Investor Forum embraces ‘stakeholder capitalism’

An investment industry initiative set up to help escalate material issues with UK-listed companies has reported its strongest year to date for collective engagement activity.

The Investor Forum said 2020 had proved to be a watershed year for the development …

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UK cracks down on Chinese imports linked to forced labour

Government takes up the plight of Uyghur Muslims

The UK government is introducing new rules to prevent the import of goods suspected of using forced labour in China’s Xinjiang province.

Foreign secretary Dominic Raab told the House of Commons on …

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Government urged to prioritise audit industry reform

Reform is an “urgent priority”, says accountancy body chief

The accounting industry is urging the government to prioritise reform of the sector following the appointment of Kwasi Kwarteng as business secretary.

Michael Izza, chief executive of the Institute of Chartered …

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HSBC shareholders urge bank to cut exposure to fossil fuels

Investors file resolution calling on bank to publish strategy and targets

Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels.

Fifteen institutional investors with a …

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RPMI Railpen urges government to protect shareholder rights

The UK pension investor among those demanding government protects minority shareholders in its listings review

RPMI Railpen, the investment manager for the railways pension schemes, is urging the government to protect minority shareholder rights in its response to HM Treasury’s

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Institutional investors back IFRS’s proposal for ESG reporting standard

More than 450 asset managers and pension funds responded to a consultation on standardised reporting

Some of the world’s biggest pension funds and institutional investors are backing the International Financial Reporting Standards Foundation’s (IFRS) proposal for standardised sustainability reporting.

Last …

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NYSE backtracks (again) on Chinese delistings

The exchange will drop three Chinese telecoms companies after criticism from the US Treasury

The New York Stock Exchange has decided to delist China’s three largest telecoms giants after reversing the decision just a few days earlier.

NYSE said it …

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CII backs Nasdaq’s proposal to improve diversity on boards

Companies could be delisted if they fail to meet ‘comply or explain’ requirement

The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting.

In a …

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The FCA has set out how it will enforce new climate disclosure rules for UK listed companies.

The new rules will require all companies listed on the London Stock Exchange to …

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Investors urge DoL to pull ESG proposals

Wisconsin Democrat wants to put investors back in charge

US Senator Tammy Baldwin has proposed new legislation that would reverse a final rule from the Department of Labor (DOL) to limit retirement plans from voting on corporate proxies.

On 11 …

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