Unhappiness runs deep when shareholders withhold votes: study
Reuters, 15 August
Shareholders who “withhold” their vote for a corporate board member are more dissatisfied than it may initially seem. A study, conducted by GMI Ratings and commissioned by the Investor Responsibility Research Center Institute, concluded that a higher than average level of withheld votes in a board election shows that shareholders may be dissatisfied not only with the nomination of an individual director but with the board as a whole.
Best, worst practices nudge Chinese firms toward sustainability
Eco-Business.com, 15 August
A review of China’s Hang Seng corporate sustainability indices showed slow but steady improvements in overall corporate social responsibility over the past year, say research experts.
Sir David has chance to make his mark with corporate governance
The Daily Telegraph, 10 August
Sir David Walker’s appointment as the chairman of Barclays was given a muted welcome today by the stock market.
FTSE 350 use same auditor for an average of 11.3 years
Accountancy Age, 8 August
FTSE 350 audit business is rarely going out to tender, despite evidence that companies that switch auditors have achieved cheaper and better-quality audits.
Church of England sells News Corp shares in phone-hacking protest
The Guardian, 7 August
The Church of England has sold all of its shares in News Corporation because it fears Rupert Murdoch’s media empire has failed to learn lessons from the phone-hacking scandal.