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 its legacy companies, together with its employees, have been the focus of protests by various […]
Read MoreThe notice of the AGM of AMP Ltd, the Australian life assurance company, has been amended and re-issued in light of recent board changes. Meredith Hellicar resigned from the Board following the court judgement in the James Hardie case. Hellicar was one of seven James Hardie non-executive directors who Justice Ian Gzell found to have […]
Read MoreBelgium has announced an update to its 2004 comply or explain corporate governance code. The new code attempts to deal with some of the issues flagged up by the current economic crisis with a particular emphasis on say on pay disclosures. The proposals include publishing a remuneration policy, detailed information for the earnings of each executive director […]
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 of mark-to-market accounting rules sees a missed opportunity for a more radical overhaul, as outlined in a recent […]
Read MoreManifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Reputational Sanctions in China’s Securities Market Benjamin Liebman and Curtis Milhaupt, Columbia Law School Public criticism of listed companies by the Shanghai and Shenzen exchanges is having a significant effect on corporations and their executives, according to […]
Read MoreManifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues. Law and the Market: The Impact of Enforcement John Coffee, Columbia Law School. Columbia Law and Economics Working Paper No. 304. The US is unique in both its expenditure on securities regulation enforcement and the amount and […]
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