Regulation Archives

All our Christmases come at once?

The European Commission this week published a summary of the responses to its Green Paper on Corporate Governance in Financial Institutions.

The paper revealed some not so surprising results when it comes to views about the role of institutional investors: …

US proxy reform: It’s completely broke, please fix it!

“The investing community desires change”. Not something we weren’t aware of, surely? However, when it’s a summary of the almost unanimous response to the most comprehensive regulatory review of the US proxy system the SEC has undertaken in 30 years, …

UK to investigate take-overs, long termism, better governance

Vince Cable, the UK’s Secretary of State for Business used the Confederation of British Industry’s annual conference to launch an an investigation into possible failures of market and corporate governance which have discouraged a long-term approach to investment. The paper, …

AIC updates governance code

The UK’s Association of Investment Companies (AIC) has published it’s latest Code of Corporate Governance for investment companies together with associated guidance. The new guides bring the AIC Code up to date with the the new UK Corporate Governance Code, …

US business group sues SEC for enhancing shareholder rights

While the Securities & Exchange Commission is busy with its implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, business lobby groups are attempting to derail attempts to give the owners of US corporations similar rights to those …

NYSE Euronext Governance Report – a move to principles

NYSE Euronext has flagged a move away from a prescriptive rules-based governance regime to a market-based, principles approach. After a year long investigation headed by Larry Sonsini, chairman of Wilson Sonsini Goodrich & Rosati, the NYSE Commission on Corporate Governance …

Manifest & Partners Stewardship Code Disclosure

Manifest and strategic partners GES Investment this week submitted their joint Stewardship Code disclosure to the UK’s Financial Reporting Council.

Here is the full text of our Stewardship Code Disclosure, together with a PDF copy:…

French companies improve corporate governance disclosures

The findings of the 2010 AMF report on the corporate governance of listed companies, based on a sample of 60 companies (34 in the CAC 40 and 26 in the SBF 120), show improvements both in practices and in transparency …

Ireland’s Financial Regulator publishes corporate governance consultation responses

Some responses to the Consultation Paper on Corporate Governance Requirements for credit institutions and insurance undertakings have now been published on the website of the Irish Financial Regulator. The Consultation Paper proposed a regulatory framework for corporate governance for credit …

NZ company law to allow electronic voting

In a speech to the New Zealand Shareholders Association Conference and AGM, the NZ Commerce Minister, Simon Power, has pledged to include in the Regulatory Reform (Omnibus) Bill 2010, which is currently being drafted, provisions allowing for electronic participation in …