The 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 …

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One 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 …

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The 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 …

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There 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 …

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Leading 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 …

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Despite 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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How much more work should auditors do for quoted companies? How comfortable are shareholders with the potential for further dilution of the independence of the annual audit? We don’t have the answers immediately to hand, but responses to the Federation …

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The Manifest/MM&K Total Remuneration Survey 2009 was published this week. Here is the press coverage it has received so far:

Bloomberg: Chief executive officers at Britain’s leading 100 companies received pay increases last year even as the FTSE 100 Index …

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Nearly 180 shareholder proposals will come to a vote at 102 U.S. companies holding shareholder meetings between May 1 and May 15. Of these proposals, 35% relate to social and environmental issues (including, among others, climate change, sustainability, and political …

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Are some European issuers trying to avoid playing fair with their minority shareholders? With the news that USS and Hermes have now tendered their Océ shares after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension funds’ …

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