Board Representation News Today

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ITCs hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITCs promoter holding of 39.93%. BATs chief executive Tadeu Marroco stated last December that ITCs hotel business was not an area of interest for the British tobacco maker.

​The Vedanta group company has nine board members, of which five are women. Pointing out that there are barriers, including psychological, to inclusion of more women in the workforce, especially in male-dominated sectors of mining and manufacturing, Priya Agarwal Hebbar said, “It is also got to do with whether companies have the right policies to attract women.”

VF Corp, the owner of the North Face, Vans and Timberland brands, said on Tuesday it will appoint one new board member and select a second with input from activist investor Engaged Capital. Engaged, which has a 1.3% stake in VF, has been pushing for board representation and further restructuring since disclosing its position in the company late last year. Caroline Brown, who worked at investment firm Closed Loop Partners and was previously chief executive officer at Donna Karan International, ...

Discover the top 10 workplaces for diversity in America for 2024, based on Forbes' 'America’s Best Employers For Diversity 2023' report. Learn about the leading companies prioritizing diversity and inclusion initiatives.

  The Chief Executive Officer (CEO) of the Minerals Income Investment Fund (MIIF), Mr Edward Nana Yaw Koranteng has stated that...

A Breakdown Of MIIF’s Investment In Atlantic Lithium

The FTSE 100 index closed Friday up 1.25% to 7504 points, in line with European peers, lifted by an oil-price recovery from four-month lows and despite much-weaker-than-expected retail sales data,...

Days from an expected vote on public money for Brewers ballpark improvements the plan still lacks the 17 votes needed to pass in the Senate.

Board diversity — and disclosure — is poised to remain a focal point during the 2023 proxy season. Stakeholders continue to raise their expectations for board diversity of skills, expertise, gender, race/ethnicity and sexual orientation, along with transparent disclosure of the board’s composition. Boards are being asked to demonstrate that they represent the diversity of their company’s customers and employees and the communities in which their company operates.