In the Margins
The S&P 500 no longer adds the shares of companies that don't provide sufficient voting rights to investors, a move that means Snap Inc. shares would be excluded from the equity benchmark. The decision follows a similar judgement last week from FTSE Russell, a division of the London Stock Exchange Group, which dropped Snap shares from its indices following a consultation with its clients. Read the original story from TheStreet.
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Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...