Despite attempts at investor engagement, tobacco firm Imperial Brands has withdrawn the resolution amending its policy at its AGM next week (1st February). The company said that that the decision followed consultations with shareholders, and that the existing policy approved …
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The Insurance Regulatory and Development Authority of India (IRDAI) has published a draft stewardship code for insurers in their role as institutional investors managing funds on behalf of policyholders.
The IRDAI said: “Considering the fiduciary role played by the …
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Communications company BT has admitted improper accounting practices at its Italian subsidiary which resulted in overstated earnings over several years. BT is now conducting a broader review of financial processes, systems and controls across the company. BT’s remuneration committee will …
Read MoreThe Japanese Government Pension Investment Fund (GPIF) recenlty tweeted about the “excellent” integrated reporting of some of the country’s firms. However, Manifest’s analysis shows that sustainability reporting in Japan is falling short of many investors expectations.
Based on analysis of …
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Companies should adapt their business models to be at the service of the UN’s sustainable development goals (UN SDGs) according to Paul Polman, chief executive of Unilever speaking at the annual meeting of the World Economic Forum in Davos last …
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The UK’s Pension’s and Lifetime Savings Association (PLSA) has advised its pension fund members to act more strongly on executive pay. It is advising funds oppose the re-election of the remuneration committee chair as a company director if they decide …
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A project to help boards understand and factor in the views of their employees and other stakeholders led by the ICSA: The Governance Institute and the Investment Association, has been welcomed by the UK’s Financial Reporting Council (FRC).
The …
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Jeremy Corbyn, leader of the UK’s opposition Labour Party has outlined his party’s agenda for governance reform focusing on CEO pay ratios. In a speech in Peterborough last week (10th January) Corbyn added his voice to the current debate …
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Tax transparency campaigners are looking to the European Parliament to continue to have a strong stance on public tax disclosure after EU member states agreed in December on a position that weakened European Commission proposals contained in the latest draft …
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