Index September 2003
Comment
Scrutiny required of proxy voting process
Richard Northedge
It would be a national scandal if a large number of votes went missing in a parliamentary election. When Unilever discovers
that a sizeable sum of votes for its annual meeting was not registered, it should be no less of a scandal.
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Governance
Unilever
Missing votes blamed on voting process
Manifest has advocated that the
Financial Services Authority bring the regulation of proxy voting at company meetings under its remit to force an
improvement in turn out and of record keeping.
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IFAC
Financial reporting improvements recommended
Restoring the pubic trust in financial reports is the focus of a report from an independent task force commissioned by the
International Federation of Accountants (IFAC).
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Corporate Social Responsibility
Environment Agency
Higher fines needed for environmental crime
The courts have been accused of providing a weak response to environmental crime by Barbara Young, chief executive of the
Environment Agency.
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SRI fund managers
Henderson tackles US responsibility deficit
Tackling the lack of disclosure on corporate social responsibility issues among US companies is being addressed by the
Henderson Global Investors' socially responsible investment (SRI) team.
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Governance in brief.....
MCI receives corporate governance advice
Recommendations to avoid a repeat of the fraud and corporate excess that caused the bankruptcy of
MCI, formally WorldCom, have been provided by Richard Breeden, a former chairman of the Securities & Exchange
Commission (SEC) who was appointed as a corporate monitor by the
US District Court for the Southern District of New York.
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CSR in brief.....
Supply chain challenges addressed
The
Business in the Community programme,
Business in the Environment, has teamed up with the
Chartered Institute of Purchasing and Supply and the
University of Manchester Institute of Science and Technology to establish the strategic supply chain group.
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Conferences
Topical governance and CSR-related conferences.
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September, 2003 |
