Companies Archives

Anbang boss is caught up in Chinese corruption allegations

Wu Xiaohui, chairman of insurer Anbang, has been arrested, according to widespread reports, due to a crackdown on alleged corruption in the financial sector by the Chinese government. Reports of the arrest first appeared in the Chinese news magazine …

Uber CEO takes indefinite leave as firm vows to improve corporate culture

The board of the technology-driven ride-hailing company, Uber, has vowed to improve its corporate culture following a report which recommended sweeping reforms. However, it has been widely reported that its chief executive Travis Kalanick has taken indefinite leave.

Despite …

Upcoming Renault AGM results will be closely watched by investors

French carmaker Renault will be holding its AGM on 15th June and its voting results will be closely watched due to longstanding concerns about its governance and after its vote on pay was defeated last year.

The pay of Carl …

RLAM’s Glencore governance worries flagged in AGM results

Royal London Asset Management (RLAM), voiced concerns about the unusual remuneration and board structure of Glencore ahead of its May 24 AGM.

The voting results show RLAM’s concerns may have been shared by other shareholders. While all Glencore’s resolutions …

Shell faces shareholder resolution for greenhouse gas targets

Oil giant Shell is facing a shareholder resolution at its AGM next week (23rd May) calling for it to set and publish targets for reduction of its greenhouse gas emissions (GHG) that are aligned with the Paris Climate Agreement goal …

CtW urges shareholders a vote against Catepillar’s directors

CtW Investment Group, the US corporate governance adviser to trade union pension funds (Taft Hartley funds), has suggested that investors should vote against the re-election of three of Caterpillar’s directors and in favour of a shareholder resolution proposing that …

Accor: Double voting rights dissapointment

Minority shareholders in Accor, were disappointed when their resolution was not passed at its AGM (5th May) meaning double voting rights continue for large investors in the hotel chain.

French social investment firm, Phitrust Partners, advised by corporate

Hermes calls for vote against VW boards and pay policy

In the lead up to the AGM of the carmaker, Volkswagen (VW), last week (10th May) activist investor Hermes EOS recommended a vote against re-electing members of the management and supervisory boards and the revised remuneration policy.

Hermes …

UK Pre-Emption Group reviews Statement of Principles implementation

The Pre-Emption Group has published a monitoring report looking at implementation of the 2015 Statement of Principles and the template resolutions. The principles relate to the when considering the case for disapplying pre-emption rights

Over the course of the year,

FRC begins probe of KPMG and its Rolls-Royce audit

The Financial Reporting Council (FRC) has commenced an investigation under its audit enforcement procedure into the conduct of KPMG, in relation to its audit of Rolls-Royce’s financial statements from 2010 to 2013.

The FRC’s investigation follows an …