It’s lucky for Xstrata that it’s listed in the UK rather than France otherwise their EGM results announcement would have a different story to tell about the level of shareholder unhappiness at yesterday’s meeting to approve the Glencore deal. Put …
Read MoreThe UK’s FSA has moved swiftly to address the market’s concerns about rights issues timetable problems. Until mid-February 2009 the Listing Rules’ required a 21 day subscription period; this has now been reduced to 10 business days.
The new subscription …
Read MoreManifest is very sad to report the passing of Miss Kuny Kobayashi, the founder of Governance Visions, a Japanese proxy voting agency. We first got to know Kuny during Manifest’s partnership with IRRC and we were impressed with her determination …
Read MoreLet it not be said that the world of shareholder oversight and fiscal prudence is without its lighter moments. Here are two offerings from YouTube contributor LMcDuff with a musical take on the demise of the US financial system.
Wall …
Read MoreThe FSA’s new draft code of remuneration code of practice has put good governance front and centre by insisting that remuneration is tied to effective risk management. The proposed policy is a follow-up to the letters written to the CEOs …
Read MoreSome 31.1% of votes cast at the AGM of Novartis, held in Switzerland on Tuesday, supported the proposal by Ethos and eight other shareholders that the company should provide shareholders with an annual advisory vote on the remuneration report. A …
Read MoreLeading global investors, with assets totalling over $1.3 trillion, have written to US President Barack Obama urging the new administration to implement “critical” legal reforms to US financial markets and corporate governance practices.
The institutions, representing the pension savings of …
Read MoreThe US has taken another step forward to bring the US proxy process into line with the rest of the world. Late last week (20/02/2009) the Delaware State Bar Association received a number of proposed amendments from its Corporation Law …
Read MoreAs the Madoff and Sanford scandals have highlighted, co-operation between regulatory authorities is a crucial protection mechanism for shareholders. The news that the SEC is pulling away from its committment to work with the EU on audit inspection is therefore …
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