ITV & The Irrational Quest for Charismatic CEOs

Life is full of strange coincidences. As the mobile phone rang on Sunday morning with a question from a journalist about Tony Ball turning down a proposed £20 million package to take the hot seat at ITV, I happened to be reading a review of Rakesh Khurana’s 2002 book “The Irrational Quest for Charismatic …… continue reading >>

He who shouts loudest: who’s pulling the strings of cross-border voting reform?

Any choral singer will be familiar with the concept: a choir singing an acapella section will often naturally go ‘flat and lose pitch’, only to have to painfully re-adjust pitch when the orchestra joins in. Conversely, if the orchestra were to be playing in the wrong key (as a violinist and singer, a cruel but …… continue reading >>

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 …… continue reading >>

Joint Chair/CEO – UK shareholders push for change

Two notable shareholder resolutions on both sides of the Atlantic have put the role of UK investors in pressing for change at quoted companies firmly in the spotlight.

Texas Instruments (TI) has come under close scrutiny from RailPEN, the investment arm of the UK’s Railways Pension Fund and one of the …… continue reading >>

The market is dead, long live the market

Nick Hassel in The Times commented earlier this month: “The stock market has been declared dead many times before. We heard this in 1979, in 2003, and are hearing it now in 2009. The consolation is that, on those two previous occasions, the desire to obituarise was just another sign that shares …… continue reading >>

Academic Roundup - October 2007

Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues.

Hedge fund investor activism and takeovers
Robin Greenwood and Michael Schor, Harvard University

Hedge fund activism has limited scope to bring about far-reaching effects on corporate governance, this paper has found. The authors examined long-term stock …… continue reading >>

Academic Roundup - September 2007

Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social …… continue reading >>

Academic Roundup

Manifest-I presents a summary of recently released academic papers on international corporate governance and corporate social responsibility issues.

Do IFRS/UK-GAAP reconciliations convey new information?
Edward Lee and Martin Walker, University of Manchester – Division of Accounting & Finance; and Hans Christensen, Manchester Business School.

IFRS reconciliations issued by UK companies provide …… continue reading >>

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