Banks were ownerless corporations whose shareholders gave their governance role a low priority. That’s just one of the damning conclusions from the UK’s Treasury Committee which has released its third report on the Banking Crisis. The report entitled “Banking Crisis: …
Read MoreThe 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 …
Read MoreManifest’s request for global shareholders to have a “Say on Pay” at Irish companies has its first success; DCC Group plc has confirmed that they will be allowing a shareholder vote on the directors remuneration report at this summer’s AGM. …
Read MoreManifest this week requisitioned a say on pay shareholder resolution at the Bank of Ireland and four more leading Irish listed companies: DCC; Elan; C&C Group; and Independent News & Media.
As the course of this year’s European proxy season …
Read MoreToday’s FT leads with the news of Xtrata’s pay policy rebuff from shareholders as another example of shareholders flexing their muscules over pay for failure.
Despite a 35% fall in EPS in the past year, the Xstrata board proposed increases …
Read MoreAhead of the Rio Tinto AGMs, Manifest flagged up its concerns regarding the re-election of Sir Roderick Eddington in our meeting business report. Manifest’s US partners, Proxy Governance, issued an ‘against’ recommendation on his re-election.
The results of the …
Read MoreThe resolution on the remuneration report at Royal Bank of Scotland Group plc represents the highest ever “Total Dissent” vote on the remuneration report since the introduction of the requirement for the report to be put forward to a non-binding …
Read MoreSome 31.1% of votes cast at the AGM of Novartis, held in Switzerland on Tuesday, supported the proposal by Ethos and eight other shareholders that the company should provide shareholders with an annual advisory vote on the remuneration report. A …
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