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ICCR publishes its proxy resolutions for 2012.
RI’s regular review of governance developments

Canada’s Teachers gets specific on remuneration
RI’s regular round-up of govenrance and engagement news

Pharma giant commits to “future dialogue”

US regulator to issue ruling in coming months.
15 most blacklisted companies listed by large investors.

Government issues measures to address pay “disconnect”

Lawyers exploit Dutch Court of Appeals to get shareholder damages.

Shareholder resolutions tabled at 40 blue chip companies
RI’s regular round-up of governance and engagement news

German company faces ‘reputation risk’ say investors as DoJ reviews Foreign Corrupt Practices Act.

Long-awaited government pay proposals to be unveiled by Business Secretary Vince Cable

Proposal to vote on ‘forward-looking’ pay policy floated.
RI’s regular review of governance and engagement developments

Canadian investor hires engagement specialist from mutual fund firm

PM Cameron says there is a market failure on pay, so let the ‘market’ decide!

Goal to make engagement “more rewarding” for investors and companies

New provisions under the Dodd-Frank Act

ISS founder says proxy firms are the only service sector not “suborned” by corporate management.

Divestments over non-compliance with Global Compact

Increased levels of accountability and transparency are needed if Japanese companies are to attract long-term shareholders.
RI’s regular review of governance and engagement news

State finance chief talks ESG, engagement, BP, fracking and climate change.

Regulation advice follows suggestion of rules in the EU last month.

Investor suit over foreign exchange trading controversy
RI’s regular look at governance and engagement news

Ethical advisory group “not prepared to sanction” investment

Stewardship becoming integral to investment mandates, says FRC

Investors have responsibilities to ensure that they don’t sustain or aggravate conflict
RI’s regular round-up of governance and engagement news

Trade body says funds also becoming more ‘hands on’ with investee companies.

Pension fund meeting with HP’s sustainability chief

FMC Corp. and Potash Corp. excluded over Western Sahara operations

Norges makes its first ever ‘proxy access’ move

One of six strategic focus areas for influential investor

Local Authority Pension Fund Forum conference told of risks
RI’s regular round-up of governance and engagement news

Latest asset owners to issue compliance statement

Investor says engagement is working at world’s largest gold mine

Shareholders make their views known at media company

It is worth considering the High Pay Commission’s proposals in detail.
The regular round-up of governance and engagement developments

Investor pressure ahead of next week’s AGM
Change at the top of major responsible investor

US SIF fears diminished ESG reporting

Engagement guidance released alongside new Corporate Governance Code

Shareholder/pay consultation ends this Friday as commission cites ‘deeply damaging’ excesses.

Insurer to make third party managers RI compliant.

Document indicates thinking of industry respondents on the main reform questions.
RI’s regular round-up of governance news.

Challenge comes as UK government reiterates exec pay legislation threat.

Voting alert follows engagement and evidence before Parliament
Asset manager’s regional head joins influential advisory firm
RI’s regular review of governance news
ABI, TUC and BlackRock all contribute to Stewardship thought papers.

UK parliamentary hearing takes place today.

Vote at giant fund’s investment committee formalises procedure
RI’s regular round-up of governance and engagement developments
RI’s regular round-up of governance news

More than 40 global corporations named as participants by IIRC

Executive Chairman steps in as interim CEO.

“Strong signal” to directors pushing for change, says CalPERS’ Simpson

Union-affiliated CtW widens scrutiny on News Corp. director
The current sub-optimal engagement process needs to change.

Decision on legal action expected shortly as fund sells off holdings.
RI’s regular Thusday review of corporate governance and engagement news

L-shares a “useful mechanism for investors”

Giant pension fund to attend AGM and back Christian Brothers’ motion

Pressure intensifies on embattled media giant

Software giant says it appreciates discussions with shareholders
RI’s regular roundup of governance news

Major institution rejects director candidates as company fights back

ISS and Glass Lewis recommend director no votes.

Melbourne branch office for corporate governance firm

Decision follows engagement with company
RI’s regular round-up of governance and engagement news

An incomplete or uncertain regulatory environment can increase risk for both companies and investors.
Engagement could be a turning point for marine engagement.
RI’s regular review of governance and engagement news

ACSI recommendations follow phone hacking scandal
Investment bank defeats investors over bonus billions

Milestone for CalPERS/CalSTRS’ Diverse Director DataSource
RI’s regular round-up of governance and engagement developments

“Engaging shareholders and empowering them to take action on executive pay”
MSCI’s corporate secretary Gary Retelny takes over from Stephen Harvey

Something to be looked at by Kay Review says CBI President
RI’s regular look at governance and engagement news

Report to look along the chain of investment decision making.

Some of world’s largest pension funds in plea over proxy access

UK Business Secretary says government will seek EU support to block any changes.

Investor signal on fund management pay

Future of democratic capitalism under threat, says governance guru.
Number of against votes rises year-on-year

Chief executive sends email response to campaigners

Investor group supports academics’ petition to SEC

Decision follows changes to EU rules on expert groups.

Fund accused of potential breach of government cluster bomb treaty commitment.

US institutional investors in potential multi-billion dollar case
RI’s regular review of governance and engagement news

Investors’ meeting with management as S&P President steps down
RI’s regular review of governance and engagement news
RI’s regular Tuesday round-up of clean investing developments

Holding revealed by Finance Minister contravenes tobacco investment policy

Two-year engagement relating to VW acquisition
RI’s regular review of governance developments
RI’s regular Tuesday review of clean investing news

Voting on executive pay a “distraction” says giant investor
RI’s regular round-up of governance and engagment developments

OTPP teams up with activist hedge fund JANA at S&P owner
RI’s regular review of governance and engagement news

Allegations include so-called ‘transfer pricing’ of tax receipts out of Africa.
RI’s regular review of governance and engagement news

Fund manager withdrew proposal after dialogue with company.

But more transparency still needed, says governance forum
We’re playing the equivalent of regulatory ‘Whack-a-mole’.
RI’s regular review of governance and engagement news

Florida’s SBA casts vote against re-election of Marc Bolland at today’s AGM

New “stewardship” guidance from €1trn investor forum

Shareholders can’t say they weren’t warned!

Media giant “not a place where shareholders come first” says Church Commissioners’ Whittam Smith
RI’s regular review of governance and engagement news

Appointment follows major internal review.

The former UK Financial Services Secretary talks activism, engagement and converting sceptics on the value of better stewardship.
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The first development finance institution to fully integrate governance
RI’s regular review of governance and engagement news

Government confirms role of asset owners in major systemic review

Pension fund-backed group’s dismay over executive pay rises
Review of Bebchuk, L. A. and Weisbach, M. S.. (2010) “The State of Corporate Governance Research.” The Review of Financial Studies, 23 (3): 939-961.

State fund issues RFP for 2,500-company portfolio
RI’s regular review of governance and engagement news

Investor takes on crisis-torn Toronto-listed Chinese forestry firm

Institutional Investor Committee sets up new high-powered Advisory Council

“Major data initiative” comes as scrutiny on executive pay intensifies

Investor facing scrutiny from NGO
RI’s regular review of governance and engagement news
Shareholders engaged with forestry firm before scandal

Monetary Authority consultation calls for “constructive relationship” with companies

High-level study looks at barriers to engagement
RI’s regular review of governance and engagement news
Influential responsible investor now blacklists 63 firms

Internet giant argues against board sustainability committee
RI’s regular review of governance and engagement news

€3.5bn firm nabs ex-government minister

Proxy firm reaches voluntary arrangement with creditors for repayment.
RI’s regular review of governance and engagement news

Global firm sets up governance team for market “in flux”

The funds are lodging fewer resolutions but driving deeper to get better value for money.
RI’s regular review of governance and engagement news

Dodd-Frank consultation also covers executive pay advisers

Relaunched shareholders group issues guidance on underwriting but rows back from original investor engagement statement.

Deleted over environmental management and health & safety failings

Investor says just 50 firms report on supply chain water risks
RI’s regular review of governance and engagement news
Regulators may start to challenge corporate ‘explanations’.

EFAMA also seeks role in responsible investment standards

Exclusions amid treaty ratification and increased ESG focus
RI’s regular review of governance and engagement news

Investor takes “pragmatic” view of companies’ operations

Influential asset owners refused to back Sir William Castell
A look at some of the most important environmental, social and governance (ESG) resolutions at forthcoming US shareholder meetings, in chronological order.
We will update it as the proxy season progresses.

“Landmark” shareholder vote at company meeting

AP funds’ Ethical Council also in dialogue with France’s Veolia and Alstom
RI’s regular review of governance and engagement news

43% of votes against Castell – CBIS

Environment committee chief and remuneration also rejected

CalPERS and Florida SBA also vote against environmental committee chief

New workplace scheme to screen human rights, environment and corporate governance

New “fully transparent” offering mapped to KPIs for ESG 3.0
SEC gives OK to New York Pension Funds’ AGM proposal
RI’s regular review of governance and engagement news

Long-awaited Green Paper on Corporate Governance from European Commission

Change in empahsis by Carbon Disclosure Project

Investors table questions on pay and climate change
RI’s round-up of the most important corporate governance and shareholder engagement news.

Companies Act-style provision recommended for institutional investors

Influential advisors take oil major to task over remuneration and safety.

New fund seeks to be a “responsible and vigilant asset owner”
RI’s regular review of governance and engagement news
RI’s regular review of governance and engagement news

Belgian governance chief’s intervention ahead of EU Green Paper

Munich Re chief to step down from his current corporate position in October to focus more time on PRI role

US industrial group L-3 Communications readmitted
High pay may be causing harm across the economy.

Responsible investment leadership change at €2.5trn asset giant
RI’s regular review of governance and engagement news

Number of asset owner supporters has doubled since launch

“We did miss some business,” says CEO

Decision follows exit from index in 2010
RI’s regular review of governance and engagement news

Companies seek SEC OK for omitting investor filings from the proxy.

Government review suggests changes to corporate governance code

Shareholders get opportunity to remove directors over remuneration

AGM is first ever advisory vote on remuneration following investor campaign.

Fund wants managers to monitor ESG risk and engage with companies

Major hurdles remain to clear before international agreement can be reached.

Initiative ahead of UN discussions to kick off next month.