Financial News, the weekly journal from the Dow Jones/Wall Street Journal stable has published its 2009 survey of Top 100 Women in Financial Markets. This is the survey’s third year of publication and Manifest’s CEO, Sarah Wilson has joined the list for the first time. The unranked list contains some familiar City names and is drawn […]
Read MoreThe regulatory function of the Swiss stock exchange has begun an investigation into UBS for possible breaches of the rules regarding the publication of price sensitive information. The investigation relates to the period from 2007 to the end of 2008. Further, the investigation will review the company’s 2008 annual report for possible breaches of the […]
Read MoreWith the AGM of Fairfax Media due to be held on 10 November, Fairfax directors John B Fairfax and his son Nicholas have released a public statement indicating that the will vote against the re-election of the Chairman, Ron Walker, at the AGM. This follows comments by Walker on Thursday in the Australian Financial Review […]
Read MoreThe German Bundestag has adopted the Gesetz zur Angemessenheit der Vorstandsvergütung (Act on the Appropriateness of Management Board Remuneration or VorstAG). The objectives of the new Act are to ensure a greater focus on incentives concerning the company’s long-term development, to make it easier to cut pay when a company’s situation deteriorates while creating clear […]
Read MoreFollowing on from the creation of the SEC’s Investment Advisory Committee, we now have details of its three working sub-committes which will focus on investor education, investor protection, shareholder voting and corporate governance. The SEC’s Investor Advisory Committee is co-chaired by Richard Hisey from AARP Financial and Hye-Won Choi from TIAA-CREF, in consultation with SEC Commissioner […]
Read MoreAlmost one year to the day since the collapse of Lehman Brothers, US federal Judge Jed Rakoff stepped up to protect the interests of shareholders in the on-going battle between owners and regulators. In a scathing judgement, Rakoff has rejected the $33 million settlement between Bank of America and the SEC which aimed to settle allegations that by […]
Read MoreSeptember has been a busy month so far with a number of newspapers and websites picking up our analysis of voting trends around Europe. BBC >> City AM >> Directorship >> De Tijd >> Evening Standard >> Financial News >> Guardian Survey of Executive Pay >> Guardian Editorial >> Wall Street Journal >> Please note that some […]
Read MoreThe Guardian’s annual survey of executive pay has been published, and reveals a 10% increase in basic salary for executives at FTSE 100 companies. Today’s Guardian editorial cites voting data from Manifest noting that dissenting votes on remuneration reports in the year to 31 July was circa 12% while dissent on long-term incentive plans was […]
Read MoreIn a tale of financial engineering and dubious corporate governance standards, the consortium of businessmen behind the collapsed British car company, MG Rover, face being banned as company directors following the publication of a Government report investigating their role in the company’s demise. Former Rover executive John Towers, Rover dealer John Edwards, Peter Beale, a board […]
Read MoreIn a pre-trial debate, AWB has stated that it does not consider “transport fees” paid to a Jordanian transport company, which had close connections to the Iraqi government, to be a bribe. The Age has reported that the pre-trial debate focused on whether the Office of National Assessments was entitled to avoid producing documents to […]
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