The 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 …

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The 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
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The 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 …

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Despite 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, …

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The  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, …

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Gender 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 …

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While the Securities & Exchange Commission is busy with its implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, business lobby groups are attempting to derail attempts to give the owners of US corporations similar rights to those …

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$1 Salary Still Adds up to Millions for Ellison at Oracle

Despite voluntarily slashing his own salary to $1 last year, Oracle’s founder and CEO Larry Ellison remains one of the highest paid executives in corporate America. Based on estimates …

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The BBC’s Robert Peston has picked up on founding FSA chairman, Howard Davies’ critique on the causes of the Crash. According to Davies there were a total of 38 reasons. Peston goes on to argue that there were probably …

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Just as the governance community is beginning to feel it might explode if another consultation comes its way, the battle for regulatory attention over the parlous state of the proxy system is hotting up in the US.

Computershare, the global …

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