Roula Khalaf, Editor of the FT, highlights stories in this newsletter, including Darren Walker’s struggle to secure shareholder support at Ralph Lauren, joining the ranks of “zombie” board members who lack majority backing. This governance issue has sparked concerns among investors about weakening shareholder rights globally, with Vanguard and TRowePrice emphasizing the importance of strong accountability and disclosure. The prevalence of zombie directors in the US, due to plurality board elections, contrasts with stricter standards in other markets, prompting calls to maintain high governance standards to prevent a race to the bottom.
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Looking for Remote Work? Survey Says Remote Jobs Are Declining
According to recent studies, the number of remote workers in the U.S. has decreased, with onsite and hybrid workers increasing. A survey by LinkedIn found that job postings for remote positions have also declined, especially in white-collar sectors, amid a stagnant job market. Despite a low hiring rate, Americans are facing challenges in finding better job opportunities, with many feeling stuck or falling behind in their current roles. The U.S. labor market is described as...
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