The UK’s Financial Reporting Council (FRC) has written to institutional investors highlighting the key issues they should be considering ahead of the peak season of company shareholder meetings. The letter from Stephen Hadrill, FRC chief executive, reminded investors that this is the first year of enhanced reporting on risk and internal control and the inclusion of a […]
Read MoreHong Kong’s Securities and Futures Commission (SFC) has introduced voluntary principles to provide guidance on how investors should fulfil their ownership responsibilities when investing in Hong Kong listed companies. The SFC has published revised principles and responded to a consultation it held last year on its Principles of Responsible Ownership. Investors who choose not to adopt these principles are encouraged […]
Read MoreActivist investors in the US were watching the outcome of shareholder resolutions at the annual general meeting (AGM) of technology giant, Apple, on Friday (26th February). One of the proposals was seeking greater powers for investors to be able to nominate their own directors and this to be voted on by shareholders at their AGMs, so-called […]
Read MoreThe chairman and chief executive of investment giant, BlackRock, Larry Fink has written to the chief executives of major companies in the US and Europe encouraging them to think long-term and to provide their shareholders with more forward-looking plans. Fink wrote a similar letter last year, suggesting that companies have yet to take enough notice of […]
Read MoreCompliance with the UK Corporate Governance Code remains high,with 90 per cent of the FTSE 350 complying with all but one or two provisions, according to the Financial Reporting Council (FRC) in its report, Developments in Corporate Governance and Stewardship 2015. Data compiled by Manifest on behalf of the FRC shows that, in respect of board and […]
Read MoreThe UK’s top companies look set to meet targets to increase the number of women on their boards according to the latest FT–ICSA Boardroom Bellwether survey. This follows the Davies Review which found that within the FTSE 100 a milestone of 25% of board positions being filled by women had been met this year – a target set by […]
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 MoreAs the countries taking part in the UN Climate Change Summit, COP 21 in Paris, struggled to reach agreement 114 major companies including Coca-Cola, Dell, Kellogg, Procter & Gamble and Sony pledged to set emissions reduction targets in line with what scientists say is necessary to keep global warming below the dangerous threshold of 2 degrees Celsius using criteria approved […]
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 MoreAfter what has probably been the most exhausting proxy season for investors and issuers alike, the regulatory momentum shows no sign of easing. The new UK Corporate Governance Code goes live for all companies reporting to shareholders on or after 1 October 2014. Regarding the changes, the Financial Reporting Council (FRC) CEO Stephen Haddrill commented […]
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