Executives on Remuneration Committees of Other Companies - Drilling deeper

Since we published data on the number of executive directors in the FTSE 100 sitting on remuneration committees of other FTSE 100 companies, a common question we received was … what if you look beyond the FTSE 100? So we have re-run the numbers, looking at the FTSE All-Share (i.e. …… continue reading >>

Shareholder Nomination Committees - Just a different form of cronyism?

Last week, in a speech at a High Pay Commission seminar, the shadow business secretary Chuka Umunna and former Business Secretary Lord Myners both put forward arguments in favour of shareholder nomination committees as a way of improving corporate governance. Rather than the current UK model whereby …… continue reading >>

Kay hopes for

Professor John Kay has formally launched his consultation exercise to examine  UK equity markets and long-term decision making.

In a launch event at the National Association of Pension Funds the review team published a detailed call for evidence paper identifying the key questions the review will explore.  The review will consider growing …… continue reading >>

EU Green paper - Comply or Explain or Else....

EU Commissioner Michel Barnier’s Green Paper on Corporate Governance closed for consultation on Friday. The irony of the US declaration that shareholders cannot nominate their own directors coming out on the same day will not be lost on the governance community.

What is at stake is “Comply or Explain” …… continue reading >>

Commission consults on an EU corporate governance framework

The European Commission released the eagerly-awaited Green Paper on Corporate Governance this week. It follows on from the Green Paper in June 2010 on Corporate Governance in Financial Institutions, as a result of a strong response pointing out that many of the corporate governance reforms discussed in the FI context …… continue reading >>

La langue de la diplomatie (the language of diplomacy)

Over the same weekend that the UN wrestled with the question of whether to intervene in the internal affairs of Libya, the French financial markets regulator, the Autorité des Marchés Financiers (AMF), issued a stunning piece of surprise, summary intervention in the proxy advisory market.

Having consulted with “the professionals concerned” according …… continue reading >>

Let’s not do that – we can’t ask the shareholders in time!

Debate at the recent meeting of the European Corporate Governance Forum (ECGF) on the subject of related party transactions, ahead of the publication of a statement on the subject, underlined again the problems faced by European companies in effectively communicating with their shareholders on a key strategic issue.

On occasions …… continue reading >>

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