The proxy season is far from over, writes Allie Monaco, Head of Research at ProxyGovernance. In the last two weeks of May, nearly 170 shareholder proposals will come to a vote at 75 U.S. companies. Of these proposals, 35% relate …
Read MoreA new shareholder resolution, debuting at NYSE-listed General Electric Co.’s April 28 meeting, is asking the board to adopt a policy prohibiting any director receiving more than a 20% opposition vote from serving on a key board committee (audit, compensation …
Read MoreLeading US mutual fund manager Oppenheimer Funds has written to the SEC supporting improved disclosure of commercial relationships which might create a conflict of interest.
In a Sept.24 letter to the Securities and Exchange Commission commenting on the SEC’s proposed …
Read MoreThe UK’s Finanancial Reporting Council has issued a series of proposal to reform the UK’s corporate governance regime. What was previously called “The Combined Code” now becomes “The UK Corporate Governance Code” and, subject to consultation, will apply to all …
Read MoreUBS has confirmed that it will be seeking a formal liability discharge at next month’s AGM for the board members and senior executives involved in the bank’s management during the financial crisis.
No liability discharge resolution has been proposed for …
Read MoreAre some European issuers trying to avoid playing fair with their minority shareholders? With the news that USS and Hermes have now tendered their Océ shares after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension funds’ …
Read MoreShareholders are getting used to Lord Myners, the UK’s Financial Services Secretary, exhorting them to act responsibly, but his speech at the National Association of Pension Funds recent corporate governance seminar reveals some new insights.
Drawing on remuneration surveys from …
Read MoreThe Financial Reporting Council has welcomed the recommendations of The Walker Report and confirmed its committment taking ownership of the proposed Stewardship Code, subject to consultation.
The FRC is set to issue a report on its own review of the …
Read More“Where were the shareholders?” has not been far from the lips of global regulators, media and the general public over the past two years. While some funds have jibbed at the idea of become more closely involved in the stewardship …
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