Investors US climate

Investors turn up the heat on US climate laggards

200 of the world’s leading investors have written to major US corporations urging them to align their climate lobbying with the goals of the Paris Agreement.

The joint letters, sent …

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The Fourth - Deloitte

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 US fined by SEC for violating auditor independence rules

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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BlackRock ups the pressure on Exxon Mobil

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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Minerva International Contact Numbers

As part of Minerva’s continued expansion, we are pleased to announce four new international contact points are now available:

Americas – Toronto: +1 647 503 2848
Asia-Pacific – Hong Kong: +852 5803 1687
Europe- Frankfurt: +49 (0)69 7191 6000
UK
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Micro Focus: Transaction-based award resulting in excessive pay

AGM Update:

Following the 29 March AGM, Micro Focus disclosed that the Remuneration Report was defeated with a 50.4% vote against – on a non-binding basis.  

Shareholders have become accustomed to the concept of pay for performance, but pay for …

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Lonmin plc’s major shareholder opposing KPMG’s re-appointment

Audit-related voting dissent still rare

When it comes to audit-related voting, shareholders have traditionally paid less attention to audit issues than other governance issues. Using Minerva’s VoteWatch module, this week we’re looking at two topical cases: Lonmin plc and SIG

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Blue Prism Group: LTIP structure around performance shares award

Blue Prism Group is overhauling its remuneration structure for the coming year with an increase in pay opportunity and the introduction of new long-term incentive awards. As Blue Prism is listed on AIM the company is not required to put …

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Investor Forum embraces ‘stakeholder capitalism’

AIM & remuneration disclosure: still room for improvement

Unlike their main market peers, AIM companies are not obliged to follow the detailed legislation surrounding executive pay practice. After AIM Rule 26 was changed in March 2018, they now just have …

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Sage Group: New remuneration policy in response to strategy focus

Sage Group: pensions down, shareholdings up

FTSE 100-listed accountancy software provider Sage Group plc holds its 2019 AGM on 27 February at which a new remuneration policy will be put to the shareholder vote. The policy was last approved at …

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