Almost 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 …
Read MoreAs if proxy fights don’t have enough drama, the New York Times’ DealBook reports that a new fight is brewing between a Pershing Square dissident nominee for a seat on the board at Target Corp. and the company. The nominee, …
Read MoreThe Conference Board Governance Center has got together with Damien Park of Hedge Fund Solutions to produce guidance and a checklist of issues for boards to consider in their relations with shareholders. In particular the report is focused on how …
Read MoreOne of Canada’s leading newspapers, the Globe & Mail, is striking the death knell for The Ontario Teachers’ Pension Plan’s role in promoting good governance in Canada.
Their gloomy analysis comes after the pension fund announced and 18% loss …
Read MoreUNPRI’s Board has this week issued an eight point action plan calling for more investment in active ownership and oversight.
In an open admission that investors have had a role to play in current difficulties, Donald MacDonald, Chair of the …
Read MoreThe Millstein Center for Corporate Governance and Performance at the Yale School of Management has made a series of proposals to boost transparency among institutional investors and the proxy voting services that advise them. In addition to investor transparency about
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Leading global investors, with assets totalling over $1.3 trillion, have written to US President Barack Obama urging the new administration to implement “critical” legal reforms to US financial markets and corporate governance practices.
The institutions, representing the pension savings of …
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