French proposals to curb shareholder activism spark debate

French proposals to curb shareholder activism spark debate

The French government has been criticised for publishing a report suggesting a crackdown on shareholder activism.

The report, published at the end of last year, comes as shareholders keenly anticipate

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Shareholders Westpack

Furious Westpac shareholders have slapped a second strike on the bank, as investors confronted the firm for the first time since its child sex and money laundering scandals.

At the Australian bank’s AGM in Sydney on 12 December, an overwhelming …

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BlackRock step up on climate change

A group of investors are urging industry giants BlackRock and JPMorgan to review their proxy voting records amid concerns they don’t match the firms’ public declarations about climate change.

Mercy Investment Services and Boston Trust Walden have written to BlackRock …

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A major activist group has launched a petition to fight the SEC’s shareholder proposal rules

A major activist group has launched a petition to fight the SEC’s shareholder proposal rules – already securing nearly two-thirds of the 75,000 target signatories.

Credo Action, which represents millions of activists around the globe fighting for progressive change, warned …

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Pile of astroturf

SEC falls foul of proxy astroturf

Did the SEC cite fake letters to support its proxy clampdown?

The SEC’s attempts to impose tough new regulations on proxy advisers have taken a sinister turn following revelations its chairman has been citing …

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CII backs Nasdaq’s proposal to improve diversity on boards

US pensions demand change on energy boards

One of America’s biggest pension fund groups has submitted shareholder proposals to three leading utility companies urging them to appoint an independent director as chairman.

New York City Retirement Systems, which comprises …

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Consumer groups slam attempt to delay SRD II

UK Shareholder dissent hits 10 year low

Shareholder dissent among investors in the top 350 UK companies stands at 2.95% on average for 2019, lower than 10 years ago, according to Minerva Analytics’ 2019 UK Voting Review.

The figure – …

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London, UK

Investors need courage of their ESG convictions

Asset owners must have the courage of their convictions to push forward with ESG policies – particularly when relevant data is hard to come by.

That was one of the overarching messages from …

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UK corporate governance code

There continued to be a focus on executive pay in 2017 by shareholders of FTSE 350 companies data from Manifest for the Pensions and Lifetime Savings Association’s (PLSA) AGM voting review showed.

The PLSA stated that the executive pay …

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australia

Australia’s 2017 AGM season was significantly “less tumultuous” than the 2016 season, with fewer ‘strikes’ (a 25% vote against) on remuneration reports the Australian Securities & Investment Commission (ASIC) has reported.

Most Australian companies hold their AGMs in …

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