April 30, 2011, at 2:57 pm Short-dated EGMs – don’t ban them, fix the voting
Pity poor Hammerson plc who last week became the first FTSE 100 company in many years to lose a routine resolution because it failed to achieve the necessary majority. We say “routine” because, for UK shareholders at least, calling EGMs on 14 days …… continue reading >>
April 1, 2011, at 6:01 pm
Here at the Manifest blog we try to keep a balance of news and stories for the informed Stewardship community – which includes shareholders and issuers. Today’s piece is addressed directly to the issuer community. It’s a simple message: when it comes to buying vote data, please Just Say “No”.
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March 17, 2011, at 6:26 pm
Debate at the recent meeting of the European Corporate Governance Forum (ECGF) on the subject of related party transactions, ahead of the publication of a statement on the subject, underlined again the problems faced by European companies in effectively communicating with their shareholders on a key strategic issue.
On occasions …… continue reading >>
October 22, 2010, at 11:35 am
The Canadian proxy voting system is fundamentally flawed says Canadian law firm Davies Ward Phillips & Vineberg LLP. In a forthcoming white paper the firm has, in its words: ”uncloaked the mystery surrounding the proxy voting system in Canada.”
Canadian proxy voting is circuitous and results in complicated communications between issuers and investors that lack transparency …… continue reading >>
July 14, 2010, at 10:32 pm
Fair corporate suffrage is an important right that should attach to every equity security Source: United States Congress, 1934
There’s no small irony that the first shareholder voting regulations were introduced in the aftermath of ‘The Great Crash’. Now, another market collapse has brought regulators full circle and owners of US companies finally …… continue reading >>
July 8, 2010, at 11:18 am
The US Securities and Exchange Commission looks set to debate its “concept release” on the mechanics of the US proxy system next week. According to an SEC announcement, the commission is scheduled to meet on July 14 at 10am to vote on the “concept release” seeking public comment on how …… continue reading >>
June 11, 2010, at 2:02 pm
The SEC has confirmed that it will be issuing a green paper on proxy reform later this year. Speaking at a Business Roundtable quarterly meeting last week, SEC Chairman, Mary Schapiro said: “the mechanics of the proxy process have not kept pace with current market conditions or trading practices. For this reason, the …… continue reading >>
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