The hottest Corporate Governance Substack posts right now

And their main takeaways
Category
Top Business Topics
Robert Reich • 19752 implied HN points • 12 Jan 24
  1. The virtuous cycle of rising wages with productivity gains broke in the late 1970s, leading to stagnant incomes for most American workers.
  2. Corporate governance shifted in the 1980s, with a focus on maximizing shareholder returns, leading to massive job cuts and weakened worker bargaining power.
  3. Decline in union membership since the late 1970s has contributed to shrinking middle class as unions effectively negotiated better wages and benefits for workers.
lawrence’s Substack • 459 implied HN points • 09 May 24
  1. When public companies solicit shareholder votes, they must provide accurate and complete information in proxy statements to avoid being misleading or false.
  2. Tesla's April 17 proxy statement has critical flaws, such as omitting details about the DOJ investigation into Tesla's self-driving claims and failing to disclose pertinent information about Kathleen Wilson-Thompson's ties to the company.
  3. Legal challenges are expected regarding Tesla's attempt to reinstate Musk's 2018 compensation plan, especially due to deficiencies in the proxy statement.
lawrence’s Substack • 758 implied HN points • 21 Apr 24
  1. Tesla's recent actions have caused a shift in sentiment for the worse, leading to skepticism and concern about the company's future.
  2. The attempt to restore Musk's 2018 compensation package is under scrutiny and may face legal challenges, impacting Tesla's financial standing.
  3. Questions surrounding Tesla's Model 2 development, autonomy achievements, robotaxi plans, earnings, staff departures, and production decisions are crucial for understanding the company's direction.
lawrence’s Substack • 36 HN points • 13 May 24
  1. The Tesla board attempted to 'ratify' Musk's 2018 options package instead of granting a new one due to legal challenges and potential losses for the company.
  2. Creating a new stock options grant for Musk would lead to massive expenses for Tesla and put the company in financial jeopardy.
  3. Musk does not want a new package as the prospects for Tesla's stock price growth have diminished, making a new reward less appealing, and also resulting in potential tax issues for him.
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lawrence’s Substack • 279 implied HN points • 09 Apr 24
  1. Restoring Musk's 2018 compensation package could lead to lawsuits for breach of fiduciary duty and corporate waste
  2. Tesla's current business environment in 2024 is different, with increased competition and decreased public interest in electric vehicles
  3. Musk's tactics to boost Tesla's share price were unsustainable, leading to a declining market cap and questionable promises that were left unfulfilled
Asian Century Stocks • 884 implied HN points • 17 Jan 24
  1. Japan's corporate governance reforms, starting with Abenomics, have been driving positive change in the capital allocation practices of Japanese companies.
  2. The Tokyo Stock Exchange's new listing structure, especially the Prime Market, has raised standards for companies, promoting better corporate governance.
  3. The practice of naming and shaming low price/book ratio companies in Japan is pushing them to improve profitability, enhance investor communication, and comply with new capital allocation rules.
Zero Day • 839 implied HN points • 28 Jun 23
  1. The SEC has sent notices to SolarWinds' employees over potential legal action related to the Russian hack.
  2. Receiving Wells notices is rare, especially for a CISO, and can lead to penalties and restrictions on future roles.
  3. SEC is expanding its focus on cybersecurity breaches and companies may face consequences for misleading disclosures or failing to address vulnerabilities.
The Chancery Daily • 373 implied HN points • 19 Jul 23
  1. A settlement involving Elon Musk and Tesla is pending approval in the Delaware Court of Chancery.
  2. There are cases related to director and Elon Musk compensation known as 'Tornetta' that are interrelated.
  3. There is something unusual about the settlement which the author feels the need to address further.
SuperJoost Playlist • 176 implied HN points • 12 Oct 23
  1. John Riccitiello's exit from Unity may not be as positive as it seems, and it hints at larger issues.
  2. CD Projekt Red is seeing success with its Cyberpunk franchise, showing growth and positive reception.
  3. Ubisoft is working to address workplace toxicity, despite past issues, showing progress in creating a safer environment.
Navigating AI Risks • 58 implied HN points • 19 Jul 23
  1. The UN Security Council held a session to discuss the risks and benefits of AI, highlighting concerns over international stability and nuclear control.
  2. Corporate governance is important for AI labs to prioritize safety over profit, with innovations in structures like Anthropic's Long-Term Benefit Trust.
  3. China's new AI rules balance social stability and economic development, with stringent regulations on generative AI systems.
DirectorMoves • 58 implied HN points • 17 Jun 23
  1. Various director and CEO moves in companies like Honeywell, Gartner, HP Enterprise, and more.
  2. Gender diversity on boards has seen an increase in women representation in 2023.
  3. Notable CFO moves in companies like Walt Disney, Exelon, Imperial Oil Ltd, and more.
Nongaap Investing • 60 implied HN points • 15 May 23
  1. The Illumina-Grail brouhaha could involve fraud by omitting material facts about related party transactions.
  2. Corporate governance issues, like undisclosed financial relationships between decision-makers, are a significant concern in public markets.
  3. If proven, Illumina insiders may face consequences like disgorgement of profits, potential prison risks, and challenges from regulators.
Anxiety Addiction & Ascension • 39 implied HN points • 06 Mar 23
  1. Vanguard, the world's second-largest asset management firm, with $8 trillion AUM, has withdrawn from ESG, which is a significant move.
  2. There are signs of people waking up and pushing back against social engineering, like the ESG framework, showing a recalibration in public perception.
  3. Major financial institutions, like Vanguard and JPMorgan Chase, distancing themselves from ESG indicates cracks in the system and growing public awareness, potentially due to popular sentiment.
The Radar • 39 implied HN points • 25 Apr 23
  1. Authenticity in workplace culture leads to better results and engagement. Employees feel a sense of safety, invest more time and energy, and focus on long-term goals.
  2. Honesty is essential for building trust and equality within teams. Open communication loops prevent insularity and negative outcomes, like the Enron scandal.
  3. Companies often sacrifice their values for shareholder interests. Boards prioritize shareholder value over principles, leading to short-term cost controls and reduced transparency.
Nongaap Investing • 37 implied HN points • 22 Mar 23
  1. Silicon Valley Bank faced a significant spike in insider loans, raising concerns about VC conflicts of interest and Director independence.
  2. Approximately 38% of SVB's reported incremental venture debt went to start-ups affiliated with Directors, prompting questions on underwriting transparency.
  3. The lack of disclosure in the Proxy Statement and the concentration of loans to insider-affiliated start-ups suggest potential VC conflicts of interest impacting risk management.
Technology Made Simple • 39 implied HN points • 11 Feb 23
  1. Stock buybacks involve a company purchasing its own shares from the market, which can boost stock prices and reduce the number of shares in circulation.
  2. Stock buybacks are typically done by older, established companies with market dominance, in order to reward investors when they don't have resources for other investments.
  3. Controversies around stock buybacks arise from executives benefiting significantly from buybacks through stock options, while companies may conduct layoffs and seek government bailouts.