A certified "public interest" nonprofit
Make a new forum entry
| Next Boot Camp is October 10th! Sign Up Now! |
Matt Orsagh of the CFA Institute has put together anexcellent roundup of recent reforms, innovations and new rules related to corporate governance. We think some of the innovation coming out of Turkey is most interesting. (Apropos of nothing, – Turkey, by the way, has a relatively high percentage of female directors compared to all nations in Europe.)
The well-read newsletter GlobalProxyWatch, The Newsletter of International Corporate Governance and Shareowner Value, reported on the recent event on diversity in the board room that was held by the Canadian Chamber, organized by BDTI, and well-supported by others including the ACCJ and participation by McKinsey:
In the spring of 2012, The Conference Board and the Rock Center for Corporate Governance at Stanford University conducted a survey of executives and board members to gain insight into how senior-level decision makers in North American companies view social media, and the extent to which they incorporate it into their corporate strategy and risk management practices.
The following entry appeared as part of Governance Metrics 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.
Based on a representative survey, Nomura's Kengo Nishimura has summarized the results of proxy voting in the 2012 AGM season, in the report which can be downloaded below. His major conclusions, and some of the more salient data results:
Summary:Singapore, Hong Kong, Korea and India makesignificant reference to director training, and specify requirements or guidelines with respect to it.This is in keeping with the OECD's Priorities for Asia that were agreed last November. Most other jurisdictions also make some sort of reference to training. Japan does nothing it all; it does not even have a Corporate Governance Code or listing requirements on the topic.
Japan – Nothing at allto report.
CCCJ has put together a nice little video and summaryon our event, – which they so kindly sponsored ! We thank them.
http://www.cccj.or.jp/en/news/event-report/gender-diversity-seminar
Deutsche Bank's replete newstudy ofmore than 100research papers and otheranalysisshowed that ESG factors are correlated with superior returns.
Deutsche Bank – Sustainable Investing- 2012- later, click at lower right to download:
http://bdti.mastertree.jp/f/pno78jbd
[Report: Reform Priorities in Asia: Taking Corporate Governance to a Higher Level] – This report defines corporate governance reform priorities and makes recommendations that reflect the specific conditions and needs within Asia. Agreed by consensus, the report updates the Roundtable’s 2003 White Paper and includes an overview of corporate governance frameworks in 13 Asian economies.
The OECD-Asian Roundtable on Corporate Governance was held in Tokyo, Japan on 24-25 October 2012. The meetingwas generously hosted by the Financial Services Agency and the Tokyo Stock Exchange, in partnership with the Government of Japan. Senior policy-makers and market practitionersdiscussed progress and challenges in order to support national corporate governance reforms through an open exchange about country experiences.