Dalriada Trustees selects Minerva for implementation statements reporting

Dalriada Trustees selects Minerva for implementation statements reporting Dalriada Trustees, one of the UK’s largest independent trustee firms, has selected Minerva Analytics to carry out vital duties for its pension fund clients related to the newly introduced implementation statement. Dalriada, which operates out of seven UK offices, has appointed Minerva to assess its external asset […]

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

For some companies, the ability for shareholders to have a voice is a source of constant annoyance. For proxy voting agents, such as Minerva, understanding the rules of the game and where the lines are drawn is key. Shareholder rights and stewardship are protected by law. In the US for example, the Securities Exchange Act […]

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Shareholder Rights Directive pensions trustees

The UK government has outlined what it expects of pensions trustees under the new Shareholder Rights Directive II (SRD II), in an announcement made this month. SRD II was introduced to improve transparency and stewardship of occupational pensions schemes so members and stakeholders could better understand their investments. The schemes are required to document and […]

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The social cost of failed stewardship “Eye-watering and unjustified CEO pay packages are corrosive of trust in business and threaten to undermine the public’s support for the way our economy operates.” That’s the conclusion of Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy (BEIS) Committee following publication of the Committee’s Eighteenth Report […]

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FCA logo

FRC and FCA target new, rigorous stewardship regime, SRDII implementation begins, ESG resourcing questioned In the latest round of consultations and discussion documents, the UK’s governance and financial markets regulators have laid out their “substantially higher expectations for investor stewardship policy and practice.” Having engaged with 170 members of the investment community, the FRC’s proposed Code […]

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BlackRock is among the companies targeted for its lobbying payments

A coalition of at least 74 investors has filed resolutions at 50 US companies asking for more disclosure of payments for lobbying, including to trade associations. The resolutions have been coordinated by Walden Asset Management and American Federation of State, County and Municipal Employees (AFSCME). Walden and the AFSCME said the 2018 resolutions had been filed […]

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climate risks

The chair of the UK’s House of Commons Environmental Audit Committee has written to the top 25 pension funds in the UK to ask how they manage climate risks and their potential impact on pension savings as part of its inquiry into green finance. This follows the endorsement by the British government of the Task-Force on […]

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lobbying

The US investment giant, BlackRock, has stated that is responding to the recent school shooting in the US by engaging with firearms manufacturers and retailers to understand what they are doing to reduce the risk of this kind of event happening again. BlackRock said there are three publicly traded companies in the US whose primary business […]

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UK corporate governance code

There continued to be a focus on executive pay in 2017 by shareholders of FTSE 350 companies data from Manifest for the Pensions and Lifetime Savings Association’s (PLSA) AGM voting review showed. The PLSA stated that the executive pay awards continued to be the most controversial aspect of corporate governance, with the figures of significant remuneration-related […]

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climate risks

The Investor Agenda, which provides a framework for investors to take action to tackle climate change, has been launched. The plan was developed by seven organisations promoting carbon reduction and responsible investment:  Ceres, Asia Investor Group on Climate Change, CDP,  Investor Group on Climate Change, Institutional Investors Group on Climate Change, Principles for Responsible Investment and UNEP Finance Initiative. Ceres recently […]

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