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Background Reports

Introduction

Manifest understands the challenges faced by fund managers in getting the information needed to make informed investment and shareholder decisions. Time and resource restrictions and practical barriers can all conspire to mean that the standards of governance tracking and participation become unviable. And that’s just in the UK.

With each different market comes a different set of rules, regulations and practices, which can prove a frustrating minefield when compared to the current situation in the UK. This can make it prohibitive to establish a role as an active, responsible cross-border shareholder.

However, pressure is increasing on investors to exercise a more positive role in the governance of investee companies. Understanding the environment in which the companies operate is crucial for starting the process of seeking more viable ways to achieve this.

Throughout Manifest’s range of services we replicate our core values of consistent, thorough, relevant market information.

Making sense of the maze

Manifest offers comprehensive global information services which help investors navigate the maze of different rules, regulations and practices that currently exist in world markets, both national and supra-national.

We work closely wity regulators, leading practitioners and interest groups in each market, and drawing upon a wide commentary and in-house analysis of current practice and corporate governance codes.

Manifest Country Guides

Written following a consistent reader-friendly format, Country Guides provide an at-a-glance, referenced analysis of the current legal and practical landscape of corporate governance in each country. They also include helpful starting points for further, more specific information and where to find it.

The Guides cover general market information such as:

  • What is the key legislation in the area of Corporate Law?
  • Who regulates in the market?
  • What corporate governance codes are in place?
  • What corporate structures exist?
  • Ownership structures
  • A helpful glossary of key terms
  • Who are the major trade associations and useful contacts?

They also answer more specific questions that you as shareholders may have:

  • What types of shareholder meetings may be called?
  • How they are convened and conducted?
  • What do I have to do to be able to participate in a meeting?
  • Can I table a resolution?
  • How much notice do I get?
  • When do I get the information I am entitled to?
  • How can I vote my shares? What are the barriers?
  • What different types of shares are there and what rights do they confer?
  • What are my legal responsibilities as a shareholder?

Manifest Governance Code Guides

To complement the Country Guides, Manifest has produced Code Comparisons, designed to enable you to compare the relevant national Governance Code with the UK Combined Code. Again, following a consistent reader-friendly format, the Code Comparison gives an accessible analysis of the prevailing Corporate Governance Code.

The Code Comparison covers general information such as:

  • Who issued it, when and why
  • What it sets out to achieve
  • Who it applies to
  • How compliance is enforced

It also covers a range of specific information, identifying the provisions of each Code in detail, covering:

  • Shareholder rights and responsibilities
  • Board structure
  • Director remuneration and compensation
  • Board committees
  • Auditors
  • Disclosure
  • Anti-takeover mechanisms
  • Corporate Social Responsibility

Coverage

In line with customer demand, guides initially covers countries with companies listed in the MSCI and FTSE indices.

To find out more about how Manifest can help your governance research contact info@manifest.co.uk

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