The article comments about how Brazilian shareholders are starting to become activists after discovering the importance and the scope of their role as agents of governance. The article highlights John Wilcox’s comments about increasing activism in the next AGM 2012 season which has become targeted “value activism” through which shareholders would like to discuss companies’ business strategy displacing the traditional governance type and how companies may predict activists’ vulnerabilities.
Category Archives: In the media
OPAP Chairman interview – Capital.gr
A few days after the EGM of OPAP S.A, which essentially confirmed the implementation of the largest investment program in the history of the company, Chairman and CEO of OPAP, Ioannis Spanoudakis reveals the efforts the company went through to ensure all shareholders were informed: “We did not leave any decision to chance. The reason for this is because there are many cases in the past where shareholders resisted due to lack of information. What did we do? In addition to our own initiatives, we hired Sodali as proxy manager, who in turn contacted respective contacts and companies representing the majority of our institutional investors. This move proved highly effective in combination with the additional information provided by the Board and the Investor Relations department, particularly with the two largest shareholders – we made sure we pass the message went through.”
In Assemblea Qualcosa è Cambiato – Top Legal
The article comments the change in participation due to introduction of Record Date in Italy. Alvise Recchi explains that the change is purely technical, but due to the significatly higher participation ratios at shareholder meetings, now issues are much more accountable.
Os bastidores da Assembleia – Valor Investe
The article highlights the results of the AGM 2011 season and the increased participation of shareholders. The PDG Realty case is mentioned, where the remuneration proposal submitted by the company at the AGM, was rejected by investors, also as a result of the negative voting recomendations issued by ISS, the Proxy Advisor.
Assemblee, la riforma UE funziona più fondi in assemblea e nei CDA – La Repubblica
The article comments on the substantial increase of foreign investor participation at Italian General Meetings, as a result of the introduction of the record date system. Andrea Di Segni provides evidence of increased participations in various European countries and explains the long-term impact that the increased weight of foreign shareholder participation will have on the preparation of the General Meetings, especially for those companies with a dispersed shareowner base.
Athens Stock Exchange New Range of services for Issuers in collaboration with Sodali
The press release announces to the public the collaboration between Athens Stock Exchange and Sodali to offer Greek listed companies a new range of services that will promote good corporate governance and contribute to the strengthening of the credibility and transparency of the Greek Market.
Forget companies as you know them – Kefalaio
Assembleias mobilizam acionistas – Valor
RI com governança – Capital Abierto
Launch of the 2011 IR Global Rankings – IR Global Rankings
Chairman's Letter / Read more