UK External Board Evaluation

Board evaluation: new research identifies opacity and market concentration concerns Board evaluation, if done correctly, provides a vital tool for directors to strengthen board effectiveness. It provides an opportunity for boards to review its skills and experience; its composition and processes; and its activities and behaviours. Whether conducted internally or externally, regular board evaluations is […]

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The UK’s Financial Reporting Council (FRC) has written to institutional investors highlighting the key issues they should be considering ahead of the peak season of company shareholder meetings. The letter from Stephen Hadrill, FRC chief executive, reminded investors that this is the first year of enhanced reporting on risk and internal control and the inclusion of a […]

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The Institute of Directors in Southern Africa (IoDSA) and the King Committee are consulting on the latest King Report—King IV which expands the current corporate governance code into more non-financial reporting areas and also replaces King III’s “apply or explain” with an “apply and explain” approach. The King Committee, under the leadership of Professor  Mervyn King and […]

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The European Commission has published its formal proposal for the much-leaked update to the 2007 Shareholder’s Rights Directive. It forms a part of the “road map” for the Commission’s 2012 company law and corporate governance action plan which is aimed at “enhancing transparency and engaging shareholders”. The draft directive identifies 5 specific objectives: Improvement of […]

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Manifest has this week published a Global Regulatory Review, keeping customers abreast of the latest developments in corporate governance and related disciplines around the world.   Global capital markets and investors expectations towards them have changed radically over the past 20 years. Sir Adrian Cadbury could probably never have guessed what his dryly-titled “Report of the […]

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The ICGN Conference in Paris last week included a session on the very interesting topic of new and social media, exploring what are some of the ramifications in the context of corporate governance. Taking corporate governance in its widest sense – i.e. the relationship within and between the company, its current and potential shareholders and […]

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Whilst the future shape of shareholder engagement responsibility is debated in London, Brussels and across continental Europe, the debate in Dublin is a fierce as anywhere. In what is traditionally a very close-knit investment and business community, the Irish Stock Exchange (ISE) and the Deputy Prime Minister participated in a full and frank exchange of views […]

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At a time when global stock exchanges are relinquishing their role as regulators to focus on trading technology, NYSE Euronext is bucking the trend. In an press announcement on Tuesday, September 1st, NYSE said that leading US lawyer, Larry Sonsini, will chair an independent advisory commission charged with examining U.S. corporate governance and the proxy process […]

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The SEC’s Investor Advisory Committee has kicked off its first meeting with an ambitious and far-reaching agenda.Sets Ambitious Agenda. At its inaugural meeting July 27, the committee, which includes institutional governance heavyweights Hye-Won Choi (TIAA-CREF), Mark Anson (Nuveen Investments), Abe Friedman (Barclays Global Investors), Dennis Johnson (Shamrock Activist Fund) and Damon Silvers (AFL-CIO), as well […]

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A report by the Asset Management Working Group of the United Nations Environment Programme Finance Initiative links the integration of ESG (environmental, social and corporate governance) issues into investment processes with legal responsibilities of fiduciaries (including pension trustees, asset managers and investment advisors).  It also calls into question whether the institutional investment industry responsible ownership […]

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