The NZX’s revised corporate governance code (the NZX Code) and its supporting rule amendments have been published. The New Zealand Stock Exchange (NZX) which administers the code said this was the first substantial update since 2003 and represented a significant …
Read MoreThe Pre-Emption Group has published a monitoring report looking at implementation of the 2015 Statement of Principles and the template resolutions. The principles relate to the when considering the case for disapplying pre-emption rights
Over the course of the year,
…
Read More
Following recent concerns that US could pull out of the Paris climate change agreement, President Trump has put off his decision on this until he returns from the G7 group meeting being held at the end of the month.…
Read MoreResponsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders.
ShareAction said that the remuneration for
…
Read More
Educational services company Pearson, lost the vote on its remuneration report at its AGM last week (5th May). There were also significant votes opposing the company’s remuneration policy and the re-election of the remuneration committee chair.
If abstention votes …
Read MoreThe Financial Reporting Council (FRC) has commenced an investigation under its audit enforcement procedure into the conduct of KPMG, in relation to its audit of Rolls-Royce’s financial statements from 2010 to 2013.
The FRC’s investigation follows an …
Read More
Nearly half of Fortune 500 companies—48%—have at least one climate or clean energy target, according to a report from WWF, Calvert Investments, CDP and Ceres. This is up 5% from an earlier 2014 report.
Read More
Guidance on Stewardship Code for institutional investors in Japan to perform their duties effectively has been published by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation as part of …
Read MoreThe US Council of Institutional Investors (CII) has voiced its opposition to aspects of the Republicans’ Financial CHOICE Act which was formally introduced by the House of Representatives’ Financial Services Committee Chairman Jeb Hensarling this week.
Hensarling believes the Act …
Read More
Shareholders in scandal-hit US bank Wells Fargo gave the company a signal of their dissatisfaction in voting at its recent AGM.
While the re-election of the directors was passed with the majority of votes cast the proportion in favour …
Read More