MJGleeson Group

FTSE SmallCap urban regeneration and land development specialist MJ Gleeson Group holds its AGM on 6 December and shareholders may hold concerns with the level of independence on its board. MJ Gleeson’s board consists of CEO & Managing Director Jolyon Harrison, CFO & Company Secretary Stefan Allanson, Chairman Dermot Gleeson, and non-executives James Ancell, Colin […]

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Hong Kong

The International Corporate Governance Network (ICGN) and the Asian Corporate Governance Association (ACGA) are urging institutional investors to respond to the latest consultation from the Hong Kong stock exchange which proposed allowing certain companies with dual-class share structures to list. The proposals form part of the stock exchanges aspiration to be a more attractive place to list […]

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CalSTRS Jana Partners Apple

Activist institutional investors, the public pension fund CalSTRS and Jana Partners, have begun a campaign calling on the technology giant, Apple, to consider the evidence that children that are excessively using electronic devices, such as its I-phone, may be damaged by this and to support parents to control their usage. In an open letter to […]

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Sports Direct AGM

In the run up to the Sports Direct AGM this week (6th September) there were calls for shareholders to vote against the re-election of its chairman, Keith Hellawell, amid concerns that he has not been strong enough in dealing with the governance concerns that have surrounded the retailer for the past two years. Having said […]

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shareholder capitalism New Economics Foundation

A report from think-tank, the New Economics Foundation (NEF) suggests that to meet the economic, social, and environmental challenges of the twenty first century the UK needs to move from the current dominant shareholder corporation model as it is no longer fit for purpose. This publication follows on from other recent reports that have been critical of the […]

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Financial Conduct Authority FCA Listing Regime

The  UK’s Financial Conduct Authority (FCA) has launched a consultation on proposals to create a new category within its premium listing regime to cater for companies controlled by a shareholder that is a sovereign country. Last February the FCA launched a discussion paper ‘Review of the Effectiveness of Primary Markets’.  The paper examined the role of […]

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The independent shareholders of Alphabet, Google’s parent company, overwhelmingly supported a shareholder resolution asking company management to recapitalise the share structure so that each share has one vote at its recent AGM (7th June). The resolution was put forward by NorthStar Asset Management, corporate governance activist and author James McRitchie, and activist investor John Chevedden […]

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UK pension fund, Universities Superannuation Scheme, (USS) has called on the Dutch paintmaker AkzoNobel to engage constructively with its US rival PPG which has recently submitted a third bid for the company, AkzoNobel said it will consider the proposal in line with its fiduciary duties and acting under the Dutch governance code. Daniel Summerfield, Co-Head of Responsible […]

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Flag of European Union

The EU’s council of permanent representatives has endorsed an agreement between the Slovakia, which holds the presidency of the European Council,  and the European Parliament that agrees revisions to the second Shareholder Rights Directive. Lucia Žitňanská, Minister for Justice of Slovakia said: “The financial crisis revealed that in many cases shareholders supported excessive short-term risk-taking by managers. […]

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Retailer Sports Direct chief executive Dave Forsey has resigned to be replaced by Mike Ashley, founder of the company, its major shareholder and previously executive deputy chairman. No reason for his departure has been given but the resignation follows months of criticism of the company because of its working practices and poor corporate governance.  Dave Forsey […]

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