|
||||
|
Today’s announcement by Cairn Energy that it will withdraw resolution 2 at its General Meeting next week, demonstrates that shareholders can act on egregious pay awards when they really want to. Cairn had proposed the award of shares to Sir Bill Gammell with a value of £2.5m (based on …… continue reading >> When market commentators talk about corporate governance they often refer to the “Anglo-American Model” of governance, as opposed to the EU’s stakeholder orientated approach. Friday’s decision by the US courts to reject shareholder “proxy access” should leave observers in no doubt that there’s nothing much “Anglo” about the American approach to governance. …… continue reading >> As shareholders were coming to terms with the implications of last week’s shocking disclosures about phone-hacking at NewsCorp, Simon Caulkin, former management correspondent at the Observer tweeted a thought-provoking observation: Re Murdochs of the world: “Our only chance of having powerful be good is to have more good become powerful” …… continue reading >> AFSCME, the larges union for public service workers has turned the heat up under mutual funds with the publication of its fifth annual analysis of voting on compensation-related resolutions. “Tipping the Balance? Large Mutual Funds’ Influence upon Executive Compensation,” takes a look at 26 of the largest US mutual fund families’ …… continue reading >> Fourteen companies in the US S&P 500 have agreed to repeal their classified board status thanks to the joint engagement efforts of The State Board of Administration of Florida (the “SBA”), the investment manager of the Florida Retirement System, the American Corporate Governance Institute (the “ACGI”) and the Nathan Cummings Foundation. According to …… continue reading >> Responsible investment charity FairPensions has published the first comprehensive analysis of the UK’s leading asset managers’ approach to the Stewardship Code. Despite “encouraging signs of improvement”, FairPensions’ research reveals that 41% of the asset managers fail to publicly disclose information relating to their engagement activities and just 31% provide detailed explanations …… continue reading >> The California Public Employees’ Retirement System has proposed changes to the strategy used for developing its annual ‘Focus List.” The revised approach would change the targeted companies from the Russell 1000 to CalPERS top 500 domestic equity holdings. In addition, it would provide that governance would become a …… continue reading >> |
 Loading... |
|||
|
© 2012 Manifest - The Proxy Voting Agency | ISSN 1745 - 1132 | |
||||
