Japan governance compromise likely

As investors brace themselves for a slew of Japanese AGM meetings (the overwhelming majority of AGMs seem set to be held between 23 and 26 June), a compromise has emerged between the Keidanren (Japan’s business lobby) and the Japanese Ministry of Economy, Trade and Industry over proposals to improve corporate governance.

The Ministry is More…

Audit firms struggle to agree liability limitation agreements

Beale and Company solicitors have published research which has found that only 17% of 100 audit firms had managed to agree a contract with a client to limit their liability for damages. A report in Accountancy Age cited the research, which noted that the use of a liability limitation agreement (‘LLA’) was more prevalent More…

US Funds go online with voting

Nine leading US pension funds have announced that they will be disclosing their voting intentions for shareholder meetings on a new web portal, ProxyDemocracy.  AFSCME Employees Pension Plan, CalPERS, CalSTRS, Calvert Investments, Christian Brothers Investment Services, Domini Social Investments, the Florida State Board of Administration, Green Century and Trillium Asset Management are making their individual proxy votes publicly available More…

ProxyGovernance & IRRCi research study on hybrid boards

A new study prepared by Manifest’s US partner, PROXY Governance with sponsorship by the IRRC Institute, “Effectiveness of Hybrid Boards,” analyzes 120 “hybrid boards” formed from 2005 through 2008 to evaluate their effectiveness in two areas: changes in business strategy and corporate governance structures; and changes in shareholder value measured both absolutely and relative to peers. Hybrid boards More…

Manifest in the news: Lloyds board concerns

Reuters: Lloyds directors who did HBOS deal face scrutiny More >> May 27, 2009

The Scotsman: Lloyds’ Kane can’t bank on support More >> May 28, 2009

The Herald: Lloyds directors involved in HBOS deal face scrutiny More >> May 28, 2009

Money Marketing: Lloyds More…