TUC demands mandatory voting disclosure by fund managers

The UK’s trade union federation, the TUC has published its 2008 fund manager voting survey and found investors wanting.

For the seventh year the TUC’s investment team has analysed the voting records of 20 fund managers and pensions funds for the period July 2007 and July 2008, which included votes on banks’ remuneration reports and the RBS acquisition of More…

Financial Mail on Sunday: The Information Gap, investors here told less

Angry shareholder groups are calling on regulators to overhaul rules that mean UK companies can provide dramatically different information to investors in the U.S. and here.

Sarah Wilson, chief executive of respected shareholder advisory group Manifest, described it as ‘a system of information arbitrage’, giving superior knowledge to one group of investors over another.

At present, More…

US Chamber of Commerce debates shareholder proxy access

The US Chamber of Commerce’s Center for Capital Markets Competitiveness conference convened this week to look at the impact of shareholder activism and shareholder rights. Two interesting themes have emerged from reports of the conference, firstly research into the impact of shareholder resolutions and secondly comments from SEC Commissioner Troy Paredes criticizing the SEC’s proposal’s for proxy access.

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Social networking meets governance

US investors angered by the meltdown in the US financial markets have a new resource to campaign for better governance. ShareOwners.org is a social networking site based on Ning, the community web tool  said to have played a central role in the success of President Obama’s election campaign.

ShareOwners has some big names behind its campaign including Rich Ferlauto, More…

CEOs Don’t Fear the Reaper….

“He who dies with the most toys still dies” was a quote on the No Fear brand of T-shirts a few years ago. Funnily enough that saying came to mind when news of Amalgamated Bank’s shareholder proposals against “Golden Coffins” came out this week.

For the uninitiated, a Golden Coffin, in exec comp terms, is not that dissimilar More…