Democrat senate banking chair Sherrod Brown has gained a rare level of bipartisan support for a bill designed to bring heavier regulation to the US banking sector.
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ECB considers climate-focused reshuffle of portfolio January 16, 2022 The European Central Bank (ECB) is considering altering the climate titling of its corporate and sovereign bond portfolios. On 10 January, the ECB confirmed it is considering reshuffling the portfolio towards greener issuers due to rising interest rates. High-interest rates have reduced the upfront costs of […]
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Australian bank leaders could see their pay linked in part to achieving climate goals as investors continue to increase the pressure on companies over environmental issues.
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On Monday, in a first-of-its-kind exercise, the European Central Bank (ECB) released a report in which it evaluated the progress of climate-related and environmental risk management amongst the banks it supervises.
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Banks holding shares on behalf of clients are still responsible for human rights due diligence at the companies whose shares they hold, according to the UN.
Read MoreNorthern Rock’s former shareholders have lost their bid for a judicial review of the nationalisation compensation scheme but have vowed to press their claims in the the House of Lords and, potentially, the European Court of Human Rights. The House of Lords appeal could be heard in summer 2010 but an appeal to the European Court could take […]
Read MoreA research study by Manifest’s US partners, PROXYGovernance Inc(PGI), reveals some interesting trends about US board governance. PGI’s review of Russell 3000 companies holding their 2009 annual meeting prior to July 1 reveals that boards of financial services firms have added fewer new directors since the sub-prime credit crisis began than boards in any other major sector. […]
Read MoreThe Swiss Financial Markets Supervisory Authority (FINMA) has opended the consultation period for the Circular on Remuneration Systems, which is expected to enter into force on 1 January 2010. The Circular will have a direct impact on the remuneration systems of the financial institutions concerned. The Circular will aim to ensure that remuneration systems do […]
Read MoreManifest’s campaign to ensure shareholders at Irish companies have the opportunity to cast an advisory vote on the remuneration report gathered momentum over the weekend, with a full page article in the Irish edition of The Sunday Times. Last month Manifest filed shareholder resolutions at five Irish companies seeking an advisory say-on-pay vote. The Sunday […]
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