Tag: ISS
US boards increase engagement with investors’ ESG concerns
The number of withdrawn proxy proposals relating to the environment has risen significantly, suggesting boards are taking investor views more seriously.
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.
‘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.
Investor representative pushes for vote against Shell remuneration
Investor advisers push for a vote against Shell’s remuneration report, citing performance and safety concerns.
ISS advocates AGM vote abstention for ex-Carillion audit chair Andrew Dougal
Governance adviser ISS recommends to clients they abstain from voting in favour of Andrew Dougal’s reappointment at Victrex, until his role in Carillion’s collapse is clarified.
RBS faces concern over diversity and pay ahead of AGM
Shareholders will be advised to vote against RBS’s pay policy and the reappointment of its chairman at the bank’s AGM this week.
Barclays’ CEO risks shareholder backlash over whistleblowing scandal
Proxy advisers have proposed that shareholders abstain from voting on the reappointment of Barclays’ chief executive Jes Staley, following his attempt to uncover the identity of a whistleblower.
Wells Fargo directors a week away from critical vote
Proxy advisers have already proposed that investors vote against the reappointment of chairman Stephen Sanger.