Straight through voting: where's the blockage?

As implementation of Shareholder Rights Directive II draws closer, attention is (or should be) turning to how we are going to make it happen. A cynic might say that, like MIFID II, “it’s all very well intended but….” OK, fair enough. But seriously, how are we going to get from good intentions to good outcomes? […]

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Proxy plumbing gets Securities Exchange Commission scrutiny

Proxy Plumbing: SEC Re-opens Investigations Plans to review US proxy plumbing infrastructure “long overdue, but very welcome”. The Securities and Exchange Commission has announced it will re-examine the US proxy voting system.  The US securities regulator, the Securities and Exchange Commission, is inviting comments on its proposal and will host a round-table this autumn to […]

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As reported in the FT today, the 20th edition of the Manifest Total Remuneration Survey is now online. The first report was published after the Greenbury Report and over the years the survey has become a staple and trusted resource to support engagement on executive pay by investors, issuers and regulators  alike. Headline numbers do not tell the whole […]

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BEIS Sign

As the UK Government moves towards more detailed legislative proposals for enhancing corporate governance, it has published a list of “some of the worst excuses for not appointing women to FTSE boards”. Around 30% of FTSE350 companies have few or no women on their boards or in senior roles. According to the research, which is being published as […]

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Melrose plc logo

When you submit your proxy votes it’s normally safe to assume that what you voted on is, well, what is going to get voted on. Maybe not. Now that the dust has settled on the takeover of GKN plc by Melrose Industries plc it seems like an appropriate moment to take a look at some […]

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IRRI Survey 2017

Manifest has achieved a Top 4th ranking for the independent provider that is best at delivering Proxy Voting Execution in the IRRI Survey 2017, the globally-authoritative review of trends in independent SRI & corporate governance research. The IRRI survey 2017 has asked carefully targeted questions to a broad cross-section of SRI, corporate governance and investment […]

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sustainable finance action plan

The European Commission’s Action Plan on Sustainable Finance, launched last week, was broadly welcomed by responsible investment groups and those representing the financial sector. The Commission’s intention is to develop a financial system that supports the EU’s climate and sustainable development agenda. The publication of the action plan followed the work of the high-level group of […]

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AIM

The London Stock Exchange has confirmed that it has strengthened the corporate governance requirements for AIM companies from the 28th September this year with new entrants to the market having to comply with the rule from the end of March 2018. The board of directors at AIM companies must now provide a recognised corporate governance code […]

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lobbying

A coalition of at least 74 investors has filed resolutions at 50 US companies asking for more disclosure of payments for lobbying, including to trade associations. The resolutions have been coordinated by Walden Asset Management and American Federation of State, County and Municipal Employees (AFSCME). Walden and the AFSCME said the 2018 resolutions had been filed […]

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Hong Kong

The International Corporate Governance Network (ICGN) and the Asian Corporate Governance Association (ACGA) are urging institutional investors to respond to the latest consultation from the Hong Kong stock exchange which proposed allowing certain companies with dual-class share structures to list. The proposals form part of the stock exchanges aspiration to be a more attractive place to list […]

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