ryanair Archives

Regulator best practices – do we need more harmonisation?

It’s interesting to compare and contrast the approach taken by securities regulators in relation to complaints and investigations. Last week the Swiss regulator, SIX Exchange Regulation, announced that it had begun an investigation into possible breaches of the Directive on Ad hoc Publicity and the Directive on Information relating to Corporate Governance by UBS AG. […]

Manifest wins voting disclosure battle against Ryanair

In early September, Manifest filed a complaint with the Irish Stock Exchange against Ryanair regarding a breach of their obligations under the Listing Rules. We noted that while Provision D.2.2 of the Combined Code recommends disclosure of the proxies lodged at general meetings on a website, that Ryanair had failed to do so. Manifest’s complaint […]

Ryanair directors receive almost double average dissent

Shareholders have today seen an early benefit of the recently implemented Shareholder Rights Directive, as Ryanair finally disclosed the voting results of one of its AGMs for the benefit of those shareholders unable to attend the meeting in person. Earlier this month, Ryanair was the subject of a complaint by Manifest to the Irish Stock […]

Ryanair breaches Irish listing rules – again

Yet again Ryanair stands out amongst its peers as being one of Europe’s most shareholder unfriendly companies. Since the introduction of the 2006 Combined Code recommendations that companies should provide their shareholders with a detailed breakdown of voting results, Ryanair has refused all such requests. At the same time its annual reports for 2009 gives […]

In the News: Ryanair rapped over votes

The Irish Independent and the Daily Telegraph have picked up Manifest’s story about the Ryanair shareholder resolutions at Aer Lingus’ upcoming AGM. “The Manifest Proxy Voting agency, a company that monitors corporate governance here and in the UK, has alleged that Ryanair is the only company not to reveal on its website how shareholders voted […]

Ryanair seeks pay cuts at Aer Lingus

Ryanair is asking the Aer Lingus to cut the salaries of its Chairman, Colm Barrington and the non-executive directors due to the airline’s ‘stated need to significantly reduce costs’. Ryanair, a 29.8% shareholder in Aer Lingus, has requisitioned two resolutions at the Aer Lingus’ 5 June AGM. Earlier this year all Aer Lingus Board members voluntarily […]