The findings of the 2010 AMF report on the corporate governance of listed companies, based on a sample of 60 companies (34 in the CAC 40 and 26 in the SBF 120), show improvements both in practices and in transparency with regard to corporate governance and executive compensation. However the AMF highlights some areas of […]
Read MoreThe Dodd-Frank financial reform bill was voted through by both the House of Representatives and Senate by 237-192 and 60-39 respectively. The legislation is now expected to be signed into law by President Obama as early as this week. The passage of the bill is particularly significant for the corporate governance community which worked together […]
Read MoreA consultation paper has been published by the Irish Stock Exchange in which it proposes the introduction of an Irish Corporate Governance Code, a draft copy of which has been published. The proposed Code supplements the existing Combined Code (being renamed the UK Corporate Governance Code) with some of the key recommendations of the report […]
Read MoreThe European Commission has this week launched a consultation, in the form of a green paper, in preparation for taking measures to enhance corporate governance in financial institutions and remuneration policies. It is significant that the Commission is keen to avoid killing the spirit of what it is trying to achieve by smothering it with […]
Read MoreWhile the AGM season is now mostly behind us as far as the biggest European blue chips are concerned, it’s now the turn of the mid-caps to face their shareholders. A quick review of the data so far shows that overall turnout, based on 74 of the top 100 UK meetings is holding steady at 68% (2009: 67%). […]
Read MoreThe Say on Pay continues to play out at US annual meetings this year – both in terms of management and shareholder proposals. Here are a few highlights prepared by Allie Monaco of ProxyGovernance: Two management say on pay proposals were defeated at meetings last week. At its May 3 meeting, Motorola Inc became the […]
Read MoreThe Australian Corporate Governance Code is up for review. Under the auspices of the Australian Stock Exchange (ASX), a number of amendments are under consideration, most notably improved disclosures about gender diversity and executive pay.
Read MoreXstrata may find that its remuneration report resolution hits the headlines yet again on May 5th. Against a backdrop of general public hostility towards high director bonuses and greater shareholder scrutiny on remuneration reports resolutions, resulting in higher levels of dissent (“Against” votes plus abstentions), Xstrata’s board will likely again need major shareholder, Glencore International, […]
Read MoreAustralian Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen has delighted Australian shareholders with plans to introduce extensive executive remuneration reforms designed to force boards to be more accountable and give shareholders more power. In a ringing endorsement of the Productivity Commission’s review of executive pay which was published in January this year, […]
Read MoreAs the UK gears up for the national elections on May, the general public has now received nearly all of their “notices of meeting” ahead of casting their ballots. Sadly, there won’t be any electronic voting – but then the residents of Florida would probably say we should be grateful for a stubby little pencil […]
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