The Singapore Exchange (SGX) is undertaking a consultation on amendments to its Listing Rules to align them with the amended Companies Act passed in October 2014. The Listing Rule changes will be able to send companies to send company notices and documents to shareholders electronically and the consultation asks if there is any concern about allowing companies to do […]
Read MoreThe amended Transparency Directive (TD), which entered into force on 26 November 2015 across the EU brings major new powers to the FCA. One of the key changes is that the FCA can apply to court for a voting rights suspension order against a “vote holder” of shares in a company which are admitted to trading on […]
Read MoreThe European Commission has released proposals which it says will improve access to finance for companies and simplify the information provided for investors. The Commission is making changes to the Prospectus Directive, originally adopted in 2003 and last revised six years ago. Under the proposed changes the directive will become an EU Regulation. The proposals follow […]
Read MoreThe UK government has decided against regulating for pension trustees in order to help them distinguish between financial and non-financial factors in their investments believing that guidance now exists to assist trustees. The announcement followed a government consultation on specific recommendations contained in a Law Commission report into the fiduciary duties of investment intermediaries that […]
Read MoreDid Exxon lie about its climate change reporting? Oil and gas giant Exxon Mobil has received a subpoena from the New York Attorney General, Eric T. Schneiderman, regarding its climate change disclosures. The subpoena documents suggest that Exxon Mobil knew about the risks of climate change at a time that it was publicly denying the […]
Read MoreWhen Dale Wannen of US investment advisor Sustainvest Asset Management wanted Irish pharmaceuticals company Actavis to publish an annual sustainability report he didn’t just write a letter to the directors, or lobby a regulator for a rule change, he took matters into his own hands and proposed a shareholder resolution.
Read MoreThe Manifest – MM&K Annual Survey of Executive Pay shows that the Shareholder Spring has clearly had an effect on remuneration committee thinking. This has been galvanized by regulatory intervention to reinforce investors actions. However, the single figure “accounting for pay” approach has created more uncertainty for shareholders. Total Remuneration 2013 – Key Takeaways Shareholder Spring effect has reduced CEO pay […]
Read MoreAs we tweeted last week it’s AGM season, so that means it’s time for more consultations. Consultations are generally a good thing, even if the timing is a little inconvenient for shareholders. This article takes a look at the key takeaways from the UK’s latest consultation but then poses some tricky questions about the evolving nature […]
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