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In the press and popular blogs, there appeared several goodsummaries ofthe bizarre situation now surrounding proxy access after the The United States Court of Appeals for the District of Columbia Circuit took a chainsaw to the SEC's new proxy access rule. At present, it is entirely unclear whether the SEC will appeal the harsh ruling (asI think itshould), or whether it will give up temporarily or forever.
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.
John Wocher, Executive Vice President of the famous Kameda Medical Center in Chiba, has shared with us his article that appeared in Japan Hospitals recently. It can be downloaded (press download asset at lower right) on the Data Library:
http://bdti.mastertree.jp/f/n10cb3sa
John's introduction of what he subsequently explains in detail:
(By Norman Marks)
Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences is a book by David Larcker and Brian Tayan. I found this excerpt interesting and worthy of discussion. The first issue I have is with their definition of corporate governance. I find it too defensive:
We liked Deloitte's Risk Intelligence Prism before, but this new rendition of it makes it even more easy-to- understand and user-friendly. You can turn and manipulate it in orderto explore risk from various angles:
This is a good technique. It sets a good base for discussion in any company.
Deloitte has published a useful report on how to identifies ways to promote sustainability as part of corporate strategy:
Introduction:
In an opinion issuedon July 22in the challenge brought by the Business Roundtable and U.S. Chamber of Commerce to the SEC’s adoption of proxy access, the U.S. Court of Appeals for the D.C. Circuit vacated the entire proxy access regime as an “arbitrary and capricious” exercise of the SEC’s authority.
BDTI has teamed up with UCLA Anderson Executive Education andprofessional firmsto provide world-class director training programs in Japan. For more details, click here to downloadPress Release, or read the full text below.
For Immediate Release
CFA Institute has published the report, Asia-Pacific REITs: Building Trust through Better REIT Governance. This report provides eight recommendations for existing REIT structures in order to improve current governance practices and standards, with the ultimate goal of improvingunitholder protection.
This report is available at CFA's web site, http://www.cfaj.org/publications/Asia-Pacific%20REITs(E)ccb.v2011.n4.1.pdf
Recently the UK law firm of Allen & Overy released its EU Corporate Governance Report, whichpresents theilluminatingresults of a survey of EU respondents' opinions on various corporate governance topics.
The document is available in BDTI's data library at: http://bdti.mastertree.jp/f/2fdsr6ay.
Here are some excerpts:
Foreward
