The agencies that advise fund managers on how to vote are an increasingly important feature of the protests and rebellions that shareholders stage, writes Kate Burgess. …Manifest is another whose standing has risen in tandem with the focus on corporate governance and the pressure on institutional investors and pension funds to use their voting power….. […]
Read MoreBelgium has announced an update to its 2004 comply or explain corporate governance code. The new code attempts to deal with some of the issues flagged up by the current economic crisis with a particular emphasis on say on pay disclosures. The proposals include publishing a remuneration policy, detailed information for the earnings of each executive director […]
Read MoreSome 31.1% of votes cast at the AGM of Novartis, held in Switzerland on Tuesday, supported the proposal by Ethos and eight other shareholders that the company should provide shareholders with an annual advisory vote on the remuneration report. A further 2.9% of the votes cast were in the form of positive abstentions. In all […]
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