SEC lambasted over shareholder rights change as companies fail to meet ESG targets The US Securities and Exchange Commission (SEC) has come under fire from investor groups after it voted to adopt amendments to its shareholder proposal rules. In what is being seen by investors as a major blow for corporate transparency and shareholder democracy, the SEC […]
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Investor group urges SEC to reopen proxy rules comment period A group of investors is calling on the SEC to reopen the comment period on amendments to shareholder proxy rules after new data was submitted by its Division of Economic and Risk Analysis (DERA). The DERA data, submitted on August 14, revealed that changes to […]
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Dalriada Trustees selects Minerva for implementation statements reporting Dalriada Trustees, one of the UK’s largest independent trustee firms, has selected Minerva Analytics to carry out vital duties for its pension fund clients related to the newly introduced implementation statement. Dalriada, which operates out of seven UK offices, has appointed Minerva to assess its external asset […]
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Proxy vote confirmations one step closer as UK publishes SRDII implementation plans The UK government has published the full text of its planned Shareholder Rights Directive (SRD II) legislation as it moves closer to bringing the new rules into law. Despite the country’s exit from the European Union, the UK has been working on incorporating […]
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Neuberger Berman commits to advance proxy disclosure Neuberger Berman has become one of the first major asset managers to commit to advance proxy voting disclosures. It announced this week that it would publicly state beforehand how it plans to vote on select proposals at upcoming AGMs. The initiative, called ‘NB25+’, will see the asset manager […]
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For some companies, the ability for shareholders to have a voice is a source of constant annoyance. For proxy voting agents, such as Minerva, understanding the rules of the game and where the lines are drawn is key. Shareholder rights and stewardship are protected by law. In the US for example, the Securities Exchange Act […]
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A war of words has broken out between investors and the Securities and Exchange Commission (SEC) following the regulator’s controversial proposal to amend its proxy voting rules. On 5 November, the SEC proposed new changes to how proxy advisory firms operate – with some criticising the move as a way to limit investors’ ability to hold public companies accountable. Under the proposed changes, proxy advisory firms would […]
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New website aims to prevent investor rights erosion With the SEC set to announce new rules on proxy voting this week, a new website has launched for organisations concerned about the erosion of investor rights. A quick browse of InvestorRightsForum.com shows why it deserves some attention. Backed by established names such as the Forum for […]
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Solactive makes strategic investment in European governance, sustainability and proxy voting firm, Minerva Analytics. Solactive announces the completion of a strategic investment in Minerva to accelerate growth of the electronic voting, stewardship and ESG research services firm. Following the deal’s completion, Minerva will build-out its research and client service capability through Solactive’s offices in Frankfurt, […]
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Four billion reasons not to fix the proxy plumbing Can the SEC resist the lobbying deluge and restore essential share ownership rights? Since the GFC, regulators have been working to make markets and economies safer. Part of that process has been to encourage market disruption by fostering better competition and increasing diversity. Now it’s time […]
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