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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 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 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 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 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 A coalition of international investors representing $2.1 trillion in assets is upping its scrutiny of ‘laggard’ listed companies with a view to improving their reporting of ESG issues. The 86 companies have been targetted for their failure to honour the reporting requirements of the UN Global Compact, the world’s largest voluntary corporate responsibility initiative. “Companies Women are dramatically under-represented in the boardrooms of major corporations in Germany and need state-imposed quotas to achieve parity, according to a recent study by the German Institute for Economic Research (DIW) in Berlin. Although Chancellor Angela Merkel may run the country, when it comes to business women only make up 2.5 percent of So, it’s 16:22pm the day after after Infineon’s highly contentious AGM. We have the streaming video from the meeting, we have the presentations, we even have a press release announcing the votes “For” the board candidates. But do we have a definitive list of proxy voting results. No. Is the IR department concerned Lack of board independence may make UK investment trusts targets for activist shareholders according to Simon Westlake at City of London Investment Group, a big activist investor in emerging market investment trusts. “Some boards have been too much in the pocket of the managers and the managers see discount control as a threat as February’s Guest Article is by Louise Rouse, FairPensions’ Director of Investor Engagement and looks at their recent initiative to engage with leading oil producers about their oil sands projects The 2010 AGM season could herald both a new era of public accountability for companies and their investors and a template for future |
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