Today’s top links (July 7, 2006)

Money managers see leaner times ahead — survey
Most money management firms expect to earn more moderate returns over the next three years as they face fresh competition and difficult market conditions shaped by rising interest rates, a new survey shows.

Japan, S Korea Stock Exchanges To Ink Orders Deal -Kyodo
The Tokyo Stock Exchange and South Korea’s Korea Exchange, known as KRX, will sign a contract in stock broking in a bid to strengthen their competitive edge amid global exchange realignment, sources said Wednesday, Kyodo News reported.

Vonage Underwriter-Analysts Pee on Stock, Further Insulting IPO Buyers
Former top Internet analyst Henry Blodget says the old system of analysts providing research on their firms’ investment banking clients had drawbacks, but the new IPO process is far from perfect.

SEC too slow to act, says outgoing commissioner
U.S. securities regulators should speed up rulemaking, enforcement actions and other activities and ensure a more-efficient Securities and Exchange Commission, outgoing commissioner Cynthia Glassman said Thursday.

U.K. Regulators Revise Governance Bible
On June 27, U.K. regulators announced amendments to the Combined Code on Corporate Governance, a set of best practice requirements that govern all London Stock Exchange-listed companies. The code, dubbed Britain’s governance “bible,” was last revised in 2003.

Rivet’s XBRL Analysis Tool in Sync with AICPA’s Enhanced Biz Reporting Effort
Denver-based Rivet Software has taken another step forward as the accounting professions’ most prominent developer of eXtensible Business Reporting Language (XBRL) technologies and has further intertwined its business future with the American Institute of Certified Public Accountants (AICPA) by rolling out a business analysis software suite.

Power to the people
As socially responsible investment policies become increasingly mainstream, the influence and importance of non-governmental organisations (NGOs) is rising. Today, companies dismiss them at their peril. But the big question is whether a business-NGO partnership can really improve a company’s standing in the eyes of investors.

Assessing Job Creation as a Social Indicator Correlating to Financial Performance
A new study from Switzerland-based Pictet & Cie argues that job creation eclipses all other labor issues as a key indicator of corporate social responsibility, and measures its impact on returns.

Related posts:

1. SEC’s new guidance for websites and blogs posted
2. SEC adds free news feeds to EDGAR
3. Earnings releases — the Warren Buffett way
4. Canada’s good governance hypocrites
5. SEC outlines 2008 Web initiatives

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