December 23, 2009, at 4:01 pm
Four of the Swedish buffer funds (AP1, AP2, AP3 and AP4) this week announced the appointment of a provider of global voting services:
“The First to Fourth AP Funds (The Funds) have carried out a procurement of a Global Voting Service.
After extensive evaluation of different suppliers and their systems, we …… continue reading >>
December 23, 2009, at 3:21 pm
In a 4-1 vote, the Securities and Exchange Commission has approved a series of governance reforms designed to “help investors make more informed voting decisions.” As from 28 February 2010 investors will not only know a great deal more about the directors they are electing, they will also have faster access to voting …… continue reading >>
December 18, 2009, at 4:40 pm
Australia’s Productivity Commission will submit its final report on executive remuneration to the Federal Government on 19 December. The Productivity Commission was asked to undertake a public inquiry into the regulatory framework around remuneration of directors and executives of companies regulated under the Corporations Act. It was asked to make recommendations on …… continue reading >>
December 18, 2009, at 4:28 pm
Some 55.44% of the votes cast on the resolution to approve the remuneration report at the AGM of Punch Taverns voted against the remuneration report, condemning the report to defeat. The company joins a select list of five companies in the FTSE All-Share to have lost this vote in 2009.
Shareholders were …… continue reading >>
December 18, 2009, at 3:44 pm
London Stock Exchange this week announced a consultation on the AIM Rules a which is open until 15 January 2010. The proposals will see all AIM companies obliged to disclose details of directors’ remuneration on an individual basis, as the rules catch up with the actual practice of most leading AIM companies. …… continue reading >>
December 16, 2009, at 12:49 pm
The 2009 update to the ABI Guidelines on Executive Remuneration will be a disappointment to many investors. The amended guidelines fail to deal with some of the key structural deficiencies in executive pay practice and guidance – a contributory factor to the downturn – although the ABI has inserted 53 words to …… continue reading >>
December 11, 2009, at 10:00 am David Wighton of The Times writes about the problems of low turnout at shareholder meetings. “ Shareholders have to get out there and vote” describes the problems facing Minerva, the property company fighting off a bid from 29.9 per cent shareholder Nathan Kirsh, and Mitchells & Butler, the UK’s …… continue reading >>
December 10, 2009, at 12:49 pm
As shareholders are asked to get more involved with executive pay monitoring, the problem for many investors is how to judge what is reasonable - traditional bonus plans have resulted in plans which are not aligned with performance. Basing bonuses on stock prices exposes them to external factors, including irrational behaviour that can also …… continue reading >>
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