Wall Street Meltdown…

Let it not be said that the world of shareholder oversight and fiscal prudence is without its lighter moments. Here are two offerings from YouTube contributor LMcDuff with a musical take on the demise of the US financial system.

Wall Street Meltdown is his first offering and chronicles the financial crisis as it developed duing 2007 to the More…

FSA Code of Practice for Remuneration

The FSA’s new  draft code of remuneration code of practice has put good governance front and centre by insisting that remuneration is tied to effective risk management. The proposed policy is a follow-up to the letters written to the CEOs of FSA authorised companies in October 2008.

What is notable about the proposals More…

The market is dead, long live the market

Nick Hassel in The Times commented earlier this month: “The stock market has been declared dead many times before. We heard this in 1979, in 2003, and are hearing it now in 2009. The consolation is that, on those two previous occasions, the desire to obituarise was just another sign that shares had touched their low.”

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Strong support for shareholder resolution at Novartis AGM

Some 31.1% of votes cast at the AGM of Novartis, held in Switzerland on Tuesday, supported the proposal by Ethos and eight other shareholders that the company should provide shareholders with an annual advisory vote on the remuneration report. A further 2.9% of the votes cast were in the form of positive abstentions. In all 33.4%, over one-third More…

Global Investors Press Obama for Action on Governance

Leading global investors, with assets totalling over $1.3 trillion, have written to US President Barack Obama urging the new administration to implement “critical” legal reforms to US financial markets and corporate governance practices.

The institutions, representing the pension savings of some 15 million individuals globally, called for fundamental reforms as a means of restoring investor trust in the More…