Kay Review Recommendations

July 23rd, 2012 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

Professor John Kay has published his review of equity markets and long-term decision making which was commissioned by the UK’s Business Secretary Vince Cable.

Here are the key recommendations, source: Kay review – Final Report July 2012

1. The Stewardship Code should be developed to incorporate a more expansive form of stewardship, focussing on strategic More…

More Regulation or Better Stewardship?

July 20th, 2012 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

Optimising the Means and Ends of Good Governance

Manifest is proud to sponsor the 4th Cambridge International Regulation and Governance Conference on September 6th, at Queens College, Cambridge.

In a timely intervention given recent consultations at national and supra-national level on both sides of the Atlantic touching on stewardship processes, the conference will address regulatory responses to aspects of More…

AMF releases proposals for French General Meetings

July 15th, 2012 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

The AMF has this week (2nd July) released its final report on improving the exercise of shareholders rights at French general meetings.  Following consultation during 2011, the proposals are expected to be in place in time for meetings on or after 1st January 2013, subject to the adoption of legislative amendments where necessary. Interestingly, elaboration of some More…

Rules, Regulations, Codes and Cultures

July 15th, 2012 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

Another week, another consultation deadline in the world of responsible investment - last week the FRC’s consultation on the Stewardship Code. With so many column inches being taken up with coverage of scandals which have shaken the very bedrock of financial and investment services, we might well wonder if fine tuning the way that investors report their Stewardship activities is a little More…

Empty Voting: ESMA call for evidence finds ... no evidence.

July 3rd, 2012 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

….no evidence.

Last year, ESMA conducted a consultation on the topic of empty voting, designed to find out the nature and extent of the decoupling of voting rights from economic ownership. Last week, they published the responses received, and concluded that no regulatory action is necessary – possibly because the overwhelming majority of respondents could cite no More…