The chairman and chief executive of Brazilian investment bank, BTG Pactual, Andre Santos Esteves, has been forced to resign following his arrest amid accusations of bribery. According to press reports, Esteves was accused of allegedly conspiring with Delcidio Amaral, head of the government coalition in the Senate, who was also arrested, to hide evidence. Prosecutors have also alleged that […]
Read MoreThe Association of Member Nominated Trustees (AMNT) officially launched its new AGM voting toolkit this month (08-Dec-15). The 34 policy ‘Red Lines‘ (19 Governance, 10 Social and 5 Environmental) are designed to help pension trustees hold investee companies – and the fund managers who manage their investments in them – better to account when it […]
Read MoreThe Council of Institutional Investors (CII), which represents pension funds and other institutional investors in the US, has published two reports highlighting the most effective ways to conduct and disclose engagement between investors and companies. CII Investor-Company Roundtable: Effective Engagement is the result of a roundtable convened by CII in July 2015 to discuss the most effective […]
Read MoreAs the countries taking part in the UN Climate Change Summit, COP 21 in Paris, struggled to reach agreement 114 major companies including Coca-Cola, Dell, Kellogg, Procter & Gamble and Sony pledged to set emissions reduction targets in line with what scientists say is necessary to keep global warming below the dangerous threshold of 2 degrees Celsius using criteria approved […]
Read MoreNew York City Mayor, Don Blasio, has urged all government pension funds in New York and across the US to divest from funds that include assault weapon manufacturers. In his call he is joining a growing campaign which is urging institutional investors to divest from, and for individual Americans to stop their pension funds investing […]
Read MoreThe European Union (EU) has reached an agreement on new legislation which will improve cyber-security across all member states. The European Commission proposed the directive in 2013 and an agreement on its content was reached by the EU Council of Ministers and the European Parliament on 7th December. The Commission is keen to ensure a high common level […]
Read MoreThe PRI – Principles for Responsible Investment – project is calling on stakeholders and investors to take part in a series of initiatives it will be carrying out through out 2016 to mark its 10th anniversary. These will be reviewing its progress in getting responsible investing more accepted by mainstream investors worldwide and asking for […]
Read MoreThe Financial Reporting Council (FRC) has issued two consultations as part of its ramped up efforts to implement the EU Audit Regulation and Directive regime and strengthen investor confidence in governance. Board Succession Planning Following its October discussion paper UK Board Succession Planning -the FRC is now seeking input and feedback on how to achieve diverse […]
Read MoreIn a rare case of a CEO being personally held to account for corporate wrongdoing the former boss of US coal mining company, Massey Energy, Don Blankenship has been convicted of conspiring to violate US mining health and safety standards. These safety violations led to an explosion at one of its mines, Upper Big Branch in […]
Read MoreThe Manifest Executive Total Remuneration Report 2015 tells the story After recent years of falling pay awards for CEOs, the annual Manifest remuneration survey suggests that top pay awards are going up again, especially the awards of long-term incentive grants. The Manifest 2015 Executive Total Remuneration Survey, produced in association with MM&K, tells the full […]
Read More