‘Enforcement 40’ for 2020
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When Flemish shareholders of Fortis revolted at a heated meeting in Ghent, Belgium last month by throwing shoes, coins and even ballot boxes at Fortis board members, we were willing to dismiss it as an isolated incident. After today’s egg-throwing developments in Dublin, Ireland, however, we think it is time to declare a new, full-blown Eurotrend: shareholders venting their fury at corporations by throwing things at board members.
New Zealand: Shareholder Association Chairman Loses it With “Dumb Wit” and “Idiot” Hanover Finance Investors
Apparently diplomacy is not a key part of the job description for Chairman of the New Zealand Shareholders Association. Upset that investors in NZ’s Hanover Finance approved a company moratorium that will return just 55 per cent of the net present value of their investment (by giving up on $200 million in interest payments and […]
“Shareholder Communications Coalition” Rolls Out New Website
The Shareholder Communications Coalition announced yesterday the creation of a new website, http://www.shareholdercoalition.com, as a part of mission to “inform the general public and Washington policymakers about significant challenges in the current system used by investors to vote their shares in corporate elections.” The Coalition is made up of five associations: Business Roundtable, National Association […]