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Manifest-i - August 06

Governance

Activism

Vodafone shareholders express discontent

After considerable media coverage prior to Vodafone's AGM last month poll results showed significant opposition from some quarters on the resolution to re-elect the CEO and on the report of the remuneration committee.

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Companies

US authorities take action against BETonSPORTS

AIM-listed online gambling company BETonSPORTS ousted David Carruthers, its chief executive, after he was detained by federal authorities in the US in connection with an alleged racketeering conspiracy.

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Standards & Guidance

SEC approves new pay disclosure rules

A new rule requiring increased disclosure of executive remuneration has been passed by the US Securities and Exchange Commission (SEC).

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Research

European remuneration disclosure could improve

Despite regulatory and best practice initiatives undertaken by some EU countries there is still a lack of compliance with key elements of the European Commission's recommendation on remuneration disclosure, according to a survey by Manifest published last month. More >>

People

Lord Browne to stay at BP until the end of 2008

Lord Browne, chief executive at oil giant BP, said he was “astonished and shocked” by the media reports speculating about his future at the company and the inference that BP had not got control of its succession plans.

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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

Equator Principles expanded and toughened up

The Equator Principles - a set of voluntary environmental and social guidelines for ethical project finance – have been revised.

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Environment

Environment Agency calls for more action on waste

The UK's Environment Agency has used its annual Spotlight report, to call upon food and drink manufacturers and retailers to take steps to cut down on the amount of waste and packaging they create. More >>

Health & Safety

Call for separate corporate killing law in Scotland

The Scottish Trades Union Congress (STUC) has hit out at the Scottish Executive over the introduction of the corporate manslaughter bill to parliament at Westminster.

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Best Practice & Ethics

Amnesty International campaigns for internet freedom

Amnesty International, the human rights movement, has launched a website as part of a worldwide campaign against governments that are trying to repress freedom of information via the internet. More >>

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