As Prudential has recently found to its cost, it’s generally worth while keeping shareholders in the loop. Whereas UK and European companies are generally welcoming of investor dialogue to the extent it is enshrined in national governance codes, any meaningful …
Read MoreShareholders don’t like it, nor do the regulators. It’s expressively forbidden to be included in appraisals. Unfortunately, evidence uncovered by the Financial Reporting Council’s Audit Inspection Unit (AIU) shows that the controversial practice of selling non-audit services to audit clients …
Read MoreCalPERS and 20 other public pension plans have written to key US lawmakers urging them to keep corporate governance provisions in the final version of a proposed financial regulations reform bill.
The US House of Representatives and Senate have each …
Read MoreThe SEC has confirmed that it will be issuing a green paper on proxy reform later this year. Speaking at a Business Roundtable quarterly meeting last week, SEC Chairman, Mary Schapiro said: “the mechanics of the proxy process have not …
Read MoreRailPen would very much like to know what their fund managers are doing to address this key sustainability issue. And to help them with their review, they have worked with HSBC and Linklaters to develop a 77 question Risk Audit …
Read MoreThe Institutional Investor Council (IIC), the successor body to the Institutional Shareholders’ Committee (ISC), has started to lay out its stall on possible work programmes. Speaking at the IMA’s annual dinner in the City of London this week, Douglas Ferrans, …
Read MoreConference key note speeches came thick and fast at the ICGN’s London conference at the Guildhall this week. The three leading actors in the UK’s governance reform, Sir David Walker, Lord Myners and Sir Christopher Hogg each presented their individual …
Read MorePeter Dey, the architect of Canada’s first corporate governance guidelines for boards, is convinced that the power of directors has been eroded on that balance of power has shifted too far to shareholders on key issues.
Dey’s remarks were made …
Read MoreThe ASX Corporate Governance Council has released a communiqué on its recent work programme and it proposal to make changes to the ASX Corporate Governance Principles and Recommendations (‘the ASX Code’) with an expected implementation date from 1 July 2010.…
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