DCC plc have become the first Irish-incorporated company listed on the Irish Stock Exchange to include an advisory say-on-pay resolution on the agenda for the annual general meeting. In proposing the resolution, proposed on a voluntary basis as a management-sponsored …
Read MoreJapan is famed in the West for many stereotype images, cherry blossom, salary men, overcrowded commuter trains and for those of us in the world of governance, a chaotic proxy season. But back to the commuter crush. Many Japanese women
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Former Northern Rock shareholders are challenging the UK government’s nationalisation terms in the British courts claiming that the Treasury’s conditions will result in little or no compensation. The case, which is expected to run for three days, is being brought …
Read MoreUS Congressman Barney Frank’s Financial Services Committee has started its deliberations on the problem of executive pay. A total of eight witnesses including former Chief Accountant, U.S. Securities and Exchange Commission, Lynn Turner and noted academics Lucien Bebchuk and Kevin …
Read MoreThe IASB has been defending it’s work to politicians, again.
International Accounting Standards Board chairman Sir David Tweedie was called to account this week at a meeting of European ministers in Luxembourg. Discussing the IASB’s review of the controversial fair-value
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US investors concerned about the delays in the official announcements of voting results are not waiting for the SEC or New York Stock Exchange to make new rules but are taking matters into their own hands. Just as in Europe, …
Read MoreTimes City diarist Martin Waller asks “Is this the most spectacularly incompetent annual meeting ever?” referring to DataCash plc’s 10th June AGM which sought authorities for share issues and dis-application of pre-emption rights significantly outside the best practice guidelines.
Martin …
Read MoreThe US Treasury has announced the appointment of a “special master” to oversee executives’ compensation at U.S. companies receiving large amounts of government aid, with the power to reject pay plans deemed excessive. Kenneth Feinberg, a lawyer who oversaw payments
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The public inquiry into the regulatory framework around remuneration of directors and executives of companies regulated under Australia’s Corporations Act continues and a draft report is in preparation. Some 79 initial submissions have received by the Productivity Commission inquiry. Public …
Read MoreSeveral banks are cutting back their analysis of companies’ socially responsible policies, according to Thomson Reuters, which does a regular survey of equity analysts …… Sarah Wilson, the chief executive of shareholder adviser Manifest, was more concerned about the impact …
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