There are 6 items today… Ethical investing gains momentum in Europe | Nasdaq in exploratory bid talks with OMX -sources | Alternatives assets accelerate | House Panel and U.S. Attorney Join H.P. Inquiry | Coverage of H-P ‘pretexting’ scandal misses point | Revenge of the shareholders: Korean firms on the spot
Ethical investing gains momentum in Europe
The money management style known as socially responsible investing (SRI) has grown to account for up to 15 percent of all European assets under management, research and advocacy group Eurosif said in a report.
Nasdaq in exploratory bid talks with OMX -sources
The talks are at a very early stage and Nasdaq, which may yet pursue an acquisition of the London Stock Exchange, is unlikely to conclude a deal with the Nordic company before making a decision on the LSE situation, the sources said.
Alternatives assets accelerate
Global alternative assets managed by leading fund managers grew to US$1.26 trillion during 2005, up around a fifth from the previous year, according to research by Watson Wyatt.
House Panel and U.S. Attorney Join H.P. Inquiry
As its directors continued to confer on the future of its chairwoman, Hewlett-Packard found itself under increased legal and political scrutiny Monday over the use of private investigators to trace the source of news leaks in the board.
Coverage of H-P ‘pretexting’ scandal misses point
The most fundamental requirement for board effectiveness is trust, the ability to communicate in an atmosphere of candor and confidentiality. When a director chooses to leak proprietary information about strategic deliberations, including possible acquisitions, it damages the company’s ability to plan and compete and destroys the ability of the board to function in any capacity.
Revenge of the shareholders: Korean firms on the spot
The investors’ group, Korea Corporate Governance Fund, appears to be riding the coattails of other corporate activists like Carl Icahn and the Dubai-based Sovereign Asset Management – foreign investors who barged their way into some of South Korea’s largest corporate icons demanding greater accountability to shareholders, but ultimately conducting what many saw as an unfair raids on the companies.
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