One of America’s biggest pension fund groups has submitted shareholder proposals to three leading utility companies urging them to appoint an independent director as chairman.
New York City Retirement Systems, which comprises …
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Mining titan BHP is facing growing shareholder dissent over its close links with industry groups that support the fossil fuel industry – with over a quarter of its investors voting to end these affiliations.
At the Anglo-Australian mining group’s AGM held last week, 27.07% of shareholders voted …
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Since the global economic meltdown in 2007, the debate over shareholder primacy and who ‘owns’ a company has raged on.
But at no time has the debate been as contentious as today with more stakeholders and industry commentators challenging the view that a corporation should exist principally to maximise shareholder wealth – a notion that was re-popularised by …
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Shareholder dissent among investors in the top 350 UK companies stands at 2.95% on average for 2019, lower than 10 years ago, according to Minerva Analytics’ 2019 UK Voting Review.
The figure – …
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Asset owners must have the courage of their convictions to push forward with ESG policies – particularly when relevant data is hard to come by.
That was one of the overarching messages from …
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Michael Meehan has been appointed as the new chair of the UK Sustainable Investment and Finance Association (UKSIF).
He replaces Lesley Alexander, former CEO of HSBC’s UK pension fund, who has served five years in …
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The UK government has outlined what it expects of pensions trustees under the new Shareholder Rights Directive II (SRD II), in an announcement made this month.
SRD II was introduced to improve transparency and stewardship of occupational pensions schemes so …
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Accounting giant PricewaterhouseCoopers has been slapped with a $7.9m penalty for violating the Securities and Exchange Commission’s (SEC) financial reporting and auditor independence rules.
The regulator found PwC had engaged in ‘improper professional …
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Australian companies are failing to innovate and take risks at a time when their national economy needs them to boost its stagnating growth and productivity, a study has found.
The study – the first of its kind in Australia …
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