The Investors Working Group, a bi-partisan panel of experts created in February 2009 by the Council of Institutional Investors and the CFA Institute Centre for Financial Market Integrity, has released its recommendations for reform and modernisation of the US financial …
Read MoreSir David Walker’s review of the governance of UK banks, commissioned by Prime Minister Gordon Brown, has published 39 recommendations aimed at improving the governance of banks and other big financial institutions (BOFIs). The aim of the report was to …
Read MoreThe Bundesrat is expected to ratify Gesetz zur Angemessenheit der Vorstandsvergütung – VorstAG today, following its approval by the Bundestag on 18 June 2009. The new law will then come into effect upon its publication in the German Federal Law …
Read MoreThe Department for Business, Innovation and Skills has this week announced The Companies (Shareholders’ Rights) Regulations 2009 (to come into force on August 3rd), signalling completion of the final legislative stage of the European Shareholders’ Rights Directive. The Directive …
Read MoreIn a widely anticipated move, the US Securities and Exchange Commission has moved forward with an aggressive reform program to update the US proxy system. The SEC met today (01/07/09) to approve the New York Stock Exchange’s proposal regarding broker …
Read MoreThe US Chamber of Commerce’s Center for Capital Markets Competitiveness conference convened this week to look at the impact of shareholder activism and shareholder rights. Two interesting themes have emerged from reports of the conference, firstly research into the impact …
Read MoreConcerns about the corporate governance arrangements of AIM quoted companies will no doubt raise their head again after the public censure of Blue Oar Securities, the AIM Nominated Advisor (NOMAD) that last week changed its name to Astaire Securities.
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The SEC has three key governance reforms on the agenda for its July 1 “Sunshine Act Meeting” :
Item 1: The Commission will consider whether to propose amendments to the proxy rules under the Securities Exchange Act of 1934 to …
Read MoreFormer Northern Rock shareholders are challenging the UK government’s nationalisation terms in the British courts claiming that the Treasury’s conditions will result in little or no compensation. The case, which is expected to run for three days, is being brought …
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