The European Commission has published its formal proposal for the much-leaked update to the 2007 Shareholder’s Rights Directive. It forms a part of the “road map” for the Commission’s 2012 company law and corporate governance action plan which is …
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The trouble with proxy advisors….
Is that everyone loves to hate them but, investors at least, can’t actually do their jobs without them. If we didn’t exist we’d have to be invented. So, what’s to be done?
Yes, true, that …
Read MoreIt hardly comes as a surprise that two in five UK plcs find that proxy analysts have a so-called “negative influence” on the relationship between companies and their investors (Financial Times: “Proxy agencies fail to tick boxes” July 1, …
Read MoreProbably the most un-noticed consequence of the battle around the ill-fated Royal Bank of Scotland acquisition of ABN-AMRO has been the subsequent limitation of shareholders’ rights in the Netherlands.
At the start of July a number of significant amendments Dutch …
Read MoreIt’s being quite a few days for corporate governance. First, the unprecedented (at least since our records began in 1996) shock yesterday of Sir John Bond’s ejection as Chair of Glencore Xstrata, whilst in the same week, the PR chicanery …
Read MoreLast week, the UK Competition Commission published its provisional findings in its investigation into the provision of statutory audit services in the UK. Unsurprisingly, the findings show that there are obstacles to competition, as if we didn’t know that already. …
Read MoreESMA has now released its final report on ‘The Proxy Advisor Industry’. It’s key recommendation, after long deliberation, is that there is “no current market failure related to proxy advisors interaction with investors and issuers in the European Union …
Read MoreGuest post by:
Magnus Furugård, President and Managing Director, GES International, a Manifest partner
Asset owners and asset managers should engage more strongly on ESG performance with the banks in order to contribute to a more sustainable financial sector, …
Read MoreProfessor John Kay has published his review of equity markets and long-term decision making which was commissioned by the UK’s Business Secretary Vince Cable.
Here are the key recommendations, source: Kay review – Final Report July 2012
1. The Stewardship …
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