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After extensive consultation with global investors, the ICGN releases two new best practice guidelines: ICGN Guidance on Political Lobbying and Donations and Model Contract Terms Between Asset Owners and Managers. Said Christianna Wood, Chairman of the ICGN Board of Governors: …
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THE CONSOLIDATION OF WEALTH & POWER In the 1500s and early 1600s, exchange banks were formed in the Netherlands and in other parts of Italy to deal with currency exchange based on expanding trade. Privately owned financial institutions developed simultaneously …
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The SEC granted Textron (TXT) no-action relief on March 7, allowing them to drop Ken Steiner’s proxy access proposal based on their decision that paragraphs 1-5 and 7 of the USPX proxy access template deal with “the inclusion of shareholder …
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THE STIGMA OF USURY Consider the concept of money lending, perhaps the greatest engine for growth ever conceived. As far back as the ancient Sumerians and Greeks, the borrowing of goods in exchange for a return enhanced by a premium …
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The Activist Investor – Why Companies Oppose Proxy Access discusses three possibilities: Directors and executives automatically oppose investors. The subject or the investor doesn’t matter. Anything investors want must be bad. Directors and executives are quite risk averse. Maybe there’s a …
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A SELECTIVE HISTORY OF OUR RELATIONSHIP WITH MONEY To truly understand the symbiotic connection between money and the mind, it is essential to know from whence it came and how it developed as an integral component of the human experience. …
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Francis H. Byrd asked several of us in the corporate governance industrial complex to make predictions for the 2012 proxy season and beyond. I urge you to read the Laurel Hill Advisory Group’s pdf, Predictions and Expectations for 2012. Just …
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KNOWLEDGE OF MONEY IS POWER Addressing an intellectual and/or historical vacuum is good business. You are part of something bigger, so you need to develop a knowledge base of money history and economic theory, as well as awareness of the …
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As Laura Berry mentioned at the conference, this is an event to recharge your batteries. It is great to learn what others are doing. Of course, the list of things I need to do grows exponentially every time I attend …
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Consider the following statement: “The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn’t want to go …
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