ESMA & Proxy - chasing molehills, missing mountains

February 19th, 2013 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

ESMA has now released its final report on ‘The Proxy Advisor Industry’. It’s key recommendation, after long deliberation, is that  there is “no current market failure related to proxy advisors interaction with investors and issuers in the European Union (EU).”

This finding is very welcome, but to those in the industry, it doesn’t really come More…

Q:Why is proxy voting like a supermarket lasagne?

February 17th, 2013 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

A: Suspect ingredients, lack of traceability, bad labelling and poor retailer accountability.

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Shareblocking rears its ugly head - German AGMs at risk as foreign shareholders frozen out

February 17th, 2013 | 1 Star2 Stars3 Stars4 Stars5 Stars Loading ... Loading ... | Email This | Print This | |

Europe’s much heralded Shareholders’ Rights Directive (2007) was meant to put an end to share blocking and immobilization and give all shareholders, irrespective of their locale, the same rights to vote across borders with minimum fuss.  However, the best laid plans of regulators, shareholders and issuers appear to have been scuppered by the custodian banks, and not More…