Cattles plc has announced a clear-out of its Board following the completion of a forensic review into its impairment provisions: Norman Broadhurst (Chairman), who previously announced he intended to retire at the AGM, has stood down from the board with immediate effect. David Postings (Chief Executive) is leaving the company with immediate effect, although will […]
Read MoreManifest’s annual review of executive remuneration trendshas now been published and has received a positive response from a variety of market commentators including Robert Peston for BBC’s News at 10 and the BBC World Service’s European Business News. This year’s survey has been extended to included pensions data as well as detailed narrative on trends […]
Read MoreNine leading US pension funds have announced that they will be disclosing their voting intentions for shareholder meetings on a new web portal, ProxyDemocracy. AFSCME Employees Pension Plan, CalPERS, CalSTRS, Calvert Investments, Christian Brothers Investment Services, Domini Social Investments, the Florida State Board of Administration, Green Century and Trillium Asset Management are making their individual proxy […]
Read MoreDid the Lloyds board act with sufficient care on the HBOS deal? Manifest takes a look at the legal aspects of directors’ duties in the context of one of this century’s most politically charged takeovers. The 2006 Companies Act for the first time codified a number of long established common law principles relating to the […]
Read MoreToday’s announcement regarding the directorate changes at Independent News & Media largely focuses on the retirement of Sir Anthony O’Reilly, after 36 years leading the Company. His son, Gavin, will take over the reigns as his father’s distinguished career at the newspaper group comes to a close. However, the accompanying director changes highlight a change […]
Read MoreChrysalis is no stranger to director payoff issues, as reported in the Daily Telegraph last year. This year’s annual report is equally revealing. During 2008 Michael Connole received compensation for loss of office of £410,000, while Richard Huntingford received compensation for loss of office of £984,000. Following settlement of the legal dispute over the potential bonus due to […]
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