Annual reports are the bread and butter for corporate governance analysts. Here at Manifest we eat our way through almost 4,000 of them every year. You don’t need to take our word for it that they are of, shall be
The AGM of Quintain Estates & Development plc, to be held on 9 September, will again include a separate resolution to approve the report of the Audit Committee. Furthermore, shareholders will be asked to vote on the re-election of the …
Read MoreThe New South Wales Supreme Court has imposed bans and penalties on former directors and officers of James Hardie following the ruling in April 2009 by Justice Ian Gzell that the ten had breached their duties to the company in …
Read MoreFortisEffect, the group of dissident shareholders opposed to the break-up and nationalisation of Fortis, has lost its attempt to stop the break-up of the company. The commercial court in Amsterdam earlier this week ruled that it could not freeze the …
Read MoreWelcome news this week about Japanese corporate governance developments from Washington-DC based Council of Institutional Investors. Jonathan Urick, CII’s international governance policy co-ordiantor met with Makoto Seta and Toshiya Otsu of the Japanese Financial Services Agency (FSA) to discuss their …
Read MoreManagement buy-outs remain a key area of governance concern; the protection of the minority shareholders is of vital importance and constant vigilance is called for. Companies with a controlling shareholder in particular require an ever greater level of attention, especially …
Read MoreNorthern Rock’s former shareholders have lost their bid for a judicial review of the nationalisation compensation scheme but have vowed to press their claims in the the House of Lords and, potentially, the European Court of Human Rights. The House …
Read MoreThe Accountancy and Actuarial Discipline Board (AADB) has announced that it will investigating PricewaterhouseCoopers LLP and its staff in relation to its role as auditor to struggling sub-prime lender Cattles Plc.
As previously reported on Manifest-I, Cattles has sacked six …
Read MoreThe UK Government and Treasury has, perhaps not entirely surprisingly, warmly welcomed Sir David Walker’s proposals for the reform of the corporate governance of UK banks. At the same time, Lord Myners, the Financial Services Secretary to the Treasury has …
Read MoreThe LAPFF took their place in the governance history books today. Although they failed to come close to the super-majority needed to have their resolution calling for an independent chair passed, they have achieved a remarkable result. Taking into account …
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