July 2007 Edition

Research

• Mutual funds failing to moderate executive pay
• Australian companies favouring boilerplate disclosure
• Mixed response to IFRS

Activism

• Demand for Vodafone restructuring
• Photo-Me faces call for director sackings
• Sports Direct seeks ousting of Blacks board
• MWB facing break-up pressure
• GSK sued over diabetes drug disclosure

Standards

• The end of "one share, one vote"?
• Europe split on auditor liability
• US moves to overhaul "unnecessarily complex" regulation
• Case to eliminate broker votes
• Governance reform threatens bondholders, Moody's warns
• Call to end quarterly guidance
• Supreme Court backs business
• Best practice will "legitimise" institutions' governance demands
• EU adopts shareholders' rights directive
• Briefs ....

Companies

• US opens formal BAE probe
• LSE and Borsa Italiana agree takeover in principle
• ABN given boost in investor lawsuit
• PartyGaming in talks with US authorities
• Air Berlin board members accused of insider trading
• Former HIH CFO jailed
• Briefs ....

People

• Changes at: Alliance & Leicester, William Hill, DSG International, AstraZeneca and ITE

Corporate Social Responsibility

• Investors not following through on climate change concerns
• Chocolate industry accused of fuelling armed conflict
• Tomorrow's Company advocates cooperation on global frameworks
• Massive surge in renewable energy investment
• European chemical legislation provokes controversy

Academic Round-Up

• Manifest-I presents a summary of recently released academic papers on international corporate governance issues.