French regulator demands broader scope for non-financial reporting The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive. The Autorité des marchés financiers (AMF), explaining its reasoning in a response to the commission’s call for feedback on the […]
Read MoreThe AMF, the French equivalent of the FSA, has finally published an English language version of its February 7th report on the conduct of General Meetings at French listed companies. The report deals with the four broad themes of dialogue between shareholders and issuers, shareholder voting at general meetings, the board of the general assembly and its […]
Read MoreSpecifically, one marine, Guy Wyser-Pratte to be exact. As we reported back in March, Guy was determined to leave no stone unturned to find out why the votes on his proposals to shake up the governance at French media conglomerate Lagardère didn’t tally. While Guy admits there were some issues with his prime broker votes […]
Read MoreUS activist investor Guy Wyser-Pratte is turning the heat up under Lagardère and claims to have new evidence proving that last summer’s board seat bid was hit by flawed voting procedures. At stake is Wyser-Pratte’s attempt to shake up management and strategy at the publishing group whose share ownership structure gives CEO Arnaud Lagardère control […]
Read MoreThe 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 activist shareholder Guy Wyser-Pratte has challenged the outcome of the AGM of Lagardère, held on 27 April, and requested the French market regulator, the AMF, to verify the procedures for the transmission of the votes submitted to the meeting. In a letter dated 8 June 2010, Wyser-Pratte states that he has serious doubts about […]
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