Category: Corporate governance

FERC says JPMorgan power-trading unit faces suspension

The order is part of FERC’s effort to eliminate manipulation of the electricity market.  More »

CEO of DCP Midstream General Partner resigns

The CEO of DCP Midstream’s general partnership, Mark Borer, has said that he will resign at the end of 2012, the company announced Tuesday morning in a written statement.  More »

2 quit Duke board, say new CEO needed

Hours after the merger deal was done, the top Progress Energy executive who the companies had promised for 18 months would lead the combined company was out.  More »

Weatherford estimates $100 million charge in 2nd quarter

The charge would settle allegations of improper sales to nations with sanctions.  More »

Duke to NC regulators: CEO’s term not guaranteed

Duke Energy Corp.’s surprise CEO said Tuesday that America’s largest electric company dumped Progress Energy Inc. CEO Bill Johnson the same evening it was created in a merger because directors of the two merging corporations worried about Johnson’s authoritarian style and being forced to pump billions into a troubled Florida nuclear plant.  More »

Dynegy Inc. makes bankruptcy filing

Long-struggling power producer Dynegy Inc. filed for bankruptcy, joining its subsidiary that filed for Chapter 11 protection last year. The parent company will merge with its Dynegy Holdings unit as part of a plan to reorganize both companies.  More »

Nabors shareholders approve director proposal

Columnist Loren Steffy details today’s vote by Nabors Industries shareholders today in favor of a proposal that could give them more latitude in nominating candidates for the drilling contractor’s board.  More »

Judge considers delaying Chesapeake annual meeting

An attorney said a shareholders’ meeting scheduled for Friday should be put off to give Chesapeake Energy Corp. more time to provide shareholders with the information they need to determine whether the company’s board of directors has been doing its job.  More »

Chesapeake shareholders will select four new board directors

Chesapeake Energy has agreed to let its two largest investors appoint four independent board members as the natural gas company continues to face scrutiny of its corporate governance.  More »

Activists gathering at Chevron’s annual meeting

Activists held a press conference and teach-in on Tuesday in San Franciso, and plan to protest outside the gates of Chevron headquarters during Wednesday’s meeting. Some will try to enter the meeting and address shareholders directly.  More »

Chesapeake governance issues a factor for Oil India

Oil India Ltd., armed with as much as $1.3 billion cash for acquisitions, will consider Chesapeake Energy Corp.’s “corporate governance issues” before investing in the explorer’s shale assets in the U.S.  More »

Chesapeake’s employees may be hit hardest by stock’s plunge

Thousands of the embattled natural gas company’s employees have their retirement tied up in Chesapeake stock.  More »