Editor, Author at Minerva-Manifest

Shell climate change resolution defeated

Shareholders back management on climate change

Shareholders in oil giant Shell overwhelmingly gave their backing to management and its approach to planning for a transition to a low carbon economy at its AGM this week (23rd May). The voting results…

Tesco renewable electricity target by 2030

Tesco, the UK’s largest retailer by sales, to commit the company to use 100% renewable electricity by 2030, which the responsible investment pressure group, ShareAction, said was partly due to the influence of investors.

Tesco has become one of

Shell faces shareholder resolution for greenhouse gas targets

Oil giant Shell is facing a shareholder resolution at its AGM next week (23rd May) calling for it to set and publish targets for reduction of its greenhouse gas emissions (GHG) that are aligned with the Paris Climate Agreement goal …

CtW urges shareholders a vote against Catepillar’s directors

CtW Investment Group, the US corporate governance adviser to trade union pension funds (Taft Hartley funds), has suggested that investors should vote against the re-election of three of Caterpillar’s directors and in favour of a shareholder resolution proposing that …

US institutional investors campaign against Financial CHOICE Act

The US Council Institutional Investors (CII) and individual institutional investors have voiced their continued opposition to the Financial CHOICE Act, which has been proposed and passed by the House of Representatives’ Financial Services Committee.

The CII and over …

UK General Election: Theresa May pledges boost in workers rights

The UK’s general election campaign highlighted workers rights and representation as well as executive pay.

With the main parties launching their manifestos this week the Conservative Party reiterated its commitment, that appeared in the government’s corporate governance green paper…

Accor: Double voting rights dissapointment

Minority shareholders in Accor, were disappointed when their resolution was not passed at its AGM (5th May) meaning double voting rights continue for large investors in the hotel chain.

French social investment firm, Phitrust Partners, advised by corporate

Hermes calls for vote against VW boards and pay policy

In the lead up to the AGM of the carmaker, Volkswagen (VW), last week (10th May) activist investor Hermes EOS recommended a vote against re-electing members of the management and supervisory boards and the revised remuneration policy.

Hermes …

NZX’s revised Corporate Governance Code Published

The NZX’s revised corporate governance code (the NZX Code) and its supporting rule amendments have been published. The New Zealand Stock Exchange (NZX) which administers the code said this was the first substantial update since 2003 and represented a significant …

UK Pre-Emption Group reviews Statement of Principles implementation

The Pre-Emption Group has published a monitoring report looking at implementation of the 2015 Statement of Principles and the template resolutions. The principles relate to the when considering the case for disapplying pre-emption rights

Over the course of the year,