Hot Issues Archives

Manifest-I reader offer – 20% off “Greenhouse Gas Management”

Manifest-I readers can claim an exclusive 20% discount on Dr Rory Sullivan’s latest report: ” Corporate Greenhouse Gas Management”.

This report offers practical recommendations to companies seeking to respond effectively to climate change-related business drivers while also offering them the …

Running the Stewardship Race: What Will Define London 2012?

We are already fast approaching the anniversary of the first investor disclosures in response to the UK Stewardship Code: the raft of reviews and evaluations as to its impact is sure to begin soon, especially with the notion of a …

EU Green paper – Comply or Explain or Else……..

EU Commissioner Michel Barnier’s Green Paper on Corporate Governance closed for consultation on Friday. The irony of the US declaration that shareholders cannot nominate their own directors coming out on the same day will not be lost on the governance …

Shareholders can’t hold companies to account say US courts

When market commentators talk about corporate governance they often refer to the “Anglo-American Model” of governance, as opposed to the EU’s stakeholder orientated approach. Friday’s decision by the US courts to reject shareholder “proxy access” should leave observers in no …

Corporates hit out at short-termism review

The UK’s Institute of Directors has hit out against the proposed review of executive pay and short-termism in the City. Speaking to the Daily Telegraph, Miles Templeman, Director General of the leading corporate lobby group expressed deep reservations that …

In the Pipeline

Shareholders of JD Sports Fashion plc will note a massive 66% salary increase awarded to the executive chairman (from £423k to £700k) when considering the company’s remuneration report. Additionally, the remuneration committee is seeking shareholder approval for the chairman’s proposed …

Proxy censorship – or the SLAPP suit

We’ve never heard of a SLAPP suit before, or not until Wall Street Journal reported on the KBR/Chevedden case on Monday morning: Firms Try New Tack Against Gadflies: Corporations Look to Block Shareholder Activists’ Proposals by Challenging the Size of …

Let’s not do that – we can’t ask the shareholders in time!

Debate at the recent meeting of the European Corporate Governance Forum (ECGF) on the subject of related party transactions, ahead of the publication of a statement on the subject, underlined again the problems faced by European companies in effectively communicating …

Henderson EGM – two counts of votes to satisfy dual listing requirements

Update 14 March 2011: The Company’s legal advisors have confirmed to Manifest that all shareholders are entitled to vote on the single resolution to approve the transaction. The votes will be counted twice – the first time to satisfy the …

Voting and the laws of unintended consequences

It would be fair to say that the importance of shareholder voting has enjoyed an increasingly higher profile in recent years, not least in response to the financial crisis. Just within the UK investment context, initiatives such as the Myners …