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.

ELAN Corporation?s CEO to leave with a USD 49 million golden parachute!

Having hit the headlines in June 2013 with a controversial rejected tender offer from ROYALTY PHARMA, ELAN’s Corporation is back on the financial front page. This time, a quite typical feature of pharmaceuticals group, ECGS points to a strong case of greed and shareholders neglect.

Essilor AGM : ECGS and Proxinvest call for a rotation of the audit firms

Most of the investors do not really look carefully at proposals requiring to renew auditors : during the 2012 proxy season in France, this type of proposal was approved by 98.8% of the voting rights. However some responsible investors start to do their best efforts to address the problem of auditors' independence and a coalition of investors led by USS was launched with the support of ECGS and Proxinvest.

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