Success for Tesla shareholder as judge voids Elon Musk’s $56 billion pay package
February 1st, 2024
A judge has ruled in favour of a small Tesla shareholder, voiding Elon Musk’s $56 billion pay package and calling it “unfair” to shareholders.…
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Friends of the Earth files lawsuit against ING
January 31st, 2024
The Netherlands arm of Friends of the Earth, Milieudefensie, has filed a climate lawsuit against financial services group ING, calling on it to halve its carbon emissions.
The lawsuit …
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FRC revises corporate governance code
January 26th, 2024
The Financial Reporting Council (FRC) has announced revisions to the UK Corporate Governance Code that enhance transparency and accountability, primarily through an update to how boards approach internal controls.
The FRC said …
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US Republicans file lawsuit over ERISA ESG rule
January 26th, 2024
A group of 26 US Republican attorneys general filed an appeal in their legal challenge to a rule over pension funds’ ability to consider ESG factors when selecting investments.…
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Exxon sues shareholders over ESG proposal
January 25th, 2024
Shareholder voting rights could be under threat in the US as oil company ExxonMobil filed to sue investors over an ESG vote at its AGM.
ExxonMobil filed a complaint against activist …
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CalSTRS revises corporate governance principles
January 19th, 2024
The California State Teachers’ Retirement System (CalSTRS) has adapted its corporate governance principles to include company’s workforce as an issue for engagement.
The new report outlining CalSTRS corporate governance principles includes four …
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Updates introduced for various international regulatory reforms on stewardship
January 19th, 2024
The UK, Japan, the International Sustainability Standards Board (ISSB) and International Internal Audit Standards Board (IIASB) have all published updates on stewardship regulatory reforms.
The UK Financial Conduct …
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IIGCC publishes net zero voting guidance
January 18th, 2024
The Institutional Investors Group on Climate Change (IIGCC) has published guidance to support investors in developing their own net zero policies and practices.
The Net Zero Voting Guidelines are aligned with …
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EU says circular economy is “vital” to meeting climate goals
January 12th, 2024
The European Commission has renewed its commitment to a circular economy and reducing reliance on fresh resources, describing it as a “no brainer”.
Florika Fink-Hooijer, director general …
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SFDR criticised over fund labelling and mandatory disclosures
January 12th, 2024
Assets managers have called for a new approach to fund labelling and mandatory disclosures in the European Commission’s Sustainable Financial Disclosure Regulation (SFDR).
In response to a consultation on …
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