Social and new media: Improving ownership?

The ICGN Conference in Paris last week included a session on the very interesting topic of new and social media, exploring what are some of the ramifications in the context of corporate governance.

Taking corporate governance in its widest sense – i.e. the relationship within and between the company, its current and …… continue reading >>

Tough self-questioning in Dublin

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 >>

NYSE Euronext governance advisory committee launched

At a time when global stock exchanges are relinquishing their role as regulators to focus on trading technology, NYSE Euronext is bucking the trend. In an press announcement on Tuesday, September 1st, NYSE said that leading US lawyer, Larry Sonsini, will chair an independent advisory commission charged with examining U.S. corporate governance and …… continue reading >>

SEC Investor Advisory Committee gets to work

The SEC’s Investor Advisory Committee has kicked off its first meeting with an ambitious and far-reaching agenda.Sets Ambitious Agenda. At its inaugural meeting July 27, the committee, which includes institutional governance heavyweights Hye-Won Choi (TIAA-CREF), Mark Anson (Nuveen Investments), Abe Friedman (Barclays Global Investors), Dennis Johnson (Shamrock Activist Fund) and Damon Silvers (AFL-CIO), …… continue reading >>

ESG integration – a legal requirement?

A report by the Asset Management Working Group of the United Nations Environment Programme Finance Initiative links the integration of ESG (environmental, social and corporate governance) issues into investment processes with legal responsibilities of fiduciaries (including pension trustees, asset managers and investment advisors).  It also calls into question whether the institutional …… continue reading >>

US Bank Boards after the crisis

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 >>

First there was vote borrowing, now there’s vote buying

The governance world has been concerned about the possible abuses arising from so-called “stock lending”, particularly when it comes to voting rights. Many commentators have suggested that  it should really be called “temporary stock selling” to better reflect the legal reality of loss of ownership rights. Whatever its name, the potential for abuse is …… continue reading >>

Financial Market Reform: US investors have their say

The Investors Working Group, a bi-partisan panel of experts created in February 2009 by the Council of Institutional  Investors and the CFA Institute Centre for Financial Market Integrity, has released its recommendations for reform and modernisation of the US financial markets.

According to the report, strengthening existing regulatory agencies, closing gaps in the …… continue reading >>

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