Vanguard takes big names to task over pay and climate policies
Uber, Ocado, Alphabet and Rio Tinto are among the companies named in the global asset manager’s report into governance concerns.
Uber becomes a public company via an IPO on the New York Stock Exchange in May 2019. Image: NYCStock/Shutterstock
The world’s second largest asset manager has, for the first time, gone public on the companies it is engaging with and the issues at the top of its agenda.
In an annual report published this week, Vanguard—which has $6.3trn under management and is usually tightlipped about the targets of governance concerns—named names and issues at the heart of its engagement work.
While the fund manager has sought to understand how boards are coping with Covid-19, at the top of its agenda are concerns with board composition, disclosure—especially on climate change and diversity—executive pay and shareholder rights.
Indeed, on publishing i
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