Corporate Governance
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TORONTO, April 4- SNC-Lavalin Group Inc, which has already changed its structure and executive team after a scandal-plagued year, said on Thursday four of its board members, including its chairman, will retire at its annual shareholder meeting.
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TORONTO, April 4- SNC-Lavalin Group Inc, which has already changed its structure and executive team after a scandal-plagued year, said on Thursday four of its board members, including its chairman, will retire at its annual shareholder meeting.
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Chesapeake Energy's search for a new chief executive to replace Aubrey McClendon may take longer than expected, a source told Reuters on Friday.
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*Banks remain pressured by fears of Cyprus capital controls. MOSCOW, March 27- Russian stocks edged up on Wednesday following three straight days of losses, with concerns over capital controls in Cyprus and corporate governance at leading oil producer Rosneft. Cyprus was expected to decide on capital control measures on Wednesday.
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LONDON, March 26- Britain's largest investor associations are teaming up to explore ways of giving shareholders a coherent voice in dealings with company boards on strategy and issues like executive pay.
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LONDON, March 25- Britain's biggest trade unions plan to use the shares owned by their pension funds to speak out in corporate governance debates at company meetings, amid public discontent at bumper payouts to corporate executives.
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LONDON, March 25- British insurer Aviva cut its directors' wage bill by more than a third last year as it tried to mend relations with shareholders who criticised it for excessive executive pay.
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BOSTON/ CHARLOTTE, March 25- Bank of America Corp Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires, under a new compensation policy that the bank instituted following investor pressure.
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*New UK law to give shareholders binding say on pay this year. DUBLIN/ LONDON, March 24- While politicians and public have fulminated against lottery-sized pay awards in Europe's boardrooms, fund firms, which wield the real power, are less concerned by such excesses and unlikely to use new powers to revolt on remuneration.
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The central bank is hoping to change a deeply ingrained habit on Wall Street: awarding bonuses to senior executives based in part on whether the company's performance lagged or beat rivals. The Dodd-Frank financial reform law charged the Fed with implementing new rules about Wall Street pay.
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SEOUL, March 22- The jailed chairman of South Korea's SK Holdings Co Ltd was re-elected to the board of its major shareholder on Friday in defiance of the state pension fund, which aims to clean up corporate governance in Asia's fourth largest economy. SK C&C controls SK Holdings, a unit of South Korea's third-largest conglomerate SK Group.
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March 20- Proxy advisors should share drafts of their work with public companies and fund managers should be aware of proxy advisors' potential conflicts of interest, according to proposals offered by the U.S. Chamber of Commerce on Wednesday.
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March 20- Proxy advisors should share drafts of their work with public companies and fund managers should be aware of proxy advisors' potential conflicts of interest, according to proposals offered by the U.S. Chamber of Commerce on Wednesday.
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It was a common fixture on leading proxy voting web sites like Broadridge Financial Solutions Inc's proxyvote.com, and similar ones like those run by Computershare Ltd and a unit of Wells Fargo& Co.. "You have to give people a real choice," said Charles Elson, who directs a corporate governance center at the University of Delaware and has followed the debate. "
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FRANKFURT, March 19- Germany's corporate governance commission is on the lookout for a new chairman after Klaus-Peter Mueller told fellow members he plans to step down from the post this summer, two people familiar with the commission's thinking said on Tuesday.
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March 18- Morgans Hotel Group Co:. *Responds to notice from otk associates, llc. *Corporate governance and nominating committee will carefully review the.
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This is by far the largest insider trading penalty ever, reports CNBC's Scott Cohn.
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MGS's rating reflects its' important' subsidiary status within Mapfre SA. Fitch believes Mapfre SA's ownership provides expertise to MGS in corporate governance, risk management and process improvement. The agency also believes that being part of Mapfre SA adds extra financial flexibility to MGS.
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ZURICH, March 15- Credit Suisse chief Brady Dougan does not see major problems from Swiss plans for strict curbs on executive pay, nor is he concerned about warnings of an exodus of bankers due to the European Union's plans to cap bonuses.
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*Company has been under fire by investor TPG-Axon* Four TPG-Axon-nominated directors join SandRidge board* Board to review land deals by CEO Tom Ward* Board to decide Ward's fate by June 30 By Michael Erman and Anna Driver.
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*Board to review land deals by CEO Tom Ward. *Board to decide Ward's fate by June 30. March 13- SandRidge Energy Inc and activist hedge fund TPG-Axon Capital struck a deal on Wednesday that could lead to the removal of the oil and gas company's chief executive, Tom Ward, SandRidge said.