March 23, 2011, at 12:23 pm
Over the same weekend that the UN wrestled with the question of whether to intervene in the internal affairs of Libya, the French financial markets regulator, the Autorité des Marchés Financiers (AMF), issued a stunning piece of surprise, summary intervention in the proxy advisory market.
Having consulted with “the professionals concerned” according …… 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 >>
October 29, 2010, at 6:04 pm
Centamin Egypt, the Australian incorporated gold mining company which entered the FTSE 250 index in June 2010, will hold its AGM on 9 November in London. At its 2009 AGM the remuneration report vote was defeated, however shareholders will not get an opportunity to vote on the remuneration report in 2010.
The …… continue reading >>
June 4, 2010, at 5:43 pm
The European Commission has this week launched a consultation, in the form of a green paper, in preparation for taking measures to enhance corporate governance in financial institutions and remuneration policies.
It is significant that the Commission is keen to avoid killing the spirit of what it is trying to …… continue reading >>
April 20, 2010, at 4:54 pm
The European Commission has recently announced it intends to initiate processes for taking action against EU Member States over implementation of the Shareholders Rights Directive (SRD). The Directive, which was passed in 2007, establishes Europe-wide principles for ensuring certain basic rights of shareholders at European listed companies. These rights relate to improved registration, participation …… continue reading >>
March 25, 2010, at 6:19 pm
Coming so late in the life of the current parliamentary term, the City may be forgiven for already turning attention from yesterday’s budget statement to post-election budgetary announcements for substantive financial and fiscal policy developments. However, hidden in the text of yesterday’s Budget Report is a potentially highly significant statement, which could make …… continue reading >>
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 >>
January 15, 2010, at 5:02 pm
In a move highlighting the changing landscape of shareholder-company relations in Germany, two DAX 30 constituents are meeting with investors in advance of the first shareholder votes on executive pay. Top executives from Siemens AG and Thyssen-Krupp AG — which will convene AGMs on 26 January 2010 – will huddle with several key investors today, with executive remuneration likely to be …… continue reading >>
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