The New York City Pension Funds have filed new shareholder resolutions in their continued campaign to get investors the right to nominate a director to the boards of US companies. The Boardroom Accountability Project, which was launched in November 2014, has already seen 115 companies compared with six originally, adopt a bylaw which gives shareholders owning 3 percent […]
Read MoreCompliance with the UK Corporate Governance Code remains high,with 90 per cent of the FTSE 350 complying with all but one or two provisions, according to the Financial Reporting Council (FRC) in its report, Developments in Corporate Governance and Stewardship 2015. Data compiled by Manifest on behalf of the FRC shows that, in respect of board and […]
Read MoreThe Best Practice Principles for Shareholder Voting Research have improved transparency, so issuers and investors can better understand the work of proxy information providers and advisers, according to the EU’s European Securities and Markets Authority (ESMA). However, the ESMA believes that the industry group behind the Principles would benefit from better governance and further clarity over what […]
Read MoreThe Pensions and Lifetime Savings Association (the Association), better known as the National Association of Pension Funds of old, has updated its Corporate Governance Policy and Voting Guidelines. The Corporate Governance Policy and Voting Guidelines aim to promote the long-term success of the companies in which the Association’s members invest; and, ensure that the board and […]
Read MoreThe Financial Reporting Council is seeking to achieve more transparent and consistent reporting on the Stewardship Code by investment managers. The Code was introduced in 2010 following the recommendations of The Walker Review and sets out a number of areas of good practice to which investors should aspire and operates on a comply or explain basis. The […]
Read MoreThe Association of Member Nominated Trustees (AMNT) officially launched its new AGM voting toolkit this month (08-Dec-15). The 34 policy ‘Red Lines‘ (19 Governance, 10 Social and 5 Environmental) are designed to help pension trustees hold investee companies – and the fund managers who manage their investments in them – better to account when it […]
Read MoreThe Council of Institutional Investors (CII), which represents pension funds and other institutional investors in the US, has published two reports highlighting the most effective ways to conduct and disclose engagement between investors and companies. CII Investor-Company Roundtable: Effective Engagement is the result of a roundtable convened by CII in July 2015 to discuss the most effective […]
Read MoreAs the countries taking part in the UN Climate Change Summit, COP 21 in Paris, struggled to reach agreement 114 major companies including Coca-Cola, Dell, Kellogg, Procter & Gamble and Sony pledged to set emissions reduction targets in line with what scientists say is necessary to keep global warming below the dangerous threshold of 2 degrees Celsius using criteria approved […]
Read MoreNew York City Mayor, Don Blasio, has urged all government pension funds in New York and across the US to divest from funds that include assault weapon manufacturers. In his call he is joining a growing campaign which is urging institutional investors to divest from, and for individual Americans to stop their pension funds investing […]
Read MoreCorporate governance is a critical factor in understanding company value and it drives investment performance according to a global survey of 293 financial services decision-makers commissioned by Aberdeen Asset Management. Corporate governance emerged as the most important matter on which asset managers should engage the companies in which they invest, with strong support also for […]
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