by aedmans | 2 Nov 2019 | Executive Pay
The Purposeful Company is a UK consortium that proposes evidence-based reforms to embed purpose into the heart of business (I serve on its five-person Steering Group). In October 2019, it released a study on reforming executive pay by replacing complex bonuses (known...
by aedmans | 30 Oct 2019 | Executive Pay
In early September 2019, Dutch telecoms firm KPN announced the appointment of Dominique Leroy as new CEO, to start in December. Leroy had been in charge of Belgian telecoms company Proximus for five years but sought a new challenge. However, later that month, news...
by aedmans | 30 Oct 2019 | Executive Pay
On 21 October 2019, Namal Nawana, the CEO of UK medical devices firm Smith & Nephew, resigned after 18 months at the helm because he wasn’t being paid enough. The stock price fell by 9% on the announcement, translating to £1.4b of value loss. Nawana...
by aedmans | 4 Oct 2019 | Executive Pay
US Council of Institutional Investors Policy on Executive Pay In September 2019, the Council of Institutional Investors, an influential association of US pension funds, foundations, and endowments, overhauled its policy on executive pay. The recommendations are...
by clare@gibit.co | 7 Oct 2017 | Corporate Finance, Corporate Governance, Executive Pay, Responsible Business
Imagine you’re the Minister for Education, deciding how large to make a school district. Smaller school districts offer parents more school choice. For example, in Boston, there are 70 school districts within a 30-minute commute of the downtown area, so parents...
by clare@gibit.co | 20 Jul 2017 | Corporate Finance, Corporate Governance, Executive Pay
One of the most fundamental concerns with corporations is that they focus on short-term profit rather than investing for the long-term. This is a particular concern in the 21st century, where innovation is particularly critical for competitive success. Moreover,...
