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 TCFD said had generated 320 responses from respondents in 30 countries. The TCFD said it had […]
Read MoreBoard diversity and gender pay equity were key themes for the 2017 proxy season in the US, according to the annual review by the EY Center for Board Matters. The report noted that this year’s proxy season was notable for the launch of the US stewardship code in February and the emergence of proxy access as standard […]
Read MoreDiandra Soobiah, Senior Research Analyst at NEST, the UK government’s auto-enrolment pensions provider has argued for pension funds to work together to encourage companies to improve their disclosure of human capital information. In an article written for Professional Pensions and available on the trade union Unite’s pensions activist website Soobiah said that the adoption of automatic […]
Read MoreResponsible investment pressure group ShareAction has taken over the Asset Owners Disclosure Project (AODP), which has worked to improve the management of climate risk investors have in their portfolios and to improve the level of disclosure about those risks. For the past 10 years, the AODP has ranked the climate-related financial disclosures of the world’s largest […]
Read MoreThe International Corporate Governance Network (ICGN), has written to the Dutch Economic Ministry and to the Dutch House of Representative’s economic affairs committee to express its significant concerns relating to the new legislation regarding takeover bids in the Netherlands. This was outlined in a letter of Minister Kamp to the Chair of the House of Representatives […]
Read MoreRoyal London Asset Management (RLAM), voiced concerns about the unusual remuneration and board structure of Glencore ahead of its May 24 AGM. The voting results show RLAM’s concerns may have been shared by other shareholders. While all Glencore’s resolutions were carried, the figures showed dissatisfaction with the board with the nomination committee chairman Peter Grauer polling 13.92% vote […]
Read MoreOil giant Shell is facing a shareholder resolution at its AGM next week (23rd May) calling for it to set and publish targets for reduction of its greenhouse gas emissions (GHG) that are aligned with the Paris Climate Agreement goal of reducing global warming to two degrees celsius. The resolution suggests that following the management […]
Read MoreResponsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders. ShareAction said that the remuneration for executives at both oil companies is rewarding the achievement of corporate strategies which could put shareholder value […]
Read MoreGuidance on Stewardship Code for institutional investors in Japan to perform their duties effectively has been published by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation as part of its series on Fiduciary Duty in the 21st century. The Japan Roadmap outlines recent developments led by the government […]
Read MoreThe charter signatories to the Best Practice Principles for Shareholder Voting Research & Analysis (the BPP Group), which includes Manifest, will review its principles by the end of 2017 following a public consultation overseen by Chris Hodge, the new independent chairman of the BPP Group’s review committee. The update will include addressing the transparency requirements for proxy […]
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