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 …
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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 …
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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 …
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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 …
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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 …
Read MoreRetailer 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 …
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The UK’s Pension Regulator’s new code of practice for occupational trust-based defined-contribution (DC) pension schemes and the publication of six ‘how to’ guides to give comprehensive guidance to trustees has been warmly welcomed by a number of responsible investment groups.
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A group of 13 US and Canadian fund managers, pension funds and company bosses have taken the unprecedented step of endorsing a set of corporate governance principles in a bid to quell rising unease and conflict around US governance standards.…
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Walden Asset Management has added its voice to those criticising the proposed Corporate Governance Reform and Transparency Act of 2016 (HR 5311) passed last month by the US House of Representatives’ Finance Services Committee.
In a letter to Jeb Hensarling …
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