In December 2007, ASIC commenced civil penalty proceedings in the Supreme Court of Victoria against six former directors and officers of AWB Ltd, the ex-ASX 100 constituent. The trial against the former CEO, Andrew Lindberg began in the Victorian Courts …
Read MoreThe UAE is paving the way for a tougher regulatory regime according to Emirates regulatory affiars officer Maryam al Suwaidi. Speaking at the First Abu Dhabi Corporate Governance Conference on Wednesday, al Suwaidi said that the Emirates Securities and Commodities …
Read MoreAs G20 leaders convene in the USA this week, the European Commission has announced its plans to create a tougher financial regulation framework for EU member states. “This European system can also inspire a global one and we will argue …
Read MoreCiting the pressures of the “financial crisis” the ING Trust Office has stepped back from its committment to review its role in voting the un-voted shares at Dutch BOFI, ING Group.
Foreign shareholders will be dismayed to see that despite …
Read MoreEasyjet has joined the ‘remuneration-report hall of shame’ following yesterday’s AGM when 28% of shareholders opposed its remuneration report. The revolt puts the low cost airline in the company of Shell, Grainger, Punch Taverns and who have all suffered remuneration …
Read MoreMost investment managers are voting proxies without guidance from clients, according to a new survey released this week by the Canadian Shareholder Association for Research and Education. In its annual proxy survey, SHARE reports that 71% of investment managers say …
Read MoreLong-term investors with a focus on overseeing their investments will play a vital role in improving governing practices of companies in which they invest, which can in turn help to avoid future financial crises, according to a new policy brief …
Read MoreEthos have announced that eight of the 20 companies included in the Swiss SMI Index have now agreed to implement a vote on remuneration issues.
In the autumn of 2008, Ethos and eight Swiss pension funds filed a “say-on-pay” resolution …
Read MoreShareholders have today seen an early benefit of the recently implemented Shareholder Rights Directive, as Ryanair finally disclosed the voting results of one of its AGMs for the benefit of those shareholders unable to attend the meeting in person. Earlier …
Read MoreThe Swedish government has stepped in to halt incentive-based pay plan for executives at mobile phone operator TeliaSonera. At Wednesday’s AGM in Stockholm, the government used its 37 per cent stake to force through changes to the company’s pay structure …
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