Latest Corporate governance News

FILE - In this May 14, 2020, file photo, California Gov. Gavin Newsom discusses his revised 2020-2021 state budget during a news conference in Sacramento, Calif. Newsom and some of the state's legislative leaders were among the millions to score federal loans aimed to keep small businesses afloat during the pandemic A Northern California-based winery and hospitality company, PlumpJack, founded by Newsom received a loan worth $150,000 to $350,000 from the Paycheck Protection Program, a national rescue package aimed to help small businesses during the pandemic, according to records released on Monday, July 6, 2020. (AP Photo/Rich Pedroncelli, Pool)

Companies tied to California officials get US virus loans

Jul. 6, 2020 7:46 PM EDT

SACRAMENTO, Calif (AP) — Businesses tied to California Gov. Gavin Newsom, Lt. Gov. Eleni Kounalakis and two of the state’s legislative leaders were among those that received federal loans aimed at keeping small businesses afloat during the coronavirus pandemic, records released Monday showed. A...

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany.  (Sven Hoppe/picture-alliance/dpa via AP, file)

Wirecard headquarters raided in probe of accounting scandal

Jul. 1, 2020 5:04 AM EDT

BERLIN (AP) — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to the arrest of the company's longtime CEO and forced the firm to file for bankruptcy protection. Twelve prosecutors...

FILE- In this Aug. 22, 2018, file photo a chart on a screen on the floor of the New York Stock Exchange shows the rise of the S&P 500 index since 2009.  Once derided as fads that would force investors to settle for lower returns, funds that take into account environmental, social and corporate-governance issues have held up better than traditional funds this year. It's the latest march forward for what are known as ESG funds, and the industry expects the flow of dollars to accelerate into the field.  (AP Photo/Richard Drew, File)

Sustainable funds hold their own as markets tumble worldwide

Jun. 25, 2020 9:00 AM EDT

NEW YORK (AP) — A steadier and more sustainable way to invest. That’s how a growing cadre of fund managers pitch their approach, one that considers how companies perform on environmental, social and governance issues. Maybe they're right. Many such funds held up as well or better than their...

FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)

Wirecard goes bust as scandal puts focus on German oversight

Jun. 25, 2020 8:41 AM EDT

FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate...

German company Wirecard files for insolvency following accounting scandal

Jun. 25, 2020 4:41 AM EDT
BERLIN (AP) — German company Wirecard files for insolvency following accounting scandal.

Atlanta reality TV star charged with misusing relief funds

Jun. 24, 2020 5:31 PM EDT

ATLANTA (AP) — A reality television star who appeared on the show “Love & Hip Hop: Atlanta” was indicted Wednesday for allegedly using coronavirus relief funds intended to help small businesses survive to pay for luxuries such as a Rolls-Royce and custom jewelry, federal officials said....

FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)

Wirecard scandal puts spotlight on German company regulation

Jun. 24, 2020 4:34 PM EDT

FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate...

Arkansas man gets 5 years in prison for stealing $9 million

Jun. 24, 2020 10:30 AM EDT

LITTLE ROCK, Ark. (AP) — An Arkansas man who admitted stealing more than $9 million while working as an accountant for a manufacturing business has been sentenced to five years in federal prison. Edward M. Cooper pleaded guilty in January to bank fraud and admitted writing 138 unauthorized checks to...

FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money. (AP Photo/Matthias Schrader, file)

Ex-CEO of Wirecard arrested in scandal over missing billions

Jun. 23, 2020 11:10 AM EDT

BERLIN (AP) — The former CEO of German financial technology company Wirecard has been arrested on suspicion of misrepresenting the firm's finances in an accounting scandal that centers on a missing 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday. Markus Braun resigned on Friday after...

This May 23, 2020, photo shows rental vehicles parked outside a closed Hertz car rental office in south Denver. Hertz said Wednesday, June 17, it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. (AP Photo/David Zalubowski)

Hertz board scraps planned $500M stock sale amid SEC review

Jun. 18, 2020 4:42 PM EDT

Hertz has scrapped a plan to sell $500 million worth of stock, a move coming a day after the car rental company in the throes of bankruptcy reorganization disclosed that federal regulators were reviewing the proposed offering. In a regulatory filing Thursday, Hertz said that its board of directors determined that...