A French judge has order seven executives at Vivendi to stand trial over alleged financial wrong doing. The executives include Jean-Marie Messier, Edgar Bronfman Jr and Guillaume Hannezo (former Chief Financial Officer). Reuters has reported that the charges include divulging …
Read MoreThe UK’s High Court has granted an injunction prohibiting the Director of the Serious Fraud Office (SFO) from taking any further steps in its plea bargain settlement with BAE Systems.
SFO has been investigating alleged bribery and corruption in BAE’s …
Read MoreBall Corp, an Indiana-incorporated company, has faced shareholder proposals in four of the past five years (2005, 2006, 2008 and 2009) to declassify its board. In each year, despite board opposition, the proposal received majority support from shareholders voting for …
Read MoreThe 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 …
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