October 10, 2011, at 2:48 pm
A shorter version of this article appeared in Financial News on Monday, October 10th 2011
The City might sometimes wish it otherwise, but voting rights are central to shareholders exercising oversight of the companies they invest in. Since the publication of the Cadbury Report in 1993 there …… continue reading >>
June 6, 2011, at 7:00 pm
We’ve never heard of a SLAPP suit before, or not until Wall Street Journal reported on the KBR/Chevedden case on Monday morning: Firms Try New Tack Against Gadflies: Corporations Look to Block Shareholder Activists’ Proposals by Challenging the Size of Their Stakes – WSJ.com.
Here’s what Wall Street Journal Says:
Companies …… continue reading >>
May 20, 2011, at 1:09 pm
Specifically, one marine, Guy Wyser-Pratte to be exact.
As we reported back in March, Guy was determined to leave no stone unturned to find out why the votes on his proposals to shake up the governance at French media conglomerate Lagardère didn’t tally. While Guy admits there were some issues …… continue reading >>
April 30, 2011, at 2:57 pm Short-dated EGMs – don’t ban them, fix the voting
Pity poor Hammerson plc who last week became the first FTSE 100 company in many years to lose a routine resolution because it failed to achieve the necessary majority. We say “routine” because, for UK shareholders at least, calling EGMs on 14 days …… continue reading >>
April 12, 2011, at 7:08 pm
Procedures for voting at the upcoming AGM of Volkswagen AG have raised a few eyebrows at Manifest today (Tuesday 12th April).
Unashamedly putting the Shareholders’ Rights Directive (SRD) record back on the record player, and turning the volume up to 11, (and just checking it wasn’t April 1st again) we were somewhat …… continue reading >>
April 1, 2011, at 6:01 pm
Here at the Manifest blog we try to keep a balance of news and stories for the informed Stewardship community – which includes shareholders and issuers. Today’s piece is addressed directly to the issuer community. It’s a simple message: when it comes to buying vote data, please Just Say “No”.
…… continue reading >>
March 17, 2011, at 6:26 pm
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 >>
March 17, 2011, at 10:33 am
(c) Actelion Pharmaceuticals Ltd
The long-running spat between Swiss pharmaceutical company Actelion and major shareholder Elliott Advisors comes to a head at the forthcoming GM on the 5th May. Which gives us a timely opportunity to revist some of the problems shareholders face voting their Swiss shares.
This is going …… continue reading >>
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