The Social Investment Forum (SIF) and the Interfaith Center on Corporate Responsibility have launched a website – www.SaveShareholderRights.org – as part of a campaign to oppose controversial US Securities and Exchange Commission (SEC) proposals they argue would seriously undermine investor rights. The groups are campaigning against three SEC proposals open for comment until 2 October. […]
Read MoreTop UK companies are increasingly incorporating non-financial factors such as customer satisfaction into executive bonus plans, accountancy firm PricewaterhouseCoopers (PwC) has found. PwC’s research revealed that the number of companies offering bonus plans based on purely financial measures has halved over the past year, falling from 33% in 2005/06 to 17% in 2006/07. This has […]
Read MorePension funds surveyed by the National Association of Pension Funds (NAPF) are working more closely with the companies they invest in to actively promote corporate governance. More than three quarters of these funds have helped change remuneration packages, board membership or corporate strategy, and eight out of ten funds believe governance standards are continuing to […]
Read MoreNasdaq, the US exchange, wishes to divest its 31% stake in the London Stock Exchange (LSE). Nasdaq built up its stake earlier this year during the course of an unsuccessful takeover bid, and earlier in August backed an LSE/Borsa Italiana merger that will significantly dilute this holding. Nasdaq said that it does not believe the […]
Read MoreSome 23% of FTSE 350 companies are not adequately reporting to shareholders on the activities of their audit committees, producing in effect little more than a summary of the committees’ terms of reference, research by the Local Authority Pension Fund Forum (LAPFF) has found. The LAPFF also found that the standard of audit committee reporting […]
Read MoreManifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Reputational Sanctions in China’s Securities Market Benjamin Liebman and Curtis Milhaupt, Columbia Law School Public criticism of listed companies by the Shanghai and Shenzen exchanges is having a significant effect on corporations and their executives, according to […]
Read MoreLarge companies would be forced to disclose their greenhouse gas emissions to a common standard under proposals by Conservative Party think tank the Quality of Life Policy Group. The Group, chaired by former environment minister John Gummer, was formed by David Cameron to provide independent input to the Conservatives on every aspect of the “quality […]
Read MoreManifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Do IFRS/UK-GAAP reconciliations convey new information? Edward Lee and Martin Walker, University of Manchester – Division of Accounting & Finance; and Hans Christensen, Manchester Business School. IFRS reconciliations issued by UK companies provide new information to the […]
Read MoreManifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. The Special Interest Race to CEO Primacy and the End of Corporate Governance Law Steven Ramirez, professor of law, Loyola University of Chicago School of Law This paper argues that recent fears US corporate governance has moved […]
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