The 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 …

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Following 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.…

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Shareholders 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 …

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The 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 …

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Just 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 …

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Judging 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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US shareholders get say on pay at financial institutions – in exchange for more investor disclosure.

The US House of Representatives has passed Congressman Barney Frank’s bill to “amend the Securities Exchange Act of 1934 to provide shareholders with an …

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Welcome news this week about Japanese corporate governance developments from Washington-DC based Council of Institutional Investors. Jonathan Urick, CII’s international governance policy co-ordiantor met with Makoto Seta and Toshiya Otsu of the Japanese Financial Services Agency (FSA) to discuss their …

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The SEC’s Investor Advisory Committee has kicked off its first meeting with an ambitious and far-reaching agenda.Sets Ambitious Agenda. At its inaugural meeting July 27, the committee, which includes institutional governance heavyweights Hye-Won Choi (TIAA-CREF), Mark Anson (Nuveen Investments), Abe …

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Australia’s Business Day has reported that The Australian Securities and Investments Commission (‘ASIC’) wants seven former non-executive directors and three former executives  at James Hardie banned from company directorships for at least five years each and fined a total of …

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