June 25, 2010, at 3:58 pm
PROXY Governance and the Investor Responsibility Research Center Institute (IRRCi) today released a new study, “Compensation Peer Groups at Companies with High Pay” that identifies a subset of S&P 500 companies with high pay that is not aligned with high performance. The data reveals that high executive …… continue reading >>
June 22, 2010, at 5:43 pm
Mary Schapiro, chairman of the Securities and Exchange Commission is a step closer to straightening out America’s proxy plumbing. In a speech made at the Stanford University Law School Directors College on June 20th, Schapiro outlined the Commission’s current thinking.
“the Commission will soon consider publishing a concept release soliciting detailed ideas …… continue reading >>
June 22, 2010, at 11:06 am
As elected representatives in the US enter the final stages of merging the two competing financial services reform bills, investors are becoming increasingly anxious that their key reform proposal, access to the proxy, will be rendered useless.
From the outset, both the House and Senate versions of the reform bills have either supported or …… continue reading >>
June 21, 2010, at 11:47 am
Reaction to the new remuneration disclosure requirements set out by the Comissão de Valores Mobiliários (Securities and Exchange Commission of Brazil, or “CVM”), have been mixed, ranging from full and immediate compliance to complete revolt – with some companies filing lawsuits challenging the legality of the new provisions.
CVM, the regulatory body …… continue reading >>
June 18, 2010, at 7:23 pm
The activist shareholder Guy Wyser-Pratte has challenged the outcome of the AGM of Lagardère, held on 27 April, and requested the French market regulator, the AMF, to verify the procedures for the transmission of the votes submitted to the meeting.
In a letter dated 8 June 2010, Wyser-Pratte states that he has …… continue reading >>
June 11, 2010, at 5:05 pm
New research from Manifest’s US partner ProxyGovernance Inc reveals just how rapidly support is growing for E&S votes at US companies. For the first time, E&S resolutions have represented the largest portion of shareholder proposals. Although the number of resolutions has remained below 200, those resolutions with more than 30% support have seen …… continue reading >>
June 11, 2010, at 3:14 pm
As Prudential has recently found to its cost, it’s generally worth while keeping shareholders in the loop. Whereas UK and European companies are generally welcoming of investor dialogue to the extent it is enshrined in national governance codes, any meaningful dialogue with US-listed companies has been fraught with difficulties. For the past …… continue reading >>
June 11, 2010, at 2:34 pm
CalPERS and 20 other public pension plans have written to key US lawmakers urging them to keep corporate governance provisions in the final version of a proposed financial regulations reform bill.
The US House of Representatives and Senate have each passed versions of reform legislation and now must now merge the two bills. …… continue reading >>
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