Corporate governance

Citi Cuts CEO Corbat's Pay 6.1% to $15.5M

02/17/17

Michael Corbat is getting a pay cut for a year when Citigroup's profit fell 14% and return on assets failed to meet his 2016 target.

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U.S. Century in Miami will need new chairman after latest Labor Secretary nomination

02/16/17

Alex Acosta played an instrumental role helping the bank raise capital and emerge from a 2011 regulatory order.

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Inside a bank’s call to be an M&A buyer and seller at the same time

02/14/17

Not every bank could simultaneously make and entertain acquisition offers like Pacific Continental did, but its story highlights hard questions facing financial institutions in a consolidating industry.

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Regions Financial creates watchdog for corporate governance

02/10/17

Regions Financial in Alabama promoted an in-house attorney to oversee its corporate governance practices.

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Banc of California taps another investor to joins its board

02/10/17

Kirk Wycoff of Patriot Financial Partners will soon join PL Capital's Richard Lashley on the California company's board.

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Outside law firm clears Banc of California of illegal third-party dealings

02/09/17

The announcement comes a day after the company's board announced a series of corporate-governance improvements.

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Banc of California adopts corporate-governance measures, adds activist to its board

02/08/17

Richard Lashley at PL Capital is taking over a board seat previously held by former CEO Steven Sugarman.

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Activist investor mounts proxy battle at Banc of California

02/07/17

Legion Partners, which has raised concerns about corporate governance and pushed the bank to consider selling itself, will seek two board seats.

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Let board decide if chair and CEO should be separate

02/07/17

For certain banks, it might make sense to require the chairman of the board to be an outside board member. But that’s a decision best left up to the board and management.

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Banc of California to pay ex-CEO Sugarman $4M after his resignation

01/27/17

Sugarman left less than two weeks after the SEC launched an investigation into company statements.

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