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Australian CEOs driving the governance agenda

Chief executives are more important in driving governance change at their companies than either chairmen or directors, a survey by the Australian Institute of Management (AIM) has found. Of those surveyed, 83% said chief executives are highly or very highly …

Australian governance “fit and well”

Corporate governance among Australian companies appears fit and well, is professionally administered and – despite frequently expressed concerns to the contrary – is not overly costly, a report conducted by the University of Technology Centre for Corporate Governance has found.…

Executive opportunities declining

The number of executive directors at the UK’s top companies has been declining for five years in a row, with a report from Deloitte showing the number of such positions has fallen by 20% over this period.

The report found …

Ryanair calls for Aer Lingus EGM

Ryanair has written to Aer Lingus to request an EGM so that shareholders can consider asking the airline’s board and management to maintain four daily flights between Shannon and Heathrow. Aer Lingus is planning to transfer its London flights from …

Academic Roundup – October 2007

Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues.

Hedge fund investor activism and takeovers
Robin Greenwood and Michael Schor, Harvard University

Hedge fund activism has limited scope to bring about …

24 deleted from FTSE4Good index amid controversy over Smithfield Foods

The latest review of the FTSE4Good index has seen 24 companies expelled for no longer meeting its corporate responsibility standards. These include Honda and Toyota, which failed to meet human rights criteria, and Alltel and Capital One Financial, …

Black managers overtake white in South Africa

Black representation in South African business has progressed much further than is generally accepted, with black representation at top management level growing by 55.9% from 2001-2006, a report by union body Solidarity has argued.

According to the report – The …

Women enjoying rapid promotion, but pay continues to lag

While women are enjoying faster career progression than their male colleagues, this is not being matched by their remuneration, and there is evidence efforts to redress the pay gap are beginning to stall, a survey by the Chartered Management Institute…

SEC pressed on climate change disclosure

A coalition of investors, US state officials and environmental groups have filed a petition with the US Securities and Exchange Commission (SEC) calling on the regulator to force companies to assess and disclose their financial risks from climate change.

The …

Group founded to represent Northern Rock shareholders

The UK Shareholders Association (UKSA) has formed a group to represent the interests of ordinary shareholders in Northern Rock amid accusations that the bank failed to make required disclosures to investors about the severe financial difficulties it faced.

UKSA believes …