Ireland’s Financial Regulator publishes corporate governance consultation responses

Some responses to the Consultation Paper on Corporate Governance Requirements for credit institutions and insurance undertakings have now been published on the website of the Irish Financial Regulator. The Consultation Paper proposed a regulatory framework for corporate governance for credit institutions and insurance undertakings, setting out minimum standards to be met.

In a constructive response, Prof Niamh More…

NZ company law to allow electronic voting

In a speech to the New Zealand Shareholders Association Conference and AGM, the NZ Commerce Minister, Simon Power, has pledged to include in the Regulatory Reform (Omnibus) Bill 2010, which is currently being drafted, provisions allowing for electronic participation in shareholder meetings. The reform will allow companies to opt-in to using electronic shareholder participation for company decisions.

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Annual director elections – is there another way?

The debate around comply or explain as a concept took an interesting turn last week when three of the UK’s largest pension fund investors publicly broke ranks on the issue of annual director elections. In a letter published in the Financial Times, Railpen, USS and Hermes, the three largest More…

South African Stewardship Code being drafted

The South African Times has reported that a ‘group of stakeholders within the investor community have with the assistance of The Institute of Directors in Southern Africa (IoDSA) convened a committee for the drafting of a code for responsible shareholder investing’.

The new Code is expected to supplement the existing King III Corporate Governance Code and be More…

US investors get say on pay

 The Dodd-Frank financial reform bill  was voted through by both the House of Representatives and Senate by 237-192 and 60-39 respectively. The legislation is now expected to be signed into law by President Obama as early as this week. 

The passage of the bill is particularly significant for the corporate governance community which worked together to ensure More…