article thumbnail

OpenAI's Governance Overhaul to Prevent Hostile Takeover

JD Supra: Mergers

Strengthening Board Control - OpenAI is exploring governance changes that would grant its nonprofit board enhanced voting rights to prevent a hostile takeover by Elon Musk. billion bid, which was rejected by OpenAIs board, and his legal efforts to block its transition to a for-profit entity. This move follows Musks $97.4

article thumbnail

Investment and Profit Sharing of Shareholders: How to Amend the Share Memorandum

JD Supra: Mergers

Investment is a cornerstone of corporate governance under Federal Decree-Law No. This article explores the rights and responsibilities of shareholders regarding their investments and profit sharing, outlining the procedures for amending the Memorandum of Association in accordance with legal provisions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PSBs profit tripled to Rs 1.04 trn in 9 yrs; need to continue momentum: FM

Business Standard - FInance

Finance Minister Nirmala Sitharaman on Saturday said the public sector banks' profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy. The net profit of public sector banks (PSBs) has almost tripled to Rs 1.04

article thumbnail

Chancery Reviews SPAC Precedents and Dismisses Complaint for Failure to Show Impairment of Stockholders’ Redemption Rights

JD Supra: Mergers

In In re MultiPlan Stockholders Litigation, the Delaware Court of Chancery reasoned that common special purpose acquisition company (SPAC) governance and compensation structures create potential conflicts between on the one hand, the sponsors holding founders’ shares—whose compensation is tied to, and who tended to profit greatly from, any de-SPAC (..)

article thumbnail

‘Big Short’ investor Steve Eisman is betting big on infrastructure and here are his top picks

CNBC: Investing

The investor who called and profited from the subprime mortgage crisis grew fond of infrastructure companies on the back of increased government spending.

Investors 112
article thumbnail

How to Preserve Value in Small Acquisitions: Part II

Midaxo

Examples of earnouts and incentives include: Performance based earnouts – Key individuals may be offered additional compensation or earnout payments based on predefined financial targets, such as revenue growth, profitability, or market share. Q: What do you find is the best governance model particularly with small acquisitions?

article thumbnail

NatWest first-half profit down 16% as mortgage competition bites

Global Banking & Finance

LONDON (Reuters) – NatWest’s first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 The British bank said this month that the government’s stake in it fell below 20%, […]