Climate Change, Shareholder Voting and ESG-factor awareness are clearly(!) topics close to our heart. With the recent DWP changes to Occupational Pension Scheme legislation in the UK, and the introduction Europe-wide of the Shareholders Rights Directive II, there’s a lot going on in the stewardship area at the moment. It seems to us that there’s […]
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Exec Pay – The Invisible Drag on Innovation CEO remuneration packages actively discourage innovation in UK’s top companies, new Nesta analysis finds The way most big businesses reward their Chief Executives and other senior staff is inhibiting innovation and research and development, and encouraging short-term gains over long-term investment, according to a study of the […]
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Pension fund readiness for new climate rules under question The UK’s pension watchdog, The Pensions Regulator, has uncovered a disturbing lack of readiness for the DWP’s upcoming ESG regulations. In a survey of the 100 largest schemes, 80% were found to have not taken steps to integrate climate change issues in their investment strategy statement. […]
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Canada issues climate disclosure guidance The Canadian Securities Administrators (CSA) has become the latest securities regulator to step forward with guidance for quoted companies on climate change risk disclosures. CSA Staff Notice 51-358 Reporting of Climate Change-related Risks is intended to assist companies in identifying and improving their disclosure of material climate change risks. The notice […]
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This revised and updated version of the original ICGN Anti-Corruption Guidance, published in 2009, clearly delineates between bribery and corruption. In its proposed revisions, the ICGN recognised the challenges that investors face in seeking that companies take a stand against corruption.
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The warnings have been coming thick and fast. From the world’s central banks, to leading academics and regulators – many believe the global financial system faces a serious and potentially catastrophic fallout from climate change risks.
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Prosecutors allege Exxon pressured witnesses in climate case US prosecutors have accused Exxon Mobil of harassing investors and intermediaries in the lead up to a forthcoming court battle over whether the energy giant deliberately misled people on the cost of climate change to its business. A lawyer for the New York Attorney General has called […]
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FRC fines treble to £43m as regulator sends “clear message” The Financial Reporting Council (FRC) dealt out a record £43m in fines during the past year for misconduct and breaches, as the regulator accelerated cases to conclusion. The regulator’s Annual Enforcement Review, published at the end of July, shows the FRC almost tripled its fines […]
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SEC urged to unleash sweeping changes to proxy system As the SEC’s Proxy Plumbing saga rumbles on, the Commission has signalled that public companies, shareholders and other stakeholders in the US may soon get the transparency in the proxy system that many have been demanding. The investor advisory committee to the US Securities and Exchange […]
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Dubai’s stock exchange eyes Middle East sustainability crown The Dubai Financial Market has launched a blueprint to promote environmental, social and governance (ESG) issues among listed firms, pledging to become the region’s leading sustainable financial market by 2025. The Sustainability Strategic Plan 2025, which underpins the Dubai exchange’s efforts to promote ESG best practice among […]
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