According to the Wall Street Journal, Barker submitted his resignation less than one week after four board members left the $1.5 billion Kazakstan-based company. Coincidentally, two of the independent directors, Richard Sykes and Kenneth Olisa, were voted off the board by shareholders last week.
As a result of the moves, ENRC has launched a three-month...
Appointments Archive
According to the 2011 Preliminary CEO Pay Survey conducted by GovernanceMetrics International (GMI), total realized compensation and annual compensation for top executives increased 28 percent and 18 percent at the median level respectively, albeit still falling short of pre-recession levels. However, cash bonuses for the highest paid CEOs showed a shocking increase, skyrocketing to thr...
The chairman of Thailand’s Securities and Exchange Commission resigned today following a row over his alleged involvement with a group of activist shareholders.
Vijit Supinit stood down following the claim that he and several other people approached shipping company Thoresen Thai Agencies, calling for changes to its strategy and board.
The claim was made by Thoresen’s CEO Chandchutha Chandratat, who says the shareholders proposed that Supinit become the shi...
Shareholders have the right to know how compensation is calculated, and corporations should view say-on-pay votes as part of an ongoing effort to be more transparent with investors, AFLAC chairman and CEO Daniel Amos told financial industry executives at a conference in New York on Thursday.
Amos discussed the merits of increased transparency with investors when dealing wi...
Scott joined the company on May 23, 2011. He comes to Corporate Secretary with rich experience in financial and corporate governance journalism, and is set to lead expanded coverage of key areas crucial to corporate governance and compliance professionals.
Scott, who has more than 20 years of experience in journalism, joins Corporate Secretary from AOL DailyFinance, where he covered markets and investing news.
Before that, he spent two years co...
Uranium mining company Ur-Energy recently implemented a series of senior management changes, promoting Penne Goplerud to general counsel and corporate secretary as well as making several other moves. The Colorado-based, Amex-listed small cap tapped Goplerud to replace Paul Goss, who had been corporate general counsel and corporate secreta...
EADS North America, the world’s second largest aerospace and defense company, has recently appointed Paul Pastorek as chief general counsel and corporate secretary of the company’s legal department.
Pastorek is expected to direct the company’s legal activities, including the contracts, export control and compliance functions, while serving as secretary to the company...
After winning Corporate Secretary’s award for best governance professional in the small to mid-cap category last year, Steven Shapiro stated that ‘educating and listening are the keys to
success’. Here he talks to deputy editor Aarti Maharaj about some hot topics in governance.
How is your firm keeping up with the ever-changing regulatory landscape?
It’s certa...
Former Gartmore fund manager Sacha Sadan has joined Legal & General Investment Management (LGIM) and will serve as the firm’s new director of corporate governance.
Sadan is expected to start in his new role on June 6, 2011 and will report to the investment management firm’s interim chief executive, Kevin Gregory.
The appointment highlights LGIM’s ongoing efforts to ...
ALJs operate as independent judicial officers who rule on allegations surfacing from violations of securities law in public administrative proceedings. These professionals hold public hearings, similar to non-jury trials in federal district courts, issue initial decisions and have the authority to levy a series of sanctions, according to the SEC.
Before joining the com...
