April 2007 Edition

Governance

Companies >>

Activism >>

Standards >>

Research  >>

People >>

CSR

SRI >>

Environment >>

Health & Safety >>

Ethics >>

Features

Academic View >>

<< Previous Section | Next Section >>

Activism

Supreme Court holds investor rights in balance

The US Supreme Court’s hearing of Makor v Tellabs – which will test the standard investors must meet to get allegations of securities fraud to court – could result in “nearly insurmountable” barriers to investors recouping fraud losses should the decision favour the defendants, public pension advocate NCPERS and lawyers’ group NASCAT warned. More >>

Take-Two shareholders vote in new board

Shareholders in US company, Take-Two Interactive Software, elected an alternative slate of directors to its board last month leading to the appointment of a new chairman, Strauss Zelnick, and acting chief executive, Ben Feder.

More >>

Shirley Westcott, managing director of policy at Proxy Governance, outlines this year's US shareholder campaigns

While many past years’ themes will carry over to 2007, the focus and intensity of this year’s shareholder campaigns in the US have sharpened around two central issues: greater shareholder sway over director elections and greater shareholder say in executive compensation. More >>

CalPERS names firms its says are ignoring shareholder concerns

US public pension fund, CalPERS, has named 11 companies which make up its annual focus list for 2007. CalPERS claimed that the long-term performance of all the companies was at least 20% behind their peers and they have so far resisted appeals to change corporate practices that it said make their boards unresponsive to shareholder interests. More >>

HP holds off shareholder activists

At Hewlett-Packard’s (HP’s) annual meeting last month a shareholder resolution, submitted and supported by several large US public and trade union pension funds, to give shareholders the right to nominate directors to the board, received 39% support.

More >>

Briefs .....

Activist investors have scored a victory at DSM, forcing the Dutch manufacturing company to withdraw a proposed loyalty dividend scheme from the vote at its AGM.

More >>

<< Previous Section | Next Section  >>

 © Manifest Information Services Ltd

Contact | Legal | Top of Page | Manifest-I Home