The 2009 update to the ABI Guidelines on Executive Remuneration will be a disappointment to many investors. The amended guidelines fail to deal with some of the key structural deficiencies in executive pay practice and guidance – a contributory factor …
Read MoreMary Schapiro, chairman of the Securities and Exchange Commission is a step closer to straightening out America’s proxy plumbing. In a speech made at the Stanford University Law School Directors College on June 20th, Schapiro outlined the Commission’s current thinking.…
Read MoreThe $185 million in civil and criminal payments agreed in a U.S. courtroom last week by the German car maker Daimler have been widely reported. What has been less well covered is the role of the internal audit team that …
Read MoreReaction to the new remuneration disclosure requirements set out by the Comissão de Valores Mobiliários (Securities and Exchange Commission of Brazil, or “CVM”), have been mixed, ranging from full and immediate compliance to complete revolt – with some companies filing …
Read MoreAs Western economies tie themselves in knots trying to protect financial markets from future harm and arguing about what role governance plays in that process, commentators have been struggling to define governance and who should be responsible for it. We …
Read MoreThe activist shareholder Guy Wyser-Pratte has challenged the outcome of the AGM of Lagardère, held on 27 April, and requested the French market regulator, the AMF, to verify the procedures for the transmission of the votes submitted to the meeting.…
Read MoreAs shareholders are asked to get more involved with executive pay monitoring, the problem for many investors is how to judge what is reasonable – traditional bonus plans have resulted in plans which are not aligned with performance. Basing bonuses …
Read MoreNew research from Manifest’s US partner ProxyGovernance Inc reveals just how rapidly support is growing for E&S votes at US companies. For the first time, E&S resolutions have represented the largest portion of shareholder proposals. Although the number of resolutions …
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