Author Archives: Joe McGrath
EU Flags in front of the European Commission

European Commission pushes ahead with SRD II

The European Commission will proceed with the implementation of the second Shareholder Rights Directive (SRD II), defying protests from some post-trade groups.

As a result, the second phase of SRD II will come …

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SEC lambasted over shareholder rights change as companies fail to meet ESG targets

SEC committee to policymakers: Revise ESG rules or be left behind

The US risks falling further behind the UK and Europe unless rules governing reporting requirements for issuers around environmental, social and governance factors are updated.

That was the conclusion …

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BlackRock ups the pressure on Exxon Mobil

BlackRock ups the pressure on Exxon Mobil

BlackRock has shown it can get serious with portfolio companies, this week cranking up the pressure on Exxon Mobil by voting against the re-election of several of the company’s leadership team.

Citing insufficient …

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Sec lending management key to better ESG

Sec lending management key to better ESG

Managing securities lending policies in line with ESG goals, rather than halting them completely, should result in better outcomes for shareholders, research suggests.

In recent months, asset owners had been quizzing fund firms …

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ECODA

The chair of the European Confederation of Directors Associations (ECODA) has urged boards to embrace ESG in the fightback against coronavirus and the economic chaos which will likely follow the pandemic.

In an open letter, chair Jan Wesseldijk …

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Japan stewardship code

Japan has revised its Stewardship Code after acknowledging that investors could benefit from a broader set of corporate governance guidelines.

Throughout 2019, a council of experts reviewed the code, before publishing a revised draft for review at the end …

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Data, Sustainability risks internal audit

The Institute of Internal Auditors said the findings from its annual survey of 630 internal audit executives painted a “troubling picture”.

Many internal audit functions are failing to allocate a portion of their audit plans to certain key risks, in …

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FRC reports highlight benefits of Covid disclosures

In February, the Financial Reporting Council (FRC) announced what it has called a “major review” of how companies and auditors assess and report on the impact of climate change, with the findings due to be published in the Autumn, ahead

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The UK Government has now implemented social distancing measures across the UK as the coronavirus outbreak continues to gather pace.

Mass gatherings are being postponed or cancelled in response, but UK companies with scheduled annual general meetings (AGM) are having …

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GPIF scales up stewardship expectations

Japan’s GPIF scales up stewardship expectations

Japan’s biggest public pension fund has revised its stewardship and proxy voting principles amid a surge in shareholder activism in the country.

The Government Pension Investment Fund, one the world’s largest pools of …

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