The chairman of the US Securities and Exchange Commission (SEC) Jay Clayton has used a speech on governance and transparency at the PLI 49th Annual Institute on Securities Regulation in New York to propose that the regulator reviews the proxy …
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Sustainable investment specialist, Walden Asset Management, has withdrawn a resolution due to be voted on at a Vanguard mutual fund meeting in November. The resolution had challenged the proxy voting records on shareholder resolutions addressing significant social and environmental
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The Task Force on Climate-related Financial Disclosures (TCFD) set up by the Financial Stability Board will be publishing its final recommendations on Monday (29th June).
This follows a consultation on its initial report which was published in December which the …
Read MoreShareholders back management on climate change
Shareholders in oil giant Shell overwhelmingly gave their backing to management and its approach to planning for a transition to a low carbon economy at its AGM this week (23rd May). The voting results…
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The Royal Bank of Scotland (RBS) has refused to back down on a decision not to allow a shareholder resolution, calling on the bank to establish a shareholder committee.
The resolution, to be proposed at RBS’ AGM later this …
Read MoreBesieged retailer Sports Direct has responded to further criticism of its governance practices. This time it is the poor standard of its board evaluation procedures which Manifest’s recent AGM report has flagged as a clear breach of the UK Governance …
Read MoreThe German investors’ association, DSW, has tabled a shareholder resolution to be considered at next month’s AGM of carmaker Volkswagen (VW), which is proposing a special audit into the actions of its directors in respect of the ‘dieselgate’ scandal. Last …
Read MoreShareholder resolutions requesting reporting on how oil companies ExxonMobil and Chevron will adapt to climate change targets received record investor backing at their AGMs last week (25th May), according to US pressure group, Ceres.
The resolution that would have required …
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