Hot Issues Archives

Sibir Energy presses case against former directors

London 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, Henry Cameron, former chief executive, and Chalva Tchigirinski, a property …

Eddington re-election concerns at Rio Tinto

Sir 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 …

Meggitt CEO’s underwater options to have exercise period extended

At the AGM of Meggitt plc, shareholders will be asked to amend the period following the cessation of employment during which options under Part B of the plan (the part not Inland Revenue approved) may be exercised. It is proposed …

Joint Chair/CEO – UK shareholders push for change

Two 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 …

Fiat extends Board slate nomination deadline

Fiat 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,

Board slate nominations open at Fiat

Fiat has released its notice of AGM, with the first call due to be on 26 March and the meeting expected to be held on the second call on Friday 27 March. With the board structure following the traditional …

UNPRI calls for investment in oversight

UNPRI’s Board has this week issued an eight point action plan calling for more investment in active ownership and oversight.

In an open admission that investors have had a role to play in current difficulties, Donald MacDonald, Chair of the …

Dutch Finance Minister Bos Slams Shareholders

Dutch Finance Minister Wouter Bos today hit out at shareholders for doing ‘virtually nothing’ to prevent the current financial crisis.

Speaking to the International Corporate Governance conference in Amsterdam, Bos used the platform as an opportunity to make a forthright …

Wall Street Meltdown…

Let it not be said that the world of shareholder oversight and fiscal prudence is without its lighter moments. Here are two offerings from YouTube contributor LMcDuff with a musical take on the demise of the US financial system.

Wall …

Chrysalis Director Payoffs

Chrysalis is no stranger to director payoff issues, as reported in the Daily Telegraph last year. This year’s annual report is equally revealing. During 2008 Michael Connole received compensation for loss of office of £410,000, while Richard Huntingford received compensation …