“He who dies with the most toys still dies” was a quote on the No Fear brand of T-shirts a few years ago. Funnily enough that saying came to mind when news of Amalgamated Bank’s shareholder proposals against “Golden Coffins” …
Read MoreToday’s climbdown by Marks & Spencer, courtesy of the decision of Steve Sharp and Stuart Rose to waive part of their Performance Share Plan awards, represents a victory for shareholders. However, the root cause of the problem – an over-generous …
Read MoreBreaking 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 …
Read MoreFormer 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 …
Read MoreUS 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 …
Read MoreThe 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
…
Read More
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 …
Read MoreOn 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 …
Read MoreThe 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 …
Read MoreDid 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 …
Read More