at today's agm, he says the clu b years. at today's agm, he says the club need a strategy and the ad hoc investment needs to stop. part of that could be a new issue in january. suggestions of a new overseas investment coming into this. the rangers fans see him as a hero, saving the club from a board they hated but now dave king has gone. 0r, he's going. who comes in next? let's take a quick look at some other stories making the news. everton manager marco silva took training as normal this morning and now looks set to be in charge for sunday's premier league visit to leicester city. silva is fighting for his job after defeat to norwich city left them 16th in the premier league table. new zealand captain kane williamson plans to apologise in person tojofra archer for the "horrific" racist abuse the england bowler received from a fan during the first test on monday. williamson says the incident is "against everything that we as kiwis are about". the 0val will host the opening game of the hundred — english cricket's new compe

and against the reelection of two caskey company directors as well as the atrium on december -- the agm on december 12. it comes the day after the ceo step down in the chairmen said he was going to bring forward his retirement from the board as well. that process carried out hopingay was essentially to stave off investor fury. that may not be the case with this recommendation coming down. shery: how much weight does this have? >> iss is fairly influential in australia. globally they have 2000 institutional clients. when it comes to westpac, i have been told it covers roughly 50% of their shareholder base. we do have to put a caveat on this. it is just a recommendation from a proxy firm. funds themselves, especially the they will be, looking at what westpac is doing and also advice from other funds to make their own recommendations when it comes to the agm in a couple weeks and how they are going to vote for that. we know another influential phone in australia, they want to see more for renewal. they are suggesting -- they are looking out for renewal next year. we don't know their recomm

paul: westpac has agm coming up on december 12 prior to this resignation that was shaping up to be a fairly of the events. what are we expecting now? emily: this resignation today and the statement from the chairman that he will step down will have taken a lot of the heat out of the immediate anger, so i think the agm is no longer going to be as pivotal as we were expecting, even a few hours ago. i think what we still need to have a look at is just how it goes. the rest of the renumeration reports. has the bank done enough to convince them it can get on with the job of rebuilding the bank? you,: emily cadman, thank our finance reported in sydney. we have another right now. a story that we are following. the tokyo stock exchange issuing an alert regarding unclear information for hitachi chemical. we heard that they were mulling a state purchasing the company, which is leading to hitachi chemical rising 16%. at the same time, they were losing 5%. it is considering acquiring stake while's considering various options. nothing has been decided on hitachi chemical at this time. the tsc com

going to approach certain program growth and that sort of thing, as well as peer review of all the agm's operating budget submittals. the meetings have been long and interesting as we worked through all the details but i have to say they've been very fruitful. as noted at the very end of this section, the ten-year financial plan will serve as an affordability check on all of this. we will of course look at what we can afford in terms of rates that have already been established to make sure whatever we bring to you in january is fundable and balanced. the last part is getting to the point i was raising earlier in terms of the emerging themes. we've seen a number of emerging themes, and we'll work to make this clearer as we present these details to you, but recruitment is a big issue. we want to make sure we have sufficient staffing within our nhrs shop. you'll see requests for resources to help our recruitment team. the temporary to permanent conversions, that is a theme throughout the agency. we have a number of temporary positions that a.g.m.s would like to convert to permanent. we are

you are starting to see is some of the behaviors you would want to see with regards to clustering of agm, higher dividend payouts, those types of things, which could eventually return onthe japanese equity starts to trend at level more comparable to the u.s. and europe. when we have added to equity wek, we have done so where have not actually singled out anybody from the region. that is our preference at the moment. in the developed segment, rather than singling out this particular region. nejra: looking ahead to 2020, i understand you think a moderate bounce is in the offing. you are reasonably sanguine about global growth. does the u.s. or maybe even developed markets in the basket outperform emerging markets? or do we see emerging markets -- just more of a synchronized growth outlook? william: i think that is the thing we are watching for. so far, you have seen a very tentative turnaround or maybe even just em finding a floor, but you need a bit more than that to start getting more excited about em potential to outperform. at the moment, we have a bit more conviction, but make no mist

it is just that perhaps the things that happened in agm have got people worried, so i am afraid there is nothing wrong with the inception. it is the implementation that worries us. yvonne: right. how can they get this right? there are risks when it comes to activist investors that look at this market so closely. how can japan get this right without avoiding capital flight? nicholas: i don't think we will get capital flight. what it means is that you have to file when you have 1% or about to get 1% in certain stocks. we don't have the list yet. we will probably get it by around february time. bought a convertible bond, you can bump through 1% it has realizing it, so increased administration and compliance costs. but it is not a dealbreaker. it's just a frustration that does not make it any easier. the activists i talked to say they are not to worry about it. we did not want to put our people on company boards anyway. we are much more interested in putting independent directors on board, which is still an important issue in japan. you have done a lot of research on how close japan is to