Tag: Glass Lewis
News round-up: this week in governance
Iain McDonald to stay on THG board; London Business School’s ethical win; Big Four look to their own governance.
Say-on-pay votes lack link to sustainability
Very few investors use their AGM votes on executive pay as a spur to improve the company’s ESG performance, research shows.
AGMs: Will changes to pre-emptive rights mean changes in votes?
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.
Campaigners challenge M&S over virtual-only AGMs
M&S chair Archie Norman’s Share Your Voice petition would ‘restrict shareholders’ ability to engage’, says The Engagement Appeal.
News round-up: this week in governance
FRC chair suggests the Big Four pay more for junior auditors; Toyota chair stays put; call for transparency on fair value; ethical dilemmas.
Proxy advisers hold less sway over AGM votes than thought
But shareholder revolts are more likely when both ISS and Glass Lewis make the same voting recommendation, finds FRC research.
News round-up: this week in governance
UK ‘less optimistic’ on ESG than European boards; holding stock; ethics codes; governance in Japan; can ‘Succession’ tell us how to manage?
News round-up: this week in governance
Learning lessons from the CBI; US say-on-climate voting enthusiasm dims; calls for higher executive pay… and for pay restraint.
Elon Musk weighs in against ISS and Glass Lewis
On Twitter, Musk complains that large proxy advisers hold ‘far too much power’ over shareholder voting decisions.
New SEC guidance increases pressure on proxy advisers over disclosures
US financial watchdog warns that investment firms using proxy advisers must “ensure the use of advice is consistent with their fiduciary duties”.