(Adds statement from company)
By Svea Herbst-Bayliss
NEW YORK, March 3 (Reuters) – The $311 billion California state teachers pension fund is teaming up with an activist investor to stop Masimo Corp’s chief from receiving over half a billion dollars if there are changes to the US medical device maker’s corporate governance, including its board of directors.
The California State Teachers’ Retirement System (CalSTRS) said it is joining Politan Capital Management in challenging Masimo chief executive officer and chairman Joe Kiani’s employment agreement in the Delaware Chancery Court.
The contract would let Kiani walk away with roughly $600 million in…
The main feature of green bonds is the intention or the commitment to invest the net proceeds of the issue in green projects. Up to date, there is no binding legal framework and therefore no legal definition of green bonds. Nevertheless, voluntary standards have been broadly complied with and provided a basis for the development of the green bond market over the last years.
Voluntary standards inter alia include the International Capital Market Association’s (ICMA) Green Bond Principles, which is the preferred standard seen in the market, and the Climate Bonds Initiative’s Climate Bonds Standard. On top, issuers do already…
January 12, 2023
Raees + Co
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The principal Law governing the real estate sector in the Kingdom of Bahrain is Legislative Decree No. (27) of 2017 on the Issuance of the Real Estate Sector Regulation Law (the “Law”). On 3 November 2022, the Shura Council along with the Council of Representatives enacted Decree No. (41) of 2022 introducing a new chapter to Section Three of the Law related to the management of the common parts other than through the owner’s union. This…
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Also Read: Here is the Latest 2023 Minecraft Pocket Edition Download Link for Android and PC, Guaranteed FREE and Legal
After updating, there are usually interesting updates as well as quality…