U.S. activists seek data to test corporate diversity pledges

More data disclosure will help investors, employees and customers judge the pledges many American companies have made to diversify their workforces and boardrooms, activists and analysts said on Tuesday. Companies should release specific information such as on the racial backgrounds of their directors or pay ranges of their workers, in order to maintain investors’ faith […]

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Nissan’s U.S. lending arm to pay $4 million fine over improper repossessions

Nissan Motor Co’s U.S. lending arm agreed on Tuesday to pay a $4 million U.S. fine to settle a government agency’s allegation that it improperly repossessed hundreds of consumers’ vehicles. The Consumer Financial Protection Bureau (CFPB) said that between 2013 and 2019, Nissan Motor Acceptance Corp (NMAC), a subsidiary of the Japanese automaker’s North American […]

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L’Oreal set to name deputy CEO Hieronimus as new chief: Le Figaro

French cosmetics company L’Oreal OREP.PA is set to name deputy Chief Executive Officer Nicolas Hieronimus as its new chief, replacing long-time boss Jean-Paul Agon, French newspaper Le Figaro reported late on Tuesday. The appointment will be decided at a board meeting on Wednesday afternoon at the company’s headquarters in Clichy, France, Le Figaro said without […]

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