It’s lucky for Xstrata that it’s listed in the UK rather than France otherwise their EGM results announcement would have a different story to tell about the level of shareholder unhappiness at yesterday’s meeting to approve the Glencore deal. Put …
Read MoreChrysalis is no stranger to director payoff issues, as reported in the Daily Telegraph last year. This year’s annual report is equally revealing. During 2008 Michael Connole received compensation for loss of office of £410,000, while Richard Huntingford received compensation …
Read MoreThe life insurance company Tower Australia Group Ltd, held its AGM on 11 February 209 and saw significant opposition from shareholders on resolution to approve the grant of 250,000 performance share rights to MD, Jim Minto. Australian companies are required …
Read MoreWhen it comes to incentive pay schemes, it’s rare to encounter a scheme that strays from the ‘tried and trusted’ EPS and TSR performance measures. Anything that seeks to focus to a significant degree on extra-financial performance measures is for …
Read MoreThe high-profile takeovers of ABN AMRO (by a consortium of Royal Bank of Scotland, Fortis and Banco Santander) and of Alcon by Rio Tinto have seen the acquirers scrambling to raise funding in recent months. Former RBS Chairman, Sir Tom …
Read MoreThe Board of Satayam is understood to be taking steps to remove the Company’s auditor, PriceWaterhouseCoopers, following the failure by the audit firm to detect the €1.5bn fraud. The Company has not however confirmed the move, although The Times of …
Read MoreThe UK Shareholders Association (UKSA) has formed a group to represent the interests of ordinary shareholders in Northern Rock amid accusations that the bank failed to make required disclosures to investors about the severe financial difficulties it faced.
UKSA believes …
Read MoreThe US Securities and Exchange Commission (SEC) has charged four more former executives of Nortel Networks, the communications company, with accounting fraud. The regulator is accusing former vice-presidents of Nortel’s optical, wireline, wireless and enterprise business units of manipulating …
Read MoreNearly 50% of the London Stock Exchange (LSE) has been purchased by rival sovereign backed firms from the Middle East.
Borse Dubai and US exchange Nasdaq have reached an agreement that will allow Nasdaq to win control of Scandinavian exchange …
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