The Securities and Exchange Board of India (SEBI) this week (16/03/2010) asked mutual funds to disclose their proxy voting procedures on their websites and in their annual reports with effect from the 2010-2011 fiscal year.

Additionally it has asked funds …

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Hermes, the fund manager owned by British Telecom Pension Scheme, has filed a shareholder countermotion in which it calls for shareholders not to elect Klaus Wucherer as the Chairman of the Supervisory Board but to appoint Willi Berchtold instead.

Mr. …

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Strewth, our antipodean friends don’t mince their words. Or very specifically, New Zealand’s Business Day blogger, Bruce Sheppard doesn’t.

As the Southern proxy season comes to a close (for our research team that is), we’ve been reflecting on the direct …

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Linking bonuses to the granting of shares or options seems a good idea . . .
… but it is not as simple as that and Britain’s businesses can see the pitfalls that many others cannot.

Jamie Stevenson of University …

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Norges Bank Investment Management (NBIM), the investment arm of the Norwegian central bank and asset manager for the Norwegian Government Pension Fund and the Government Petroleum Insurance Fund managing over NOK1,000bn (£107bn) in equity investments, has filed shareholder proposals at

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UBS shareholders now have six months to decide whether to file actions against the board after voting down the 2007 director liability discharge resolution.

A total of 52.8% of shareholders voted against the discharge for 2007 with 46% in support. …

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Following the December 2009 announcement MAN SE’s acceptance of the two administrative orders issued imposing fines on certain subsidiaries, and the closure of the internal investigations into the matter, attention now turns to the Group’s AGM on 1 April.

The …

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Lack of board independence may make UK investment trusts targets for activist shareholders according to Simon Westlake at City of London Investment Group, a big activist investor in emerging market investment trusts. “Some boards have been too much in the …

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After setting a new high-water mark in 2009 in terms of US shareholder proposals (more than five dozen) and support (one majority vote and three others exceeding 40% of the votes cast), proponents of climate change resolutions are gearing up …

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The Financial Reporting Council (FRC), the UK’s corporate governance regulator, wants to hear from institutional investors in the UK and overseas about its proposals for a new “Stewardship Code” aimed at creating best practice principles for investors when engaging with …

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