With the United Kingdom due to implement the EU Shareholder Rights Directive by 3 August 2009, many companies have included on their AGM agendas a resolution to allow them to continue to hold EGMs on 14 days notice, as currently permitted. The Companies Act 2006 enables listed companies to call a general meeting (other than […]
Read MoreThe European Commision has commissioned a €350,000 research study to assess the effectiveness of monitoring and enforcement mechanisms concerning Member States’ corporate governance codes. Four researcb partners have been selected to underake the review: BUSINESSEUROPE (the Confederation of European Business); RiskMetrics Group; ecoDa (the European Confederation of Directors’ Associations) and Landwell & Associés, a European law firm. According to […]
Read MoreAs the Madoff and Sanford scandals have highlighted, co-operation between regulatory authorities is a crucial protection mechanism for shareholders. The news that the SEC is pulling away from its committment to work with the EU on audit inspection is therefore especially disappointing. Unlike Canada and Japan who are keen to move forward with mutual recognition […]
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