March 6, 2011, at 12:20 pm It would be fair to say that the importance of shareholder voting has enjoyed an increasingly higher profile in recent years, not least in response to the financial crisis. Just within the UK investment context, initiatives such as the Myners Principles, the Stewardship Code, the 2006 Companies Act, the Hedge Funds Standards Board …… continue reading >>
December 10, 2010, at 2:34 pm
French Company Law now has a further measure which French companies can use to block dissident shareholders from using their influence at general meetings of shareholders. On 8 December 2010, the French President signed into law an an amendment to the Commercial Code, one part of which inserts three additional sections relating …… continue reading >>
November 19, 2010, at 6:13 pm
“The investing community desires change”. Not something we weren’t aware of, surely? However, when it’s a summary of the almost unanimous response to the most comprehensive regulatory review of the US proxy system the SEC has undertaken in 30 years, this finding is highly significant.
In short, the Securities Transfer Association analysis …… continue reading >>
February 25, 2010, at 9:45 pm
Most investment managers are voting proxies without guidance from clients, according to a new survey released this week by the Canadian Shareholder Association for Research and Education. In its annual proxy survey, SHARE reports that 71% of investment managers say that they vote most of their pension fund clients’ proxies at their …… continue reading >>
December 23, 2009, at 4:01 pm
Four of the Swedish buffer funds (AP1, AP2, AP3 and AP4) this week announced the appointment of a provider of global voting services:
“The First to Fourth AP Funds (The Funds) have carried out a procurement of a Global Voting Service.
After extensive evaluation of different suppliers and their systems, we …… continue reading >>
August 4, 2009, at 12:21 pm 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 >>
July 21, 2009, at 10:51 am 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 >>
July 6, 2009, at 10:05 am ….Investors are increasingly strident about pay following criticism that they had been soft on boards and had sanctioned the excessive bonuses blamed for the banking crisis. Voting advisers have highlighted investor concerns about pay at other businesses, including Marks and Spencer and BT, the telecoms company.
Manifest, a proxy voting agency, …… continue reading >>
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