DWP launches pension scheme voting task force

Minister noted time was up to wait for industry to make a change

Pensions Minister Guy Opperman has announced the establishment of the Taskforce on Pension Scheme Voting Implementation, with a focused remit

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FRC criticises inconsistent corporate governance reporting

Watchdog highlights widespread box-ticking by UK plc

FTSE-listed companies are treating corporate governance as a box-ticking exercise and failing to meet stakeholder expectations in their reporting, according to the Financial Reporting Council (FRC).

The FRC’s Review of Corporate Governance Reporting

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Government acts to prevent hostile foreign takeovers

Government acts to prevent hostile foreign takeovers

The UK government is introducing a bill that aims to give it powers to investigate and intervene in potentially hostile foreign direct investment that threatens national security.

Under the National Security and Investment

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San Francisco votes to rein in CEO pay

San Francisco votes to rein in CEO pay

San Francisco citizens have voted overwhelmingly for a new tax on highly paid CEOs.

By a margin of 65-35, they voted to approve a ballot measure to increase taxes on corporations with …

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UK government urges finance firms to make net-zero pledge

UK government urges private finance firms to make net zero pledge

Finance is a central theme in the race to net zero

The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future.

Speaking …

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Audit watchdog: UK companies must report climate disclosures

Audit watchdog: UK companies must report climate disclosures

FRC to push companies to speed up on the race to net zero

Companies are being urged to improve their reporting on climate change to meet the increased expectations of investors.

On …

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Senate working group targets corporate governance reform

Senate working group targets corporate governance reform

Four Democrat US senators have formed a working group with the aim of shifting corporate America away from shareholder capitalism.

Elizabeth Warren (Massachusetts), Tom Carper (Delaware), Tammy Baldwin (Wisconsin) and Mark Warner (Virginia) …

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Concern mounts over ESAs’ ESG product disclosures

Concern mounts over ESAs’ ESG product disclosures

PensionsEurope has voiced concerns over the European Supervisory Authorities’ (ESAs) attempt to create templates for ESG products.

The lobby group, which represents national associations of pension funds, said the product templates are too …

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DWP launches pension scheme voting task force

Government signals drive to boost ESG options for pension funds

UK government pensions minister Guy Opperman has signalled plans to accelerate ESG action for pension funds ahead of the milestone COP26 conference in 2021.

“The government will be making announcements …

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Virtual AGMs get FRC green light, but questions remain

Virtual AGMs get FRC green light, but questions remain

Questions remain over how virtual AGMs can work for all investors, after a full season of shareholder and company meetings has been carried out online.

While some “excellent practices” seen over …

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