Del artiklen:

Derfor bliver equity crowdfunding en succes: Andrew A. Schwartz , Associate Professor at University of Colorado Law School, vurderer, at crowdfunding har rigtig gode muligheder for at blive en succes: ”In my recent article, The Digital Shareholder, I provide reason to expect that securities crowdfunding may actually succeed, despite the legitimate concerns of critics. My argument is premised on the first principles of entrepreneurial finance, famously laid down by Professor Ronald Gilson. [7] According to Gilson, there are three fundamental problems that all systems of entrepreneurial finance must confront and overcome in order to succeed: Uncertainty (it is impossible to predict how a startup will perform); information asymmetry (entrepreneurs necessarily know much more than investors about their business); and agency costs (entrepreneurs will be tempted to shirk and engage in self-dealing). This well-known “trio of problems” applies directly to crowdfunding, where they will present themselves in extreme form due to the very early stage of the companies involved.”

Sådan fastholder selskaber de “gode” investorer via The New paradigma in Corporate Governance: Advokat Martin Lipton fra det store amerikanske advokatfirma Wachtell, Lipton, Rosen & Katz skriver, at ”a number of these investors are significantly expanding their governance departments so that they have in-house capability to evaluate governance and strategy and there is no need to outsource to ISS and activist hedge funds. The following is a summary consolidation of what these investors are saying in various forums. Clearly articulated plans are necessary to gain and keep the support of these investors. A company should not leave an opening for an activist with a more attractive long-term plan.Board participation in the development and approval of strategy should be effectively communicated in letters to these investors, annual reports and proxy statements. The description should include the major issues debated by the board and how they were resolved. A company should recognize that ESG and CSR issues and how they are managed are importantto these investors. A company should develop and communicate its procedures for engagement by management and directors with these investors. In addition, a company should facilitate direct engagement with directors by these investors who request it. These investors do not favor stock repurchases at the expense of long-term investment.”
Engelsk regnskabsråd fremlægger diskussionsoplæg om bestyrelsens successionsplanlægning:
“the FRC published a discussion paper on UK board succession planning, focusing on board succession for executives and non-executives of those companies to which the UK Corporate Governance Code applies. The FRC anticipates that feedback will contribute to six key areas: 1) Business strategy and culture: The FRC seeks views on how succession planning can be linked to the development of business strategy and company culture, and how that link can be reported on in practice; 2) The Nomination Committee: The FRC is requesting opinions on whether the Code is sufficiently clear on the role and responsibility of the committee; 3) Board evaluation: The FRC seeks suggestions of practical changes that could help ensure that boards fully consider succession planning within the annual evaluation process; 4) The pipeline for executives and non-executives: The FRC wants to gain more information on how companies review their internal talent; 5) Diversity: The FRC is seeking ideas on how a succession plan could incorporate and deliver diversity objectives; and 6) The role of institutional investors: The FRC seeks views on the experience that companies or investors may have had in terms of engagement about the introduction of new talent to a board”.

“Slavery Act”. Store virksomheder skal fremlægge erklæring om trafficking og slaveri: Ny engelsk lovgivning pålægger store virksomheder at rapportere i overensstemmelse med ”Modern Slavery Act 2015”: ”The Modern Slavery Act (Transparency in Supply Chains) Regulations 2015 sets the figure of £36 million as the global turnover above which businesses will, under the MSA, have to publish a slavery and human trafficking statement each year. This requirement came into force on 29 October 2015. The MSA makes clear that the total turnover is the annual global turnover. It will include the turnover of the commercial organisation and that of its subsidiaries. It is not limited to turnover in the UK.”

Morten W. Langer

Del artiklen:

Skriv en kommentar

Please enter your comment!
Indtast dit navn her