Corporate governance – Page 61
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NewsUK asset managers target DC schemes with long-term investing fund structure
The Investment Association wants to create a vehicle for long-term and illiquid asset investing suitable for DC pension schemes
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MP Pension sheds Vale stock as engagement fails
Church of England Pensions Board and Sweden’s AP Funds shine a light on global tailings dam management in wake of January disaster
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AP2 CEO: Female board representation still too low
The fund’s 2019 index reports slim increase of 0.1% on last year – but more than 10% of Swedish companies now have a female board chair
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UK asset managers launch representation report on black workforce
Fewer than 1% of investment managers in the UK are black, according to a new report from the Investment Association
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Investors urge support for Swiss human rights due diligence law
Legislation drafted in response to NGO campaign will be debated in the lower house of Switzerland’s parliament this week
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PLSA invites FTSE 100 chairs for workforce data, governance talks
UK pension fund association hopes schemes and companies working together will improve workforce disclosure and governance standards
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NewsChart of the Week: Which asset managers have the most ESG analysts?
IPE’s Top 400 Asset Managers survey asked investment companies about their dedicated ESG and corporate governance specialists for the first time
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Academics call for government inquiry into USS governance
More than 1,000 UK-based professors and university staff have demanded action over governance concerns at the UK’s largest pension fund
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UK regulator adopts rules to boost stewardship transparency
New rules to implement revised Shareholder Rights Directive push asset managers to disclose engagement policy and explain contribution to long-term value
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NewsChurch of England leads shareholder rebellion at Exxon
More than 40% of shareholder votes support splitting chairman and CEO roles as investors increase pressure over climate change measures
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NewsSwiss authorities consider ban on pension broker commission
Pension fund association Asip has supported plans to overhaul the country’s rules on fees paid to brokers for promoting second-pillar funds
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Frankfurt-based index provider Solactive backs UK proxy voting firm
Solactive has made a ‘significant strategic’ investment in Minerva Analytics, which was founded after a management buyout of Manifest
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NewsSweden revamps AP fund boards with industry veterans and academics
New chairs for AP1 and AP3, along with three new deputies and 12 new board members across the €126bn system
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Investors remain unconvinced on financial benefits of diversity
Some major asset owners are concerned that focusing too much on workforce diversity could put them in breach of their fiduciary duty
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NewsSSGA presents ‘game-changing’ ESG scoring system
SASB-based transparent system incentivises companies to improve practices and reporting of environmental, social and governance issues
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NewsManagers urged to comply with new cost disclosure templates
Minister warns government could legislate to enforce new transparency codes if managers fail to adopt the templates voluntarily
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Church fund to vote against entire Exxon board over climate change
Church of England’s £8.3bn endowment fund joins forces with New York public pension fund to increase pressure on oil giant
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NewsOil companies not attractive without climate commitment, say managers
UKSIF and Climate Change Collaboration find nearly a quarter of managers believe oil companies are uninvestable
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LGPS funds face more change as governance consultation launched
Hymans Robertson has put four options for structural reform to LGPS staff and stakeholders
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KPMG review raps AP1 boss over staff trip
Auditor concludes Magnusson should have raised proposed staff trip to France with board
