Index May 2003
Comment
Intelligent shareholder activism
required
Richard Northedge
When this year’s battle began, it began in earnest. Barely a head appeared
above the parapet at a company meeting without some shareholder taking a pot
shot. It has been open season for the snipers from the institutions and
their corporate-governance intelligence teams. More >>
The deadly sins of remuneration
consultants
Cliff Weight
The Combined Code says that directors’ pay should not be excessive.
Nevertheless, in some cases it clearly is. But why is this so?
More >>
Governance
Companies
Board pay produces shareholder dissent
Reed Elsevier's long term
share option scheme proposal was passed at its AGM on 8 April but with a
higher than normal level of opposition with a third of the shares voted
opposing the measure. More >>
Higgs Review
CBI fears box-ticking approach from investors
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 >>
Securites & Exchange Commission
William McDonough appointed as PCAOB head
US financial regulator, the
Securities and Exchange Commission, has selected William McDonough as
the chairman of the Public Company Accounting
Oversight Board. More >>
Governance in brief.....
CalPERS approves Japanese investment
The California Public Employees' Retirement System (CalPERS) has approved a
$200m investment in The Taiyo Fund that will use corporate governance activism
to turn around Japanese under performing public companies.
More >>
CSR in brief.....
FTSE4Good tightens human rights criteria
FTSE has enhanced the human rights criteria of its FTSE4Good Indices following
consultation last year.
More >>
Conferences
Topical governance and CSR-related conferences.
More >>
May, 2003 |
