Index April 2003
Comment
Dangers as shareholders take control
Richard Northedge
Once
it was easy: managers managed companies. Now Higgs has codified the modern
thinking that executives are indeed mere managers and boards should comprise a
majority of non-executives. More >>
Governance
Companies
Reed Elsevier proposes US-style option scheme
Publisher Reed Elsevier was
forced to amend share option scheme proposals after consulting institutional
investors. It was estimated that the proposed new share incentive schemes
would give the board an award of over £20m. More >>
Higgs Review
Tyson names team to help find NED talent
The group of business leaders formed at the request of the government
following the Higgs review has begun its task of exploring how a wider group
of people can become non-executive directors.
More >>
IMA
Fund managers commit to activism
The fund management industry reiterated its commitment to shareholder
activism at the investment conference of the National Association of Pension
Funds last month. More >>
Myners principles
Surveys reveal schemes are changing behaviour
The government has launched its review of the Myners principles to study
the level of compliance by pension funds. More >>
Hong Kong listings
Push for listings reform
The Hong Kong government has accepted the recommendations of a review
into the operation of the securities and futures market regulatory structure
which has concluded that the listing function should be removed from the
Hong Kong stock exchange (HKEx). More >>
Accounting and Audit
EU Commissioner against limiting auditor liability
Frits Bolkestein, European Commissioner for the internal market has spelt
out why he does not believe there is any reason for limiting auditor
liability. More >>
Corporate Social Responsibility
ACCA
Companies awarded for CSR commitment
Companies that report on environmental, social and
sustainability issues were honoured at the recent
Association of Chartered Certified Accountants' awards.
More >>
Trades Union Congress
Employers should spend more on health & safety
The Trades Union Congress (TUC)
claims that employers are not paying enough for the health and safety of
staff. More >>
Governance in brief.....
High potential dilution in US
stock option plans
Potential dilution from stock-based incentive schemes has increased in
the US according to the Investor Responsibility Research Center (IRRC).
More >>
CSR in brief.....
Investors launch pharmaceuticals campaign
ISIS Asset Management and the
Universities Superannuation Scheme (USS)
have launched an
investor statement on pharmaceutical companies urging them
to be proactive, alongside governments, in helping to tackle the public
health crisis in emerging markets. More >>
Conferences
Topical governance and CSR-related conferences.
More >>
April, 2003
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