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Governance News |
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Remuneration report votesUBM and MFI reports defeatedTwo companies have lost the votes in respect of their
remuneration reports at their AGMs this year. |
WM MorrisonMore governance changes announcedThe board of the supermarket group WM Morrison admitted prior to its AGM last month that it was currently unable to provide reliable guidance on the level of profitability for the year. More >> |
Queen's speechCompany law bill promisedThe Queen’s Speech announced that the
government plans to introduce a company law reform bill into parliament.
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Booz Allen HamiltonChief executive dismissals reach record levelsChief executive (CEO) dismissals and other forced departures reached record levels last year, according to Booz Allen Hamilton, a management consultancy. More >> |
Deutsche BörseSeifert steps down after shareholder discontentThe recent AGM at Deutsche Börse, the Frankfurt Exchange, introduced more flexible terms of office for supervisory board members. More >> |
Marks & SpencerNew chairman announcedAfter much speculation about a boardroom split at the
retailer, Marks & Spencer, Terry Burns will join the company as deputy chairman
on 1 October. |
IFRSCompanies say new standards have little impactJeffrey Lucy, chairman of the Australian
Securities and Investments Commission, has welcomed the recent discussions
between the SEC and the European Commission on the convergence of IFRS and US
GAAP. |
Operating and Financial ReviewASB produces reporting standardThe Accounting Standards Board's (ASB)
Reporting Standard (RS) 1 ‘The Operating and Financial Review’ (OFR) published
last month was largely welcomed. |
Governance in brief.....Walt Disney accused of making false statementsThe Walt Disney Company and a number of the directors of its board have been accused of issuing false statements to shareholders about the company’s search for a new chief executive in order to induce shareholders to vote in favour of the incumbent board at the 2005 AGM. More >> |
Governance ResourcesLooking for Governance books? See the Manifest Bookshop Click Here >> for more details.ConferencesTopical governance and CSR-related conferences. More >> |
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Corporate Social Responsibility |
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ExxonMobilShareholder resolutions given substantial backingShareholders of ExxonMobil, the energy company, gave record voting support to a shareholder resolution seeking greater analysis and disclosure from the company about the financial impacts posed by global climate change. More >> |
Climate changeInvestors call for more actionTwo-dozen leading US and European institutional investors, collectively managing over $3trn in assets, have released a 10-point action plan calling on US companies, Wall Street firms and the US Securities and Exchange Commission (SEC) to increase their efforts to provide investors with comprehensive analysis and disclosure about the financial risks of climate change. More >> |
General ElectricCommitment to meet environmental challengesGeneral Electric (GE), the largest US public company,
has announced its ecomagination initiative – designed to aggressively bring to
market new technologies that will help customers meet environmental challenges.
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Pharmaceutical companiesBig shareholder support for more accountabilityUnprecedented numbers of shareholders have supported calls for increased accountability, transparency and access to medicines at big pharmaceutical companies during the 2005 US proxy season, according to the Interfaith Center on Corporation Responsibility (ICCR), a group of 275 faith-based institutional investors. More >> |
Workplace safetyFatalities rise in IrelandTom Beegan, chief executive of Ireland’s Health and Safety Authority (HSA), has expressed concern at the rise in workplace fatalities during the first four months of 2005. Beegan said he was very concerned that people are dying because proper measures have not been taken to ensure workplace safety. More >> |
CSR in brief.....EPA recognises climate change effortsThe US Environmental Protection Agency (EPA) has recognised 25 individuals, teams, organisations and companies for outstanding efforts to protect the Earth’s climate and stratospheric ozone layer. The EPA said the recipients of the awards have demonstrated ingenuity, leadership and public purpose by achieving reductions of ozone depleting and heat-trapping gas-emissions. More >> |
Academic RoundupManifest-I presents a summary of recently released academic papers on international corporate governance issues. More >> |
AdvertiseShow your support for corporate governance and CSR by advertising with Manifest-I. |
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