Iain McDonald to stay on THG board; London Business School’s ethical win; Big Four look to their own governance.
Very few investors use their AGM votes on executive pay as a spur to improve the company’s ESG performance, research shows.
New FRC guidance may affect how investors vote at UK AGMs, so boards should look to build shareholder trust by using their new powers wisely.
M&S chair Archie Norman’s Share Your Voice petition would ‘restrict shareholders’ ability to engage’, says The Engagement Appeal.
FRC chair suggests the Big Four pay more for junior auditors; Toyota chair stays put; call for transparency on fair value; ethical dilemmas.
But shareholder revolts are more likely when both ISS and Glass Lewis make the same voting recommendation, finds FRC research.
UK ‘less optimistic’ on ESG than European boards; holding stock; ethics codes; governance in Japan; can ‘Succession’ tell us how to manage?
Learning lessons from the CBI; US say-on-climate voting enthusiasm dims; calls for higher executive pay… and for pay restraint.
On Twitter, Musk complains that large proxy advisers hold ‘far too much power’ over shareholder voting decisions.
US financial watchdog warns that investment firms using proxy advisers must “ensure the use of advice is consistent with their fiduciary duties”.