Blog - Page 104 of 223 - Minerva-Manifest

High Pay Centre’s Fat Cat Day highlights pay gap between UK CEOs and staff

In its annual review of the pay of FTSE 100 chief executives and average UK employees the High Pay Centre, now working with the Chartered Institute of Personnel and Development (CIPD), found that by 4th January, dubbed Fat Cat …

Four large US asset managers back climate resolutions for the first time

Four of the top ten largest asset managers in the US voted in support of a climate change-related shareholder resolution for the first time ever during 2017 research by Fund Votes for the pressure group, Ceres has found.

The asset …

Petrobras settles securities class action lawsuit led by USS

Brazilian oil and gas company, Petrobras, has signed an agreement to settle a securities class action lawsuit filed in the US in which the lead plaintiff was UK pension fund, the Universities Superannuation Scheme (USS).

Under the settlement, Petrobras agreed …

Investor groups repeat call for shareholder committee at RBS

Over 100 shareholders have again requisitioned a resolution calling on the Royal Bank of Scotland (RBS) to establish a shareholder committee in a campaign organised by private investor groups – the UK Individual Shareholders Society (ShareSoc) and the …

FCA: Investigation into Carillion’s announcements begins

Support services company, Carillion, which has been suffering from financial difficulties in recent months, announced that the Financial Conduct Authority (FCA) has notified the company that has commenced an investigation. This is in connection with the timeliness and content …

Sri Lanka releases revised corporate governance code

Sri Lanka’s Institute of Chartered Accountants (CA Sri Lanka) recently published its revised Code of Best Practice on Corporate Governance 2017.

Speaking at the launch event outgoing president of CA Sri Lanka Lasantha Wickremasinghe said that good corporate governance …

Manifest Season’s Greetings 2017

As we approach the end of another eventful year, we would like to wish our many clients, friends and partners a very Happy Christmas and Peaceful New Year.

The world of sustainable governance is going through unprecedented change. In the …

BHP set to pull out of World Coal Association over climate concerns

Global mining and oil company BHP said it intends to pull out of the World Coal Association (WCA) over its position on climate change. This follows the publication of a review of industry associations that have an active position on

Investment Association shareholder rebellion register

Investment Association: Register showing UK shareholder rebellions launched

The Investment Association (IA), which represents the UK’s asset management industry, has launched its public register of listed companies which have had significant shareholder rebellions. The IA proposed its development in its response to the government’s green paper on corporate …

ShareAction welcomes consultation on pensions trustees’ ESG disclosure

Responsible investment pressure group ShareAction has welcomed the UK government’s interim response to recommendations made by the Law Commission earlier this year which concluded that there were no legal or regulatory barriers to pension funds, whether defined contribution or defined …