Pension funds surveyed by the National Association of Pension Funds (NAPF) are working more closely with the companies they invest in to actively promote corporate governance. More than three quarters of these funds have helped change remuneration packages, board membership or corporate strategy, and eight out of ten funds believe governance standards are continuing to […]

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 Nasdaq, the US exchange, wishes to divest its 31% stake in the London Stock Exchange (LSE). Nasdaq built up its stake earlier this year during the course of an unsuccessful takeover bid, and earlier in August backed an LSE/Borsa Italiana merger that will significantly dilute this holding. Nasdaq said that it does not believe the […]

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Some 23% of FTSE 350 companies are not adequately reporting to shareholders on the activities of their audit committees, producing in effect little more than a summary of the committees’ terms of reference, research by the Local Authority Pension Fund Forum (LAPFF) has found. The LAPFF also found that the standard of audit committee reporting […]

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Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Reputational Sanctions in China’s Securities Market Benjamin Liebman and Curtis Milhaupt, Columbia Law School Public criticism of listed companies by the Shanghai and Shenzen exchanges is having a significant effect on corporations and their executives, according to […]

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Large companies would be forced to disclose their greenhouse gas emissions to a common standard under proposals by Conservative Party think tank the Quality of Life Policy Group. The Group, chaired by former environment minister John Gummer, was formed by David Cameron to provide independent input to the Conservatives on every aspect of the “quality […]

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LCH.Clearnet, the clearing house, has issued formal requests to Deutsche Börse and Borsa Italiana for links allowing it to clear share trades executed on their platforms. LCH.Clearnet said implementation of these links will allow users of those markets to consolidate clearing of cash equities traded on the London Stock Exchange, virt-x, Deutsche Börse and Borsa […]

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Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Do IFRS/UK-GAAP reconciliations convey new information? Edward Lee and Martin Walker, University of Manchester – Division of Accounting & Finance; and Hans Christensen, Manchester Business School. IFRS reconciliations issued by UK companies provide new information to the […]

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Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. The Special Interest Race to CEO Primacy and the End of Corporate Governance Law Steven Ramirez, professor of law, Loyola University of Chicago School of Law This paper argues that recent fears US corporate governance has moved […]

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Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Law and the Market: The Impact of Enforcement John Coffee, Columbia Law School. Columbia Law and Economics Working Paper No. 304. The US is unique in both its expenditure on securities regulation enforcement and the amount and […]

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Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Superstar CEOs Ulrike Malmendier, University of California – Berkeley; and Geoffrey Tate, UCLA. The firms of US chief executives who win high-profile awards from the business press or other organisations suffer declining performance, while the chief executives […]

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