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By Andrew Newton on 25 May, 2009 - 13:47 UTC

In the weekend drama, investors also demanded the resignation of the chairman of the company's remuneration committee.

 

The investors' anger arises from the fact that bonuses were paid even though performance targets were not reached.

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The head of Pirc, which advises pension funds responsible for assets worth £1.5tn, has called for German-style inclusion of workers on UK boards.

 

Alan MacDougall argues that such a move would provide corporate boards with a counterweight to entrenched interests.

 

Pirc also recommended that the voluntary corporate governance codes in place in the UK be replaced by rules enforceable by the Financial Services Authority.

Another groundbreaking revision of the South African corporate governance code has been produced by the committee run by Mervyn King.

The second King report attracted international attention for its requirement that companies produce sustainability reports in line with recognised benchmarks such as the Global Reporting Initiative.

The new report takes the corporate responsibility agenda even further. It is no longer good enough simply to report on sustainability performance. Now sustainability is pushed as a principle so central to business operation that the report refers throughout to "integrated sustainability performance and reporting" i.e. the integration of sustainability into decision making and the annual report to shareholders.

The draft King 3 places South Africa back in the forefront of 21st century business thinking.
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Charting the embattled CEO
By Andrew Newton on 23 Jan, 2009 - 05:23 UTC
New research into evolving US corporate governance regulation and shareholder activism charts a steady decay in CEO power since 2000.

The research has just been published by NYU Professor Marcel Kahan and University of Pennsylvania Professor Edward Rock. They find multiple causes of the trend, including changes to shareholder composition and activism, changing governance rules, regulatory changes and the greater substantive independence of board members.

Good reading.

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Banking Industry Lessons Learned

Posted by christinearena to the Case in Point blog

Have big banks learned a single lesson from Enron's past mistakes? Apparently not. But smaller community banks have, and are now reaping the rewards. >>

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  • on 27 Apr 2009

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