Tag: shareholders
Executive pay guidelines declare the need for ‘case-by-case’ assessment
There should be a ‘clear rationale’ that aligns remuneration with a firm’s purpose, values and goals, says the Investment Association.
Call to reduce ‘burden’ of UK Stewardship Code
London’s Capital Markets Industry Taskforce asks watchdog to move from ‘apply and explain’ model to ‘comply or explain’.
BlackRock declines to support anti-ESG shareholder resolutions
Fund manager refuses to back resolutions “seeking to roll back efforts to address material sustainability-related risks”.
US boards show dip in performance
C-suite executives lack confidence that their boards can cope with rapidly evolving business risks, survey results suggest.
Musk’s pay deal meets opposition
With Tesla’s AGM imminent, proxy advisers Glass Lewis advise shareholders to reject ‘excessive’ pay package for the carmaker’s CEO.
LSE chief claims remco chairs willing to suffer ‘naughty step’ for higher executive pay
Julia Hoggett says Capital Markets Industry Taskforce’s campaign to enhance CEO pay is winning converts.
Norges Bank reinforces ESG standpoint
CEO Nicolai Tangen underlines that caring about companies’ environmental impact makes for ‘good long-term investing’.
Opposition to dual-class shares resumes
Proposals to lessen the restrictions on dual-class shares are again met with investor protests over board accountability.
Business leaders call for election promises on audit reform
The Institute of Directors’ ‘Manifesto for Business’ also seeks change to section 172 to promote company purpose.
Ethical standards put in place for sustainability audits
In a move to boost sustainability assurance and cut greenwash, auditors are given ‘a clear framework of expected behaviour’.