In 2023, governance became an issue for us all: ESG is now a loaded term, while the spectre of AI is raising everyone’s game.
New FCA rules on ESG claims; psychologically safe board communications; IT and governance; how workers improve financial reporting.
The number of shareholder proposals calling for a vote on severance packages has skyrocketed, finds proxy adviser ISS.
Researchers find ESG policies get conveniently forgotten when the stakes are high, citing the sale of Twitter as a case in point.
FRC sets enforcement record; examining Tesla and Twitter; Coutts and Farage; ClientEarth pursues Shell; greenwashing litigation risks.
Shareholders with a controlling interest influence not only financial matters but can also wield great power over policy and politics.
Academics and experts argue stakeholder governance will always come second while the law puts the interests of shareholders first.
On Twitter, Musk complains that large proxy advisers hold ‘far too much power’ over shareholder voting decisions.
The company’s failure to consider in advance those affected by the deal does not bode well for stakeholder governance, write academics.
The high-profile lawsuit brought by Twitter against Elon Musk raises an issue close to all board members’ hearts.