Proxinvest targets Total

Proxinvest, member of the European Corporate Governance Service (ECGS), recommends shareholders to oppose the re-election of Daniel Bouton as non-executive director to the board of Total at the AGM to be held on 15 May 2009. They have concerns over recent crossdirectorships, length of tenure, attendance rate at board meetings as well as Mr Bouton’s contradictory compliance with the recommendations issued by AFEP-Medef (“Promoting Better Corporate Governance In Listed Companies”) which is the outcome of a working group chaired by Mr Bouton in 2002.

Ethos wins ICGN award

The Ethos Foundation, a member of the European Corporate Governance Service, is the 2009 recipient of the International Corporate Governance Network (ICGN) Award. The award is considered the highest distinction in the field of corporate governance and is given annually for exceptional achievement in that connection. For the Awards Committee, Ethos has helped bring about significant improvements in corporate governance and has had a major positive impact in its region.

UK study backs US Say on Pay

The US should introduce a shareholder advisory vote on executive compensation, as experience in the UK has demonstrated that it has been an effective tool for investor engagement, according to a new study published by PIRC and Railpen.

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