Target Archives

SEC Investor Advisory Committee gets to work

The SEC’s Investor Advisory Committee has kicked off its first meeting with an ambitious and far-reaching agenda.Sets Ambitious Agenda. At its inaugural meeting July 27, the committee, which includes institutional governance heavyweights Hye-Won Choi (TIAA-CREF), Mark Anson (Nuveen Investments), Abe Friedman (Barclays Global Investors), Dennis Johnson (Shamrock Activist Fund) and Damon Silvers (AFL-CIO), as well […]

Proxy Season 2009 – A Year to Remember?

Manifest cordially invites you to you our end of season colloquium in Paris on September 9th 2009. Please join us for an afternoon of informative analysis and lively debate in the graceful surroundings of the British Ambassador’s Residence in the heart of Paris – just a short train ride from central London and all leading […]

Calpers sues ratings agencies over sub-prime losses

The California Public Employees Retirement System, or CalPERS, is the US’s largest pension fund which provides retirement benefits to 1.6 million public employees. It’s also one of the most active proponents of good corporate governance on both a domestic and global stage. The latest target of their ire is the credit rating industry which it […]

Manifest publishes Total Remuneration Survey 2009

Manifest’s annual review of executive remuneration trendshas now been published and has received a positive response from a variety of market commentators including Robert Peston for BBC’s News at 10 and the BBC World Service’s European Business News. This year’s survey has been extended to included pensions data as well as detailed narrative on trends […]

Beware of Global Governance Conformance

The quest for a single set of global governance standards is misguided and investors should stop using global governance standards based on US policy approaches. That’s the conclusion of Lucian Bebchuk and Assaf Hamdani in their latest paper: “The Elusive Quest for Global Governance Standards”. The key issue at the heart of what many will see […]

Taking Aim at Target

The Nominees for Shareholder Choice, better known as the Pershing Square Capital Management’s dissident director slate, have taken aim at Target’s board in the run-up the May 28 AGM. The nominees have issued a public letter spelling out 11 concerns including accusations of board cronyism, lack of experience, misleading shareholders and more. There’s a lot at stake, particularly for […]

Pershing Square throws wrinkle into Target proxy fight

As if proxy fights don’t have enough drama, the New York Times’ DealBook reports that a new fight is brewing between a Pershing Square dissident nominee for a seat on the board at Target Corp. and the company. The nominee, Ronald Gilson, a law professor at Stanford, has proposed the use of a so-called universal […]