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C1 Business Digest C1 EDITORIAL A28-29 Editorials: Keeping the public clueless; failed governance, failing oceans; relief from high drug costs; a note to our readers.
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Irish governance failings are many, but the institutions of state function, particularly when faced with a clear challenge.
And a cosmic recognition of corporate accountability is no substitute for awareness of the brutal governance failings that led to the Sarbanes-Oxley legislation.
Leading up to the meeting, Sports Direct had faced heavy criticism from the City and trade unions over corporate governance failings and the treatment of its workers.
The long list of corporate governance failings at Sports Direct is a contributing factor in its fall from the FTSE 100 in our view".
Essendon acknowledged the charges, saying they reflected "the governance failings of the club at that time, which the club has accepted responsibility".
"Governance failings are clearly resulting in declines in operating performance and long-term shareholder value," said the Investor Forum, deploring the lack of progress.
Ashley Hamilton Claxton, RLAM's corporate governance chief, said: "We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed".
Despite his many governance failings, Mr Eisner seems more secure at Disney than he has been for a long time at least until Disney's performance begins to falter again.
L&G's move comes after the Investor Forum, a shareholder group with combined assets of £14.5tn, ratcheted up pressure on Sports Direct by publicly criticising the retailer's corporate governance failings.
This suggests Mr Ashley was turning a blind eye to conditions at Sports Direct in the interests of maximising profits, or that there are serious corporate governance failings which left him out of the loop in spite of all the evidence".
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