The Lowdown on Showdowns: the Ins and Outs of Infrastructure
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
Can Diversity in the Boardroom Quell Corporate Corruption? Steven A
Loyola University Chicago, School of Law LAW eCommons Faculty Publications & Other Works 2003 Flaw in the Sarbanes-Oxley Reform: Can Diversity in the Boardroom Quell Corporate Corruption? Steven A. Ramirez Loyola University Chicago, School of Law, [email protected] Follow this and additional works at: http://lawecommons.luc.edu/facpubs Part of the Securities Law Commons Recommended Citation Ramirez, Steven, Flaw in the Sarbanes-Oxley Reform: Can Diversity in the Boardroom Quell Corporate Corruption, St. John’s L. Rev. 837 (2003). This Article is brought to you for free and open access by LAW eCommons. It has been accepted for inclusion in Faculty Publications & Other Works by an authorized administrator of LAW eCommons. For more information, please contact [email protected]. A FLAW IN THE SARBANES-OXLEY REFORM: CAN DIVERSITY IN THE BOARDROOM QUELL CORPORATE CORRUPTION? STEVEN A. RAMIREZt INTRODUCTION Why talk about the intersection of race and corporate law? Because that is literally where the money is. Corporations produce ninety percent of our total gross domestic product.1 The top 500 corporations control seventy-five percent of our nation's most productive assets.2 In a society that is as materialistic as ours, to talk about any systemic racial reform without discussing corporate governance misses this central point.3 In short, if our society continues to be permeated by the consequences of yesteryear's apartheid, it is axiomatic that corporate governance f Professor of Law and Director, Business and Transactional Law Center, Washburn University School of Law. Courtney T. Kennedy and Brian Perkins provided excellent research assistance for this Article. -
LEADING and MANAGING GLOBALLY VP+ Directors Managers with YALE SCHOOL of MANAGEMENT and INTERNATIONAL INSTITUTE for MANAGEMENT DEVELOPMENT (IMD)
Target Audience LEADING AND MANAGING GLOBALLY VP+ Directors Managers WITH YALE SCHOOL OF MANAGEMENT AND INTERNATIONAL INSTITUTE FOR MANAGEMENT DEVELOPMENT (IMD) Companies around the world have gone global at an accelerated speed. Yet many companies are not fully prepared for a world in which the biggest business opportunities are global in nature and scope. Executives in the six-week program, Leading and Managing Globally, acquire the global mindset and competencies needed to effectively lead in this world, from bridging cultural divides, to PROGRAM STRUCTURE recognizing more deeply the sources of organizational power and information flow, to overcoming barriers to change. Time Commitment: 6 weeks/ 5 flexible hours per week USE INFORMAL AUTHORITY TO IDENTIFY AND BRIDGE CULTURAL LEAD EFFECTIVELY IN A MATRIXED CREATE ALIGNMENT AND CHANGE DIFFERENCES ACROSS DISTANCE GLOBAL ORGANIZATION Format: Self-paced with live faculty and team Improve management of global Identify sources of informal Overcome resistance to change interactions power and leverage your virtual teams across cultural, and achieve team integration and language and time differences network of relationships alignment within complex matrixed Output: Action plan with to influence those sources structures concrete roll-out strategy Use cultural decentering Manage interdependence techniques to diagnose cultural Define new metrics and KPIs to between organizational units differences and avoid team align purpose and drive FACULTY and foster knowledge flows conflicts arising from misaligned -
Good Governance and the Misleading Myths of Bad Metrics
Academy of Management Executive, 2004, Vol. 18, No. 1 ........................................................................................................................................................................ Good governance and the misleading myths of bad metrics Jeffrey Sonnenfeld In the aftermath of the well-publicized corruption governance metrics ratings services, the best and malfeasance in several large public corpora- known of which are Institutional Shareholder Ser- tions, especially at the executive and board levels, vices (ISS) and Governance Metrics International investors and analysts are searching for manage- (GMI). While firms such as Moody’s and The Cor- ment tools to measure the vulnerability of firms to porate Library use a wide mix of criteria to evalu- dishonesty, fraud, and corruption. While this effort ate companies, including their openly qualitative to improve governance through uniform guidelines judgment, ISS and GMI rely more on crisp numer- is understandable, at times boards and companies ical scoring systems. Some even believe that it is are reaching out for any life preserver that comes dangerous for firms to challenge the influential ISS along. Some firms are capitalizing on this desper- and GMI ratings services, given the attention paid ation by setting themselves up as corporate gover- to them by credit analysts, institutional portfolio nance experts. In 1999, when William Donaldson managers, and liability underwriters.3 was chairman of Aetna, he said prophetically, “I ISS and GMI look at public records to score firms fear that there is a growing cottage industry of on their governance effectiveness by using sim- superficial thought about corporate governance.”1 plistic checklists of standards or metrics based The swelling number of governance consultants heavily upon cliche´s and myths, rather than on has made Donaldson’s statement truer than ever. -
Power & Politics
POWER & POLITICS Langone (Draft) MGMT-GB.3366.10 Fall 2017 Professor R. Kabaliswaran Office: KMC 7-56 Class: KMC 4-80 E-mail: [email protected] (best way to reach me) Class Hours: W 6:00:9:00. Dates: 9/27-12/20. Office Hours: Usually an hour before class and by appointment Deliverables: My Constituency Map due session 7. One individual midterm case report due session 9. Class Reflection Journal: Do each session on previous session’s case/s and discussion. Put it all together , broken by session, and post as ONE word document before last class session. No need for journal write up on content of midterm case session and the last session. One take-home final due last session. Welcome to the elective course in Power & Politics! Course Theme Politics is not a dirty word! We just got to learn how to play good politics and keep out bad politics. By the same logic, power by itself does not necessarily corrupt though absolute power may corrupt absolutely. In other words, this course is about how to conquer the world, or at least survive the corporate jungle, without losing our soul. Even if you don’t want to play politics, good or bad, you still need the skills from this course to ensure that you don’t become a victim of politics. Course Objectives • Understanding what power is: People often have a misperception of what power, the basis of political behavior, really means. By the end of this course you should be able to have not only a conceptual understanding of what power is within an organizational context but a practical grasp of what the actual sources of power are. -
The Lowdown on Showdowns: We Don't Look 100 and Neither Do You
EXECUTIVE SUMMARY The Lowdown on Showdowns: PilotingWe around Don’t Partisan Look Divides 100 in Immigration, and Neither Infrastructure, Do You:and Industry 2020 Perspectives from the Pioneers of CEO Leadership Forums Washington, DC | March 13, 2018 The Roosevelt Hotel New York | December 17 - 18, 2019 PRESENTING SPONSORS The AmericanLEADERSHIP PARTNERS Colossus: The Best of Times and the Worst of Times? The Yale Club of New York City & The New York Public Library | June 12 - 13, 2018 LEADERSHIP PARTNERS We Don’t Look 100 and Neither Do You: 2020 Perspectives from the Pioneers of CEO Leadership Forums The Roosevelt Hotel New York | December 17–18, 2019 Agenda Host: Jeffrey A. Sonnenfeld, Senior Associate Dean, Yale School of Management The Changed Cultural Portfolio of Leadership 7 OPENING COMMENTS Carla A. Hills, U.S. Trade Representative (1989-1993); 5th U.S. Secretary of Housing and Urban Development Reem Fawzy, Founder & CEO, Rimo Tours Group & Pink Taxi Egypt Farooq Kathwari, Chairman, President & CEO, Ethan Allen Kay Koplovitz, Founder, USA Networks; Managing Partner, Springboard Growth Capital Beth Van Duyne, Mayor (2011-2017), Irving, Texas Kerwin Charles, Dean, Yale School of Management Joanne Lipman, Distinguished Fellow, Princeton University; Former Editor, USA TODAY Jonathan Greenblatt, CEO & National Director, Anti-Defamation League Manuel Dorantes, Strategic Advisor, Vatican’s Dicastery for Communication Jonathan Mariner, Founder & President, TaxDay; Retired EVP & CFO, Major League Baseball Eileen Murray, Co-Chief Executive Officer, Bridgewater Associates Greg Fischer, Mayor, Louisville, Kentucky RESPONDENTS Katherine E. Fleming, Provost, New York University Laura R. Walker, Former President & CEO, New York Public Radio Kristin Decas, CEO & Port Director, The Port of Hueneme Elizabeth DeMarse, Former Chair, President & CEO, TheStreet, Inc. -
Department of Financial Services' Report on Examination of MBIA Insurance Corp., As Of
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION ------------------------------------ x In the Matter of, LYNN TILTON Administrative Proceeding PATRIARCH PARTNERS, LLC, File No. 3-16462 PATRIARCH PARTNERS VIII, LLC, PATRIARCH PARTNERS XIV, LLC and Judge Carol Fox Foelak PATRIARCH PARTNERS XV, LLC Respondents. ------------------------------------ x DECLARATION OF LISA H. RUBIN IN SUPPORT OF RESPONDENTS' MOTION TO COMPEL MBIA TO PRODUCE DOCUMENTS RESPONSIVE TO RESPONDENTS' SUBPOENAS I, Lisa H. Rubin, hereby declare as follows: 1. I am Of Counsel in the law firm of Gibson, Dunn & Crutcher LLP, attorneys for the above-referenced Respondents. I submit this declaration in support of Respondents' Memorandum of Law in Support of Respondents' Motion to Compel MBIA to Produce Documents Responsive to Respondents' Subpoenas, dated September 26, 2016. 2. I submit this declaration based on my personal knowledge· and a review of Gibson Dunn's files. 3. Attached hereto as Exhibit 1 is a true and correct copy of the New York Department of Financial Services' Report on Examination of MBIA Insurance Corp., as of December 31, 2011. 4. Attached hereto as Exhibit 2 is a true and correct ·copy of the Memorandum of Law in Support of Plaintiff's Motion to Remove Confidentiality Restrictions in MBIA Insurance Corp. v. Countrywide Home Loans, Case No. 6028252008, 2012 WL 8024565 (N.Y. Sup. Aug. 6, 2012). 5. Attached hereto as Exhibit 3 is a true and correct copy of MBIA' s Q2 2016 Results Earnings Call Transcript, dated August 9, 2016. 6. Attached hereto as Exhibit 4 is a true and correct copy of the subpoena Your Honor issued to MBIA at Respondents' request on May 27, 2015. -
Yale Global Executive Leadership Program Yale Is a Place to Think About Big Ideas That Will Change the World
YALE GLOBAL EXECUTIVE LEADERSHIP PROGRAM YALE IS A PLACE TO THINK ABOUT BIG IDEAS THAT WILL CHANGE THE WORLD. AND BUILD KNOWLEDGE, SKILLS, AND CONNECTIONS THAT WILL BENEFIT YOU FOR THE REST OF YOUR LIFE. AN EXCLUSIVE PROGRAM FOR CXOs & WOULD-BE CXOs As a leader, the world expects you to compete strategically and win globally, no matter the odds. The Yale Global Executive Leadership Program prepares you for these challenges, to rise to the highest levels of global leadership. You will leave the program equipped with strategic insights, leadership skills, and the deep understanding of global business context needed to drive growth and profitability in a high-performing organization. The intensive residential design, carefully orchestrated curriculum, world-class faculty, state-of-the-art facilities, and dynamic peer-to-peer interaction combine to create an unparalleled learning experience that will forever change the way you do business. Your five weeks at Yale will include participation in the world-renowned Yale Chief Executive Leadership Institute. Upon completion of GELP, you will join the Association of Yale Alumni, an elite group of successful industry leaders who span the globe. You will gain exclusive access to an array of resources that facilitate lifelong learning, growth, and success. UNIQUE YALE ADVANTAGE Yale University alumni include CEOs of global corporations, 19 Supreme Court justices, 5 U.S. presidents, 5 Academy Award winners, 13 living billionaires, and many foreign heads of state. In addition, Yale has graduated hundreds of members of Congress and many high-level U.S. diplomats, including former U.S. Secretary of State Hillary Clinton and current Secretary of State John Kerry. -
Ross Production March 2019
Slattery, Elizabeth (Federal) From: Beaumont, Dina (Federal) Sent: Thursday, April 5, 2018 6:02 PM To: Bedan, Morgan (Federal) Subject: FW: New Dina Beaumont Department of Commerce | Office of the Secretary Office: 202.482.1368 [email protected] From: Marie‐Josee Kravis [mailto:(b)(6) @KKR.com] Sent: Thursday, April 05, 2018 5:26 PM To: (b)(6) Mrs. Ross ' < (b)(6) Mrs. Ross >; (b) (6) non-Gov ' < (b) (6) non-Gov >; Beaumont, Dina (Federal) <[email protected]> Subject: Dear Hilary and Wilbur, (b)(6) As I mentioned to you, this year Bilderberg is meeting in Turin Italy, beginning with dinner June 7 and ending at noon June 10. We would love to have Wilbur return to update us on US trade and economic policy and would adjust the program to his schedule. Best, Marie‐Josée ================================================================= ============== Please refer to http://www.kkr.com/email-disclaimer for important disclosures regarding this electronic communication. ================================================================= ============== 1 Slattery, Elizabeth (Federal) From: Elizabeth Power Robison ((b)(6) @milkeninstitute.org) <(b)(6) @milkeninstitute.org> Sent: Friday, April 27, 2018 11:51 AM To: Neuhaus, Chelsey (Federal); Bedan, Morgan (Federal) Subject: RE: A special request from Mike Milken Chelsey, Tuesday is nearly fully booked. I have time available at 7:20 am, 8 am, 8:20 am, 5:20 pm, and 5:40 pm. There is also time at 6 pm on Mon, April 30. Do any of these spots work? Elizabeth From: Neuhaus, Chelsey (Federal) [mailto:[email protected]] -
Leadership 500-2012
2012 Leadership 500 VOL. 29 NO. 10 LEADERSHIP DEVELOPMENT PROGRAM RANKING SUPPLEMENT OCTOBER 2012 by Ken Shelton excellence in leadership development How broad is the involvement and without recognizing the program how deep the participation? 4. OR OUR 2012 Leader- director is like recognizing a universi- Measurement and accountability. Fship 500 ranking, ty for excellence in their football pro- What ROI measures are made and we again connected gram without recognizing the coach, reported and to what degree is with about 1,000 orga- or recognizing a film without recog- accountability for performance and nizations known for developing lead- nizing its director. In fact, I find that results part of the program? 5. ers and selected over 500 to feature in the quality of the LD program is Presenters, presentations, and deliv- seven categories: Large Organizations, directly related to the quality of the ery. What are the qualifications of the Small/ Midsize, Universities, Nonprofits, current program leadership—usually a presenters, how effective are their Government/Military, Consultants/Trainers/ team of two or more people responsi- presentations, and how is the pro- Coaches, and Consulting Groups. We ble for the design, delivery and gram delivered? 6. Take-home value. received about 100 updates and origi- impact of the LD program. What do participants take away and nal entries to last year’s list and tried Rankings are based on seven crite- apply to improve themselves, their to verify current managers and direc- ria: 1. Vision/mission. Are these state- families, teams, and volunteer work? tors in these organizations. ments linked to business strategy and 7. -
Fall Policy Conference
2013 Fall Policy Conference November 20-21, 2013 November 20 – 21, 2013 Fall Policy The Waldorf Astoria Hotel Conference New York, NY Thank You to Our Sponsors Our to You Thank Event Agenda 2:30 p.m. Welcoming Remarks The Honorable Thomas H. Kean, Former Governor, State of New Jersey Empire Room, Lobby Level 3:00 p.m. Women’s Economic Empowerment Empire Room, Lobby Level After years of focus, women make up only a small percentage of corporate board members and senior leaders. Why is this? What needs to happen to drive better balance between men and women? Moderator: Beth A. Brooke, Global Vice Chair, Public Policy, sponsored by EY Roger W. Ferguson, Jr., President and Chief Executive Officer, TIAA-CREF The Honorable Paula Stern, Ph.D., Wednesday, November 20 November Wednesday, Founder & Chairwoman, The Stern Group, Inc. Dr. Chris Bart, Founder, Principal and Lead Professor, The Directors College Henrietta H. Fore, Chairman and Chief Executive Officer, Holsman International 4:15p.m. Break November 20 – 21, 2013 Fall Policy The Waldorf Astoria Hotel Conference New York, NY 4:30 p.m. Business Statesmanship Empire Room, Lobby Level America has many CEOs, but how many of them can be considered statesmen (leaders who engage in and speak out for the common good on key public policy issues, not just company matters)? Why don’t more corporate leaders act as statesmen? A March poll of CED Trustees cited concerns over criticism and shareholder pressure for short-term results as impediments to speaking up and out. How can we turn the tides? Moderator: The Honorable William H. -
MBIA INC. (Exact Name of Registrant As Specified in Its Charter)
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-9583 MBIA INC. (Exact name of registrant as specified in its charter) Connecticut 06-1185706 (State of incorporation) (I.R.S. Employer Identification No.) 1 Manhattanville Road, Suite 301, Purchase, New York 10577 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (914) 273-4545 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange Title of each class Trading Symbol(s) on which registered Common Stock MBI New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
How Lynn Tilton Went from Company Savior to SEC Target the Founder of Patriarch Partners Says She Protects American Families from Ruin
How Lynn Tilton Went From Company Savior to SEC Target The founder of Patriarch Partners says she protects American families from ruin. The SEC says she defrauded investors July 16, 2015 Sheelah Kolhatkar Photographer: Simone Lueck for Bloomberg Businessweek Lynn Tilton in the conference room of her office in New York. Lynn Tilton was rushing to get dressed at her home in Paradise Valley, Ariz., when she got a tip that the Securities and Exchange Commission was about to charge her with fraud. Taking in the news, she froze for a moment, then grabbed her laptop. It happened to be March 16, the 35th anniversary of her father‟s death, a devastating event that occurred when Tilton was 19. She took the timing as an omen. For more than five years, Tilton had known that the SEC was investigating her and her company, Patriarch Partners, a private equity firm based in New York. Months earlier, settlement negotiations had broken down. In typical SEC fashion, the agency hadn‟t communicated its intentions afterward. Now that Tilton knew they planned to proceed against her, she decided to go to war. Two weeks later, when the SEC formally announced its administrative action accusing her of defrauding investors in three funds that Patriarch operates, she was ready with a pretaped television interview denying the charges. Two days after that, on April 1, she filed a countersuit in federal court. “So that‟s why, if you remember it, it goes from „Lynn Tilton Sued‟ to „Lynn Tilton Fights Back‟ to „Lynn Tilton Sues the SEC,‟ ” she says, beaming.