Tesla shareholders will once again vote on Elon Musk’s record-breaking $56 billion pay package after it was voided by a judge.
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Santos Ltd holds its 2023 AGM on 6 April and has faced shareholder criticism over its climate ambitions and executive remuneration.
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BEIS aims to ‘restore’ investor trust in audit and corporate governance Audits could look at companies’ wider performance, including against key climate targets A government consultation is seeking views on a series of proposals to reform the UK’s audit, corporate reporting and corporate governance system, in an effort to “restore trust” and “empower investors”. In […]
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Guy Jubb: AGMs have lost their sense of purpose Ex-Standard Life Investments governance head argues meetings should be complemented by continual dialogue Guy Jubb, former head of governance at asset management giant Standard Life Investments, claims AGMs have lost their sense of purpose and need urgent reform. Making his comments in a blog for the […]
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Investors file resolution calling on bank to publish strategy and targets Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels. Fifteen institutional investors with a combined $2.4trn in assets under management, along with 117 individual shareholders, have filed a climate […]
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Watchdog highlights widespread box-ticking by UK plc FTSE-listed companies are treating corporate governance as a box-ticking exercise and failing to meet stakeholder expectations in their reporting, according to the Financial Reporting Council (FRC). The FRC’s Review of Corporate Governance Reporting 2020 revealed a general inconsistency and that companies were not provided high quality and transparent […]
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Edelman: ESG key to rebuilding investor trust post Covid-19 ESG criteria still championed by investors despite retrogressive attitude from policymakers Environmental, social and governance (ESG) will play a crucial role in rebuilding trust between companies and the investment community, the latest Edelman Trust Barometer has found. This comes after suggestions ESG was temporarily deprioritised by […]
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EC corporate governance report draws criticism The European Commission report on directors’ duties and sustainable corporate governance, published earlier this year, is drawing heavy criticism from law experts. Writing on the Oxford Business Law blog, the European Company Law Experts Group said the study is “not a document on which to base sustainable proposals for […]
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UK govt extends AGM leeway to end of 2020 The UK government has extended flexibility over AGM rules, meaning companies will be able to hold such meetings in Covid-safe fashion until the end of the year. This temporary adjustment to the Corporate Insolvency and Governance Act 2020 was initially introduced to allow greater flexibility for […]
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Spanish “loyalty shares” draw central bank criticism The Bank of Spain has emerged as part of almost unanimous opposition to its government’s proposed introduction of so-called loyalty shares for listed companies. According to El Pais, in its response to a consultation on a new securities and finance bill, the central bank said it could see the potential drawbacks of the proposal much more clearly […]
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