Shareholders call on Congress to drop SEC ESG changes
30 April, 2021
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”.
The …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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DoL questions purpose of shareholder voting
The US Department of Labor (DoL) has thrown a new curveball into its approach to governing shareholder rights, questioning the need for asset owners to have their voices heard by companies at all.
Following …
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French proposals to curb shareholder activism spark debate
The French government has been criticised for publishing a report suggesting a crackdown on shareholder activism.
The report, published at the end of last year, comes as shareholders keenly anticipate …
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Unilever: Votes and Voices
Proxy plumbing adds complexity to hotly-contested simplification plan
The proposed Unilever vote in October is raising City eyebrows. When the CIO of a UK insurer takes to the pages of the financial media voicing concerns over …
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