The 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 …

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“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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There’s no small irony that Lloyds Banking Group will be asking 2.8 million private shareholders to back its £13.5 billion fundraising, the biggest deal of its kind in UK history, on the same day that Sir David Walker makes his …

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RiskMetrics is to governance as Microsoft is to Internet browsers: discuss.

No, not the next MBA dissertation topic for students to grapple with – but it’s certainly worth a thought. And that’s not just Manifest’s view either. Two members of …

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Dell, the world’s second largest PC maker has agreed strengthen its accounting and corporate governance rules as part of a settlement tied to an investigation into its past accounting procedures. At the same time it will will also pay $1.75 …

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Five of Ohio’s public pension funds have joined California in pursuit of recompense from the three dominant credit ratings agencies (CRAs), Standard & Poor’s, Moody’s and Fitch. Ohio’s Attorney General, Richard Cordray estimates that the five funds involved in the …

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The government investigator charged with examining the collapse of the three Icelandic banks, Ólafur Þór Hauksson, has confirmed that 22 policemen and six French and Norwegian accountants have raided the offices of KPMG and PricewaterhouseCoopers (PwC) in Reykjavik, seizing documents …

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Mixed news from the US federal courts this week as John Chevedden faced up to Apache Corporation over his attempt to submit a shareholder proposal.

Chevedden’s troubles began when he sought to eliminate Apache’s supermajority voting requirement and introduce a …

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Intesa Sanpaolo, Italy’s biggest retail lender and the by-product of the takeover of Sanpaolo IMI by Banca Intesa is an excellent case study of a) how not to construct a post-merger board and b) how not to engage with shareholders …

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UBS shareholders now have six months to decide whether to file actions against the board after voting down the 2007 director liability discharge resolution.

A total of 52.8% of shareholders voted against the discharge for 2007 with 46% in support. …

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