March 26, 2010, at 6:49 pm
The Financial Reporting Council (FRC) has published the responses to its recent consultation on the UK’s corporate governance code. A total of 117 responses have been made available, of which 37 are from quoted companies directly and 14 from investors directly. The overwhelming majority have been sent from either trade association …… continue reading >>
March 26, 2010, at 12:30 pm
Moves in the Spanish parliament to abolish the 10% voting caps at certain Spanish companies have ground to a halt ahead of Friday’s Iberdrola AGM.
Spain introduced limitations to voting rights in 1951, directly copying a similar German law, with a view to protecting minority shareholders from dominant shareholders. In 2006 the …… continue reading >>
March 26, 2010, at 11:05 am
Conference key note speeches came thick and fast at the ICGN’s London conference at the Guildhall this week. The three leading actors in the UK’s governance reform, Sir David Walker, Lord Myners and Sir Christopher Hogg each presented their individual perspectives to a global audience keen to hear what the UK has …… continue reading >>
March 26, 2010, at 10:08 am
The AFL-CIO has released its key votes list for the 2010 proxy season – naming proposals at 27 companies. The key vote survey rates the voting practices of investment managers by surveying how they voted on certain proposals identified by the AFL-CIO as representing a worker-owner view of value, which emphasizes …… continue reading >>
March 25, 2010, at 6:19 pm
Coming so late in the life of the current parliamentary term, the City may be forgiven for already turning attention from yesterday’s budget statement to post-election budgetary announcements for substantive financial and fiscal policy developments. However, hidden in the text of yesterday’s Budget Report is a potentially highly significant statement, which could make …… continue reading >>
March 25, 2010, at 12:12 pm
Tomorrow’s Company, the UK-based ‘think and do’ tank on successful, sustainable business yesterday launched their latest study “Tomorrow’s Corporate Governance: Bridging the UK Engagement Gap Through Swedish-style Nomination Committees”, at the opening of the ICGN mid-year conference at the Guildhall in London. The idea for the report came out of discussions with Cevian Capital, the …… continue reading >>
March 23, 2010, at 11:30 pm
US pay czar Kenneth Feinberg has announced that a number of the highest-paid executives at bailed out companies will have their remuneration cut by an average of 15 percent this year.
Cash salaries will be set at $500,000 or less for 82 percent of the executives named in the ruling which takes …… continue reading >>
March 23, 2010, at 1:41 pm
The prospect of new regulation at the ownership end of corporate governance mechanisms in Europe is beginning to take shape.
The new Member of the European Commission responsible for Internal Market and Services, Michel Barnier, has recently been making increasingly clear his views on the future directon of regulation in response to …… continue reading >>
|
|