Index July 2004
Comment
Sykes' vision is flawed
Richard Northedge
It is hard to disagree with the devastating analysis of
the investment industry presented by Sir Richard Sykes in his Tomorrow’s Company
report. More >>
Manifest and European Governance
Paul Hewitt
Over the last few years, there have been many
positive developments in the standards of corporate governance and
disclosure in the UK. More >>
Governance
ICGN
Impact of stock lending investigated
The controversial practice of stock lending and its
possible impact on the voting of shares is to be discussed at
International Corporate Governance Network's (ICGN) annual meeting in Rio de
Janeiro this month. More >>
Shell
Corporate governance review gets underway
Royal Dutch/Shell
has appointed Peter Voser as its finance director and as a group
managing director. He will take up his position and join the board of the UK
arm of the group, Shell Transport and Trading
Company, on 4 October. More >>
Marks & Spencer
Shareholders await Rose strategy
The chief executive of Marks & Spencer
(M&S), Stuart Rose, is to present his plan to improve the group’s performance on
12 July, two days before its AGM. Since his appointment at the end of May he has
been reviewing the group with the senior management team.
More >>
Restoring Trust
Sykes report demands higher standards
Sir Richard Sykes, and his inquiry team, brought together by the think-tank
Tomorrow’s Company, has published their report, Restoring trust:
investment in the twenty-first century. More >>
European Governance
Swiss firms urged to ease voting requirements
Manifest has discovered some startling overseas practices
whilst investigating some of the potential barriers to voting that
and found certain
requirements made it physically impossible. More >>
ACEVO
More diversity on boards required
Stephen Bubb, head of the
Association of
Chief Executives of Voluntary Organisations (ACEVO) has called for more
action by business and government so that more boards include chief executives
from the not-for-profit sector. More
>>
Barclays
Banking group brings forward appointments
Barclays has brought forward
its previously announced appointments of Matthew Barrett, currently the
chief executive, as its chairman, and of John Varley, currently deputy chief
executive, as its chief executive.
More >>
IASB
Accountancy bodies push for IAS39 approval
The International
Accounting Standards Board (IASB) is pushing forward to allow for the
adoption of the the accounting standard, IAS39 Financial Instruments:
Recognition and Measurement, within the European Union (EU). More
>>
BSkyB
Company vows to follow best practice
BSkyB’s board has
agreed to follow best corporate governance practice following its review of
the relevant codes and laws led by non-executive director Lord Wilson of
Dinton. More >>
Conflicts of interest
US debates the role of proxy advisors
US mutual funds and other investment companies will soon be making their first
proxy voting disclosures for the year to 30 June as required by the
Securities & Exchange Commission (SEC) in rules
adopted in January last year. More
>>
TeliaSonera
Management changes rumble at telecoms firm
Harri Koponen, deputy chief executive and head of
TeliaSonera International, left
TeliaSonera, the Scandinavian telecommunications company, at the start
of the month. More
>>
Pay deals
Corporate governance has lost its way
The annual peak reporting season has again provided
opportunity for comment on the pay deals struck with executive directors.
More
>>
Corporate Social Responsibility
GlaxoSmithKline
Pharmaceuticals giant faces lawsuit from Spitzer
The New York State Attorney General Eliot Spitzer has filed
a lawsuit against pharmaceuticals giant
GlaxoSmithKline (GSK).
More >>
Governance in brief.....
Baltimore to return cash to
shareholders
Baltimore Technologies,
the cash shell, is to hold its AGM and an EGM requisitioned by its largest
shareholder Acquisitor Holdings
(25.7% stake on 18 June), on 5 July. More >>
CSR in brief.....
Record numbers receive the big
tick
A record number of companies have been awarded
Business in the Community's (BITC) Big
Tick for demonstrating a positive impact on society and business.
More >>
Conferences
Topical governance and CSR-related conferences.
More >>
July,
2004
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