July 30, 2010
Some responses to the Consultation Paper on Corporate Governance Requirements for credit institutions and insurance undertakings have now been published on the website of the Irish Financial Regulator. The Consultation Paper proposed a regulatory framework for corporate governance for credit institutions and insurance undertakings, setting out minimum standards to be met.
In a constructive response, …… continue reading >>
July 30, 2010
In a speech to the New Zealand Shareholders Association Conference and AGM, the NZ Commerce Minister, Simon Power, has pledged to include in the Regulatory Reform (Omnibus) Bill 2010, which is currently being drafted, provisions allowing for electronic participation in shareholder meetings. The reform will allow companies to opt-in to using electronic shareholder participation …… continue reading >>
July 20, 2010
The South African Times has reported that a ‘group of stakeholders within the investor community have with the assistance of The Institute of Directors in Southern Africa (IoDSA) convened a committee for the drafting of a code for responsible shareholder investing’.
The new Code is expected to supplement the existing King III …… continue reading >>
July 18, 2010
The Dodd-Frank financial reform bill was voted through by both the House of Representatives and Senate by 237-192 and 60-39 respectively. The legislation is now expected to be signed into law by President Obama as early as this week.
The passage of the bill is particularly significant for the corporate governance community which worked together …… continue reading >>
July 8, 2010
The US Securities and Exchange Commission looks set to debate its “concept release” on the mechanics of the US proxy system next week. According to an SEC announcement, the commission is scheduled to meet on July 14 at 10am to vote on the “concept release” seeking public comment on how to enhance …… continue reading >>
July 5, 2010
A consultation paper has been published by the Irish Stock Exchange in which it proposes the introduction of an Irish Corporate Governance Code, a draft copy of which has been published. The proposed Code supplements the existing Combined Code (being renamed the UK Corporate Governance Code) with some of the …… continue reading >>
July 2, 2010
The UK has offered a new template for global governance with the introduction of the first formal code of conduct for investors. Under the watchful eye of the Financial Reporting Council, it is hoped that the Stewardship code will, as Chairman Baroness Hogg said: ”be a catalyst for better engagement between shareholders and companies and create …… continue reading >>
June 21, 2010
Reaction to the new remuneration disclosure requirements set out by the Comissão de Valores Mobiliários (Securities and Exchange Commission of Brazil, or “CVM”), have been mixed, ranging from full and immediate compliance to complete revolt – with some companies filing lawsuits challenging the legality of the new provisions.
CVM, the regulatory body for the Brazilian …… continue reading >>