CEOs standing on equal pay piles

25 November, 2020

Decrease in CEO pay variation blamed on ‘reciprocal benchmarking’

Attention around executive remuneration is usually focused on rocketing pay deals. Now researchers have unearthed a new phenomenon in the US: a dramatic fall in variation. Academics from the Nether...
Rio Tinto

11 September, 2020

Governance week: Rio Tinto, ESG, climate risk, Aussie audit

Fallout for Rio Tinto The equivalent of going nuclear in governance is clearing out a company’s leadership. This week investors managed to detonate a bomb under Rio Tinto when the chief ex...
Businessman looks at green graph showing growth

7 September, 2020

US rule change sets up clash with proxy advisers

A war of words has broken out over the latest efforts to regulate proxy advisers and their ability to vote on ESG (environmental, social and governance) issues in the US. The latest episode comes a...
star rating

7 January, 2020

ISS governance rating downgrade ‘can hit share performance’

Proxy advisory firm Institutional Shareholder Services (ISS) is well-known for the impact of its controversial voting advice. But new research has revealed the power of its corporate governance rankin...
shareholder vote, shareholder dissent

13 November, 2019

ISS policy change puts nomcos under pressure to boost gender diversity

The chairs of UK nomination committees (nomcos) could face the ire of shareholders over gender diversity on their boards after proxy advisers
SEC seal

1 November, 2019

ISS launches lawsuit against the SEC over proxy adviser guidelines

A battle in the US over corporate governance advice provided by proxy advisers has reached a new twist with one of the market’s most prominent players,
SIngle red chair in a white boardroom

16 September, 2019

Board independence revealed as key issue for investors in 2020

The independence of company chairs in Europe could figure heavily in the deliberations of one of the chief proxy advisers as it formulates its policies for the 2020 season of annual meetings.
SEC, Securities and Exchange Commission

23 August, 2019

New SEC guidance increases pressure on proxy advisers over disclosures

For those who campaigned for tighter regulation, it will be viewed as a victory. The top financial watchdog in the US has issued a document that will up the pressure on proxy advisers to disclose more...
stocks, asset management, shares, investor engagement

22 July, 2019

Top proxy advisers sign up to new code of practice

Proxy advisors this week took an important toward demonstrating they have heard recent criticism as some of the largest became signatories to a new code of best practice. Complaints about proxy adv...
proxy advisers, stock markets, share

12 November, 2018

Battle for the future of proxy advisers

Equating the current US debate over the future of proxy advisers to a civil war seems like a metaphor too far in the current febrile state of US politics. Some observers have, however, drawn the compa...