Deminor, a European shareholder consultancy, is collecting information to consider whether to bring any action on behalf of shareholders. The shareholders own it and they must fight for it. I can see that shareholders can get mad, but to put a...
Texan entrepreneur Sam Wyly has initiated a 'proxy solicitation' of CA's shareholders to vote out the current management team, which includes chairman Wang, CEO Russell Artzt and five other executive vice presidents.
Unfortunately shareholders were evidently spooked by the report, which led shares to fall as much as eight per cent on opening. Shares in accounting software firm Sage have fallen after speculation its profits have been propped up by unusual...
CAG is calling for closer scrutiny of Cedar's accounting practices, its relationship with Alchemy, any personal gains made by the company's directors and why shareholders weren't given the option of another rights issue earlier.
A proposal to claw back bonuses paid to executives under the cloud of an accounting scandal has been rejected by Computer Associates' shareholders. More than three-quarters (76 per cent) of voting shareholders decided to side with CA's management...
The introduction of OFRs (Operational and Financial Reviews) will have a profound effect on both external and internal transparency. Such improvement and advantage will not, however, be realised if the company at the highest level does not enthuse...