SEC’s back to work priorities: proxy plumbing & human capital reporting

As the SEC returns to work after the shutdown, Commission chairman, Jay Clayton has started to lay out his departments work for the coming year. During a conference call …

US Proxy Plumbing – Eight Years Later

Proxy Plumbing: SEC Re-opens Investigations

Plans to review US proxy plumbing infrastructure “long overdue, but very welcome”.

The Securities and Exchange Commission has announced it will re-examine the US proxy voting system.

The US securities regulator, the Securities and Exchange …

Equilar: US pay survey finds CEO ratio of 140:1

Corporate governance researcher Equilar has found a median chief executive officer (CEO) pay ratio of 140:1 following an anonymous survey of 356 US public companies. Equilar asked the companies how they plan to report on this in their 2018 proxy …

Rio Tinto fined in the UK and charged with fraud in the US

Anglo-Australian mining giant Rio Tinto has been fined £27m by the Financial Conduct Authority (FCA) for breaching UK disclosure rules while the US Securities & Exchange Commission has charged the company and former executives with fraud in relation to the

US senators suggest acting SEC chairman is overreaching his authority

In a sign of disquiet about the acting chair of the US Securities and Exchange Commission (SEC), Michael Piwowar, Democratic Senators have suggested that he has overreached his authority in a letter to the regulator’s inspector general, Carl Hoecker.

The …

Demand for CEO pay ratios intensifies

Demand for CEO pay ratios has increased with initiatives in the US and UK focusing on the discrepancies between director and employee pay and the need for more regulation.

US Democratic Senator Bob Menendez and eight other senators have written…

Speaking out against #corpgov censorship

As the US Presidential battle careers towards its conclusion, the day to day business of law creation proceeds in Washington DC. Of particular interest to investors, indeed anyone with an interest in good governance, is HR5311 the ‘‘Corporate Governance Reform …

US falling behind on sustainability reporting says SEC chair White

Sustainability reporting in the US needs improvement according to the chair of its Security and Exchange Commission, Mary Jo White, in her key note address at the International Corporate Governance Network conference that took place in San Francisco this week.…

SEC says Exxon and Chevron must accept climate change shareholder proposals at annual meetings

The US Securities and Exchange Commission (SEC) has ruled that oil giants, ExxonMobil and Chevron, need to include shareholder proposals at their AGMs requesting information on the impact on their businesses of the policies on reducing carbon emissions and responding …

US proxy season looks set to be dominated by pay & diversity

Anticipation that the US Securities and Exchange Commission is due to finalise three remaining Dodd-Frank Wall Street Reform and Consumer Protection Act compensation rules as well as recent rulings from Delaware Courts will keep executive pay in the spotlight during …