Manifest - The Proxy Voting Agency

Investors talk about their pre-season plans

Sarah Wilson — Fri, 12 Mar 2010 12:16:19 +0000

London based investor relations advisor HQB Partners has released its 2010 pre-season survey of corporate governance teams at 23 leading institutional investors in the United States, the United...

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Novel resolution seeks to make director opposition votes bight

Allie Monaco — Fri, 12 Mar 2010 10:02:58 +0000

A new shareholder resolution, debuting at NYSE-listed General Electric Co.’s April 28 meeting, is asking the board to adopt a policy prohibiting any director receiving more than a 20% opposition vote...

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Chain of intermediaries binds US shareholders too

Sarah Wilson — Thu, 11 Mar 2010 11:34:54 +0000

Mixed news from the US federal courts this week as John Chevedden faced up to Apache Corporation over his attempt to submit a shareholder proposal. Chevedden’s troubles began when he sought to...

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Owners must generate momentum for reform

Sarah Wilson — Tue, 09 Mar 2010 17:57:50 +0000

Lord Myners has supported calls for reform of the Takeover Code in the UK, but made it clear that “The owners of firms that have lost so much from ill-advised takeovers must generate the...

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UK pushes for greater board diversity

Sarah Wilson — Tue, 09 Mar 2010 15:30:42 +0000

The UK Government has asked the Financial Reporting Council to consider including a new principle in its code of conduct (UK Corporate Governance Code) to require companies to report on what they’re...

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Ireland to get own governance code?

Sarah Wilson — Mon, 08 Mar 2010 13:45:31 +0000

The Irish Stock Exchange is considering whether there should be a stand-alone Irish corporate governance code following revelations of governance shortcomings in the market. According to a new report...

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Did Kraft mislead the market?

Sarah Wilson — Mon, 08 Mar 2010 12:27:26 +0000

Kraft is under investigation by The Panel on Takeovers and Mergers (the Panel) over allegedly misleading statements the company made to investors and employees during its five month takeover battle...

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High Court grants injunction against BAE settlement

Sarah Wilson — Fri, 05 Mar 2010 12:34:35 +0000

The UK’s High Court has granted an injunction prohibiting the Director of the Serious Fraud Office (SFO) from taking any further steps in its plea bargain settlement with BAE Systems. SFO has...

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No value in a non-audit service bar say Scottish accountants

Sarah Wilson — Fri, 05 Mar 2010 12:22:09 +0000

There is no benefit to be gained from a complete prohibition on auditors providing non-audit services to their listed clients. That’s the view of a new research paper published by a Working...

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Deloitte develops carbon advisory business

Sarah Wilson — Fri, 05 Mar 2010 11:00:17 +0000

Big Four auditor Deloitte has enhanced its presence in the green consultancy market through the acquisition of sustainability and consultancy adviser dcarbon8. The firm will be integrated with...

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