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Governance News from Manifest - ISSN 1745 - 1132

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Feb 07 Edition

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Research

Non-executive directors increase their authority

Non-executive directors (NEDs) feel they hold more influence than ever before, with 90% believing they have the collective power to change under-performing directors, according to Independent Remuneration Solutions’ and Hanson Green’s annual independent chairman and NED survey. More >>

Fraud cases reach record high

There were a record number of fraud cases in 2006 due to a rise in frauds perpetrated by organised crime gangs, according to KPMG Forensic’s Fraud Barometer.
More >>

New low for US class action lawsuits in 2006

Only 110 class action lawsuits were brought in the US during 2006, the lowest since the passing of the Public Securities Reform Act in 1995 - a piece of legislation designed to cut the number of securities lawsuits filed, according to a study by Stanford Law School and Cornerstone Research. More >>

UK, France and Germany shows low level of trust of CEOs

Only 18% of opinion leaders in the UK, France and Germany trust chief executives, the lowest figure ever recorded by the Edelman trust barometer, a survey of 3,100 opinion leaders in 18 countries. More >>

Briefs .....

Chief executive (CEO) confidence in growth prospects has nearly doubled in the past five years, according to PricewaterhouseCoopers’ 10th annual global CEO survey. More >>

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