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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
[Posted by request of Hans-Martin Buhlmann, CEO of VIP]
Our firm VIP, a German shareholder advisory group, filed a shareholder counterproposal regarding agenda item 4 of the Deutsche Bank annual general meeting on 31st May: [Against] Approval of the discharge of the supervisory board.
CalPERS is proud to announce the release of our first report on our Environmental, Social and Governance (ESG) work. The report explains the fiduciary framework we have adopted to integrate sustainability across the total fund, illustrates achievements from the last few years, and outlines our vision for the future.
As we continue to monitor developments in the unfolding 2012 proxy season, here are some key themes that have emerged thus far:
[ Press Release ] San Francisco, Calif. (April 12, 2012) – Glass, Lewis & Co., the leading independent governance services firm, today announced the release of its new, free Issuer Engagement Portal, which will enhance communication and understanding among issuers, investors and Glass Lewis.
[ BDTI is seeking to collect any and all public comments recently submitted to TSE per is public comment process. We have recently received this one from Steven Towns of Active Investing. Please feel free to send your comment to BDTI at info@bdti.or.jp. ]
Sent: Thursday, March 29, 2012 12:36 PM
To: jojo-kikaku@tse.or.jp
Cc: steven.towns
Subject: Public Comment (Restoring confidence in the securities mkt)
Dear Tokyo Stock Exchange Listing Department:
GlobalProxyWatch's recent Newsletter summarized Michael Woodford'sriveting speech at the spring meeting of the Council of Institutional Investors, including his advice to the TSE to promulgate rules requiring issuers to provide executive directors with comprehensive training “to better acquaint them with their legal duties and liabilities.”
Below is an excerpt. You can sign up for Global ProxyWatch's popular Newsletter here: http://www.proxywatch.com/
The followingentry 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.
April 03, 2012
Event Date : May 28th, at 4:00 – 6:00 pm (Arranged in collaboration with the Canadian Chamber of Commerce in Japan, the ACCJ, and TMI Associates.)
Fiscal year 2011 seems to have been the year of corporate scandals and governance mishaps in Japan. As a result, policymakers have voiced serious concern about the need to improve corporate governance because foreign money is deserting the market.
ABSTRACT: Over the past ten years there has been much discussion about whether corporate governance in Japan has improved and, if so, whether this has translated into improved corporate performance.
We investigate whether observed changes in Japanese firms’ cash holdings and payout policy are consistent with improved governance practices.
To do this, we benchmark Japanese firms against U.S. firms. We find mixed evidence on whether Japanese governance has improved