In the spring of 2012, The Conference Board and the Rock Center for Corporate Governance at Stanford University conducted a survey of executives and board members to gain insight into how senior-level decision makers in North American companies view social media, and the extent to which they incorporate it into their corporate strategy and risk management practices.
Month: October 2012
GMI Analyst: ESG and Accounting Metrics for Investment Use – Asset Turnover
The following entry appeared as part of Governance Metrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.
2013 Proxy Voting Results: “Harsher Stance on Misconduct, Weak Earnings, Independence of Directors Likely in 2013” (Nomura)
Based on a representative survey, Nomura's Kengo Nishimura has summarized the results of proxy voting in the 2012 AGM season, in the report which can be downloaded below. His major conclusions, and some of the more salient data results:
Summary of Various Guidelines re Director Training in Corporate Governance Codes in Asia
Summary:Singapore, Hong Kong, Korea and India makesignificant reference to director training, and specify requirements or guidelines with respect to it.This is in keeping with the OECD's Priorities for Asia that were agreed last November. Most other jurisdictions also make some sort of reference to training. Japan does nothing it all; it does not even have a Corporate Governance Code or listing requirements on the topic.
Japan – Nothing at allto report.
Canadian Chamber’s Report on BDTI’s “Gender Diversity in the Board Room” Event
CCCJ has put together a nice little video and summaryon our event, – which they so kindly sponsored ! We thank them.
http://www.cccj.or.jp/en/news/event-report/gender-diversity-seminar
Deutsche Bank: “Sustainable Investing: Establishing Long-Term Value and Performance”
Deutsche Bank's replete newstudy ofmore than 100research papers and otheranalysisshowed that ESG factors are correlated with superior returns.
Deutsche Bank – Sustainable Investing- 2012- later, click at lower right to download:
http://bdti.mastertree.jp/f/pno78jbd
OECD’s Reform Priorities in Asia (2011) Targeted “Training” as a Top Priority
[Report: Reform Priorities in Asia: Taking Corporate Governance to a Higher Level] – This report defines corporate governance reform priorities and makes recommendations that reflect the specific conditions and needs within Asia. Agreed by consensus, the report updates the Roundtable’s 2003 White Paper and includes an overview of corporate governance frameworks in 13 Asian economies.
OECD-Asian Roundtable on Corporate Governance, 24-25 October 2012, Tokyo, Japan
The OECD-Asian Roundtable on Corporate Governance was held in Tokyo, Japan on 24-25 October 2012. The meetingwas generously hosted by the Financial Services Agency and the Tokyo Stock Exchange, in partnership with the Government of Japan. Senior policy-makers and market practitionersdiscussed progress and challenges in order to support national corporate governance reforms through an open exchange about country experiences.
GMI Analyst: ESG and Accounting Metrics for Investment Use Consecutive Quarters of EPS Growth
The following summary appeared as part of Governance Metrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.
HKEx Consults on Board Diversity
Hong Kong Exchanges and Clearing Limited (HKEx) published its Consultation Paper – Board Diversity (Consultation Paper) to set out the proposed amendments about board diversity to Appendix 14 (Corporate Governance Code (Code) and Corporate Governance Report) to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.