Regulation Archives

SEC: No proxy for proxies

The SEC this week weighed into the proxy advisor debate with Staff Legal Bulletin 20, which provides information on the proxy voting responsibilities of investment advisers (i.e. professional investors) as well as clarification on the exemptions from federal regulation …

Canada weighs in proxy analysts, more missing of “the point”

April is probably not the ideal month to launch a consultation for anyone involved in corporate governance, nevertheless the Canadian Securities Administrators (CSA) issued a call for comment on its proposed best practice guidance for the proxy research industry. The …

Australian shareholders ask for easier resolution procedures

The Australian federal government has mooted a draft bill which, if it succeeds, will remove the right of a 100 shareholders to call an extraordinary general meeting (EGM).

According to the announcement from Mathias Cormann, acting assistant treasurer, the draft …

FRC asks for more engagement; proceed with caution

As we tweeted last week it’s AGM season, so that means it’s time for more consultations. Consultations are generally a good thing, even if the timing is a little inconvenient for shareholders. This article takes a look at the key …

Canada proposes guidance, not regulation, for proxy analysts

Canadian Securities Administrators (CSA), the umbrella organisation for Canada’s mosaic of markets regulators, is seeking feedback on its proposals for a policy on proxy advisory firms. “National Policy 25-201 Guidance for Proxy Advisory Firms” is the result of its …

EU Shareholder Rights Directive Part II

The European Commission has published its formal proposal for the much-leaked update to the 2007 Shareholder’s Rights Directive. It forms a part of the “road map” for the Commission’s 2012 company law and corporate governance action plan which is …

Manifest Publishes Global Regulatory Review

Manifest has this week published a Global Regulatory Review, keeping customers abreast of the latest developments in corporate governance and related disciplines around the world.

Global capital markets and investors expectations towards them have changed radically over the past 20

The trouble with proxy advisors….

Is that everyone loves to hate them but, investors at least, can’t actually do their jobs without them. If we didn’t exist we’d have to be invented. So, what’s to be done?

Yes, true, that …

Corporate Reporting: What do Companies and Investors Say on Sustainability?

Shareholders looking for a more joined up approach to corporate reporting have, hopefully, not much longer to wait after the introduction of the UK’s Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013

Business Minister Jo Swinson outlined the

UK Executive Pay Reform – The Albatross Has Landed!

Guest post by Damien Knight of MM&K

At last, ‘quoted companies’ (i.e. UK incorporated companies with a listing on a main exchange) are faced with the full reality of the UK Government’s new regime for directors’ remuneration reporting and binding …