Investor group urges SEC to reopen proxy rules comment period
A group of investors is calling on the SEC to reopen the comment period on amendments to shareholder proxy rules after new data was submitted by its Division of Economic …
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EU-wide push expected on corporate long termism
New legislation and heavier enforcement actions could be on their way for EU companies following fresh concerns they are neglecting long-term value creation for shareholders.
Entitled, ‘Study on directors’ duties and sustainable …
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UK-listed companies offered Covid-19 issuance lifeline
UK-listed companies hit by Covid-19 are being given an additional lifeline as the Pre-Emption Group (PEG) extends the easing of its issuance guidelines, allowing more share capital to be raised from shareholders.
The …
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DoL questions purpose of shareholder voting
The US Department of Labor (DoL) has thrown a new curveball into its approach to governing shareholder rights, questioning the need for asset owners to have their voices heard by companies at all.
Following …
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Banks dragged into legal action over Bayer-Monsanto deal
Advisers to the Bayer-Monsanto takeover have been dragged into a lawsuit against the pharmaceuticals company that was originally filed in March.
Plaintiff Rebecca Haussmann, trustee of the Konstantin S. Haussmann Trust, filed …
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CEO stakeholder commitments illusory claim Harvard duo
Research conducted by two renowned Harvard academics has cast doubt on the commitments made a year ago by 181 CEOs affiliated to the Business Roundtable trade group.
Twelve months ago, business leaders …
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US business lobbies press for laws on boardroom diversity
A group of US business associations has called on the Senate to ratify legislation on boardroom diversity that was passed by the other chamber last year.
In an open letter to …
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SEC ignores investor objections to implement new proxy rules
Despite claims from some of the world’s largest investors that moves to impose new proxy voting regulations would increase costs, the US financial regulator has pressed ahead with a series of …
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Spanish “loyalty shares” draw central bank criticism
The Bank of Spain has emerged as part of almost unanimous opposition to its government’s proposed introduction of so-called loyalty shares for listed companies.
According to El Pais, in its response to a consultation on a new securities and …
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Canada proposes proxy system overhaul
The role of proxy advisory firms and proxy plumbing in Canada could be set for a fundamental overhaul, following the publication of findings by the Capital Markets Modernisation Taskforce (CMMT).
In a wide-ranging remit, the taskforce has made …
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