Northern 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 …
Read MoreCattles plc has announced a clear-out of its Board following the completion of a forensic review into its impairment provisions:
- Norman Broadhurst (Chairman), who previously announced he intended to retire at the AGM, has stood down from the board with
Today’s climbdown by Marks & Spencer, courtesy of the decision of Steve Sharp and Stuart Rose to waive part of their Performance Share Plan awards, represents a victory for shareholders. However, the root cause of the problem – an over-generous …
Read MoreDCC plc have become the first Irish-incorporated company listed on the Irish Stock Exchange to include an advisory say-on-pay resolution on the agenda for the annual general meeting. In proposing the resolution, proposed on a voluntary basis as a management-sponsored …
Read MoreTimes City diarist Martin Waller asks “Is this the most spectacularly incompetent annual meeting ever?” referring to DataCash plc’s 10th June AGM which sought authorities for share issues and dis-application of pre-emption rights significantly outside the best practice guidelines.
Martin …
Read MoreGlaxoSmithKline’s May 20th AGM will be asking shareholders to exempt the auditor partner from signing the audit in his or her own name, the first such case noted by Manifest.
The company says that, ‘For many years, the Company and …
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