Royal Dutch Shell is to pay $381 million plus interest to a foundation representing over 150 institutional investors in nineteen countries. The settlement, following a binding declaration by the Amsterdam Court of Appeals, is considered to be a milestone, given …
Read MoreShareholder engagement is on the up according to the UK’s Investment Management Association which has just published its fifth annual Engagement Survey. The report brings together a review of IMA members general approach to voting disclosure between July 2007 and …
Read MoreThe Nominees for Shareholder Choice, better known as the Pershing Square Capital Management’s dissident director slate, have taken aim at Target’s board in the run-up the May 28 AGM. The nominees have issued a public letter spelling out 11 concerns …
Read MoreInvestors in two major US Internet Service Providers (ISPs), CenturyTel Inc and EarthLink Inc, have voted strongly in favour of a shareholder resolution which highlights Internet management practices at the ISPs and their role in Internet privacy and censorship.
The …
Read MoreNot so very long ago the AGM season passed the greater world largely unnoticed. Then in 1995 came the Cedric the pig, the mixed metaphor’d ‘fat cat with his snout in the trough’. We have then seen Hugh and his …
Read MoreManifest’s request for global shareholders to have a “Say on Pay” at Irish companies has its first success; DCC Group plc has confirmed that they will be allowing a shareholder vote on the directors remuneration report at this summer’s AGM. …
Read MoreEverybody? Somebody? Nobody? Anybody?
There has been much head-scratching in recent months as the institutional investment community gets to grips with the various responsibilities for oversight that clearly did not fit together to prevent the financial crisis.
One recent provocative …
Read MoreAlmost 14 years since European markets firmly embraced the concept of separating the role of Chair/CEO, most US issuers are still contemplating what it means for them. That could be set to change following the success of trade union SEIU’s …
Read MoreThe Fortis shareholders’ meeting in Ghent, Belgium was stopped for half an hour, according to Radio Netherlands, after the Tuesday meeting descended into chaos. Shareholders angry at the proposed sale of Fortis Bank to French BNP Paribas threw shoes, coins …
Read MoreFairPensions, the UK-based campaign for responsible investment has published its 3rd annual survey of pension funds and their ESG arrangements.
The headline findings are that although major UK pension funds are now acknowledging the potential of ‘non-financial’ issues to affect …
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