The Principles for Responsible Investment (PRI) has launched a call for nominations for the annual elections to its 16-member Advisory Council, which provides the ultimate oversight of the initiative. There are seven positions open. They comprise five asset owner positions and two non-asset owner slots. The names of the candidates will be announced at the Signatory General Meeting in Montréal on September 24 and the public announcement of the election results will be on November 24.
Rosanna Landis Weaver has been named as manager of US advocacy group As You Sow’s new ‘Power of the Proxy: Executive Compensation Program’, which will focus on pay equity at public companies. A former senior analyst on the executive compensation team at Institutional Shareholder Services (ISS), she was most recently Governance Research Coordinator at Change to Win (CtW) Investment Group. “The goal of this program is to work with large shareholders to fully use the power of their proxy vote to bring about fundamental change to reduce unjustified CEO pay and to create greater equity in compensation,” said As You Sow’s CEO Andrew Behar. Link
Alexis Cheang has joined investment consultant Mercer as Senior Responsible Investment Consultant within its Responsible Investment team. She is based in Sydney, Australia and joins from UK funds house F&C where she was Director, Governance & Sustainable Investments. Cheang was named a Rising Star of Corporate Governance in 2009 by the Millstein Centre for Corporate Governance at Yale University. Announcement
Matt Whineray has been named as Chief Investment Officer of the NZ$25bn (€16bn) New Zealand Superannuation Fund, having joined the fund in 2008. As CIO he will manage a team of 35 with responsibility for asset allocation, public and private market investments globally and in New Zealand, responsible investment and the appointment of external investment managers. Announcement
Søren Espersen, director of human resources and corporate social responsibility (CSR) at Danish commercial pension provider PFA, is leaving to join peer Sampension on October 1. At Sampension, Denmark’s third largest pension fund with DKK195bn (€26bn) in assets, Espersen will take charge of human resources and communications and report directly to Chief Executive Hasse Jørgensen. Last December, Sampension and PFA were among a group of Danish pension funds which left the Principles for Responsible Investment (PRI) due to complaints about its governance. Link (Danish)*Nadia Laine has joined MSCI ESG Research* as a Vice President for ESG Business Development. Prior to joining MSCI, she worked for 10 years with ESG research house EIRIS, mostly recent as Head of Client Services.
Gordon Fyfe has been appointed as Chief Executive Officer/Chief Investment Officer of the C$114bn (€84bn) British Columbia Investment Management Corporation (bcIMC), where he will take over from long-standing CEO Doug Pearce who announced his retirement last August. Fyfe was most recently President and CEO of the $90bn Public Sector Pension Investment Board. Link
Patrick Dizon has joined Proxy Mosaic, the New York-based ‘boutique’ corporate governance and proxy advisory firm, as Chief Technology Officer, a newly created position. He was formerly Director of Information Technology with shareholder advisory firm Glass Lewis. Proxy Mosaic – formed in 2013 by attorney John Shea – also named former ADP Brokerage Services and Broadridge Financial Solutions executive Michael Ferraro as Director of Sales. David Whissel and Stephen Lechner were named as analysts. Link
Howard Pearce, the former chief of £2.3bn (€2.8bn) Environment Agency Pension Fund has established his own firm called HowESG.co.uk to provide an independent non-executive director or trustee service or senior executive consultancy on environmental governance, stewardship, responsible investment, and stakeholder annual reporting for asset owners, asset managers, corporates, charities and Governments. Pearce recently wrote the lead article on the business case for clean investing in the RI Insight report on thematic investing (link).
Charles Dunleavy has been terminated as Chairman and CEO of renewables firm Ocean Power Technologies. David Keller, a non-executive director of the Nasdaq-listed wave-energy firm, has been named Interim CEO. Link
John Chilman has been appointed as Chairman of the Railways Pension Trustee Company Ltd., which oversees the UK’s Railways Pension Scheme (RPS), succeeding Derek Scott who remains an Employer Director of the RPS. Chilman has been a Trustee Director of the RPS since 2007 and is currently Director of Reward and Pensions at FirstGroup. Link
Elias Masilela, who resigned unexpectedly as CEO of South Africa’s Public Investment Corporation (PIC) recently, is reportedly joining frontier markets risk analytics firm DaMina Advisors in New York. PIC manages the assets of the Government Employees Pension Fund (GEPF), Africa’s largest pension fund.
Hannes Struyweg has joined the International Council on Mining & Metals (ICMM), the body formed in 2001 to improve sustainable development performance in the extractives sector, as its new Director of Health and Safety. He joins after five years at Anglo American in Johannesburg where he was Manager, Safety Systems and Learning. Announcement