Shareholders 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 both sides of the Atlantic, Myners noted that in as little as a decade, executive […]
Read MoreUS president Barack Obama took his fight for financial reform to the heart of Wall Street this week and described the role of shareholders as “the last key component”. As the US administration faces up to a tough fight in the Senate on Monday, Obama outlined his vision of a financial system that did not “have to choose […]
Read MoreLeading US shareholder advocate Richard Ferlauto, has been appointed as deputy director of policy for the Securities & Exchange Commission’s Office of Investor Education and Advocacy (OIEA). Since 2002 Rich has been director of corporate governance and public pension programs at the American Federation of State County and Municipal Employees where he was instrumental in proposing […]
Read MoreAs the consultation on the UK’s Stewardship Code draws to a close, the UK’s reporting regulator, the FRC, has moved to strengthen its secretariat with the appointment of ABI governance veteran, Peter Montagnon. Montagnon will join his former ABI boss Stephen Haddrill, on June 1st. FRC chairman Christopher Hogg said that Montagnon’s appointment would: “significantly enhance the FRC’s […]
Read MoreStrewth, our antipodean friends don’t mince their words. Or very specifically, New Zealand’s Business Day blogger, Bruce Sheppard doesn’t. As the Southern proxy season comes to a close (for our research team that is), we’ve been reflecting on the direct and blunt approach the Australian and NZ market observers have been taking. After much deliberation, […]
Read MoreKen Rushton, former head of the listings review at UK regulator the Financial Services Authority, has challenged Malaysia’s corporate governance regime. Speaking at the Corporate Governance Summit 2009 he outlined his concerns about the discrepancies between the regulatory principles and their practical implementation. Speaking to a Malaysian business journalist from The Star Rushton said the investor base […]
Read MoreThe Nominations Committee of the Board of ITV plc has terminated its discussions with CEO candidate Tony Ball, bringing to an end the speculation about a potential £30 million salary package. In a regulatory news announcement published at 12:36pm today (25th Sept 2009) the Committee said that it had “negotiated exhaustively with Mr Ball, and throughout has been fully cognisant […]
Read MoreJames Melican, chairman of Manifest’s US partner, PROXYGovernance has joined Directorship magazine’s 100 most influential people in US boardrooms. ‘Directorship’ is a leading US website and business magazine for board directors and corporate governance professionals. Its annual D100 list of the “most influential” persons in the boardroom was released on Oct. 14 naming PROXY James Melican […]
Read MoreFinancial News, the weekly journal from the Dow Jones/Wall Street Journal stable has published its 2009 survey of Top 100 Women in Financial Markets. This is the survey’s third year of publication and Manifest’s CEO, Sarah Wilson has joined the list for the first time. The unranked list contains some familiar City names and is drawn […]
Read MoreWith the AGM of Fairfax Media due to be held on 10 November, Fairfax directors John B Fairfax and his son Nicholas have released a public statement indicating that the will vote against the re-election of the Chairman, Ron Walker, at the AGM. This follows comments by Walker on Thursday in the Australian Financial Review […]
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