United Kingdom

The Department for Business, Enterprise & Regulatory Reform has published a revised draft of the regulations to implement the Shareholder Rights Directive. Please send any final comments on the revised draft regulations to Kate Gillies (kate.gillies@berr.gsi.gov.uk) by Friday …

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The dominance of the Big 4 audit firms continues to be a cause for concern according to a report by the UK’s reporting and governance watchdog, the Financial Reporting Council. The FRC has published the third of its Progress Reports …

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Owners of USA Inc today (May 20)  got the news they’ve been waiting for – the SEC has voted to propose new rules which will enable them to nominate their own board candidates. The proposal was passed in a narrow …

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The Securities and Exchange Commission has settled with online job search portal, Monster Worldwide, Inc. for its multi-year scheme to secretly backdate stock options granted to thousands of Monster officers, directors and employees. Without admitting liability, Monster has agreed to …

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GlaxoSmithKline’s May 20th AGM will be asking shareholders to exempt the auditor partner from signing the audit in his or her own name,  the first such case noted by Manifest.

The company says that, ‘For many years, the Company and …

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European Commissioner Charlie McCreevy has gone public with his concerns about role and structure of the International Accounting Standards Board. In his usual direct way McCreevy has pointed out that: “Accounting is now far too important to be left solely …

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If  Democratic New York Senator Charles ‘Chuck’ E Schumer has his way, shareholders of US-quoted companies can expect to see their ownership rights significantly enhanced. Schumer’s move was flagged in late April but reports are coming in that the Bill …

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The Securities and Exchange Commission has charged INTECH Investment Management LLC, a Florida based investment advisor with violating its proxy rules after it was found that it failed to describe its voting policies and procedures  as well as failing to …

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The Institute of Directors in South Africa has published drafts of the King III Report and King III Code on Corporate Governance.

Shareholders are being offered a chance for a say on pay but it won’t be mandatory. The draft …

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Closing submissions have been made in the case taken by the Australian Securities and Investment Commission (‘ASIC’) against Fortescue Metals Group for misleading and deceptive conduct.

The case centres on a series of announcements FMG made to the market …

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