Contents

Owner? Lender?

Rating agencies

Charlie McCreevy speaks of ‘the rot at the heart of the structured finance rating process’ and calls for mandatory, well targeted and robust internal governance reforms.

Canada, foreign SOEs and executive pay disclosures

Combined Code Update

Pirc seeks reform for shareholders

Mixed results for Australian corporate governance

Dutch corporate governance reforms

Seeking the common purpose

Peter Butler reflects on the current state of director and shareholder dialogue in various regions of the world and outlines an ICGN initiative to get these discussions on to the same page.

Pour encourager les autres

Paul Lee looks at some recent UK investor activism campaigns and asks if they have been more concerned with not setting precedents in general rather than with issues at the individual companies concerned.

Enhanced employee engagement

Fiona Banyard, Jane Fiona Cumming and Neela Bettridge share the results of a global study looking at how employee engagement can improve corporate performance.