The SEC has confirmed that it will be issuing a green paper on proxy reform later this year. Speaking at a Business Roundtable quarterly meeting last week, SEC Chairman, Mary Schapiro said: “the mechanics of the proxy process have not …
Read MoreRailPen would very much like to know what their fund managers are doing to address this key sustainability issue. And to help them with their review, they have worked with HSBC and Linklaters to develop a 77 question Risk Audit …
Read MoreThe Institutional Investor Council (IIC), the successor body to the Institutional Shareholders’ Committee (ISC), has started to lay out its stall on possible work programmes. Speaking at the IMA’s annual dinner in the City of London this week, Douglas Ferrans, …
Read MoreConference key note speeches came thick and fast at the ICGN’s London conference at the Guildhall this week. The three leading actors in the UK’s governance reform, Sir David Walker, Lord Myners and Sir Christopher Hogg each presented their individual …
Read MorePeter Dey, the architect of Canada’s first corporate governance guidelines for boards, is convinced that the power of directors has been eroded on that balance of power has shifted too far to shareholders on key issues.
Dey’s remarks were made …
Read MoreThe ASX Corporate Governance Council has released a communiqué on its recent work programme and it proposal to make changes to the ASX Corporate Governance Principles and Recommendations (‘the ASX Code’) with an expected implementation date from 1 July 2010.…
Read MoreRemuneration reports are “unduly complex, place a significant burden on companies and are of limited use to shareholders and other readers. At worst, they have become almost incomprehensible to even expert readers and can give a distorted picture of executive …
Read MoreThe AFL-CIO has released its key votes list for the 2010 proxy season – naming proposals at 27 companies. The key vote survey rates the voting practices of investment managers by surveying how they voted on certain proposals identified by …
Read MoreThe European Commission has this week launched a consultation, in the form of a green paper, in preparation for taking measures to enhance corporate governance in financial institutions and remuneration policies.
It is significant that the Commission is keen …
Read MoreThe US is moving forward with a series of comprehensive financial reforms in a new bill, “The Wall Street Reform and Consumer Protection Act of 2009”. In 1,279 pages, the new bill pulls together a total of six reform proposals …
Read More