As if proxy fights don’t have enough drama, the New York Times’ DealBook reports that a new fight is brewing between a Pershing Square dissident nominee for a seat on the board at Target Corp. and the company. The nominee, …
Read MoreThe Conference Board Governance Center has got together with Damien Park of Hedge Fund Solutions to produce guidance and a checklist of issues for boards to consider in their relations with shareholders. In particular the report is focused on how …
Read MoreOne of Canada’s leading newspapers, the Globe & Mail, is striking the death knell for The Ontario Teachers’ Pension Plan’s role in promoting good governance in Canada.
Their gloomy analysis comes after the pension fund announced and 18% loss …
Read MoreUNPRI’s Board has this week issued an eight point action plan calling for more investment in active ownership and oversight.
In an open admission that investors have had a role to play in current difficulties, Donald MacDonald, Chair of the …
Read MoreThe Millstein Center for Corporate Governance and Performance at the Yale School of Management has made a series of proposals to boost transparency among institutional investors and the proxy voting services that advise them. In addition to investor transparency about
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Leading 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 MoreManifest has recently published its findings on voting at UK shareholder meetings in 2008 and this prompted suggestions that we should make a submission to UK’s Treasury Select Committee on the Banking Crisis.
The Committee is still taking evidence and …
Read MoreVernon Sankey has stepped down as chairman of Photo-Me International with immediate effect, prompting the photo booth operator’s principal shareholders to withdraw an EGM requisition seeking his removal.
Cycladic Capital and Principle Capital were seeking the immediate removal of …
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