Keywords: Corporate governance


SpaceX IPO reshapes corporate control with unprecedented investor limits

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 CEO shortlist includes Singapore Airlines executive and internal candidate

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,......

Luxury Group Cucinelli tightens sanctions compliance controls after allegations

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......

Evonik appoints new cfo and extends ceo contract to 2030

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......

UK watchdog launches probe into PwC audit of digital 9 infrastructure

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......

Activist investors push BP to maintain climate commitments

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......

MPS proposes CEO change to strengthen governance and internal cooperation

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......

Italian watchdog validates all board nominations at Monte dei Paschi

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......

Indian regulator reviews HDFC Bank Chairman’s resignation letter

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......