Optimising the Means and Ends of Good Governance Manifest is proud to sponsor the 4th Cambridge International Regulation and Governance Conference on September 6th, at Queens College, Cambridge. In a timely intervention given recent consultations at national and supra-national level on both sides of the Atlantic touching on stewardship processes, the conference will address regulatory responses to aspects of the […]
Read MoreThe AMF has this week (2nd July) released its final report on improving the exercise of shareholders rights at French general meetings. Following consultation during 2011, the proposals are expected to be in place in time for meetings on or after 1st January 2013, subject to the adoption of legislative amendments where necessary. Interestingly, elaboration […]
Read MoreAnother week, another consultation deadline in the world of responsible investment – last week the FRC’s consultation on the Stewardship Code. With so many column inches being taken up with coverage of scandals which have shaken the very bedrock of financial and investment services, we might well wonder if fine tuning the way that investors report their Stewardship activities […]
Read More….no evidence. Last year, ESMA conducted a consultation on the topic of empty voting, designed to find out the nature and extent of the decoupling of voting rights from economic ownership. Last week, they published the responses received, and concluded that no regulatory action is necessary – possibly because the overwhelming majority of respondents could […]
Read More…..on the facts. The world’s proxy seasons draw to a close with the last remaining Japanese vote deadlines on Tuesday 26th June. That’s one day after the European Securities Markets Authority’s consultation on proxy advisors closes. Shareholders do like to be consulted, up to a point. 2012 could go down in history for the most […]
Read MoreGuest post by Damien Knight, Director, MM&K Ltd The Coalition Government, through the Department for Business, Innovation and Skills (BIS), has been consulting regularly since September 2011 about what it could do to reign in ‘excessive’ executive pay and strengthen the link between pay and performance in major companies. Today (June 20th 2012) the Business Secretary, Vince […]
Read MoreThe Manifest/MM&K Executive Director Total Remuneration Survey for 2012 was launched at a seminar in London on Tuesday, 12th June. The Manifest/MM&K Survey is the most authoritative and up to date analysis of published information on the pay practices of 642 listed companies. This year’s data shows: FTSE100 Remuneration Committees and boards continue to award […]
Read MoreNever mind the peak meeting season, the past few days has seen a flurry of activity in Westminster which will have a bearing on aspects of shareholder voting and corporate governance in the UK. On Tuesday, the Treasury Select Committee heard evidence from Baroness Hogg, Chairman, and Peter Montagnon, Senior Investment Adviser, both of the Financial Reporting Council, as […]
Read MoreThe upcoming AGM of Deutsche Bank AG is looming large in many shareholders minds now. With the long running succession planning debate at the company leading some proxy advisors to publicly recommend opposition to ratification of the supervisory board acts, combined with countermotions tabled for director elections, there’s plenty for shareholders to consider. The ability to […]
Read MoreAs the so-called “Shareholder Spring” moves into the summer, the question most people are asking is “Where next?” Secretary of State Vince Cable has laid down a marker for future legislation on a binding vote on remuneration policy. Given that this is the UK’s third attempt at addressing executive pay issues(Greenbury, 1995; Directors’ Remuneration Report Regulations, 2002) […]
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