Quite common in Europe, but rare in the USA a permanent board chair separate from the CEO is drawing renewed attention as we want to analyze corporate governance. Can the concept of a non-executive chairman finally take root in America?…. Several financial and accounting scandals have raised several questions about the effectiveness of Boards of
On late January (28th) 2016, the European Commission presented its “Anti-Tax Avoidance Package”. This represents a major step within the European Union in order to regulate the tax evation and mark the first step of a common EU practice and gouvernnace on taxe. This draft represents largely the Luxembourg EU Council Presidency Working Paper of
How do venture investors compare investments in portfolio companies when the amounts invested, the timing of those investments, the returns, and the timing of those returns are all different? The tool venture investors use to compare the rates of return on each investment on an “apples-to-apples” basis is the internal rate of return (also known
Nearly 20 years ago, The Yarmouth Group presented a year-end essay entitled “A New Paradigm” this paper outlined their expectations and ideas for the evolution of the real estate commingled fund structure resulting from the dislocation of the institutional real estate investment market. At that time, there was much commentary in the industry press that
In 2008 the world experienced another financial crisis ; the bankruptcy of Lehman Brothers and the subprime crisis, after these two crisis the Shadow Banking (SB) became an hot topic for the financial regulator and of course a large press coverage started to talk about this “new way of financing “. What is the “Shadow Banking”…? The
L’histoire commence avec les révélations de Bernard Madoff et son acceptation de plaider-coupable face à onze (11) chefs d’accusation. Face à l’émoi provoqué dans le pays par cette escroquerie « inédite » dans son ampleur, le Congrès s’est ému de la situation des victimes et a donc demandé à l’IRS de réfléchir à un moyen
The bill related to the broadcast and protection of creation on Internet was adopted in a French Ministers’ Council on 18 June 2008. Subsequently, and according to the process of law-making, the bill was successively adopted in first reading by the Senate on 30 October 2008 and by the National Assembly on 2 April 2009.