Investors vote on the first of three shareholder resolutions proposed at Rio Tinto, Anglo American and Glencore AGMs this week calling for reporting by these mining companies into how they are managing carbon emissions and investing in low-carbon energy research and development. Rio Tinto at its AGM last Thursday (14th April) was the first company […]
Read MoreRailpen veteran, Frank Curtiss, who was most recently been its head of corporate governance, has retired. The pension fund has been at the forefront of active institutional investment and was one of the first to vote actively on its equity holdings in the UK and published a voting and corporate governance policy in 1992. Curtiss joined Railpen in […]
Read MoreAnticipation that the US Securities and Exchange Commission is due to finalise three remaining Dodd-Frank Wall Street Reform and Consumer Protection Act compensation rules as well as recent rulings from Delaware Courts will keep executive pay in the spotlight during 2016, according to Vivien Coates of law firm, Womble Carlyle Sandridge & Rice. Coates said that due to increased scrutiny […]
Read MoreHong Kong’s Securities and Futures Commission (SFC) has introduced voluntary principles to provide guidance on how investors should fulfil their ownership responsibilities when investing in Hong Kong listed companies. The SFC has published revised principles and responded to a consultation it held last year on its Principles of Responsible Ownership. Investors who choose not to adopt these principles are encouraged […]
Read MoreAs automatic-enrolment workplace pensions are rolled out to more employees UK pressure group, ShareAction, which campaigns to achieve ‘an investment system that truly serves savers and communities, and protects our environment for the long term’, has produced its first benchmarking survey of the market. The nine leading pension providers in this market were examined and an overall benchmark score […]
Read MoreAudit committees are increasingly overloaded and UK companies are looking at other way to monitor corporate responsibility (CR) and sustainability issues, according to a report published by the Institute of Business Ethics (IBE). An IBE survey of the FTSE 350 carried out with the support of the ICSA: The Governance Institute and Mazars found that […]
Read MoreChemring Group, a specialist designer and manufacturer for the aerospace, defence and security industries, that was forced to engage with shareholders last year following a high level of dissent at its AGM over its remuneration practices may still not have done enough to meet investor concerns. Last year there was a large 48.02% vote against its […]
Read MoreFollowing Manifest’s analysis of the extent of illegal dividends paid by UK listed companies [22-Jan-16] the Institute of Chartered Secretaries & Administrators (ICSA) the Financial Reporting Council have issued bulletins to remind companies of their legal responsibilities. Jennifer Walmsley, the FRC’s director of investor engagement, writing on Linked-In, drew attention to the Reporting Lab’s report “Disclosure […]
Read MoreMost companies in the UK’s FTSE350 have met the requirements of the recent changes to the Companies Act to report more fully on environmental matters and to report on Greenhouse Gas (GHG) emissions within their annual reports and accounts, according to a study by the Climate Disclosure Standards Board (CDSB). However, the CDSB, an international consortium of business and environmental […]
Read MoreJKX, the London-listed oil company has seen its entire board being replaced following years of questionable corporate governance and poor performance. Proxima Capital, JKX’s third largest shareholder managed to secure over two thirds of the votes cast at a special meeting of JKX shareholders held on Thursday with their proposals to replace most of the […]
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