The SEC has reaffirmed its commitment to reform the US proxy voting system. In a speech to Chicago’s Northwestern University School of Law on October 2nd Commissioner Elisse B. Walter outlined the SEC’s position on the mechanics of shareholder voting: …
Read MoreXstrata may find that its remuneration report resolution hits the headlines yet again on May 5th. Against a backdrop of general public hostility towards high director bonuses and greater shareholder scrutiny on remuneration reports resolutions, resulting in higher …
Read MoreA recent article from The Economist has highlighted another real-world connection between firm performance and governance structures.
Commenting on the massive accelerator safety recall and how the Toyota management has handled itself, the Economist points out that the problems it …
Read MoreThirty US investors representing assets over $1 billion to have written to 17 financial companies asking for a say on pay this proxy season. The letter, addressed to addressed to the CEO and Chairs of the Compensation and Governance Committees …
Read MoreThe report of the High Court Inspector into the affairs of DCC plc, S&L Investments Limited and Lotus Green Limited was published by order of the Court this week.
The main events (previously covered in Manifest’s Agenda newsletter) preceding the …
Read MoreThere’s no small irony that Lloyds Banking Group will be asking 2.8 million private shareholders to back its £13.5 billion fundraising, the biggest deal of its kind in UK history, on the same day that Sir David Walker makes his …
Read MoreIn early September, Manifest filed a complaint with the Irish Stock Exchange against Ryanair regarding a breach of their obligations under the Listing Rules. We noted that while Provision D.2.2 of the Combined Code recommends disclosure of the proxies lodged …
Read MoreUS president Barack Obama took his fight for financial reform to the heart of Wall Street this week and described the role of shareholders as “the last key component”.
As the US administration faces up to a tough fight in …
Read MoreRiskMetrics is to governance as Microsoft is to Internet browsers: discuss.
No, not the next MBA dissertation topic for students to grapple with – but it’s certainly worth a thought. And that’s not just Manifest’s view either. Two members of …
Read MoreThe Norwegian Ministry of Finance has completed the disposal of 17 companies that produce tobacco from the Government Pension Fund Global (GPFG). The divestment was based on a recommendation from the Fund’s Council on Ethics.
“When the Graver Committee proposed …
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