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.
Category: Investment
Nomura Releases Results of Individual Investors Survey: A Decreasing % Intend to Vote for All Resolutions
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 […]
Jefferies’ Naomi Fink: “Unrevolutionary Governance”
Key Takeaway: TEPCO’s board may be more independent, but Japan, Inc is still slow to improve broader governance even as Singapore, HK advance
GMI Ratings Governance Issue: JPMorgan Chase & Co. Gets an “F”
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 Report on Sustainablity Investing
Robeco has published its highly useful annual report on responsible/ sustainability investing.
Glass Lewis Analysis re Deutsche Bank, and Voting Recommendations – for May 31st AGM
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.
Cooking the Books: The Cost to the Economy
Having seena number of massive risk externalization events over the past few years – Lehman, AIG, BP oil spil, Tepco, Livedoor, Greece, possibly Olympus,etc.
What Companies Are Good For
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) –
A Look at Hong Kong’s Corporate Governance Code, Regarding “Director Training”
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.
Singapore Revises Code of Corporate Governance, Strengthening Rules Requiring Director Training
The Monetary Authority of Singapore (MAS) has released its conclusions on the draft revised Singapore Code of Corporate Governance, strengthening its rules regarding training of all directors, and requirementsforindependent directors.
The recommendations of the Singapore CG Council on the topic of director training, and MAS' response, are as follows:
C. Director Training