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 Shannon to Belfast. The Irish government holds a 25% stake in Aer Lingus, and Ryanair […]

Vernon 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 both Sankey and the company’s chief executive, Serge Crasnianski. Sankey will be replaced on an interim […]

CalPERS, the activist US pension fund, filed nearly double the number of shareholder proposals in 2006/07 as in the previous 12 months. What is more, all of the six CalPERS proposals that appeared on proxy ballots in the first half of 2007 received investor votes averaging over 60%. This includes shareholder support of 77% for […]

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. […]

Pension 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 […]