Index January 2004
Comment
Fund managers should get their house in order
Richard Northedge
Now that quoted companies are subject to a considered
corporate governance regime, 2004 should be the year when the same standards are
imposed on the owners of those companies.
More >>
Governance
GlaxoSmithKline
Shareholder remuneration concerns addressed
GlaxoSmithKline (GSK)
has announced a new executive remuneration policy following an independent
review by Deloitte & Touche,
consultation with shareholders and deliberations by the company’s
remuneration committee. More >>
New York Stock Exchange
SEC approves governance structure changes
The Securities & Exchange Commission
approved changes to the governance structure of the New York Stock
Exchange (NYSE) leading it to announce a series of appointments.
More >>
US Proxy Access
Unprecedented response to SEC proposals
As US market governance reforms continue apace, the SEC has received
unprecedented levels of interest in its proposals to reform shareholder
nominated director elections. More >>
Carlton and Granada merger
Green to receive £1.4m pay-off
Shareholders will be given the opportunity to vote on the merger of
Carlton and
Granada
to form the single ITV company this month
with the effective date of merger scheduled for 2 February.
More >>
Surveys
Investors want pay linked to performance
Chief
executive pay should be more clearly linked to company performance according
to 65% of institutional investors and analysts questioned by MORI for an
Investor Relations Society report, Effective Investor Relations 2004.
More >>
Manifest & ABI link-up
Customers gain access to IVIS colour codes
The Association of
Britsh Insurers' (ABI) investment committee has recently approved a
co-operation arrangement with Manifest that will enable all Manifest
customers to access the ABI's Institutional
Voting Information Service (IVIS) colour codes. More >>
Review of 2003
Higgs Review heralds Combined Code reform
The City institutions are not generally regarded as
rebels. But in 2003 shareholders rejected the
GlaxoSmithKline’s (GSK)
remuneration report when it was put to the vote in May at the AGM.
More >>
Governance in brief.....
Dowding & Mills breaches Combined Code
Manifest
identified another company, Dowding & Mills, which
did not propose a resolution seeking shareholder approval for its
remuneration report in the meeting notice for its
AGM last month. More >>
CSR in brief.....
Consumer boycotts are a cost to big business
Ethically-motivated consumers who consciously boycott big brands are
costing them £2.6bn a year according to the annual
Ethical Purchasing Index published in December by the
Co-operative Bank, the
New Economics Foundation and
The Future Foundation.
More >>
Conferences
Topical governance and CSR-related conferences.
More >>
January, 2004
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