April 29, 2010, at 5:30 pm
The increasing foreign ownership of UK companies is forcing the UK’s reporting watchdog the FRC rethink the role of audit and market oversight.
Stephen Haddrill, chief executive of the Financial Reporting Council, speaking to senior finance figures this week said that he would canvass opinion on the adequacy of the audit report, whether there …… continue reading >>
April 28, 2010, at 5:48 pm
The Australian Corporate Governance Code is up for review. Under the auspices of the Australian Stock Exchange (ASX), a number of amendments are under consideration, most notably improved disclosures about gender diversity and executive pay.
…… continue reading >>
April 24, 2010, at 1:42 pm
Will Oulton is leaving his role as director of Responsible Investment at FTSE Group to join Mercer’s investment consulting business as European Head of Responsible Investment.
Oulton will start his new role at Mercer in May when he replaces Emma Hunt, Mercer’s former head of responsible investment for Europe who left to join rival …… continue reading >>
April 23, 2010, at 9:00 pm
French SICAV Proxy Active Investors is crying foul over the high handed dismissal of its proposal to separate the chair and CEO roles at Société Générale.
On April 7th 2010, PhiTrust, the managers of Proxy Active, and a group of international institutional shareholders filed a resolution requesting a statue change to split …… continue reading >>
April 23, 2010, at 7:02 pm
Xstrata may find that its remuneration report resolution hits the headlines yet again on May 5th. Against a backdrop of general public hostility towards high director bonuses and greater shareholder scrutiny on remuneration reports resolutions, resulting in higher levels of dissent (“Against” votes plus abstentions), Xstrata’s board will likely again need major …… continue reading >>
April 23, 2010, at 11:44 am
US president Barack Obama took his fight for financial reform to the heart of Wall Street this week and described the role of shareholders as “the last key component”.
As the US administration faces up to a tough fight in the Senate on Monday, Obama outlined his vision of a financial system that did …… continue reading >>
April 21, 2010, at 10:32 pm
As the consultation on the UK’s Stewardship Code draws to a close, the UK’s reporting regulator, the FRC, has moved to strengthen its secretariat with the appointment of ABI governance veteran, Peter Montagnon.
Montagnon will join his former ABI boss Stephen Haddrill, on June 1st. FRC chairman Christopher Hogg said that Montagnon’s appointment would: “significantly …… continue reading >>
April 20, 2010, at 4:54 pm
The European Commission has recently announced it intends to initiate processes for taking action against EU Member States over implementation of the Shareholders Rights Directive (SRD). The Directive, which was passed in 2007, establishes Europe-wide principles for ensuring certain basic rights of shareholders at European listed companies. These rights relate to improved registration, participation …… continue reading >>
|
|