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Shareholders are getting used to Lord Myners, the UK’s Financial Services Secretary, exhorting them to act responsibly, but his speech at the National Association of Pension Funds recent corporate governance seminar reveals some new insights. Drawing on remuneration surveys from both sides of the Atlantic, Myners noted that in as little as a decade, Let it not be said that the geeky world of governance doesn’t have its lighter moments…. Henry Ford is frequently misquoted as saying “History is bunk” what he actually said was: “History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s dam is the history we made today.” Looking at the Leading US shareholder advocate Richard Ferlauto, has been appointed as deputy director of policy for the Securities & Exchange Commission’s Office of Investor Education and Advocacy (OIEA). Since 2002 Rich has been director of corporate governance and public pension programs at the American Federation of State County and Municipal Employees where he was instrumental in Strewth, our antipodean friends don’t mince their words. Or very specifically, New Zealand’s Business Day blogger, Bruce Sheppard doesn’t. As the Southern proxy season comes to a close (for our research team that is), we’ve been reflecting on the direct and blunt approach the Australian and NZ market observers have been taking. After much James Melican, chairman of Manifest’s US partner, PROXYGovernance has joined Directorship magazine’s 100 most influential people in US boardrooms. ‘Directorship’ is a leading US website and business magazine for board directors and corporate governance professionals. Its annual D100 list of the “most influential” persons in the boardroom was released on Oct. 14 naming PROXY Lord Myners, the UK Treasury’s Minister for the City has again called for a radical new approach to financial reform – this time it’s investors under the spotlight. In recent months Myners has been no stranger to controversial proposals and during a speech to a conference hosted by UBS, he outlined his concerns about the Ken Rushton, former head of the listings review at UK regulator the Financial Services Authority, has challenged Malaysia’s corporate governance regime. Speaking at the Corporate Governance Summit 2009 he outlined his concerns about the discrepancies between the regulatory principles and their practical implementation. Speaking to a Malaysian business journalist from The Star The Nominations Committee of the Board of ITV plc has terminated its discussions with CEO candidate Tony Ball, bringing to an end the speculation about a potential £30 million salary package. In a regulatory news announcement published at 12:36pm today (25th Sept 2009) the Committee said that it had ”negotiated exhaustively with Mr Ball, and throughout has been fully Financial News, the weekly journal from the Dow Jones/Wall Street Journal stable has published its 2009 survey of Top 100 Women in Financial Markets. This is the survey’s third year of publication and Manifest’s CEO, Sarah Wilson has joined the list for the first time. The unranked list contains some familiar City names and is |
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