Breaking news reports from Sky this morning suggested that Sir Fred Goodwin was considering repaying part of his controversial £703,000 per annum pension.

Sky’s Business Editor Jeff Randall said: “I understand that the Government, through UKFI and the Royal Bank …

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Former Northern Rock shareholders are challenging the UK government’s nationalisation terms in the British courts claiming that the Treasury’s conditions will result in little or no compensation. The case, which is expected to run for three days, is being brought …

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US Congressman Barney Frank’s Financial Services Committee has started its deliberations on the problem of executive pay. A total of eight witnesses including former Chief Accountant, U.S. Securities and Exchange Commission, Lynn Turner and noted academics Lucien Bebchuk and Kevin …

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The IASB has been defending it’s work to politicians, again.
International Accounting Standards Board chairman Sir David Tweedie was called to account this week at a meeting of European ministers in Luxembourg.  Discussing the IASB’s review of the controversial fair-value
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Manifest’s annual review of executive remuneration trendshas now been published and has received a positive response from a variety of market commentators including Robert Peston for BBC’s News at 10 and the BBC World Service’s European Business News.

 This …

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On Shareolder Voting Trends

… It shows that the average level of support for management proposals rose from 75.8% in 2006 to 84% last year. In Europe, Manifest, a shareholder-advice firm, says 97% of all shareholder votes cast in …

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The advisory vote on the remuneration report at AGM of OZ Minerals on 11 June is expected to see a very significant protest vote following the AU$10m severance payment received by former Oxiana CEO, Owen Hegarty, during the year. The …

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Did the Lloyds board act with sufficient care on the HBOS deal? Manifest takes a look at the legal aspects of directors’ duties in the context of one of this century’s most politically charged takeovers.

The 2006 Companies Act for …

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Mears Group,  which moved its listing from AIM to the Official List in June 2008, has fallen significantly short of the requirements of the UK Companies Act in the drafting of its remuneration report for the 2008 financial year.…

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Ryanair is asking the Aer Lingus to cut the salaries of its Chairman, Colm Barrington and the non-executive directors due to the airline’s ‘stated need to significantly reduce costs’. Ryanair, a 29.8% shareholder in Aer Lingus, has requisitioned two resolutions …

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