When Dale Wannen of US investment advisor Sustainvest Asset Management wanted Irish pharmaceuticals company Actavis to publish an annual sustainability report he didn’t just write a letter to the directors, or lobby a regulator for a rule change, he took …
Read MoreThe SEC this week weighed into the proxy advisor debate with Staff Legal Bulletin 20, which provides information on the proxy voting responsibilities of investment advisers (i.e. professional investors) as well as clarification on the exemptions from federal regulation …
Read MoreApril is probably not the ideal month to launch a consultation for anyone involved in corporate governance, nevertheless the Canadian Securities Administrators (CSA) issued a call for comment on its proposed best practice guidance for the proxy research industry. The …
Read MoreObscure securities lending practices have been a cause for concern for the governance community in recent years as the ability to recall shares at short notice can negatively impact investors’ ability to vote at general meetings.
The US Senate is …
Read More“The investing community desires change”. Not something we weren’t aware of, surely? However, when it’s a summary of the almost unanimous response to the most comprehensive regulatory review of the US proxy system the SEC has undertaken in 30 years, …
Read MoreThe SEC is seeking investor input on its proposals to give shareholders a non-binding vote on executive compensation and some “golden parachute” severance arrangements.
Under the proposed rules, publicly traded companies would have to provide shareholders with an advisory vote …
Read MoreJust as the governance community is beginning to feel it might explode if another consultation comes its way, the battle for regulatory attention over the parlous state of the proxy system is hotting up in the US.
Computershare, the global …
Read MoreThe US Securities and Exchange Commission looks set to debate its “concept release” on the mechanics of the US proxy system next week. According to an SEC announcement, the commission is scheduled to meet on July 14 at 10am …
Read MoreMary Schapiro, chairman of the Securities and Exchange Commission is a step closer to straightening out America’s proxy plumbing. In a speech made at the Stanford University Law School Directors College on June 20th, Schapiro outlined the Commission’s current thinking.…
Read More