Australia’s Future Fund sends a message on pay as more remuneration reports defeated

The Australian Future Fund,  established in 2006 to assist future Australian governments meet the cost of public sector superannuation liabilities, has released its 2009/10 annual report. The report reveals for the first time how the Fund has cast its voting rights at shareholder meetings in Australia, having taken its voting at domestic meetings in-house in September 2009.

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Centamin Egypt evades AGM remuneration report vote

Centamin Egypt, the Australian incorporated gold mining company which entered the FTSE 250 index in June 2010, will hold its AGM on 9 November in London. At its 2009 AGM the remuneration report vote was defeated, however shareholders will not get an opportunity to vote on the remuneration report in 2010.

The reason is that Centamin moved More…

SRI market pushes the accountability debate

The last couple of years have clearly been times of great opportunity for the promotion of responsible investment in general, and the Eurosif 2010 survey figures show a significant uptick in European SRI assets under management, now at €5 trilllion

The survey, presented at a joint event hosted by  CA Cheuvreux and UKSIF, also shows the high level of More…

Investors staying off the radar

The recent concept release on the US proxy system has certainly brought some interesting challenges and concerns to the debate. A recent set of concerns from an investment advisor provoked some thoughts at Manifest about privacy, identification and equal treatment (i.e. a safe ride) for all shareholders.

Concerns that issuers may wish to somehow leave shareholders who More…

UK to investigate take-overs, long termism, better governance

Vince Cable, the UK’s Secretary of State for Business used the Confederation of British Industry’s annual conference to launch an an investigation into possible failures of market and corporate governance which have discouraged a long-term approach to investment.  The paper, ‘A Long Term Focus for Corporate Britain’, is looking for input on a wide More…