The Australian Securities and Investment Commission this week announced it intended bringing civil charges against the enitre 2007 board and a former Chief Financial Officer of various entities withing the Centro Properties Group and Centro Retail Group.
This is the …
Read MoreOne of the world’s largest sovereign wealth funds, Norway’s $325 billion oil fund, has written to Volskwagen AG expressing its “deep concern” about the Porsche merger saying the deal favors the Porsche and Piech families which together own 51 percent …
Read MoreLeading UK pension investors Hermes and Universities Superannuation Scheme have asked the Dutch Enterprise Chamber to intervene in the Canon-Océ takeover deal. The funds, which collectively own 5.1% of the company have called for an investigation into the negotiations between …
Read MoreWe noted last month that Australia’s Productivity Commission had released a detailed discussion document which included a package of suggested changes to the Corporations Act and ASX listing rules. Over 50 submissions were made to the Commission following the publication …
Read MoreIt’s interesting to compare and contrast the approach taken by securities regulators in relation to complaints and investigations. Last week the Swiss regulator, SIX Exchange Regulation, announced that it had begun an investigation into possible breaches of the Directive on …
Read MoreA recent article from The Economist has highlighted another real-world connection between firm performance and governance structures.
Commenting on the massive accelerator safety recall and how the Toyota management has handled itself, the Economist points out that the problems it …
Read MoreThe report of the High Court Inspector into the affairs of DCC plc, S&L Investments Limited and Lotus Green Limited was published by order of the Court this week.
The main events (previously covered in Manifest’s Agenda newsletter) preceding the …
Read MoreIn early September, Manifest filed a complaint with the Irish Stock Exchange against Ryanair regarding a breach of their obligations under the Listing Rules. We noted that while Provision D.2.2 of the Combined Code recommends disclosure of the proxies lodged …
Read MoreDell, the world’s second largest PC maker has agreed strengthen its accounting and corporate governance rules as part of a settlement tied to an investigation into its past accounting procedures. At the same time it will will also pay $1.75 …
Read MoreTwo US pension funds, the City of Westland Police & Fire Retirement System and the Massachusetts Bricklayers and Masons pension fund have filed a class action lawsuit against Alcon, Novartis and Nestlé, alleging that Novartis’ recent offer for Alcon discriminates …
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