Corporate governance

Montreal businessman Anthony McCord will arrive next month as New York Metropolitan Transportation Authority's chief transformation officer to address the authority's myriad operational and capital funding challenges.

More than 600 firms have adopted proxy access, a program launched under the comptroller’s Boardroom Accountability Project.

The commonwealth overall has been allocated $42.3 billion in disaster aid since Hurricanes Maria and Irma struck the island, not counting the new funding approved by Congress.

The disaster-aid measure was delayed for about six months amid Trump’s objections to additional aid for Puerto Rico.

The House Natural Resources Committee has scheduled a May 2 hearing to examine the successes and failures of PROMESA.

Mayors said they've stepped in to help fill funding gaps for everything from housing loans to airport security for the Super Bowl.

Sergio Marxuach and other officials of the nonpartisan, San Juan-based Center for a New Economy said federal spending on disaster recovery has been slower than in other areas also struck by hurricanes in 2017.

Congress could pass legislation authorizing advance refundings and liberalizing private activity bond restrictions to aid in disaster recovery, NABL said.

The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.

An estimated $69.1 billion of the $139 billion is already committed through a combination of insurance claims and federal disaster aid.