FCA proposals will ‘roll back’ governance and mean ‘weaker voting rights’, writes global investor stewardship body.
‘More people believe in aliens than know about ESG’; court cases against Shell; ICGN challenge to Japan’s gender diversity targets.
Lonely leadership; how governance helps in a crisis; Kerrie Waring to depart ICGN; ESG and competitiveness may not go together
M&S chair Archie Norman’s Share Your Voice petition would ‘restrict shareholders’ ability to engage’, says The Engagement Appeal.
Avoid virtual-only annual general meetings: although pragmatic in an emergency, they water down shareholders’ rights.
Representatives of US pension funds are ‘disappointed’ that dual-class structures have been allowed to return to S&P Global Indices.
The ICGN also seeks clarity on what role boards will play in supervising due diligence under the forthcoming EU directive.
Virtual-only AGMs can damage shareholders’ rights and reduce accountability, according to the International Corporate Governance Network.
As COP15 in Montréal strives to protect ecosystems, investors are already showing concern about the risks to business of biodiversity loss.
The report recommends pushing ahead with dual-class shares on the London Stock Exchange, with a consultation on the proposals to follow.