#shareholder-rights
#shareholder-rights
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#corporate-governance #elon-musk #spacex #ipo #tesla #nasdaq-investigation #ipo-governance #dual-class-voting
#spacex
SF politics
fromFortune
17 hours agoSpaceX is about to go public. It could set records as the least shareholder-friendly public company of all time | Fortune
The IPO governance structure heavily favors executives and founder control, limiting shareholder rights and drawing regulatory and investor criticism.
fromwww.theguardian.com
4 months agoEnd of shareholder revolt register will help UK firms bury pay controversies'
UK-listed companies will be able to bury controversies over executive pay for the first time in eight years, a thinktank has warned, after the Labour government shut down a public tracker meant to curb abuses and excess in the boardroom. The public register was launched under the Tory prime minister Theresa May in 2017 to name and shame companies hit by shareholder revolts at their annual general meetings (AGMs). That included rebellions over issues such as excessive bonuses or salary increases for top earning bosses.
UK news
US politics
fromFortune
5 months agoTurning public companies into private companies: the SEC's retreat from transparency and accountability | Fortune
A proposed plan would shrink public-market accountability by reducing disclosure, limiting shareholder influence, and restricting litigation, effectively privatizing public companies' governance.
fromFortune
9 months agoTesla shareholder group urges probe, 'appropriate remedial action' from Nasdaq over Elon Musk's $29 billion pay package
In the latest twist in a long-running battle over Elon Musk's compensation at Tesla, the SOC Investment Group has requested that Nasdaq formally investigate "and take appropriate remedial action" against Tesla for its recent $29 billion equity grant to the CEO. In a letter to Nasdaq, the group raised concerns about compliance with executive compensation rules and shareholder transparency. The SOC group, formerly known as the CtW Investment Group, works with pension funds sponsored by a coalition of unions representing over two million members;
Business
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