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Post-Charney, American Apparel Adopts New Code of Conduct

A week after terminating Chief Executive Dov Charney, American Apparel Inc. said its board has adopted a revised code of conduct and ethics after a review of the company’s corporate governance and policies, the Wall Street Journal reports. Read more about the changes at the downtown L.A. clothing company in the Los Angeles Business Journal.

Edison Adopts ‘Say-on-Pay’ Policy

Edison International said that its board has adopted a so-called “say-on-pay” policy that will give shareholders an advisory vote on executive compensation.

Tougher Smog Rules to Whack California

A new and stricter smog limit was adopted by the Environmental Protection Agency Thursday. It will have the greatest impact in California, which is not in compliance with the current standards, the Los Angeles Times reports. In predictable responses, manufacturers complain it will cost the industry billions while environmentalists say the new restrictions don’t go far enough.

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