Who’s taking responsibility for corporate governance?

Everybody? Somebody?  Nobody? Anybody?

There has been much head-scratching in recent months as the institutional investment community gets to grips with the various responsibilities for oversight that clearly did not fit together to prevent the financial crisis.

One recent provocative contribution to this debate comes from Professional Pensions, which this month published a survey: “Should pension funds do more to improve corporate governance in the companies they invest in?” .… Read the rest

Two resolutions withdrawn ahead of AMP AGM

The notice of the AGM of AMP Ltd, the Australian life assurance company, has been amended and re-issued in light of recent board changes.

Meredith Hellicar resigned from the Board following the court judgement in the James Hardie case. Hellicar was one of seven James Hardie non-executive directors who Justice Ian Gzell found to have breached their directors’ duties at a February 2001 board meeting.… Read the rest

Shell set to clash with investors

It is only a few weeks since BP clashed with its shareholders about pay for its top executives at its annual meeting. Now Royal Dutch Shell appears to be heading in the same direction….

….¬† it will be the second year the Shell board has clashed with shareholders over pay.… Read the rest