Voting at Finnish companies is set to get a whole lot easier following an announcement from the Finnish government which will see Finnish company law brought into line with the EU Shareholder Rights Directive. Now that the contents of the …
Read MoreUS Treasury Secretary Tim Geithner’s recently announced proposals for US recovery have attracted extreme criticism in many quarters for failing to address the issue of Fair Value Accounting. Alex Pollock of the Washington-based American Enterprise Institute and a long-standing critic …
Read MoreManifest has written to the SEC in support of rule changes designed to eliminate uninstructed broker votes being used at director elections. The New York Stock Exchange had recently filed a request with the SEC to change Rule 452 which …
Read MoreThe UK’s audit watchdog, the Auditing Practices Board (APB) has issued its latest consultation paper with a view to updating its ethical guidelines on the vexed issue issue of auditor consultancy services.
In the UK regulatory construct, the audit is …
Read MoreThe European Commision has commissioned a €350,000 research study to assess the effectiveness of monitoring and enforcement mechanisms concerning Member States’ corporate governance codes.
Four researcb partners have been selected to underake the review: BUSINESSEUROPE (the Confederation of European Business); …
Read MoreThe financial crisis has revealed severe shortcomings in corporate governance. When most needed, they often failed to provide the checks and balances that companies need in order to cultivate sound business practices. That’s the conclusion from the OECD’s latest report: …
Read MoreU.S. judge, Lewis A. Kaplan, has ruled that two lawsuits brought by Parmalat Finanziaria SpA bond and share holders and Parmalat SpA CEO Enrico Bondi, can proceed against auditing firm Grant Thornton International in relation to the collapse of Parmalat …
Read MoreThe Millstein Center for Corporate Governance and Performance at the Yale School of Management has made a series of proposals to boost transparency among institutional investors and the proxy voting services that advise them. In addition to investor transparency about
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The US Securities and Exchange Commission (SEC) has moved a step closer to approving the New York Stock Exchange’s Rule 452 proposal to eliminate broker discretionary voting in director elections. This proposal was developed by the Exchange’s Proxy Working Group …
Read MoreThe UK’s FSA has moved swiftly to address the market’s concerns about rights issues timetable problems. Until mid-February 2009 the Listing Rules’ required a 21 day subscription period; this has now been reduced to 10 business days.
The new subscription …
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