Moderna faces shareholder backlash on remuneration May 5, 2023 Moderna, the Cambridge-based biotech firm, has found itself in hot water for executive pay in the lead-up to its annual general meeting. The controversy centres on the $393m netted by CEO Stéphane Bancel in 2022 through exercising stock options, and the company’s decision to raise his […]
Read More
Pfizer has increased its presence in the growing sustainable debt market by issuing a $1 billion sustainability bond which will support the delivery of the Covid-19 vaccine.
Read More
With Australian proxy season preparations now underway, the Australian federal authorities are looking to introduce a public register of companies that use the government’s JobKeeper programme. Debates around the proposed bill centre over the impact and fairness of Covid furlough support and a lack of corporate transparency over the uptake and use of wage subsidies.
Read More
The use of ESG integration strategies have increased by 15.4% year on year in Japan, despite a decrease in the country’s sustainable investment balance, a Japan Sustainable Investment Forum (SIF) White Paper has found.
Read More
Transparency in reporting on social issues is a powerful way for businesses to build trust, create accountability, show leadership, and move the dial on seemingly indelible industry-wide issues. It is also a key factor for ESG investors who want to show alignment with increasingly stringent ESG regulations.
Read More
Impact of lockdowns could hold up verification of financial accounts Regulators are warning that reporting of annual results for listed companies could be delayed because of the coronavirus pandemic. The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) said in a joint statement on 27 January that listed companies whose financial year ended […]
Read More
An investment industry initiative set up to help escalate material issues with UK-listed companies has reported its strongest year to date for collective engagement activity. The Investor Forum said 2020 had proved to be a watershed year for the development of its investor stewardship agenda and that it had engaged with more companies than ever […]
Read More
UK govt extends AGM leeway to end of 2020 The UK government has extended flexibility over AGM rules, meaning companies will be able to hold such meetings in Covid-safe fashion until the end of the year. This temporary adjustment to the Corporate Insolvency and Governance Act 2020 was initially introduced to allow greater flexibility for […]
Read More
UK-listed companies offered Covid-19 issuance lifeline UK-listed companies hit by Covid-19 are being given an additional lifeline as the Pre-Emption Group (PEG) extends the easing of its issuance guidelines, allowing more share capital to be raised from shareholders. The PEG, the affiliate of the Financial Reporting Council that provides guidance on fundraisings and rights issues, […]
Read More
The COVID-19 pandemic has placed a renewed emphasis on the ‘social’ aspect of environmental, social and governance (ESG) investing. Companies that place a high priority on the wellbeing of staff are likely to be those that succeed in the long term – a point highlighted by the International Corporate Governance Network (ICGN) in a recent […]
Read More