The UK’s top companies look set to meet targets to increase the number of women on their boards according to the latest FT–ICSA Boardroom Bellwether survey. This follows the Davies Review which found that within the FTSE 100 a milestone of 25% of board positions being filled by women had been met this year – a target set by […]
Read MoreThe chairman and chief executive of Brazilian investment bank, BTG Pactual, Andre Santos Esteves, has been forced to resign following his arrest amid accusations of bribery. According to press reports, Esteves was accused of allegedly conspiring with Delcidio Amaral, head of the government coalition in the Senate, who was also arrested, to hide evidence. Prosecutors have also alleged that […]
Read MoreThe Financial Reporting Council (FRC) has issued two consultations as part of its ramped up efforts to implement the EU Audit Regulation and Directive regime and strengthen investor confidence in governance. Board Succession Planning Following its October discussion paper UK Board Succession Planning -the FRC is now seeking input and feedback on how to achieve diverse […]
Read MoreThere has been a steady improvement in the number of women directors in California’s top 400 public companies according to research by the UC Davis Graduate School of Management. California is a major force within the US economy and and the survey includes many global corporate giants such as Apple, Chevron, Intel, Visa, Google, Hewlett-Packard […]
Read MoreIt’s being quite a few days for corporate governance. First, the unprecedented (at least since our records began in 1996) shock yesterday of Sir John Bond’s ejection as Chair of Glencore Xstrata, whilst in the same week, the PR chicanery currently being played out in the US ahead of JPMorgan’s AGM next week over the question of whether the Chair and Chief Executive […]
Read MoreThe Australian Securities and Investment Commission this week announced it intended bringing civil charges against the enitre 2007 board and a former Chief Financial Officer of various entities withing the Centro Properties Group and Centro Retail Group. This is the first case brought where the requirement that a listed entity’s CEO and CFO declare in […]
Read MoreNorges Bank Investment Management (NBIM), the investment arm of the Norwegian central bank and asset manager for the Norwegian Government Pension Fund and the Government Petroleum Insurance Fund managing over NOK1,000bn (£107bn) in equity investments, has filed shareholder proposals at four US companies calling for independent chairmanship. Meetings at Harris Corporation (23rd OCtober), Parker Hannifin (28th October), […]
Read MoreWith the AGM of Fairfax Media due to be held on 10 November, Fairfax directors John B Fairfax and his son Nicholas have released a public statement indicating that the will vote against the re-election of the Chairman, Ron Walker, at the AGM. This follows comments by Walker on Thursday in the Australian Financial Review […]
Read MoreA research study by Manifest’s US partners, PROXYGovernance Inc(PGI), reveals some interesting trends about US board governance. PGI’s review of Russell 3000 companies holding their 2009 annual meeting prior to July 1 reveals that boards of financial services firms have added fewer new directors since the sub-prime credit crisis began than boards in any other major sector. […]
Read MoreThe Investors Working Group, a bi-partisan panel of experts created in February 2009 by the Council of Institutional Investors and the CFA Institute Centre for Financial Market Integrity, has released its recommendations for reform and modernisation of the US financial markets. According to the report, strengthening existing regulatory agencies, closing gaps in the regulatory structure, […]
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