Centamin Egypt, the Australian incorporated gold mining company which entered the FTSE 250 index in June 2010, will hold its AGM on 9 November in London. At its 2009 AGM the remuneration report vote was defeated, however shareholders will not get an opportunity to vote on the remuneration report in 2010. The reason is that […]
Read MoreThe last couple of years have clearly been times of great opportunity for the promotion of responsible investment in general, and the Eurosif 2010 survey figures show a significant uptick in European SRI assets under management, now at €5 trilllion The survey, presented at a joint event hosted by CA Cheuvreux and UKSIF, also shows the high […]
Read MoreThe recent concept release on the US proxy system has certainly brought some interesting challenges and concerns to the debate. A recent set of concerns from an investment advisor provoked some thoughts at Manifest about privacy, identification and equal treatment (i.e. a safe ride) for all shareholders. Concerns that issuers may wish to somehow leave […]
Read MoreVince Cable, the UK’s Secretary of State for Business used the Confederation of British Industry’s annual conference to launch an an investigation into possible failures of market and corporate governance which have discouraged a long-term approach to investment. The paper, ‘A Long Term Focus for Corporate Britain’, is looking for input on a wide range of questions: the […]
Read MoreThe Canadian proxy voting system is fundamentally flawed says Canadian law firm Davies Ward Phillips & Vineberg LLP. In a forthcoming white paper the firm has, in its words: “uncloaked the mystery surrounding the proxy voting system in Canada.” Canadian proxy voting is circuitous and results in complicated communications between issuers and investors that lack transparency and accountability. It […]
Read MoreThe UK’s M&A regulator, The Takeover Panel has concluded that the regime for hostile bids needs revision. Calls for a radical overhaul of the British approach to takeovers were made following the heated Kraft/Cadbury deal earlier this year. The Panel has rejected some of the more far reaching proposals mooted at the time but has conceded […]
Read MoreThe SEC is seeking investor input on its proposals to give shareholders a non-binding vote on executive compensation and some “golden parachute” severance arrangements. Under the proposed rules, publicly traded companies would have to provide shareholders with an advisory vote on executive pay and seek input from shareholders as to how frequently the say on pay vote will take place. Draft […]
Read MoreDespite the slowdown in economic growth over the last two years, the European market for socially responsible investment (SRI) market has almost doubled since 2008, and is now worth in the region of €5trn in assets under management. The findings, from Eurosif’s 2010 European SRI Study, highlight the scale of the European SRI Market as […]
Read MoreThe UK’s Association of Investment Companies (AIC) has published it’s latest Code of Corporate Governance for investment companies together with associated guidance. The new guides bring the AIC Code up to date with the the new UK Corporate Governance Code, the UK Stewardship Code and changes to the listing regime. Appendix 3 to the Guide provides a useful […]
Read MoreGender Diversity in the US Boardroom Female representation on U.S. corporate boards has not changed significantly over the last 10 years. Women make up just 12.7% of directorships in the S&P 1500 (based on board composition as of the 2010 annual meeting). The statistic is marginally better for the S&P 500 (15.7%), but in both […]
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