Mining titan BHP is facing growing shareholder dissent over its close links with industry groups that support the fossil fuel industry – with over a quarter of its investors voting to end these affiliations.
At the Anglo-Australian mining group’s AGM held last week, 27.07% of shareholders voted …
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Since the global economic meltdown in 2007, the debate over shareholder primacy and who ‘owns’ a company has raged on.
But at no time has the debate been as contentious as today with more stakeholders and industry commentators challenging the view that a corporation should exist principally to maximise shareholder wealth – a notion that was re-popularised by …
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Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts.
The letter, published in the New York Times, urged …
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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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The OECD has taken steps to ensure multinational companies pay their fair share of taxes in countries where they have significant consumer activities.
The proposal from the OECD’s secretariat, published on October 9, …
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Australian companies are failing to innovate and take risks at a time when their national economy needs them to boost its stagnating growth and productivity, a study has found.
The study – the first of its kind in Australia …
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Big Four fail in one in five audits
The world’s four biggest accounting firms have been exposed for botching at least 20% of their audits following an inspection by the Public Company Accounting Oversight Board (PCAOB).
In the most …
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RSM fined $950k for independence breach
Accounting firm RSM US has been fined $950,000 by the Securities and Exchange Commission (SEC) for violating the auditor independence rules.
RSM US, a member firm of the RSM International (RSMI) network with more …
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Prosecutors allege Exxon pressured witnesses in climate case
US prosecutors have accused Exxon Mobil of harassing investors and intermediaries in the lead up to a forthcoming court battle over whether the energy giant deliberately misled people on the cost of …
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