Tag: Corporate Governance
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Unacademy Slashes ESOP Exercise Window to 30 Days: What It Means for Former Employees
Overview: A Sharp Change in ESOP Policy In a move that has significant implications for former employees, Unacademy, the Bengaluru-based education technology company, has shortened the window to exercise vested stock options (ESOPs) to 30 days. Previously, departing employees reportedly had up to 10 years to exercise their ESOPs. The sudden change brings the rights…
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Delaware Supreme Court Reinstates Elon Musk’s $56B Tesla Pay Package
Overview: A Landmark Decision The Delaware Supreme Court has restored Elon Musk’s $56 billion Tesla pay package, a decision that reverses the prior ruling of the state’s Chancery Court and reaffirms a pivotal moment in executive compensation. The unanimous ruling published on Friday underscores the court’s view that Musk’s compensation plan aligned with long-term corporate…
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Delaware Supreme Court Restores Elon Musk’s $56B Tesla Pay Package
Overview The Delaware Supreme Court has reinstated Elon Musk’s $56 billion Tesla pay package from 2018, overturning the prior year’s decision by the state’s Chancery Court. In a unanimous ruling, the justices restored the long-controversial compensation plan, ruling that the board of directors acted with the business judgment and aligned interests of the company and…
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Ato Essien Emerges in Public: Capital Bank Founder Takes First Public Steps Since Jail Release
Former Capital Bank Founder Appears in Public After Jail Release William Ato Essien, the founder of the defunct Capital Bank, has appeared in public for the first time since his release from jail, according to sources familiar with the matter. Essien, who once headed a major financial institution in Ghana, had been under close public…
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The Prince Group and the Crisis Symbol: A Cautionary Tale from Southeast Asia
Introduction: A Crisis Reflected in a Corporate Gaze In recent weeks, conversations around The Prince Group have shifted from corporate glass houses to the broader societal reflections they provoke. The Prince Group, long seen as a powerhouse in certain Southeast Asian markets, has become more than a corporate entity—it is a symbol of a crisis…
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Steve Cahillane Named Kraft Heinz CEO
Kraft Heinz Announces New Chief Executive Officer The Kraft Heinz Company (Nasdaq: KHC) has named Steve Cahillane as its next Chief Executive Officer, with the appointment set to take effect on January 1, 2026. The leadership transition marks a significant moment for the Chicago-based food giant, as Cahillane brings a track record of strategic growth…
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Samherji boss downplays daily contact with Stefánsson
Overview The ongoing scrutiny of Iceland’s fishing giant Samherji has taken another turn as the company’s leadership rejects assertions about daily contact with former executive Stefánsson. In an interview-style statement, Thorsteinn Baldvinsson, identified as the company’s chief, directly challenges allegations that there were routine directives influencing business decisions, including potential bribery. He argues that what…
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Samherji Boss Downplays Daily Contact with Stefánsson
Background The ongoing controversy surrounding the Icelandic fishing giant Samherji has intensified as chief executive Thorsteinn Baldvinsson claims that daily contact with former or current executive Stefánsson was routine, not a conduit for illegal payments or bribes. In a statement that seeks to separate routine business chatter from illicit activity, Baldvinsson asserts that there are…
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Samherji Boss Downplays Daily Contact With Stefánsson Amid Bribe Allegations
Overview: A Closer Look at the Controversy The Icelandic fishing conglomerate Samherji is in the eye of a widening controversy following statements from its leadership regarding daily contact with prominent figures associated with allegations of bribery and improper influence. In a recent exchange, Thorsteinn Baldvinsson, the group’s chief, disputed accusations that there were emails or…
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Ardagh Holdings Board Changes and Interim CFO Appointment
Ardagh Holdings Announces Board Changes and Interim CFO Appointment Luxembourg, December 15, 2025 — Ardagh Holdings S.A. has announced significant governance updates, underscoring its ongoing strategy to strengthen leadership and oversight as it navigates a dynamic global packaging market. The company disclosed that two experienced executives, Galdino Claro and Richard Navarre, will join the Board…