Keywords: Corporate Governance
SpaceX is preparing to go public with an initial public offering (IPO) that would significantly strengthen founder Elon Musk’s control over the company while sharply limiting traditional shareholder rights, according to filing documents reviewed by Reuters. Musk’s consolidated control The......
Air India’s search for a new chief executive officer is reportedly narrowing, with two main candidates emerging as frontrunners, according to sources familiar with the process. Vinod Kannan, an executive at Singapore Airlines, and Nipun Aggarwal, Air India’s current head of commercial operations,......
Italian luxury group Brunello Cucinelli has strengthened its internal controls on compliance with European Union sanctions following allegations concerning potential violations related to exports to Russia. According to its latest annual report, the company adopted a reinforced trade compliance system......
German specialty chemicals group Evonik has announced key leadership changes, appointing a new chief financial officer while extending the mandate of its current chief executive officer until 2030. The company confirmed that Michael Rauch will take over as CFO following a recent board decision. His......
The Financial Reporting Council has opened an investigation into the audit conducted by PwC on Digital 9 Infrastructure, highlighting growing scrutiny over audit quality in the United Kingdom. The probe focuses on the financial year ending in 2023 and will be carried out under the regulator’s......
A coalition of European investors led by the activist shareholder group Follow This is pressuring BP to maintain its climate-reporting commitments. The investors are urging shareholders to oppose plans to rescind climate-related decisions adopted in 2015 and 2019, which required BP to report on emissions......
Monte dei Paschi di Siena (MPS), one of Italy’s oldest financial institutions, has announced plans to propose a change in its leadership as part of efforts to improve internal coordination and governance. The decision comes ahead of a key shareholders’ meeting scheduled for mid-April, where......
Italy’s financial markets regulator has reportedly confirmed the legitimacy of all candidate lists submitted for the upcoming board renewal at Banca Monte dei Paschi di Siena, according to a source familiar with the matter. The decision by Commissione Nazionale per le Società e la Borsa......
India’s market regulator has initiated a preliminary review of former HDFC Bank chairman Atanu Chakraborty’s resignation letter to assess potential violations of rules governing directors of listed companies, according to sources familiar with the matter. In his letter, Chakraborty cited......
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