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Inside this issue

• Beijing is still jealously guarding the levers of power

• Laws do exist but enforcement is patchy in Russia

• The UK worries about a one-size-fits-all approach to regulation - -

Content

Responsibility debate comes to the fore

After the financial crisis, the relationship between companies and their investors is under growing scrutiny, reports Miles Johnson

Brazil: Market incentives shrink grey economy

Vincent Bevins explains how listing rules have encouraged transparency

US: Pay and benefits are still activists’ biggest beef

Financial legislation is likely to encourage more investors to try to bend companies to their will, says Justin Baer

Remuneration: Banks look for new ways to reward their stars

Senior figures insist they are sensitive to the post-crisis climate, says Megan Murphy

China: Party shows penchant for cosmetic reform

Jamil Anderlini finds Beijing still jealously guarding the levers of power

Russia: Laws do exist but enforcement is patchy

Charles Clover says shareholders can pursue bad managers but few trust the country’s legal system

Sovereign funds: Silent giants start to show more interest

The crisis showed the importance of engaged investors, says Miles Johnson

UK: Stewardship code aims to encourage collaboration

Seven principles call on institutional investors to disclose how they will enact corporate change. Miles Johnson reports

Accounting rules: Impetus fades on project to amalgamate standards

There is still hope the US will adopt international norms, says Adam Jones

Diversity: Too few women in executive suites

Sarah O’Connor says the crisis has set back efforts to increase female representation

Europe: EU paper raises doubts over shareholder model