The New York City Pension Funds have filed new shareholder resolutions in their continued campaign to get investors the right to nominate a director to the boards of US companies. The Boardroom Accountability Project, which was launched in November 2014, has already seen 115 companies compared with six originally, adopt a bylaw which gives shareholders owning 3 percent […]
Read MoreThe Pensions and Lifetime Savings Association (the Association), better known as the National Association of Pension Funds of old, has updated its Corporate Governance Policy and Voting Guidelines. The Corporate Governance Policy and Voting Guidelines aim to promote the long-term success of the companies in which the Association’s members invest; and, ensure that the board and […]
Read MoreThe shares of UK sports clothes and equipment retailer, Sports Direct, took a hit this week, despite reporting increased profits, following an investigation by the Guardian newspaper which it said revealed that workers at its new Shirebrook warehouse are receiving effective hourly rates of pay below the minimum wage. The Guardian found that Sports Direct warehouse staff […]
Read MoreThe Council of Institutional Investors (CII), which represents pension funds and other institutional investors in the US, has published two reports highlighting the most effective ways to conduct and disclose engagement between investors and companies. CII Investor-Company Roundtable: Effective Engagement is the result of a roundtable convened by CII in July 2015 to discuss the most effective […]
Read MoreNew York City Mayor, Don Blasio, has urged all government pension funds in New York and across the US to divest from funds that include assault weapon manufacturers. In his call he is joining a growing campaign which is urging institutional investors to divest from, and for individual Americans to stop their pension funds investing […]
Read MoreThe PRI – Principles for Responsible Investment – project is calling on stakeholders and investors to take part in a series of initiatives it will be carrying out through out 2016 to mark its 10th anniversary. These will be reviewing its progress in getting responsible investing more accepted by mainstream investors worldwide and asking for […]
Read MoreCorporate governance is a critical factor in understanding company value and it drives investment performance according to a global survey of 293 financial services decision-makers commissioned by Aberdeen Asset Management. Corporate governance emerged as the most important matter on which asset managers should engage the companies in which they invest, with strong support also for […]
Read MoreProbably the most un-noticed consequence of the battle around the ill-fated Royal Bank of Scotland acquisition of ABN-AMRO has been the subsequent limitation of shareholders’ rights in the Netherlands. At the start of July a number of significant amendments Dutch company law were introduced which will make it significantly harder for shareholders to table their […]
Read MoreThe update of the corporate governance code for French listed companies published this month by AFEP/MEDEF has raised some telling questions about the governance of governance across the channel. Viewed against a backdrop of an agressive campaign on the part of French issuers seemingly aimed at censuring proxy research providers, the arrangements for the enforcement of the new code are […]
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