Proxinvest, the French partner of ECGS presents its new Governance rating!

The French partner of ECGS released today in Paris, its new product called Proxinvest Governance Metrics © which proposes to assess and attribute a governance rating to each company constituting the French CAC 40 Index. Within this new product, each company’s corporate governance rating is assessed on 42 common risk metrics over three main categories: shareholder democracy, board composition and level of independence and remuneration. This rating is based on Proxinvest Corporate Governance guidelines.

Legal & General shows its guns

ECGS received an interesting article from London by Mark Kleinman, City Editor of Sky News. Public companies which fail to explain the performance measures behind bonus targets for top executives will risk the biggest investor in London's stock market voting against their pay policies, it has warned.

Lessons from formally fair governance: Does Bollor?, the 5% shareholder, now rule the Board?

The Vivendi crisis launched by the public dissent of a 5% shareholder Vincent Bolloré confirms the limits of conglomerates and emphasizes the great interest of demergers. It also emphasizes that the split of functions between Chairman and CEO ought also to be real and not only cosmetic...as it finally weakens the Board at Vivendi.

ECGS has released its new response to the UK Stewardship Code Principles

Following the issuance of an amended Stewardship Code at the end of 2012, we have updated our compliance to the Code. 

Find out about how ECGS responds to the principles and how we strive to help investors to meet their Stewardship engagements ! 

Ryanair still a bad pupil in terms of governance and transparency!

Ryanair 2013 AGM will take place in Dublin on Saturday 21st of September. At this occasion, in its latest report on the company available on request, ECGS highlighted the fact that the Irish registered company is still one of the worst pupil for a company listed on the London Stock Exchange in terms of reporting and corporate governance standards.

Renault Tycoon Carlos Ghosn fires for the second time its COO

The departure of Carlos Tavares, who was deputy CEO at Renault under Chairman & CEO Carlos Ghosn, the “Vladimir Putin” of Renault, confirms »

LVMH will not appeal against its conviction by the AMF: a good point for the French regulator.

LVMH renouncing to appeal against the very complex and courageous decision of the Disciplinary Commission of the AMF is very positive news: it consolidates the case law on compliance with shareholding disclosure thresholds and information on significant economic positions held on listed companies.

Activist Fund TCI (The Children Investment Fund) challenges EADS!

 

The activist Children Investment Fund, already famous for its historical assumption of position over the 2012 aborted merger of NYSE Euronext and Deutsche Börse, just requested publicly EADS to sell its 46% stake in the French aerospace Dassault Aviation.

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