Investor views on corporate treasury activities: UK
Article Abstract:
Much attention has been given to the management of treasury departments of UK corporations due to continued swap losses and the problems at Allied Lyons PLC. Management issues raised concerned the hedging of foreign currency risk exposure, the disclosure and discussion of treasury policy with stockholders and the management of treasury departments as profit centers. Touche Ross and Co conducted a survey of stockholders' opinions on these matters. Most respondents replied that foreign currency exposure should not be hedged, policies on treasury activities should be disclosed and treasury departments should be managed as cost centers.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1992
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A very cheery consensus - the thoughts of Buffett, Graham and Keynes
Article Abstract:
Economists Warren Buffett, Benjamin Graham and John Keynes showed differing perspectives on the current state of yields and equity market of the US. For Buffett, the rise in US equity market and the corresponding decline in yields only show the strength of the US economy. It also implies investors' continued optimism with regards to future earnings growth. For Graham and Keynes, the US equity market continues to be influenced by speculative forces.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1998
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Corporate governance - an international comparison
Article Abstract:
Corporate governance in the US, UK, Germany and Japan are analyzed. It is argued that hostile takeovers are common in the US and UK compared to Germany and Japan due to the large proportion of listed firms in these countries. It is also shown that problems result from interactions between shareholders, directors and managers in the US-UK corporate structure while conflicts are avoided under the German and Japanese structure.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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