Tag: Glass Lewis
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”.
Top proxy advisers sign up to new code of practice
Glass Lewis, ISS, Manifest, Proxinvest and Pirc agree to abide by new principles that sees them reveal policies for managing potential conflicts of interest.
European companies embrace climate governance
A report from Glass Lewis has found that while corporate governance measures are addressing climate change, companies vary in how they are tackling the issue.
‘Repeat offenders’ warned to heed shareholder revolts
The Investment Association has written warning letters to 32 “repeat offender” companies who saw revolts over the same issues for two years running.
Battle for the future of proxy advisers
The US is witnessing a fraught debate over the role of proxy advisers, including efforts to introduce new regulation. The debate continues this week at a Securities and Exchange Commission roundtable.
Global warming: business on the front line
The IPCC’s stark warning about the rate of change needed to restrict global warming to no more than 1.5℃ intensifies the pressure on business.
Amazon faces calls to separate CEO and chairman roles
Consumer campaign group says there is a conflict of interest in Jeff Bezos holding both the CEO and chairman roles at Amazon.
Adviser concern builds for executive pay at Persimmon
Shareholder advisers issue guidance on pay settlement at UK’s second-largest housebuilder, Persimmon.