Pension groups attempt to sway the SEC on the subject of “proxy access”, by which shareholders can influence the nomination of directors. And more on that, citing the U.S. as a “corporate governance laggard” in comparison to Europe. A consideration of Sarbanes-Oxley in both New York and London. SEC penalties the lowest in five years, representing a shift in how shareholders and corporations respectively are regarded as accountable for financial transgressions. Questions raised about poor corporate governance in the fall of UK Bank Northern Rock. From Sri Lanka, on the effects of whistle-blowing. A Towers Perrin report on director compensation identifies four key trends: that specialized board roles are paid more, the granting of shares to directors is becoming more common than options, stock ownership guidelines are becoming more prevalent, and that new disclosure is affecting how directors are paid.
