US Congressman Barney Frank’s Financial Services Committee has started its deliberations on the problem of executive pay. A total of eight witnesses including former Chief Accountant, U.S. Securities and Exchange Commission, Lynn Turner and noted academics Lucien Bebchuk and Kevin …
Read MoreThe US Treasury has announced the appointment of a “special master” to oversee executives’ compensation at U.S. companies receiving large amounts of government aid, with the power to reject pay plans deemed excessive. Kenneth Feinberg, a lawyer who oversaw payments
…
Read More
The public inquiry into the regulatory framework around remuneration of directors and executives of companies regulated under Australia’s Corporations Act continues and a draft report is in preparation. Some 79 initial submissions have received by the Productivity Commission inquiry. Public …
Read MoreManifest responds to the European Commission consultation on potential legislation covering the processing of rights flowing from securities by “securities accounts providers” (largely, custodians).
Ever prior to the Shareholder’s Rights Directive publication 2007, Manifest has highlighted that the role of …
Read MoreAccording to a new paper published today by the Institutional Shareholders Committee (ISC), UK investors have been too reluctant to make better tactical use engagement and voting and is looking for ways to make it easier for investors to come …
Read MoreThe Swiss Financial Markets Supervisory Authority (FINMA) has opended the consultation period for the Circular on Remuneration Systems, which is expected to enter into force on 1 January 2010.
The Circular will have a direct impact on the remuneration systems …
Read MoreSEC Chairman Mary Schapiro has announced the creation of new advisory committee which is intended to give investors a greater opportunity for input on the Commission’s reform program.
SEC Commissioner Luis Aguilar is the primary sponsor of the 18-person committee …
Read MoreRoyal Dutch Shell is to pay $381 million plus interest to a foundation representing over 150 institutional investors in nineteen countries. The settlement, following a binding declaration by the Amsterdam Court of Appeals, is considered to be a milestone, given …
Read MoreAs investors brace themselves for a slew of Japanese AGM meetings (the overwhelming majority of AGMs seem set to be held between 23 and 26 June), a compromise has emerged between the Keidanren (Japan’s business lobby) and the Japanese Ministry …
Read More