At a time when global stock exchanges are relinquishing their role as regulators to focus on trading technology, NYSE Euronext is bucking the trend. In an press announcement on Tuesday, September 1st, NYSE said that leading US lawyer, Larry Sonsini, …
Read MoreAn independent report commissioned by the European Commission has concluded that the differences between US and international audit standards are “negligible”. The study, prepared by the Maastricht Accounting, Auditing and Information Management Research Center (MARC), evaluated the differences between International …
Read MoreNäringslivets Börskommitté (NBK), the Swedish Industry and Commerce Stock Exchange Committee, has completed a review of the Swedish takeover rules which apply to regulated markets in Sweden (Nasdaq OMX Stockholm and Nordic Growth Market). Draft revised rules were published in …
Read MoreThe SEC’s proposed rule on proxy access is garnering plenty of comments, both in favor of and against, with more than 300 comments filed on the proposal as of Aug. 18, 2009 writes ProxyGovernance’s Scott Fenn.
Law professors and law …
Read MoreThe Hong Kong Court of Appeal has rejected a request from Richard Li and PCCW to appeal a ruling that blocked the phone company’s HK$15.93 billion privatization.
Justice Anthony Rogers ordered Pacific Century Regional Developments, Li’s Singapore-listed holding company, to …
Read MoreFollowing a decision by the South African Institute of Directors to abandon a plan to launch a code aimed at encouraging engagement by institutional investors, the Public Investment Corporation (PIC) has pledged to pursue the matter, according to BusinessDay.…
Read MoreShareholders wanting to work together on “ad-hoc governance strategies” are unlikely to fall foul of the UK’s Financial Services Authority (FSA).
In a “safe harbour” letter to the Institutional Shareholders’ Committee, the FSA’s Sally Dewar sets out how its rules …
Read MoreThe FSA this week introduced a new code for remuneration practices at large banks, building societies and broker dealers in the UK. Not surprisingly, the FSA’s main objectives are to ensure that boards keep a tighter rein on the link …
Read MoreJust to illustrate the impact of the reformed broker voting rules in the USA, it’s interesting to look at Bank of America’s proxy votes results which were released to the SEC on Friday, 7th August.
Last month, the SEC voted …
Read MoreJudging by this week’s crop of enforcement stories, the US securities regulator, The Securities & Exchange Commission appears to be relaunching itself with renewed vigour. The week of August 3rd to 7th is probably going to go down in history …
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