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A shareholder has submitted a proposalto Mizuho Financial Group that would require it to discloseabout its policy(if it has any)and any actions taken to train its own board members.Mizuho's own translation follows:
Proposal 7: Partial amendment to the Articles of Incorporation (Concerning disclosure of policy and results of officer training)
22.26% of shareholders of Deutsche Bank viewed the situation from the same perspective as Hermes and VIP ( counter-motions ) and denied the Deutsche Bank Supervisory Board discharge, as a payback for its disorganized leadership. Among the supporters were (alongside many family offices around the globe and many retail shareholders in Germany) primarily:
（From the Brookings Institution's web site;to see the video, access the link below) – ” The individuals and organizations who own shares in corporations have changed radically over the past 50 years. Today the household sector holds few direct shares in corporate equities – and a significant majority of stocks are owned by institutional investors, including […]
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.