Governance News from Manifest - ISSN 1745 - 1132

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In this edition

Governance

Standards  >>

Activism

Companies >>

Research >>

People >>

 

CSR

SRI >>

Environment >>

Health & Safety >>

Ethics >>

 

Features

Survey >>

Sector Review >>

Leaders/Laggards >>

Academic View >>

 

Manifest-i - Comment March 06

Lesson from UK to be learnt on director pay
Karen Talbot, Editor

It will be interesting to see the impact of the new disclosure rules in the US that have been proposed by the Securities & Exchange Commission (SEC).  More >>
 

Governance

Standards & Guidance
ACCA believes companies want to opt for OFR

The Association of Chartered Certified Accountants (ACCA) is to recommend to the UK government that companies should be given a choice in respect of forward-looking narrative reporting. More >>

Activism
F&C opposition to company management mostly on pay

F&C Asset Management supported company management in 81% of votes during 2005 , down from 84% in 2004, with director compensation being subject to the greatest degree of opposition, according to the fund manager’s annual voting report.

More >>

Companies
AWB criticised over UN oil for food programme allegations

The Australian Shareholders’ Association (ASA) called for six directors of AWB to stand down over allegations that the wheat company paid bribes to Saddam Hussein’s former regime in Iraq. More >>

Research
Boards not yet truly global

Across 250 of the world’s largest companies, only 18.6% of board members are different in nationality to the company they work for, according to the Economist Intelligence Unit’s (EIU’s) analysis of the 25 largest companies in ten stock markets.   More >>

People
Briefs .....

Richard Segal will step down as chief executive of PartyGaming, the online poker company, on or before 1 June. More >>

Governance Resources

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Conferences

Topical governance and CSR-related conferences.
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Corporate Social Responsibility

Socially Responsible Investment
C of E general synod supports dis-investment

The general synod of the Church of England (C of E) has voted to end its investment in companies profiting from Israel’s illegal occupation of Palestinian territories.

More >>

Environment
Parliamentary group calls for small shops to be protected

There is a widespread belief that many small shops in the UK will have ceased trading by 2015, which would damage the UK socially, economically and environmentally, according to High Street Britain: 2015, a report by the all-party parliamentary small shops group.  More >>

Health & Safety
MPs vote for smoking ban widely welcomed

The MPs vote in favour - by a margin of 328 - of banning smoking from all pubs and by 200 to extend this ban to private members’ clubs was widely welcomed by trade union and health campaign groups. 

More >>

Best Practice & Ethics
Oil giants criticised for record profits

The oil giants Royal Dutch Shell and BP drew criticisms from campaign groups and trade unions after both announcing record profits. There were calls for the companies to face a windfall tax and the accusation they were unfairly benefiting from the current high oil prices. More >>

Features

Survey
Sustainability Reporting

Corporate responsibility (CR) reporting continues to be a growing area as companies try and disclose and quantify in a better way than before all the risks they face. More >>

Sector Review
Chemicals Industry

The potential for chemical companies to cause social and environmental damage is enormous, and according to the United Nations Environment Programme (UNEP) global chemical production is set to rise by as much as 80% over the next 15 years. More >>

Leaders and Laggards
CIS raises concerns at FTSE 250 chemical companies

All three chemical companies in the FTSE 250 were subject to Co-operative Insurance Society (CIS) governance concerns in 2005. More >>

Academic Round up

Manifest-I presents a summary of recently released academic papers on international corporate governance issues. More >>

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