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 …

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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
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The EU’s High-Level Expert Group (HLEG) on Sustainable Finance, set up by the European Commission in December 2016, has produced its final recommendations. The Commission has pledged that these proposals will form part of its sustainable finance action plan …

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gender gap

Justin Trudeau, prime minister of Canada, speaking at the World Economic Forum annual meeting in Davos, called for global firms to address the gender gap.

Trudeau, highlighted the increasing demands for businesses to play a positive role in society,

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lobbying

Larry Fink, chairman and chief executive of BlackRock, has stated his commitment to the role of the global investment giant as a steward for the companies in which it invests in his annual letter to chief executives.

As a …

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Financial Reporting Council

The UK’s Financial Reporting Council (FRC) has published the findings of a survey of its stakeholders in which many call for more transparency in its internal processes and state that its current enforcement activities are too slow.

The FRC said …

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New York City climate change

New York City Mayor Bill de Blasio, has announced that the city has filed a lawsuit against the five largest investor-owned fossil fuel companies as measured by their contributions to global warming.

New York will be seeking damages from BP,

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CalSTRS Jana Partners Apple

Activist institutional investors, the public pension fund CalSTRS and Jana Partners, have begun a campaign calling on the technology giant, Apple, to consider the evidence that children that are excessively using electronic devices, such as its I-phone, may be …

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US climate resolutions

Four of the top ten largest asset managers in the US voted in support of a climate change-related shareholder resolution for the first time ever during 2017 research by Fund Votes for the pressure group, Ceres has found.

The asset …

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Investment Association shareholder rebellion register

The Investment Association (IA), which represents the UK’s asset management industry, has launched its public register of listed companies which have had significant shareholder rebellions. The IA proposed its development in its response to the government’s green paper on corporate

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