| BNY Mellon DR Submission to the SEC on the U.S. Proxy System |  |
The U.S. Securities and Exchange Commission ('SEC'), for the first time in nearly 30 years, is reviewing the practices and efficiency of the U.S. Proxy System. In advance of this review, the SEC issued a concept release seeking public comment from investors and market participants. BNY Mellon's Depositary Receipt Division expressed the views of the European Client Council, a working group of European ADR issuers, in this response to the concept release. For more information on the concept release, please see the SEC website at http://www.sec.gov/news/press/2010/2010-122.htm.
| 2012 Shareholder Meeting Handbook | |
The 2012 Shareholder Meeting Handbook provides clients with important information for their annual shareholder meetings. It contains information covering timing requirements, key participants, process overviews and value-added services that clients might utilize as well as contact details for the DR Division's specialized Governance and Proxy Group.
| 2010 Asian Voting Study | |
BNY Mellon is pleased to present a detailed study on the voting characteristics of holders of American Depositary Receipts (ADRs) at Asian companies' shareholder meetings in 2010. This study includes a sample of thirty-seven companies from seven Asian-based countries, listed on either the over-the-counter market (OTC), NYSE or NASDAQ markets.
| 2011 Latin America ADR Voting Study | |
BNY Mellon is pleased to present a detailed study on the voting characteristics of holders of Depositary Receipts (DRs) at Latin American companies' shareholder meetings in 2011. This study includes a sample of thirty-five companies from six countries, listed on either the over-the-counter market (OTC), or NASDAQ or NYSE exchanges.
| U.S. Supreme Court Decision in Morrison v National Australia Bank | |
The recently decided (June 2010) U.S Supreme Court case of Morrison v National Australia Bank decision has important implications for the filing of lawsuits in U.S. courts by non-U.S. investors against non-U.S. companies alleging violation(s) of the U.S. securities laws.
| 2010 Western Europe Voting Study | |
BNY Mellon is pleased to present a detailed study on the voting characteristics of holders of American Depositary Receipts (ADRs) at Western European companies' shareholder meetings in 2010. This study includes a sample of forty-two companies from several countries, listed on either the over-the-counter market (OTC), the NASDAQ and NYSE Markets.
| 2011 Russian Voting Study | |
BNY Mellon is pleased to present a detailed study on the voting characteristics of holders of American Depositary Receipts (ADRs) at Russian companies' shareholder meetings in 2011. This study includes a sample of thirty-seven companies from the Russian Federation, listed on either the over-the-counter market (OTC), Portal Market or European Market as the London Stock Exchange as Regulation-S for which BNY Mellon acts as depositary bank.
| Proxy Distributions for Non-US Issuers using Notice & Access | |
As a result of the amendments to the proxy rules ('U.S. Notice and Access') contained in The Securities and Exchange Act of 1934 ('Exchange Act') introduced by the U.S. Securities and Exchange Commission (SEC) earlier this year, U.S. companies may make proxy materials available to their shareholders electronically using a 'Notice and Access' model for proxy solicitation. The purpose of this information note is to provide our clients with information on Notice and Access and its implications for Depositary Receipt ('DR') issuers.
| BNY Mellon DR Submission to ISS 2010-2011 Policy Survey | |
Institutional Shareholder Services ('ISS'), a U.S. proxy advisory firm, conducts an annual survey with issuers and market participants to elicit feedback on their policies and practices. BNY Mellon processes over 450 shareholder meetings annually as the Depositary Bank for issuers with DR programs, and as such, has great exposure to ISS. The following document provides BNY Mellon Depositary Receipt Division's response to the ISS 2010-2011 Policy Survey.
| Clifford Chance - Indian Corporate Governance Brief | |
Edward Bradley and his team of the law firm Clifford Chance provides an update on Corporate Governance in India
