Regulation Archives

SEC appoints investor subcommittee chair

Following on from the creation of the SEC’s Investment Advisory Committee, we now have details of its three working sub-committes which will focus on investor education, investor protection, shareholder voting and corporate governance.

The SEC’s Investor Advisory Committee is co-chaired …

Takeover Panel aims to clarify “concert party” concerns

The FSA’s letter to the Institutional Shareholders Committee regarding shareholder engagement was initially welcomed by many commentators although concerns were raised in some quarters at the narrow focus of the letter.

In that letter, the FSA stated that they were …

Who Madoff with the money? Not SEC staff

A regulator’s lot is not a happy one by all accounts. While the UK’s Conservative Party has promised to close the FSA and transfer its duties to the Bank of England if it wins the next election, US regulators at …

Australian financial regulators seek deferral of bonuses

The Australian Prudential Regulation Authority (APRA) has today released a second consultation package on remuneration at financial institutions. This second package comprises a response paper to the submissions, together with revised draft versions of the relevant governance standards and an …

New Remuneration Code for Dutch Banks

The Netherlands Bankers’Association (Nederlandse Vereniging van Banken or ‘NVB)’, has published a provisional banking code which is in response to the report entitled ‘Restoring Trust’ (‘Naar herstel van vertrouwen’), which was published by the Advisory Committee on the Future of …

Ryanair breaches Irish listing rules – again

Yet again Ryanair stands out amongst its peers as being one of Europe’s most shareholder unfriendly companies.

Since the introduction of the 2006 Combined Code recommendations that companies should provide their shareholders with a detailed breakdown of voting results, Ryanair …

NYSE Euronext governance advisory committee launched

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, …

Global audit standards “negligible” differences

An 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 …

New Swedish Takeover Rules imminent

Näringslivets 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 …

US: Proxy access comments mount up

The 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 …