Swiss companies see increased investor dissent

Ethos Swiss shareholders vote

Investors in leading Swiss companies are increasingly prepared to vote against management, particularly over executive pay, according to research by the Ethos Foundation.

Ethos, a pension fund-led responsible investment foundation shows that amongst the 200 companies comprised in the …

ICGN appoints Michael McCauley as new chairman

International Corporate Governance Network (ICGN)
Michael McCauley, Senior Officer – Investment Programs & Governance State Board of Administration (SBA) of Florida, which runs the assets of the state’s pensions funds, has taken over from Triodos’ Erik Breen as chair of the International Corporate Governance

Alphabet's independent shareholders back equal voting

The independent shareholders of Alphabet, Google’s parent company, overwhelmingly supported a shareholder resolution asking company management to recapitalise the share structure so that each share has one vote at its recent AGM (7th June).

Alphabet's independent shareholders back equal voting

Alphabet’s class A shareholders back

CtW urges shareholders a vote against Catepillar’s directors

Caterpillar AGM tax scheme

CtW Investment Group, the US corporate governance adviser to trade union pension funds (Taft Hartley funds), has suggested that investors should vote against the re-election of three of Caterpillar’s directors and in favour of a shareholder resolution proposing that …

USS calls on AkzoNobel to engage with PPG over its bid

UK pension fund, Universities Superannuation Scheme, (USS) has called on the Dutch paintmaker AkzoNobel to engage constructively with its US rival PPG which has recently submitted a third bid for the company, AkzoNobel said it will consider the …

RBS refuses to back down on shareholder committee resolution

RBS ShareSoc shareholder resolution

The Royal Bank of Scotland (RBS) has refused to back down on a decision not to allow a shareholder resolution, calling on the bank to establish a shareholder committee.

The resolution, to be proposed at RBS’ AGM later this …

UK Church Investors Group warn on CEO pay

Church Investors Group CEO pay warning

The Church Investors Group (CIG) has written to all FTSE 350 company secretaries outlining its revised voting policy for 2017 which includes a tough stance on executive pay. The CIG brings together the major church-based institutional investors and with their …

USA: Investor Stewardship Group launches Codes

Investor Stewardship Group

The US has moved a step closer to a national stewardship and governance code with the launch of the Investor Stewardship Group. The signatories and supporters of the $17 trillion group are now urging all institutional investors to join …

Wells Fargo's Stumpf resigns as ICCR demands reforms

John Stumpf, the chairman and chief Executive (CEO) of  troubled US bank Wells Fargo, has quit following admissions of fraudulent activities, including the opening of customer accounts without permission. Stumpf’s replacement as CEO is Tim Sloan, the company’s president …

Sports Direct governance changes - too little or too early to tell?

Retailer Sports Direct chief executive Dave Forsey has resigned to be replaced by Mike Ashley, founder of the company, its major shareholder and previously executive deputy chairman. No reason for his departure has been given but the resignation follows months …