The qualified pool of chief executive (CEO) talent to run the largest publicly traded companies in the US is incredibly small, according to the directors who sit on the boards of these companies according to recent research by Stanford Graduate School of Business and The Rock Center for Corporate Governance. The 2017 CEO Talent Survey is […]
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Anglo-Australian mining giant Rio Tinto has been fined £27m by the Financial Conduct Authority (FCA) for breaching UK disclosure rules while the US Securities & Exchange Commission has charged the company and former executives with fraud in relation to the acquisition of a coal mine in Mozambique in 2011. Rio Tinto is also being investigated […]
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Sustainable investment specialist, Walden Asset Management, has withdrawn a resolution due to be voted on at a Vanguard mutual fund meeting in November. The resolution had challenged the proxy voting records on shareholder resolutions addressing significant social and environmental issues. As one of the largest fund managers in the world Vanguard’s proxy voting record has […]
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No, says veteran US corporate governance activist James McRitichie, In his blog, CorpGov.net, Jim emphatically rebuts the claims made in a paper recently published by the US Chamber of Commerce’s Center for Capital Markets Competitiveness which argues that the US regulation regarding shareholder resolutions needs reform in order to “improve long-term company performance and investor confidence“. The […]
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The Interfaith Center on Corporate Responsibility (ICCR), a coalition of US institutional investors that engage companies on the environmental and social impacts of their operations, has urged US Senators not to pass the Financial CHOICE Act. The ICCR sent a letter to all Senators explaining why investors oppose the proposed law which was passed by the House of […]
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 MoreAmerican companies, responsible investment campaigners and city mayors have voiced their support for the Paris climate change agreement after President Donald Trump confirmed he would withdraw the US from the accord. During his election campaign last year Trump had suggested scepticism about climate change and efforts made by the Obama administration to move the US to generating more […]
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CtW Investment Group, the US corporate governance adviser to trade union pension funds (Taft Hartley funds), has suggested that investors should vote against the re-election of three of Caterpillar’s directors and in favour of a shareholder resolution proposing that the company’s clawback policy to include events that may result in reputational damage to the company at […]
Read MoreThe US Council Institutional Investors (CII) and individual institutional investors have voiced their continued opposition to the Financial CHOICE Act, which has been proposed and passed by the House of Representatives’ Financial Services Committee. The CII and over 50 institutional investors delivered letters opposing the provisions of the Financial CHOICE Act that they believe would hurt […]
Read MoreThe US Council of Institutional Investors (CII) has voiced its opposition to aspects of the Republicans’ Financial CHOICE Act which was formally introduced by the House of Representatives’ Financial Services Committee Chairman Jeb Hensarling this week. Hensarling believes the Act is a replacement for what he terms the “failed” Dodd-Frank Act which was enacted in the wake of the […]
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