CEO performance and pay - the weakest link

Remuneration Committees are struggling to maintain their independence from their CEOs and are adopting increasingly expensive, short-term reward strategies according to the latest Manifest and MM&K Total Remuneration Survey.

The Executive Director Total Remuneration Survey 2011 examines the latest crop of remuneration reports of UK companies finding little link between remuneration, performance and shareholder value. Although the More…

Vote transparency - send in the marines

Specifically, one marine, Guy Wyser-Pratte to be exact.

As we reported back in March, Guy was determined to leave no stone unturned to find out why the votes on his proposals to shake up the governance at French media conglomerate Lagardère didn’t tally. While Guy admits there were some issues with his prime broker votes More…

US union turns up heat on say on pay

AFSCME, the larges union for public service workers has turned the heat up under mutual funds with the publication of its fifth annual analysis of voting on compensation-related resolutions.

Tipping the Balance? Large Mutual Funds’ Influence upon Executive Compensation,”  takes a look at 26 of the largest US mutual fund families’ voting patterns. This year’s report More…

Manifest in the news

Recent quotes by Manifest on topical corporate governance issues:

Protest vote against Prudential chairman >>Financial Times, May 19 2011

Conservative MP leads charge for tougher audits >>Financial News, May 18th 2011

Backlash grows over power of proxy >>Financial News, May 17th 2011

Shareholders ignore proxy More…

Audit reform - a double win?

Advocates for audit and accounting reform made great strides this week. Although much of the attention will be directed at the OFT’s conclusion that the audit market isn’t working, a slightly less well covered but equally welcome development emerged from the back benches of the House of Commons.

New Conservative member for Wycombe, Steve Baker More…