First Midwest Bancorp Inc., the $8.38 billion-asset parent of First Midwest Bank, has named Amcol International Chief Executive Lawrence Washow to its board of directors. Get the full story »
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Aug. 25, 2010 at 1:34 p.m.
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Filed under: Corporate governance, Government, Investing, Policy Investors get more power to nominate directors
The Securities and Exchange Commission on Wednesday approved changes that make it easier for shareholders to nominate directors of public companies.
The 3-2 vote allows groups that own at least 3 percent of a company’s stock to put their nominees for board seats on the annual proxy ballot sent to all shareholders. The new financial overhaul law enacted last month gave the SEC the authority to make the change. Get the full story »
Hyatt changes Penny Pritzker’s board status
Penny Pritzker, one of America’s richest and most powerful businesswomen, is no longer considered an independent director of Hyatt Hotels Corp., the publicly traded company that her family controls.
Hyatt disclosed that change in its proxy statement in late April, when the list of independent directors no longer included the 51-year-old Pritzker, who was national finance chair for Barack Obama’s presidential campaign and leads several companies that are part of her family’s business empire. Get the full story »
Ex-McDonald’s president joins Lowe’s board
Home improvement retailer Lowe’s Cos. announced Friday the appointment of Raul Alvarez, former president and chief operating officer of McDonald’s Corp., to its board. He will serve on the board’s governance and audit committees. Get the full story »
