Yesterday’s news that JP Morgan has been hit with the largest fine ever handed down by the FSA might not appear to have any direct connection to shareholder stewardship, after all it wasn’t their securities servicing division found to be at fault. But bear with us. Banks have strict rules which require client assets to […]
Read MoreComing so late in the life of the current parliamentary term, the City may be forgiven for already turning attention from yesterday’s budget statement to post-election budgetary announcements for substantive financial and fiscal policy developments. However, hidden in the text of yesterday’s Budget Report is a potentially highly significant statement, which could make voting disclosure a […]
Read MoreManifest’s annual total remuneration survey, published in association with MM&K is now available. For more information about this essential resource for issuers and investors alike please Click Here >>
Read MoreIndia’s review of corporate governance prompted by the Satyam scandal is now expected to result in the issue of corporate governance guidelines by the end of December, according to India’s Corporate Affairs Minister, Salman Khurshid. The guidelines are expected to be voluntary for the first year and are expected to cover issues such as directors’ […]
Read MoreNew governance standards for UK-listed companies looks set to split investors over the FRC’s proposals that the 350 largest companies should propose all their directors for annual election. The UK Corporate Governance Code, formerly known as the Combined Code, sets out standards of governance for listed companies. Companies are required either to follow the Code […]
Read MoreTomorrow’s Company, the UK-based ‘think and do’ tank on successful, sustainable business yesterday launched their latest study “Tomorrow’s Corporate Governance: Bridging the UK Engagement Gap Through Swedish-style Nomination Committees”, at the opening of the ICGN mid-year conference at the Guildhall in London. The idea for the report came out of discussions with Cevian Capital, the Swedish active owner. […]
Read MoreChanges to SEC disclosure rules effective Feb. 28, 2010 require US listed companies to disclose the results of their meetings within four business days. This means that we are able to provide an overview of the season in a more-timely manner. PGI has put together a summary of the results for some of the more common shareholder […]
Read MoreThe California State Teachers’ Retirement System (CalSTRS), the second largest public pension fund in the United States, has endorsed the Stewardship Code for institutional investors, becoming the first US-based fund to back the policy, which it called a “standard for good corporate governance.” The Stewardship Code, for which the FRC is to take reponsibility for […]
Read MoreThe prospect of a new Stewardship Code appears to have re-ignited fresh enthusiasm for collaborative governance with the Institutional Shareholders Committee (ISC) announcing its intention to form a new body, to be called the Institutional Investor Council. The grand aim of the ISC creating the IIC is to “build a single voice for the institutional investor […]
Read MoreUS pay czar Kenneth Feinberg has announced that a number of the highest-paid executives at bailed out companies will have their remuneration cut by an average of 15 percent this year. Cash salaries will be set at $500,000 or less for 82 percent of the executives named in the ruling which takes in the top […]
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