An external shareholders' proposal wave coming from Scandinavia!

As the proxy season started, Scandinavian companies are the first to convene their general meetings. In assessing external shareholders’ resolutions at several Scandinavian general meetings which will be held soon, we found out that a minority shareholder, Mr. Kjeld Beyer which shareholdings are undisclosed, is to propose a wave of external proposals at several Danish General Meetings this year.

ECGS launches ECGS online shop ! Get any individual report on companies belonging to MSCI Europe Index and FTSE 300 at shop.ecgs.com

Shop.ecgs.com an easy and secured online payment

On shop.ecgs.com, more than 450 reports on European companies’ general meetings are now easily accessible for individual order through a secured payment system. Payment can be made by credit card or by direct debit using PayPal account with an automatic sending of the report to the user e-mail address.

ECGS Conference held in London on Monday 24 February

On Monday 24th of February, ECGS partners and investors were gathered in London (Haymarket House, 28 Haymarket) to publicly present the new partnership between ECGS and the UK proxy voting agency Manifest (MIS) for the 2014 proxy season.

A healthy wind from the British Islands - ECGS responded to the Consultation launched by the UK Financial Conduct Authority: Enhancing the effectiveness of the Listing Regime

A healthy wind from the British islands

In an impressive move the Financial Conduct Authority (FCA) has strengthened its listing rules to protect minority shareholders. The new rules will give shareholders in premium listed companies additional voting rights and greater influence over key decisions.

Vodafone to acquire Kabel Deutschland: German shareholders might go to court to increase compensation - an uncommon long German tradition explained by our German Partner (DSW)

Vodafone and Kabel Deutschland intend to enter into a domination and profit and loss transfer agreement under German law. After having acquired a majority stake in Kabel Deutschland last year, Vodafone now intends to secure full powers and responsibilities by asking for Kabel Deutschland shareholders approval of this agreement.

The Bank of Italy contested the severance paid to the former CEO of UniCredit ? in 2012 ECGS asked the company to reclaim the extra-payment !

It is never too late to gain legitimacy and ECGS is glad to see that efforts made for better governance at the top of Italian companies are not made in vain.

By Sergio Carbonara, 

On January 11th, the Italian newspaper il Fatto Quotidiano published the report drafted on April 2013 by an independent advisor, Prof. Stefano Loconte, hired by the Rome prosecutor’s office to verify the legality of the indemnity leave paid to the former UniCredit’s CEO, Mr. Alessandro Profumo. The document confirms all concerns formulated by Frontis Governance and ECGS two years ago.

European Corporate Governance Research appoints Manifest as UK Governance Research & Analytics Partner

European Corporate Governance Research & Engagement Specialists, ECGS, Appoints Manifest as UK Governance Research & Analytics Partner.

PRESS RELEASE

ECGS, the specialist pan-European governance and engagement firm has appointed Manifest information services Ltd (Manifest) to provide ECGS with customised research and vote guidance on UK and Ireland listed companies.

 

Vodafone-Verizon Wireless spin-off: why ECGS recommends to vote NO at EGM called on January 28th, 2014

On Monday September 2, 2013, Verizon Communications agreed to pay USD 130 billion to buy Vodafone Group out of its U.S Wireless business. This agreement signed the History's third largest corporate deal announcement and might bring an end to a 14-years collaboration between the two telecommunication giants. While Vodafone shareholders will be gathered on January 28th, 2014 to approve the disposal of Vodafone activities in the U.S market, ECGS raised some concerns regarding the deal and recommends investors to oppose the resolution.

ECGS's rationales are described within the official Press release below:

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