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...Moves include the departure of the bank’s group chief legal officer and general counsel, Gideon Moore, and the exit of its director of strategy and corporate development, Matt Austen, according to a note...
...The bank said in a statement that any decision to build its “internal capacity” in nuclear power would require broad shareholder support from the World Bank’s Board of Executive Directors, with board decisions...
...The bank also appointed another Goldman veteran, Tom Montag, chair of the risk committee....
...Applications opened this month to replace senior independent director Ben Tidswell, a lawyer who chaired the committee overseeing two Horizon compensation schemes....
...He officially stepped down as Morgan Stanley chief executive at the start of the year and was replaced by Ted Pick, though he remains executive chair of the bank’s board of directors....
...In deciding Fraser’s pay, Citi said the compensation committee at its board of directors had also considered “competitive market levels of pay for CEOs of peer institutions”....
...the variable compensation of several current and departed Management Board members”....
...Bank leaders spend a lot of time ensuring smooth transitions and forestalling open displays of acrimony. As president Lyndon Johnson said in declining to remove FBI Director J....
...BP board member Tushar Morzaria, who was previously group finance director at Barclays, will take up Reynolds’ role as chair of the remuneration committee on an interim basis....
...He said ‘I’m not being supported by the board . . . I’m going to resign’,” Staunton told the committee....
...Belloni, who has worked at Arnault’s side for 23 years, will step back from his role as group managing director and chair of the executive committee....
...Tidswell chairs the committee overseeing two compensation schemes for affected sub-postmasters and is also a member of the remuneration committee....
...But what will make a real difference is when Judge McCormick’s mindset permeates the decisions of compensation committees....
...IMF managing director Kristalina Georgieva, who will be re-elected this year, has built a strong partnership with the World Bank’s Ajay Banga....
...Earlier on Tuesday, Lord James Arbuthnot, a member of the Horizon Compensation Advisory Board, told MPs he hoped Fujitsu would “accept that they have played a part in the devastation that has been visited...
...“While these strategic actions negatively impacted short-term performance, the compensation committee believes that the actions of senior management were critical to reorienting the firm with a much stronger...
...Jaime Gilinski Bacal is set to join Metro Bank’s board of directors after the Colombian billionaire last year became the UK lender’s majority shareholder in a £925mn rescue deal....
...Lacher and members of the board’s governance and risk committee will forgo their share-based fees, while Julius Baer also confirmed an FT report that David Nicol, chair of the committee, would not stand...
...Following the conclusion of that review on Friday, Taylor’s special committee “expressed its full confidence” in the leadership of Altman and OpenAI co-founder Greg Brockman....
...Highlights Shohei Ohtani’s former interpreter was charged with bank fraud by the US Department of Justice, which accused him of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account...
...Richard Campbell-Breeden, another director, is expected to be named vice-chair of the board and support chair Romeo Lacher....
...The former chair told a committee of MPs on Tuesday that Read was the main focus of an 80-page complaint document by a former director that prompted an investigation into allegations of misconduct at the...
...Robert Sharpe, chair of Metro Bank, said Gilinski’s appointment to the board “underscores the commitment he has long shown to the bank as a supportive, long-term shareholder”....
...The bank said in a proxy filing also released on Monday that “an orderly CEO transition in the medium term” was a top priority for its board of directors....
...Over to you, Treasury select committee and Lords economic affairs committee. The fifth recommendation is extraordinary....
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