A major activist group has launched a petition to fight the SEC’s shareholder proposal rules – already securing nearly two-thirds of the 75,000 target signatories.
Credo Action, which represents millions of activists around the globe fighting for progressive change, warned …
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The SEC’s attempts to impose tough new regulations on proxy advisers have taken a sinister turn following revelations its chairman has been citing …
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One of America’s biggest pension fund groups has submitted shareholder proposals to three leading utility companies urging them to appoint an independent director as chairman.
New York City Retirement Systems, which comprises …
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A war of words has broken out between investors and the Securities and Exchange Commission (SEC) following the regulator’s controversial proposal to amend its proxy voting rules.
On 5 November, the SEC proposed new changes to how proxy advisory firms operate – with some criticising the move …
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Mining titan BHP is facing growing shareholder dissent over its close links with industry groups that support the fossil fuel industry – with over a quarter of its investors voting to end these affiliations.
At the Anglo-Australian mining group’s AGM held last week, 27.07% of shareholders voted …
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Since the global economic meltdown in 2007, the debate over shareholder primacy and who ‘owns’ a company has raged on.
But at no time has the debate been as contentious as today with more stakeholders and industry commentators challenging the view that a corporation should exist principally to maximise shareholder wealth – a notion that was re-popularised by …
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The Financial Stability Board’s recommendations on climate-related governance have moved a step closer to becoming statutory guidance after the Pensions Regulator, TPR, announced the formation of an industry working group to create best practice guidance for pension funds.
The Pensions
The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020.
The revised Code has set a higher standard for how money is …
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The annual Manifest Total Remuneration Survey is now out.
The average pay of the UK’s top CEOs has fallen by more than 10% to £5.1m, though concerns remain this figure is still too high.
The latest Manifest Total Remuneration Survey…
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