Next week’s vote on the appointment of KPMG plc at Rentokil (15 May) looks to be more than usually interesting. While the cut price deal struck by KPMG offers a 30% headline discount, concerned investors are questioning the real hidden …
Read MoreUBS has confirmed that it will be seeking a formal liability discharge at next month’s AGM for the board members and senior executives involved in the bank’s management during the financial crisis.
No liability discharge resolution has been proposed for …
Read MoreWhile shareholder resolutions and countermotions are still relatively rare in Europe, they are a core feature of the US market. Here Allie Monaco of ProxyGovernance has highlighted some of February and March’s more interesting proposals.…
Read MoreThe NAPF has written to the Chairmen of all FTSE 350 companies urging executive pay restraint and making it clear that company remuneration should be aligned with the long-term interests of shareholders, including pension funds. The letter suggests that a …
Read MoreThe Australian Securities and Investment Commission this week announced it intended bringing civil charges against the enitre 2007 board and a former Chief Financial Officer of various entities withing the Centro Properties Group and Centro Retail Group.
This is the …
Read MoreOne of the world’s largest sovereign wealth funds, Norway’s $325 billion oil fund, has written to Volskwagen AG expressing its “deep concern” about the Porsche merger saying the deal favors the Porsche and Piech families which together own 51 percent …
Read MoreThe UK’s Investor Relations Society is seeking to put its members at the heart of the governance role according to a guidance consultation published this week. The consultation is the Society’s response to the FRC’s own consultation on the UK …
Read MoreThere is no benefit to be gained from a complete prohibition on auditors providing non-audit services to their listed clients.
That’s the view of a new research paper published by a Working Group established by the Institute of Chartered Accountants …
Read MoreLeading UK pension investors Hermes and Universities Superannuation Scheme have asked the Dutch Enterprise Chamber to intervene in the Canon-Océ takeover deal. The funds, which collectively own 5.1% of the company have called for an investigation into the negotiations between …
Read MoreDespite tumbling stock market valuations the impact of overseas shareholders in the UK stock market is greater than ever. This could have far reaching implications for the UK government’s attempt to beef up corporate governance.
According to figures released this …
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