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Wall Street is hoping to reset the debate on US corporate governance following a wave of shareholder activism that has challenged many of the biggest companies. Since August, JPMorgan Chase chief executive Jamie Dimon has been working with leaders in finance and investing to hash out guidelines on best practices for corporate governance, according to people familiar with the talks. The initiative follows a rising wave of investor activism that has roiled numerous large companies, including JPMorgan, which has successfully beaten back shareholder efforts in recent years to split the chief executive and chairman roles.
Mexico greeted Pope Francis with mariachi music and thousands of Catholic faithful lining the streets after the pontiff held historic talks with the head of the Russian Orthodox Church in Cuba. President Enrique Pena Nieto on Friday welcomed Francis at the airport while a mariachi band played before he climbed the popemobile to wave at crowds along the capital of the world's second largest Catholic country. "Francis, brother of the Mexican people!" people chanted as thousands braved the evening cold, holding up telephones to light his way.