February 5, 2010, at 10:54 am
Whilst the future shape of shareholder engagement responsibility is debated in London, Brussels and across continental Europe, the debate in Dublin is a fierce as anywhere.
In what is traditionally a very close-knit investment and business community, the Irish Stock Exchange (ISE) and the Deputy Prime Minister participated in a full and frank …… continue reading >>
September 11, 2009, at 10:28 am The top five executives at the 20 US banks that have accepted the most bailout support averaged $32 million each in personal compensation in the period 2006 -2008, according to a new study published by the Washington-DC based Institute for Policy Studies. At the same time more that 160,000 employees have lost their …… continue reading >>
July 24, 2009, at 10:11 am A research study by Manifest’s US partners, PROXYGovernance Inc(PGI), reveals some interesting trends about US board governance. PGI’s review of Russell 3000 companies holding their 2009 annual meeting prior to July 1 reveals that boards of financial services firms have added fewer new directors since the sub-prime credit crisis began than boards in any other …… continue reading >>
July 23, 2009, at 2:32 pm Any choral singer will be familiar with the concept: a choir singing an acapella section will often naturally go ‘flat and lose pitch’, only to have to painfully re-adjust pitch when the orchestra joins in. Conversely, if the orchestra were to be playing in the wrong key (as a violinist and singer, a cruel …… continue reading >>
July 16, 2009, at 1:11 pm Sir David Walker’s review of the governance of UK banks, commissioned by Prime Minister Gordon Brown, has published 39 recommendations aimed at improving the governance of banks and other big financial institutions (BOFIs). The aim of the report was to find ways of minimising risky behaviour and improving the way companies and shareholder communicate and interact.
Many …… continue reading >>
May 20, 2009, at 12:48 pm Earlier this year Manifest was approached by Channel 4′s Dispatches documentary team to help them with a review of executive pay following the revelations of Sir Fred Goodwin’s pension arrangements. In this episode, “Britain’s Bankers: Still Cashing In”, Manifest works with journalist Jane Moore to help her understand the complexities of executive pay and …… continue reading >>
May 15, 2009, at 11:19 am Banks were ownerless corporations whose shareholders gave their governance role a low priority. That’s just one of the damning conclusions from the UK’s Treasury Committee which has released its third report on the Banking Crisis. The report entitled “Banking Crisis: reforming corporate governance and pay in the City” has a wide brief looking not just …… continue reading >>
May 11, 2009, at 6:09 pm Half of Europe’s biggest banks have changed their chief executive or chairman in the past 12 months, leaving question marks over their leadership experience just as the first signs emerge of an economic recovery.
Ten of Europe’s 20 largest banks by market capitalization or scale of investment banking operations have appointed new heads …… continue reading >>
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