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Governance News from Manifest - ISSN 1745 - 1132

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Manifest-i - July 06

Governance

Activism

FirstGroup shareholders propose human rights resolution

Investors in FirstGroup will have the opportunity to vote on a shareholder resolution at its AGM this month (13 July) that would require directors to implement and monitor a company-wide workplace human rights policy.

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Companies

Arcelor board recommends improved offer from Mittal Steel

After several months of fighting of its advances the board of steel company, Arcelor has unanimously recommended the improved offer from Mittal Steel, which will create Arcelor Mittal.

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Standards & Guidance

Countries slow to enforce OECD anti-bribery convention

While the overall trend in the fight against corporate bribery overseas is positive, the UK is among those major trading nations that have failed to enforce the Organisation for Economic Co-operation and Development’s anti-bribery convention. 

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Research

Scandinavia leads on female board representation

The number of women on the boards of companies based in Scandinavian countries has surged ahead of the rest of Europe thanks to those countries’ proactive policies to increase female representation, found a study by the European Professional Women’s Network. More >>

People

Briefs .....

Keith Satchell will stand down as chief executive of Friends Provident, the financial services group, in the first half of 2007. Satchell has held this position since 1997, and will be succeeded by Philip Moore, Friends Provident finance director.

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Academic Round up

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

 

Conferences

Topical governance and CSR-related conferences.

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Corporate Social Responsibility

Socially Responsible Investment

UKSIF launches project to highlight pension fund leaders

A two year programme aimed at promoting sustainable and responsible investment among pension funds has been launched by the UK Social Investment Forum (UKSIF). 

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Environment

European electricity firms lack clear plans on climate change

While all of the 12 European electricity companies analysed by Insight Investment identified climate change as an important issue, many have failed to provide clear strategies with which to translate these statements into practice.  More >>

Best Practice & Ethics

US civil rights group targets BP

BP, the oil company, has been picketed in 10 cities across the US by the Rainbow PUSH Coalition, a civil rights group. Rainbow said it had targeted BP because of the company’s record on health and safety, race discrimination, and its influence on the political system.

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Health & Safety

Compensation Bill amendment will reverse asbestos ruling

The UK government received the support of the TUC for its proposal to amend the compensation bill, currently going through parliament, to reverse a recent House of Lords decision which reduced the compensation payments available to sufferers of asbestos-related illnesses and their families.  More >>

 

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