Shareholders in the United States may soon have the power to nominate
directors to boards.
A new Securities and Exchange Commission proposal to empower shareholders
will be voted on by public companies. A debate on whether federal proxy rules
should block shareholders’ right to nominate directors has raged for seven
Shareholders are allowed to nominate various candidates at the annual general
meeting of most companies, but these are usually overshadowed by proxy votes
cast ahead of the meeting.
The SEC proposes amendments to the rules that would allow shareholders to
nominate directors ahead of the proxy vote.
The issue is timely, as economic conditions are starting to question the
behaviour and performance of boards of directors.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season