Tag: activist investors
Ericsson faces shareholder ire over Iraq investigation
Reports say investors including Cevian and Norges Bank will vote against a resolution to discharge board liability over compliance breaches.
Shell faces shareholder litigation over climate risk
Campaign group ClientEarth claims board members have breached their directors’ duties by failing to “properly prepare” for climate change.
News round-up: this week in governance
Investors will be “assertive” in 2022; Carl Icahn fights for animal rights at McDonald’s; and childhoods spent in nature make greener CEOs.
News round-up: this week in governance
Unilever’s green goals under fire; activists demand board changes; KPMG faces FRC over Carillion; State Street urges clarity on net zero.
Elliott Advisors calls for restructuring of the SSE board
The hedge fund has questioned the adequacy of SSE’s corporate governance and criticised the board’s “notable lack of renewables expertise”.
Investor activism set to enter ‘golden age’ as firms emerge from pandemic
Consultancy Alvarez & Marsal says 2022 will see a 10% boost in activism across Europe, with 148 companies at risk of targeting by activists.
News round-up: this week in governance
Breaking things vs fixing things; BlackRock and proxy voting; THG governance changes; warning over “tricky” TCFD scenarios.
Gen Z investors’ focus on ethics and ESG poses a challenge for boards
EQ poll reveals 18% of all UK/US retail shareholders are Generation Z—and 80% of them factor ESG issues into their financial decision-making.
ESG activism ‘likely to proliferate’ following ExxonMobil vote
Academic argues that the Exxon/Engine No.1 case could be a template for how to make companies confront climate risk.
Activists set their sights on underperforming AIM boards
A new paper suggests that AIM rules should be revised to encourage activism and better protect the interests of minority shareholders.