The Fortis shareholders’ meeting in Ghent, Belgium was stopped for half an hour, according to Radio Netherlands, after the Tuesday meeting descended into chaos. Shareholders angry at the proposed sale of Fortis Bank to French BNP Paribas threw shoes, coins and ballot boxes at management and demanded the board’s resignation. The revolt was led Lawyer […]
Read MoreThe Shareholder Communications Coalition sent a letter to the Securities and Exchange Commission on Friday, April 24, 2009 in response to a recent article in the Wall Street Journal which suggested that the Commission may approve an amendment to New York Stock Exchange Rule 452 at staff level, instead of having the amendment considered by the full […]
Read MoreHong Kong is not generally noted for its progressive corporate governance regime. Critics have argued that its weak regulatory system has long favoured powerful tycoons. However, in a rare and dramatic turn of events, Hong Kong’s Securities and Futures Commission (SFC) has won its fight at the Court of Appeal to block PCCW chairman Richard […]
Read MoreBouygues, a constituent of the French blue-chip index, the CAC 40, is looking for shareholder approval for three potentially contentious proposals at the forthcoming AGM on 23 April. The most contentious proposal is Resolution 24, seeking an authorisation to issue ‘bons breton’ warrants. Legislation passed in France in 2006 allows directors, with shareholder approval, to […]
Read MoreLondon AIM-listed Sibir Energy plc, (SBE.LN), the Russian energy company listed on London’s Alternative Investment Market (AIM), has begun proceedings in the High Court against two of its former directors…
Read MoreSir Roderick Eddington will stand for re-election at the upcoming meetings of Rio Tinto plc and Rio Tinto Ltd, the two listed holding companies on the Rio Tinto group. Manifest’s research report ahead of the AGMs have noted a number of concerns in respect of Sir Roderick’s position on the Boards. He is a director […]
Read MoreTwo notable shareholder resolutions on both sides of the Atlantic have put the role of UK investors in pressing for change at quoted companies firmly in the spotlight. Texas Instruments (TI) has come under close scrutiny from RailPEN, the investment arm of the UK’s Railways Pension Fund and one of the UK’s largest pension investors. Resolution […]
Read MoreFiat has extended the deadline for the submission of slates of candidates for its Board of Directors and Board of Statutory Auditors, to be elected at the AGM on 27 March. With reference to the forthcoming General Meeting of Shareholders, the Company hereby reports that, according to law and the By-laws, candidate lists for election […]
Read More