Corporate governance – Page 38
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News
NEST’s pay gaps shrink but CEO says UK trust ‘still on our journey’
Gender pay gap contracts by 1.4 percentage points, ethnicity pay gap 1.3 points smaller between years
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News
EU taxonomy decision increases reporting burden for pension funds
Critics of the Commission’s proposal to brand nuclear energy and natural gas as sustainable energy sources have reacted with disappointment, and the credibility of the EU’s taxonomy was called into question
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NewsAsset owners are more proactive once signed up to UK Stewardship Code
The code is making a separate impact from other stewardship or ESG policies
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NewsAsset management roundup: Scottish Widows calls on managers so sign stewardship code
Plus: LGIM launches net zero bond fund; Edmond de Rothschild plans to join net zero initiative
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News
TNFD releases second beta version of nature-related risk framework
TNFD is seeking to strike a balance between complexity of the science and the needs of market participants for clear, simple and comparable information
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NewsIceland’s central bank plans to review pension fund activities
Despite strong growth of pension funds and increased activities, law has still not been updated, says supervisor
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PLSA, Investment Association recommend stewardship focus in asset owner/investment manager relationship
There should be greater clarity and articulation of stewardship expectations during the manager appointment process
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NewsSwedish FSA winds up Alecta equity probe, citing improved controls
Watchdog investigated pension provider’s internal controls and risk management between 2020 and 2022
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News
Greater Manchester scheme leads call for Cisco’s greater tax transparency
The proposal calls for Cisco to publish a tax transparency report aligned with GRI Tax Standard
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NewsISSB achieves quorum with announcement of two new appointments
Sustainability rulemaker will be able to hold its inaugural public meeting next month
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NewsIFRS Foundation to finalise ISSB member recruitment by autumn, chair says
ISSB will begin redeliberation of the two draft standards as soon as a quorate board of eight members is in place
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NewsIASB advisor warns on challenges posed by draft ISSB climate-reporting rules
Disclosure obligations proposed by ISSB would be ‘extremely difficult to model’
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News
Norway’s SWF slates Swedish code for letting CEOs sit on boards
Domestic and Nordic part of GPF says executive remuneration proved most contentious issue in this year’s AGM season
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Opinion PiecesViewpoint: The frequency of infrequent events
Why covenant support remains at the heart of pension member security
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NewsFRC wants actuaries to focus more on climate, ESG risks
‘As the importance of climate change risks continues to grow it is critical that actuaries consider these risks in the course of their work,’ says FRC
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NewsRailpen, US investor group team up for equal voting rights campaign
Hope that new coalition ‘will mark a turning point in the dual-class share structure debate’ and avoid ‘long-term corporate governance trainwreck’
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News
Bpf Bouw supervisory board questions innovation ability at APG
It cites a critical internal report by APG about its pension administration
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NewsElo released from FSA’s direct monitoring after 18 months of scrutiny
CEO says Elo worked hard to ensure business model reached the level required by the Swedish financial watchdog
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Opinion PiecesInvestors should require companies to tie executive pay to ESG targets
Stuart Kirk, global head of responsible investing at HSBC Asset Management, has been suspended for saying that investors need not worry about climate risk. Those among the company’s clients who are concerned with sustainability may be relieved that he has been suspended, but there remain questions about greenwashing at the company and within the whole asset management sector.
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Opinion PiecesViewpoint: Global custody for pension schemes – are you paying more than your neighbour?
The landscape for custodians has changed significantly
