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Stephen Davis, Nonresident Senior Fellow regarding Governance Studies at the Brookings Institution, and a much-acclaimed author, Professor, and commentator on governance issues, has written a brilliant analysisthat pinpionts what ailscorporate governance in this modern era we have been entering (without realizing it) for some decades now. The paper can be downloadede at the link below
http://www.brookings.edu/research/papers/2012/06/01-shareholder-davis
Following the useful panel discussion yesterday, I looked up and am forwarding along this RIETI paper that discusses the positive impact of increased foreign stock ownership upon productivity growth, especially due to their “strong attitudes toward voting. In section 3 this paper also mentions several earlier studies that showed a positive relationship between foreign investment and corporate value, and a negative relationship between cross-shareholding and firm value.
Nomura has released the results of its Individual Investors Survey. The results pertaining to governance matters, intentions regarding exercising voting rights at general shareholders‘ meetings, are set forth at the bottom, but the main gist is that: Of the respondents saying they planned to exercise their voting rights, 25.8% said they intended to vote in […]
Key Takeaway: TEPCO’s board may be more independent, but Japan, Inc is still slow to improve broader governance even as Singapore, HK advance
The following entry appeared as part of GovernanceMetrics 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.
Robeco has published its highly useful annual report on responsible/ sustainability investing.
We would like to bring the attached proxy analysis and voting recommendations, which Glass Lewis published on Friday, to your attention. The analysis of agenda item four, ratification of the acts of the supervisory board / approval of the discharge of the supervisory board, on pp. 8-12, is of particularly high quality, as it demonstrates an understanding of the underlying legal concept as well as a qualitative rather than a box-ticking approach.
Having seena number of massive risk externalization events over the past few years – Lehman, AIG, BP oil spil, Tepco, Livedoor, Greece, possibly Olympus,etc.
Excellent discussion by Edward Hadas about using an Aristotelian perspective to consider this question that is so central to anyconsideration of corporate governance issues.(From Reuters – By Edward Hadas May 2, 2012) –
Since Singapore has just set forth amendments to its Corporate Governance Code that are impressively well-refined and substantial, we thought we would look at some other Corporate Governance Codes (CG Codes) in Asia from the boardtraining perspective.