Companies and financial institutions around the world have express strong levels of support for many of the key components of financial regulation reform proposed by governments in the United States and Europe, according to new research published this week by Greenwich Associates. Greenwich surveyed 458 large companies and financial institutions in North America, Europe and […]

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Just to illustrate the impact of the reformed broker voting rules in the USA, it’s interesting to look at Bank of America’s proxy votes results which were released to the SEC on Friday, 7th August. Last month, the SEC voted to exclude broker votes from all director elections starting 1st January 2010. Earlier this year Bank of […]

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FortisEffect, the group of dissident shareholders opposed to the break-up and nationalisation of Fortis, has lost its attempt to stop the break-up of the company. The commercial court in Amsterdam earlier this week ruled that it could not freeze the sale of the insurance units because it had already partially happened and there were practical objections […]

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In the run up to the United Nations Climate Change Conference in Copenhagen, SRI research specialists, EIRIS have published a new report focussing on 300 of the world’s largest companies to examine the progress they have made over the last 12 months in responding to the challenges of climate change.    “Climate Change Compass: The road […]

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Judging by this week’s crop of enforcement stories, the US securities regulator, The Securities & Exchange Commission appears to be relaunching itself with renewed vigour. The week of August 3rd to 7th is probably going to go down in history as one of the Commissions busiest and most high profile weeks. Here’s the timeline: 3rd […]

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US shareholders get say on pay at financial institutions – in exchange for more investor disclosure. The US House of Representatives has passed Congressman Barney Frank’s bill to “amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of […]

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A PROXY Governance review of Russell 3000 companies holding their 2009 annual meeting prior to July 1 reveals considerable disparity in female board representation across sectors. Overall, women make up 10.7 percent of directors in the Russell 3000, but just 5.6 percent and 5.1 percent of directors in the energy and semiconductor sectors, respectively. The […]

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Welcome news this week about Japanese corporate governance developments from Washington-DC based Council of Institutional Investors. Jonathan Urick, CII’s international governance policy co-ordiantor met with Makoto Seta and Toshiya Otsu of the Japanese Financial Services Agency (FSA) to discuss their agency’s ongoing efforts to improve corporate governance. Makoto and Toshiya have embarked on an ambitious global roadshow to meet with various foreign […]

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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), as well […]

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Manifest cordially invites you to you our end of season colloquium in Paris on September 9th 2009. Please join us for an afternoon of informative analysis and lively debate in the graceful surroundings of the British Ambassador’s Residence in the heart of Paris –  just a short train ride from central London and all leading […]

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