Company directors have been put on notice to disclose more financial data, pay chief executive officers in ways that reward only strong performance, and have more accountable boards with no links to management.
Directors have also been warned to fix up the procedures where shareholders are given a vote and say in the way companies are run.
The Institutional Shareholder Services report, which covered interviews with 322 institutional investors representing $10.5 trillion in assets across 19 countries, including Australia, identified corporate governance emerging as a global force, with the spread of governance standards such as the US Sarbanes-Oxley Act, pan-European rules, and what is widely regarded as best practice.
See full Article.
Posts
