With Australian AGM season around the corner, ESG issues look set to take centre stage as shareholder activism on environmental and social issues increases. This blog article is based on analysis from Minerva’s upcoming Australia Peak Season Preview briefing – contact hello@minerva.info for more information. 

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GPIF scales up stewardship expectations

Investors in Japanese listed companies pushed boards on director independence, diversity, and climate change in this year’s proxy voting season, according to a new review.

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Turning Point, Winds of change

In the wake of major events affecting oil companies in recent weeks, we look at the market reaction and the longer-term implications.

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A coalition of almost 200 US shareholder groups has launched a campaign to overthrow new SEC rules that they claim are an “an attack on corporate democracy”.

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Shareholders, rights

The directive, launched in September 2020, has been troubled by inconsistencies Better Finance, the European financial services NGO, has launched a survey of shareholders after the Shareholder Rights Directive II (SRD II) encountered teething issues shortly after launch. The European Commission introduced SRD II legislation in September 2020 to facilitate the rights of shareholders across […]

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Investors warn dual class shares ‘erode’ shareholder rights

Investors warn dual class shares ‘erode’ shareholder rights  Lord Hill’s review recommends controversial structure to make London more attractive Critics have warned that dual class share structures, set to be introduced on the premium listing segment of the London Stock Exchange to draw international IPOs, will dampen shareholder rights. Lord Hill’s ‘UK Listing Review’, published on […]

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RPMI Railpen urges government to protect shareholder rights

The UK pension investor among those demanding government protects minority shareholders in its listings review RPMI Railpen, the investment manager for the railways pension schemes, is urging the government to protect minority shareholder rights in its response to HM Treasury’s Call for Evidence – UK Listings Review. HM Treasury launched the UK Listings Review in […]

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DWP launches pension scheme voting task force Minister noted time was up to wait for industry to make a change Pensions Minister Guy Opperman has announced the establishment of the Taskforce on Pension Scheme Voting Implementation, with a focused remit to help trustees and in-house teams stay in control of their shareholder rights. The taskforce, […]

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SEC forms climate and ESG taskforce

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

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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