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Governance News |
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ManifestProxy voting firm considers AIM listingManifest has appointed Michael Deakin as its chairman replacing Peter Dixon, who is stepping down to concentrate on his other roles, including chairman of University College Hospitals NHS Trust and The Housing Corporation. More >> |
Company Law ReformAccounting groups welcome government plansThe Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England & Wales (ICAEW) have voiced their support for government plans to limit the liability of auditors on a proportionate basis. More >> |
US shareholder class actionsSettlements reach record highsUS shareholder class action settlements are at an
all-time high, according to a
study by
NERA Economic Consulting which examined
federal class action litigation filings, settlements values, and
dispositions between January 1991 and 15 June 2005. |
Financial Services AuthorityEnforcement procedures to get a shake-upThe Financial Services Authority (FSA) has recommended measures to strengthen the objectivity of its Regulatory Decisions Committee (RDC) following the the review of its enforcement processes. The review was commissioned in February after criticism by the Financial Services and Markets Tribunal. More >> |
Work FoundationAnalysis of how companies succeed publishedOf 3,000 UK firms surveyed and ranked, in terms of added value the top third outperforms the bottom two-thirds by £16,000 per worker per annum, and this is in large part due to fundamental differences in shareholder and governance systems, stakeholder relationships and human resources practices, according to a report from the Work Foundation. More >> |
BaugurGroup backs out of possible Somerfield bidIcelandic group, Baugur, which owns UK retail companies
such as MK One, Mosaic Fashions, Iceland and Booker, was forced to withdraw from
a consortium in discussion with Somerfield over a potential offer for the
supermarket chain. |
New Zealand Securities CommissionPrinciples-based regime developedThe importance of developing a distinctive
corporate governance model for New Zealand alongside a global approach by
securities regulators was emphasised by Cathy Quinn, a member of the country's
Securities Commission in a recent speech. |
Governance ResourcesLooking for Governance books? See the Manifest Bookshop Click Here >> for more details.ConferencesTopical governance and CSR-related conferences. More >> |
International Corporate Governance Network
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New Agenda for the ICGNStrengthening governance can combat povertyCombating poverty will be tackled more successfully by increasing capital flows into markets than by aid believes Ira Millstein, senior partner at Weil, Gotschal & Manges. More >> |
Active investor strategiesCalpers CIO says governance good for returnsThe motivation for being an active investor and the strategies for engagement were debated at the ICGN conference. More >> |
Global governance regimeGood disclosure key to good governanceCongressman Michael Oxley, one half of the duo that worked to push through the Sarbanes-Oxley Act that was put into US law in 2002, underlined how crucial it was at the time. More >> |
ICGN policiesRevised global governance principles approvedThe ICGN's revised statement on global corporate governance principles were approved at the organisation's annual meeting. More >> |
Governance in brief.....CIBC settles over mutual fund market timingThe Canadian Imperial Bank of Commerce (CIBC) has reached settlements with the US Securities and Exchange Commission (SEC) and the New York Attorney General’s Office regarding CIBC’s activities on behalf of hedge funds that engaged in improper mutual fund market timing. 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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Corporate Social Responsibility |
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BITC awards for excellenceBHP Billiton takes company of the year titleAustralian-headquartered resources company BHP Billiton,
won this year’s company of the year title – the top prize at the Business in the
Community National Awards for Excellence. . |
CSR in brief.....Health and Safety Performance Index launchedInstitutional investors and other stakeholders are being urged to encourage companies to submit their health and safety performance to scrutiny through the Corporate Health and Safety Performance Index (CHaSPI) launched last month by the UK's Health and Safety Executive. More >> |
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