News
Investor relations, 25 July, 2017
AkzoNobel told new CEO Thierry Vanlancker’s position ‘untenable’
Elliott Advisors launches fresh attack on Dutch paint maker over newly appointed chief executive Thierry Vanlancker, claiming it raises “significant legal and reputational risks”.
Computer games, 24 July, 2017
Advisors recommend vote against The Sims chairman
Advisory body PIRC recommends that shareholders vote against the reappointment of Electronic Arts chairman Lawrence Probst.
Japanese investment, 21 July, 2017
Poll shows Japanese boards hesitate to increase shareholder returns
A Reuters Corporate Survey reveals that under a third of Japanese boards plan to boost shareholder returns this year, despite record-high cash balances and a major slowdown in share buybacks.
Sustainable finance, 21 July, 2017
Investors need carbon exposure stress-test, says think-tank
Think-tank concludes that financial firms need to be examined for overexposure to carbon-related assets as part of governance reforms in sustainable finance.
Non-executives, 20 July, 2017
Drax builds sustainability credentials with Nussbaum appointment
Power-generating company Drax underscores its drive for cleaner energy with the appointment of former World Wide Fund for Nature CEO David Nussbaum.
Audit firms rotation, 17 July, 2017
Halfords faces opposition to reappointment of auditor
Shareholders are advised to vote against the reappointment of KPMG over independence concerns at Halfords, the auto parts and bicycle retailer.
ESG, 14 July, 2017
Fiduciary duties must include ‘sustainability risk’, says EU group
The EU’s special expert group concludes that directors’ fiduciary duties should include managing long-term sustainability risk.
Japan investment, 14 July, 2017
World’s largest pension fund GPIF to allocate more to ESG
The Government Pension Investment Fund of Japan (GPIF) is to hike environmental, social and governance (ESG) investment allocation from 3% to 10%.
Remuneration report, 14 July, 2017
Burberry shareholders revolt against executive pay report
Nearly a third of Burberry shareholders voted against the fashion retailer’s remuneration report over concerns about executive pay, including that of outgoing CEO Christopher Bailey.
Malaysian governance, 13 July, 2017
Malaysian boards urged to establish good governance incentive schemes
Securities Commission Malaysia chairman urges boards to incentivise good corporate governance and prioritise long-term value over short-term profit-seeking.