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 […]
Read MoreAt 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 […]
Read MoreA 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 […]
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, […]
Read MoreSir David Walker’s review of the governance of UK banks, commissioned by Prime Minister Gordon Brown, has published 39 recommendations aimed at improving the governance of banks and other big financial institutions (BOFIs). The aim of the report was to find ways of minimising risky behaviour and improving the way companies and shareholder communicate and interact. Many of the […]
Read MoreThe LAPFF took their place in the governance history books today. Although they failed to come close to the super-majority needed to have their resolution calling for an independent chair passed, they have achieved a remarkable result. Taking into account the abstain votes, total dissent is practically double the highest previously recorded for a FTSE […]
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