders, which is commonly referred to as “Say on Pay.” A number of our clients have asked us whether “no” votes on Say on Pay seem to bear any relationship [...]
In 2011, Italy passed legislation requiring its public companies’ boards to be one-third female by 2015. A review of the boards of the forty companies in the FTSE Milano Italia Borsa (MIB) as of mid-February 2013 shows that these firms will have to make major changes in the next two years to comply with the [...]
By Damion Rallis, Senior Research Associate Since 2007, German multinational engineering and electronics giant Siemens AG (ETR:SIE; NYSE:SI) has been slowly recovering from a number of high-profile cases of price fixing and bribery. Issues of this magnitude, though resolved at the legal level, continue to dent the public image of Europe’s largest industrials company—Siemens was [...]
By Hoang Nguyen, Senior Research Analyst On February 23, 2013, The New York Times published a report detailing how major U.S. banks are aiding internet-based payday lenders that offer short-term loans with very high interest rates, and how they allow the lenders to operate from abroad to avoid state laws. According to the report, the [...]
By Solange Charas, Guest Blogger As Kimberly Gladman explained in an earlier blog post (less turnover better performance), I recently conducted a study that showed a correlation between GMI’s governance ratings and value creation at small and midsize public companies. My research also uncovered some intriguing new information about boardroom dynamics. The impetus for my [...]
By Damion Rallis, Senior Research Associate Shares at the embattled for-profit education company Apollo Group Inc. (NASD:APOL) continue to spiral downward, as the company said on Monday that The Higher Learning Commission (the group that accredits its University of Phoenix) recommended the university be placed on probation after determining it is too closely tied to [...]
Kap Su Seol, Research Analyst Japan’s biggest film studio, Toho Co. Ltd.’s Feb. 21 acquisition of Toho Real Estate Co., Ltd. offers a sneak preview of how battle lines are being drawn between the country’s corporate powers and governance advocates. Toho, owners of 58% of Toho Real Estate, bought the remaining shares for 16.6 billion [...]
By John Vizikas, Senior Research Analyst On Friday, Daniel Vasella’s chairmanship at Swiss drug maker Novartis ended with the conclusion of the company’s annual general meeting. Vasella’s tenure ended amid a rash of shareholder criticism regarding the now infamous “Vasella Golden Handshake,” which came to light only a week before the AGM. Under the now-cancelled [...]