Archive | January, 2011

Best Practices for IR Websites

Q4 Web Systems, which provides content management software and tools for IR and corporate websites, has compiled a free compendium of best practices from a wide range of companies around the world as a resource for IR departments seeking to improve their online presence. Unlike what you typically get from a vendor whitepaper, Q4’s best […]

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Robert A. G. Monks: Interview

Forty years ago, Robert A. G. Monks figured out who rules the world: corporate shareholders. Most just don’t realize it, and those who do are often afraid to use their power. So Monks decided to lead by example, and the corporate world hasn’t been the same since. (VANTAGE POINT-Robert A. G. Monks, MaineAhead.com, 1/2011)

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FRC Recommends Shareowner Involvement in Choice of Auditor

The Financial Reporting Council, the UK financial reporting watchdog, wants shareholders to have more say in choosing the firms which audit corporate accounts. The suggestion is among a raft of ideas the FRC is putting forward for debate in a bid to improve corporate reporting in the wake of the financial crisis. The FRC argues […]

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Deceptive Vote Counting: Cisco We Hear You Loud & Clear

As the press release from Boston Common Asset Management below reports, Cisco Systems made a deceptive announcement of vote results because they used two different methods to calculate proxy results announced at the annual meeting. They reported their own proposals as a simple ratio of those voting but included not only abstentions in the ratio […]

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Don’t Toss that Proxy

During the next several months, most corporations will be sending out their proxies (ballots) and holding their annual meetings. Individual shareholders own about 30% of the stock in US markets but few bother to participate, even though we often feel corporate managers have too much power and too little accountability. When we fail to vote, […]

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DTCC Splits Chair and CEO Positions

The company that holds legal title to about 80% of all American stocks announced this week that it will separate the role of chairman and chief executive officer following a two-year review of the organization’s governance. Splitting the roles will increase its oversight of risk management and follows a growing trend by international companies that […]

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Swiss May Limit CEO Pay

Disgusted with the how much CEOs are paid in comparison to the average worker? In Switzerland they are using the referendum process to address the issue head on. Thomas Minder, CEO of Trybol Cosmetics launched his campaign in October 2006 and collected nearly 118,600 to bring bring about a national referendum on remuneration. Minder, who […]

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J&J Directors on the Line

A group of Johnson & Johnson (J&J) shareholders are seeking legal retribution for what they see as managerial oversights and ignorance of “red flags” that may have provided notice of the recent federal investigations of the company’s “manufacturing defects” and potentially illegal “marketing practices.” The multiple investigations began earlier this year when the company froze […]

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Is Corporate Governance Dead?

John Richardson writes that corporate governance is dead. One indicator of this is the recent spate of mergers in the proxy adviser world. ISS goes through its seemingly endless series of mergers and acquisitions. MSCI, now stuck with a minimally profitable enterprise is no doubt wondering how to offload this doddering venture. Governance Metrics merged […]

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