UK Takeover Panel announce consultation

The Takeover Panel has initiated a consultation on the Takeover Code. The Panel indicated that the decision to undertake the consultation was made in the light of recent commentary and public discussion, and suggestions for consideration from the Secretary of State for Business, Innovation and Skills and others.

The consultation will focus on whether certain Code provisions More…

Verizon Communications give $18.5m pay off to "retiring" executive

The preliminary proxy statement filed by Verizon Communications ahead of their AGM on 6 May has revealed that the former President and Chief Operating Officer, Dennis Strigl, who retired from the company effective 31 December 2009, will receive a separation payment of some $18.5m, to be paid in July 2010.

The origin of the payment dates back More…

MAN SE shareholders asked to postpone discharge of 3 former executives

Following the December 2009 announcement MAN SE’s acceptance of the two administrative orders issued imposing fines on certain subsidiaries, and the closure of the internal investigations into the matter, attention now turns to the Group’s AGM on 1 April.

The meeting documents note that:

Based on the status of the special investigation commissioned by the Supervisory Board More…

iSOFT case continues

The iSoft conspiracy case has moved on another step with the announcement by the Financial Reporting Council that its Accountancy and Actuarial Discipline Board has called a disciplinary hearing to investigate a formal complaint against a member of the Institute of Chartered Accountants in England and Wales in relation to the issues brought out by the iSoft More…

Uproar over Easyjet CEO's Termination Payments

Easyjet has joined the ‘remuneration-report hall of shame’ following yesterday’s AGM when 28% of shareholders opposed its remuneration report. The revolt puts the low cost airline in the company of  Shell, Grainger, Punch Taverns and  who have all suffered remuneration defeats at the ballot box.

The result probably comes as no surprise given the sharply increased focus on executive pay and More…