The Bundesrat is expected to ratify Gesetz zur Angemessenheit der Vorstandsvergütung – VorstAG today, following its approval by the Bundestag on 18 June 2009. The new law will then come into effect upon its publication in the German Federal Law …
Read MoreThe Australian Securities Exchange (ASX) has published its latest analysis of reporting against the ASX Corporate Governance Council’s Principles and Recommendations and finds that companies and trusts are continuing to improve their corporate governance reporting.
ASX’s supervision subsidiary, ASX Markets …
Read MoreNine out of ten audit committee members say that the recession has increased the risk of earnings management and other misconduct – and yet fraud risk was the issue committees felt they were least effective at overseeing.
Research by KPMG’s …
Read MoreThe Department for Business, Innovation and Skills has this week announced The Companies (Shareholders’ Rights) Regulations 2009 (to come into force on August 3rd), signalling completion of the final legislative stage of the European Shareholders’ Rights Directive. The Directive …
Read MoreThe governance issues raised by the Marks & Spencer AGM and Manifest’s analysis of the outcome received broad coverage in the UK press and broadcast media. In addition to newspaper coverage, Manifest was asked for its input on BBC Radio …
Read MoreThe LAPFF took their place in the governance history books today. Although they failed to come close to the super-majority needed to have their resolution calling for an independent chair passed, they have achieved a remarkable result. Taking into account …
Read MoreGovernance veteran Bob Monks recently attended the London Business School’s Colloquium on Corporate Governance, an invitation-only event comprising 75 of the leading governmental, private sector business and investors in the UK who convened to consider recent governance failings.
Bob was …
Read MoreResolution 8 at today’s AGM covers the re-election of Louise Patten, chair of the remuneration committee, who has overseen the unpopular payouts of the performance/retention awards.
‘These are clearly retention awards, not exceptional awards and they should have just been …
Read MoreTesco’s AGM today saw the largest against vote (41.03%) against a share plan at a FTSE 100 company since Manifest began collecting voting data in 1996. When analysed including abstentions, it was the largest rebellion in the FTSE 100 in …
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