US 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 …
Read MoreEuropeanIssuers, the pan-European organisation representing listed companies across Europe, has reminded the European Commission (EC) about the need for fee transparency amongst custodians.
The Brussels-based industry body, representing issuers in over 14 countries counting together some 9,200 listed companies with …
Read MoreThe Takeover Panel has initiated a consultation on the Takeover Code. The Panel indicated that the decision to undertake the consultation was made in the light of recent commentary and public discussion, and suggestions for consideration from the Secretary of …
Read MoreThe European Commission has recently announced it intends to initiate processes for taking action against EU Member States over implementation of the Shareholders Rights Directive (SRD). The Directive, which was passed in 2007, establishes Europe-wide principles for ensuring certain basic …
Read MoreThe California Public Employees Retirement System (CalPERS) has signalled a move into more direct activism after a vote this week (Monday) to remove a cap on the number of shareholder proposals it can issue.
Until now, the $200 billion fund …
Read MoreAustralia is proposing some innovative steps to address concerns about executive pay. This week, the Productivity Commission released a detailed discussion document outlining a series of reforms which it hopes will improve board accountability, remove conflicts of interest and enhance …
Read MoreWith shareholder engagement moving ever higher up the (potentially) regulatory and market best practice agenda, voting is likewise coming under the spotlight. In recent days, we have seen the unexpected result of the Infineon AGM provoke concerns about ‘irregularities in …
Read MoreThe Luxembourg Stock Exchange has published a revised edition of its Ten Principles of Corporate Governance for listed companies. The new code has maintained the original structure of the ten principles by continuing to rely on three sets of rules: …
Read MoreManifest has welcomed the Financial Reporting Council’s role as the new guardian of an institutional investor Stewardship Code but has proposed that the Code itself should be the subject of its own consultation rather than a simple grandfathering of the …
Read MoreThe Securities and Exchange Board of India (SEBI) this week (16/03/2010) asked mutual funds to disclose their proxy voting procedures on their websites and in their annual reports with effect from the 2010-2011 fiscal year.
Additionally it has asked funds …
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