Tag: US
News round-up: this week in governance
Bluebell Capital targets BlackRock’s Fink; EY boasts of audit independence; firms ‘face higher audit costs’; when the CFO sounds like the CEO.
US moves to link ESG and executive pay
Wall Street trend is to tie reward to ESG performance, especially in terms of diversity, equity and inclusion, finds research.
News round-up: this week in governance
Shared audit’s £1bn cost; failed UK energy firms had no internal audit; governance rules for all; is climate risk reporting an SEC matter?
Twitter’s sale to Elon Musk leaves stakeholder governance high and dry
The company’s failure to consider in advance those affected by the deal does not bode well for stakeholder governance, write academics.
US companies face governance issue over abortion rights
Some corporates have supported employees’ rights, while still donating to Republicans who support the reversal of Roe v. Wade.
US passes clawback rules
Regulators have moved on clawbacks in Washington while the UK has them under review.
Investors call for sustainability standards to take in ‘double materiality’
Asset managers want the ISSB to include proposals for companies to report their impact on the environment.
News round-up: this week in governance
Decarbonising ‘brown’ industries; funds pulled from BlackRock; the legitimacy of dual class shares; investors slow to address sustainability.
Experts clash over ESG investment ‘agenda’
US professor slates PRI for ‘undue influence’ on the financial markets, while PRI maintains the need to inform investors on ESG.
Meta faces US lawsuit over its corporate governance
A Meta stockholder alleges that the company’s business model failed to consider the risks to society and to ‘diversified stockholders’.