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12 Mar 2012, 7:44 pm by Kevin Funnell
A recent article in Bank Safety & Soundness Reporter (paid subscription required) claims that while Dodd-Frank focused federal bank regulators on incentive-based compensation at the largest banks, bank examiners "are using safety and soundness criticism and the threat of formal action to micromanage not only the incentive plans, but also the base salaries of bank executives and directors. [read post]
4 Feb 2010, 6:26 am by Banking LawProf
My Corporate Governance class is discussing responsibilities of corporate Boards of Directors. [read post]
14 Jan 2010, 5:32 pm by Banking LawProf
On Jan. 12, 2010, FDIC's Board of Directors voted to publish an Advance Notice of Proposed Rulemaking about incorporating executive compensation structures into the deposit insurance risk assessments paid by insured financial institutions. [read post]
15 Jun 2010, 9:53 am by Francis G.X. Pileggi
., No. 530, 2009 (May 21, 2010), read opinion here, issued a unanimous en banc decision affirming the Court of Chancery’s approval of a settlement among a majority of Countrywide stockholders, Countrywide directors, and Bank of America (“BOA”), related to Countrywide’s merger with BOA. [read post]
“Continuing directors” are persons who were on the board when the debt contract was entered into or replacement directors who were approved by a majority of those directors or their approved replacements. [read post]
22 Jul 2019, 3:08 pm by Kathleen Scott (US)
However, the definition of “affiliate” in the Volcker Rule could result in a non-US banking entity being deemed to “control” the non-US fund because of a large ownership in the fund, or the non-US banking entity selects the board of directors of the fund, or acts as a general partner or trustee of the fund. [read post]
14 Jan 2011, 10:56 am by Steve Bainbridge
A survey of eight US major financial institutions, for example, found that two thirds of directors had no banking experience. [read post]
1 Oct 2008, 12:15 pm
Court decisions issued over three years were generally grouped according to categories of defendants: auditors, banks, law firms, and one shareholder on Parmalat's board. [read post]
2 Oct 2018, 3:00 am by John Jenkins
Another notable change is from Deutsche Bank Trust Co Americas/TA, which has made an appearance in the top five for the very first time. [read post]
1 Dec 2020, 2:31 pm by Kevin LaCroix
Ozuma and Banks later shared their experiences on Twitter and in media interviews. [read post]
4 Jan 2011, 10:31 am by James Hamilton
Other members of the Group were Callum McCarthy, former Chair of the UK Financial Services Authority and Otmar Issing, a former member of the executive board of the European Central Bank. [read post]
25 Jun 2021, 12:08 pm by Tom Kosakowski
At its Annual General Meeting on June 16, 2021, the Forum of Canadian Ombudsman (Forum Canadien des Ombudsmans) elected directors and officers for two year terms:President — Nadine Mailloux, Ombudsman of MontrealVice-President — Craig Thompson, Patient Ombudsman, Office of the Patient OmbudsmanTreasurer — Sophie Petrillo, Ombudsman, Hydro OneSecretary — Lori Ciani, Chief Complaints Officer and Accessibility Officer, Amex Bank of Canada / Amex Canada… [read post]
2 Jul 2013, 9:23 am by Tom Kosakowski
At the Annual General Meeting in Halifax, Nova Scotia on June 11, 2013, FCO elected a Board of Directors and Officers to two-year terms. [read post]
1 Jan 2022, 4:47 pm by Tom Kosakowski
A new slate of directors will now be elected in time to relieve the current board after an unprecedented 24-month term. [read post]
2 Mar 2015, 12:10 pm by Matthew Orso
Further, federal law requires banks to report to the board of directors when a SAR has been filed. [read post]
28 Aug 2023, 9:01 pm by renholding
Dep’t of Just., Two Pinterest Directors Resign from Nextdoor Board of Directors in Response to Justice Department’s Ongoing Enforcement Efforts Against Interlocking Directorates (Aug. 16, 2023), https://www.justice.gov/opa/pr/two-pinterest-directors-resign-nextdoor-board-directors-response-justice- departments-ongoing; Press Release, U.S. [read post]
2 Dec 2020, 3:00 am by John Jenkins
Specifically, all companies will be expected to have one diverse director within two years of the SEC’s approval of the listing rule. [read post]
14 May 2021, 6:07 am
Kling, Wachtell, Lipton, Rosen & Katz, on Friday, May 7, 2021 Tags: BanksBoards of Directors, Financial institutions, Mergers & acquisitions, Shareholder activism, Shareholder voting How Should Performance Signals Affect Contracts? [read post]