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Proxy Industry Watch
Border Crossing Manifest, the U.K. corporate
governance advisor and proxy voting agent, yesterday confirmed a commercial
alliance with Déminor which does similar work on the European continent
from its Brussels headquarters.
Déminor has already begun supplying
Manifest with shareholder meeting analyses for up to 30 Euro Track-index
companies in Belgium, France, Germany, the Netherlands and Luxembourg. It is
also handling the job of casting Manifest clients' votes at meetings in
those markets. In return, Manifest is to be the supplier of data on FT
30 corporations for Déminor's Europe-wide Corporate Governance Rating
Service, set to debut in October (GPW March 19, 1999). With its U.K.
fund manager clients showing rising interest in voting outside Britain,
Manifest intends to expand coverage of euro-zone companies chiefly
through Déminor. At the same time, the Belgian firm will rely on
Manifest to help widen its ratings coverage to more U.K. listed
companies.
Global Proxy Watch
June 4th, 1999
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