Ryanair breaches Irish listing rules – again

Yet again Ryanair stands out amongst its peers as being one of Europe’s most shareholder unfriendly companies.

Since the introduction of the 2006 Combined Code recommendations that companies should provide their shareholders with a detailed breakdown of voting results, Ryanair has refused all such requests.… Read the rest

US voting results – directors bear the brunt

Preliminary data from the 2009 proxy season compiled by Manifest’s US partner, PROXY Governance, show that the number and percentage of votes withheld for director nominees continue to increase — with the percentage of director nominees who had at least 30 percent of shareholder votes withheld doubling in 2009 to 5 % of nominees from 2.5 % of nominees in 2008. … Read the rest

Manifest appointment strengthens public sector profile

Manifest is pleased to announce the appointment of Valerie Callen as Business Development Manager this week. Valerie will be working alongside Paul Hewitt and will be focused primarily on public sector pension funds.

Valerie has been involved with local authority and other not-for-profit sector pension funds for over 28 years in a variety of roles most recently with Psolve Asset Solutions.… Read the rest

Deutsche Bank 2008 AGM ‘Void’?

Press reports today suggest that Leo Kirch is likely to participate in mediation talks with Deutsche Bank in an effort to resolve his long-running dispute with the company.

Earlier this week, the Landgericht in Frankfurt (a local court), found in Kirch’s favour, and the ruled that most of the decisions of the 2008 AGM are void.… Read the rest

Bank Bonuses – EU unity breakthrough?

The UK is well known in European circles for its singular approach to regulatory reform, in particular its tactical use of the “Opt Out”. All the more surprising therefore to see Gordon Brown getting together with Germany’s Angela Merkel and France’s Nicolas Sarkozy  to  agree a strategy on banking bonuses ahead of next weeks G20 summit.… Read the rest

NYSE Euronext governance advisory committee launched

At a time when global stock exchanges are relinquishing their role as regulators to focus on trading technology, NYSE Euronext is bucking the trend. In an press announcement on Tuesday, September 1st, NYSE said that leading US lawyer, Larry Sonsini, will chair an independent advisory commission charged with examining U.S.… Read the rest