Recent articles

– The Wall Street Journal (paywall) reported that Facebook owner Meta Platforms was fined $1.3 bn by EU regulators for sending user information to the US. Meta’s top privacy regulator in the EU said in its decision that Facebook has for years illegally stored data about European users o...

Stephen Allen, senior vice president, general counsel and assistant secretary with ONEOK, will retire in mid-August 2023 having spent more than 17 years with the company. According to ONEOK, Allen is leaving the company to join GuideStone, a faith-based financial services organization. He will remain a ONEOK employee until the middle of August as the company seeks his successor, and will remain available to the firm and its management team on aspects of the recently...

Two shareholder proposals – one from the environmental leg of ESG and one from the social leg – each garnered around one third of shareholder votes cast at JPMorgan Chase & Co’s AGM last week. Governance professionals generally view such levels of support as significant, even though they are not majorities. According to an SEC filing, 34.8 percent of votes cast were in support of a proposal on climate transition planning. The resolution, filed by As You So...

– The Wall Street Journal (paywall) noted that companies are for the first time this year tabulating gains and losses in the stock awards that make up much of the pay packages for CEOs. In the past, companies have reported executive compensation as it was valued when executives receiv...