Category: Corporate governance

Hess announces new director slate amid investor pressure

As the battle has unfolded in recent weeks, Hess shares have risen and shareholders could reap even more benefits as the dispute continues.  More »

Houston execs set to energize Hess in proxy fight

Two of the five replacement directors proposed in the Hess proxy fight are from Houston energy companies:  More »

Failure seems to pay for ATP execs

Wednesday’s column, available on houstonchronicle.com: What’s the price of failure? If you’re an executive at ATP Oil & Gas, it’s about five times the price of success. The bankrupt Houston company at the end of last year awarded hundreds of thousands of dollars in bonuses to top executives – members of the same management team  Read More  More »

Chesapeake CEO leaves mixed legacy

McClendon may define the company’s past, but he also laid the foundation for its future.  More »

Icahn nabs Transocean stake after Macondo settlement

Icahn typically invests in undervalued companies and uses his stake to force changes in management or corporate governance.  More »

Steffy: Chesapeake gives shareholders more say, CEO less pay

The board of Chesapeake Energy offered a stinging referendum on the leadership of chief executive Aubrey McClendon, embracing sweeping governance changes and slashing executive and director pay.  More »

Chesapeake: shareholders get more say, CEO less pay

The sweeping changes are a sign that the days of McClendon using the company as his personal financial playground are over.  More »

Judge strikes down rule capping speculative trades

The judge said the Commodity Future Trading Commission failed to show that trading caps were necessary.  More »

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 »