Shareholders of Australian companies are showing their muscle in this year’s proxy season with significant opposition votes over the governance of retailer Harvey Norman and a rejection of executive pay at the Commonwealth Bank of Australia.
The Australian Shareholders …
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Huge response to BEIS Select Committee
The UK’s Parliament’s Business, Energy and Industrial Strategy (BEIS) select committee has reported a larger than usual response to its request for written submissions to its corporate governance inquiry. Responses by the main industry …
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UK fund managers members take executive pay reform seriously according to the UK’s Investment Association, which this week responded to the recommendations of the Executive Remuneration Working Group. In its new Principles of Remuneration, the IA suggests that rather …
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Australian entertainments group, Ardent Leisure, held its AGM just two days after an accident at its theme park Dreamworld in which four people died and two children were injured on a river rapids ride. The out-going chairman, Neil Banaves, …
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Set against a backdrop of stagnant economic growth and societal discontent with the political status quo, global investors and corporations face ever growing risks and challenges. Having initially stabilised the sinking ship in the immediate aftermath of the GFC, governments, …
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Mortgage Choice (ASX:MOC) chairman, Peter Ritchie, has resigned abruptly, raging at proxy advisors for “damaging Australian business” after another bruising shareholder revolt at last week’s AGM.
Close to 80% of the Australian firm’s independent shareholders voted against the …
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The UK Governance Code 2016 & Chairmen
In its 2016 AGM results announcement, Sky plc suggested that shareholders voted against James Murdoch because of proxy analysts rather than facts surrounding Murdoch’s appointment.
As a UK incorporated Plc, Sky’s governance …
Read MoreUK Prime Minister Theresa May has committed her government to tackling what she sees as corporate irresponsibility by a small number of companies and to improving board diversity by including workers and consumers.
Speaking at the Conservative Party Conference May …
Read MoreGovernance standards in emerging markets are coming under closer scrutiny. The International Organization of Securities Commissions’ (IOSCO) has published a report seeking to strengthen corporate governance frameworks within emerging markets.
The report from IOSCO’s growth and emerging markets …
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