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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A quarter of the UK’s biggest companies are failing to adopt the right remuneration polices to reward executive performance, according to a new study by The Purposeful Company, a management think tank.…
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A new poll shows that nearly half of investment professionals are struggling to adhere to the industry’s principal Code of Ethics.
CFA UK’s 2019 annual ethics survey – which comprised the views of nearly 500 investors – showed that while …
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The UK’s financial regulator has published its long-awaited proposals to tackle inadequate climate change disclosures by firms.
The Financial Conduct Authority’s (FCA) proposals follow feedback from stakeholders to its October 2018 discussion paper on climate change and green finance.
Its …
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Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts.
The letter, published in the New York Times, urged …
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