With the EU Shareholder Rights Directive now in force, the signatories of the Best Practice Principles for Shareholder Voting Research have announced the outcome of its two year review process with the publication of the 2019 Best Practice Principles For Shareholder Voting Research. The updated Principles were developed within the framework of a structured Independent […]
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As part of Minerva’s continued expansion, we are pleased to announce four new international contact points are now available: Americas – Toronto: +1 647 503 2848 Asia-Pacific – Hong Kong: +852 5803 1687 Europe- Frankfurt: +49 (0)69 7191 6000 UK – London: +44 (0)20 3009 0853
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David Crum to lead Asset Owner Project Minerva Analytics is pleased to announce the appointment of David Crum as Managing Director – Asset Owner Solutions. David joined the company on 1st July 2019 and will have a wide-ranging remit which includes building market awareness of Minerva’s stewardship, ESG and shareholder voting tools in the post […]
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The social cost of failed stewardship “Eye-watering and unjustified CEO pay packages are corrosive of trust in business and threaten to undermine the public’s support for the way our economy operates.” That’s the conclusion of Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy (BEIS) Committee following publication of the Committee’s Eighteenth Report […]
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AIM & remuneration disclosure: still room for improvement Unlike their main market peers, AIM companies are not obliged to follow the detailed legislation surrounding executive pay practice. After AIM Rule 26 was changed in March 2018, they now just have to disclose which governance code they follow. For many, that will be the QCA Governance […]
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Board Diversity: SEC Clarifies Reg S-K Disclosures The staff of the US Securities and Exchange Commission (SEC) has issued two new Compliance & Disclosure Interpretations (116.11 & 133.13) focussing on how companies should consider board diversity in their Regulation S-K disclosures. The interpretations clarify when “self-identified diversity attributes” of directors and director nominees should be disclosed in […]
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SEC’s back to work priorities: proxy plumbing & human capital reporting As the SEC returns to work after the shutdown, Commission chairman, Jay Clayton has started to lay out his departments work for the coming year. During a conference call with the Investor Advisory Committee, (Thurs 6 Feb 19) Clayton announced that fellow Commissioner Elad […]
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FRC and FCA target new, rigorous stewardship regime, SRDII implementation begins, ESG resourcing questioned In the latest round of consultations and discussion documents, the UK’s governance and financial markets regulators have laid out their “substantially higher expectations for investor stewardship policy and practice.” Having engaged with 170 members of the investment community, the FRC’s proposed Code […]
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PLSA Annual Voting Review 2018 As the 2019 AGM season approaches, the UK’s asset owner membership body, the PLSA has published its annual AGM Review. The report, which draws heavily on Minerva’s voting results and research data, highlights some of the key themes and developments from 2018’s voting season, as well as looking at long […]
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Tax Secrecy: GRI Consultation, New Minerva Guidelines Academic research has found that tax avoidance can increase the risk of share price crash [1] and the public revelation of aggressive tax avoidance can result in negative investor reaction and potential significant reputational costs[2]. Tax management is therefore a strategic business issue which can pose a material financial risk […]
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