Latest Corporate governance News

Who's behind voting-machine makers? Money of unclear origins

Jul. 12, 2019 3:34 PM EDT

RALEIGH, N.C. (AP) — The voting-machine makers that aim to sell their systems in North Carolina are largely owned by private equity firms that don't disclose their investors. The companies didn't want the public to know even that much. North Carolina's statewide elections board demanded the machine-makers'...

Jay-Z's companies sue NYC licensing company for fraud

Jul. 5, 2019 12:53 PM EDT

NEW YORK (AP) — Jay-Z's business entities sued a New York City licensing firm, claiming it cheated the companies as part of a "colossal accounting scandal." The lawsuit accuses Iconix Brand Group Inc. of lying about its finances when it made deals with the rapper's Roc Nation apparel company. There was no...

Woman pleads guilty in scheme to obtain tax return checks

Jul. 4, 2019 8:47 AM EDT

BALTIMORE (AP) — A Maryland woman has pleaded guilty to stealing government money as part of a conspiracy to fraudulently obtain tax return checks. In a Wednesday statement, federal prosecutors say Stephanie Twyman was part of the conspiracy using names and Social Security numbers of unemployed people to...

2 sentenced to prison for bank fraud in Nebraska

Jun. 26, 2019 5:04 PM EDT

OMAHA, Neb. (AP) — Federal prosecutors for Nebraska say two former business owners have been sentenced to prison for conspiracy to commit bank fraud. A news release from the U.S. Attorney's office for Nebraska says 57-year-old Charles Martin, of Bellevue, and 59-year-old Sherri Atkins, of Omaha, were...

New York comptroller urges changes at Facebook

Jun. 26, 2019 4:11 AM EDT

ALBANY, N.Y. (AP) — New York state Comptroller Thomas DiNapoli has written to Facebook CEO Mark Zuckerberg demanding big changes in corporate governance. DiNapoli, writing in his capacity as trustee of the state retirement fund, said he will vote against the nominees for Facebook's board of directors at...

Ivanka Trump, Kushner took in as much as $135M last year

Jun. 14, 2019 10:25 PM EDT

NEW YORK (AP) — Ivanka Trump and Jared Kushner took in as much as $135 million in revenue during their second year as aides to President Donald Trump, generated from their vast real estate holdings, stocks and bonds and even a book deal, according to their financial disclosures released Friday. Ivanka...

Proxy companies advise shareholders against Nissan's Saikawa

Jun. 12, 2019 4:48 AM EDT

TOKYO (AP) — Two investor research companies are advising Nissan shareholders to turn down a proposal to reappoint the automaker's chief executive, Hiroto Saikawa, as a board director, citing possible oversight problems at the Japanese automaker after the arrest of his predecessor Carlos Ghosn. A corporate...

Nissan slams Renault abstention on governance efforts vote

Jun. 10, 2019 8:26 AM EDT

TOKYO (AP) — Nissan chief executive Hiroto Saikawa criticized the Japanese automaker's French alliance partner, Renault, on Monday for trying to block changes to strengthen corporate governance following the arrest of former Nissan Chairman Carlos Ghosn. Nissan received a letter from Renault saying it...

Renault's FCA merger move leaves partner Nissan in the cold

Jun. 4, 2019 1:51 PM EDT

TOKYO (AP) — Some Japanese are using an old expression to describe how Nissan was left out of talks that led to the proposed merger between its French alliance partner Renault and Fiat Chrysler Automobiles: "kaya no soto." That translates to "outside the mosquito net," or the unlucky person outside the...