Corporate governance – Page 93
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News
One-quarter of pension funds set investment target at 6%, study shows
Survey of 190 pension funds reveals changing asset-allocation models, ambitious investment-return targets
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News
USS, RPMI to sit on UK Investor Forum board
Investor Forum also announces John Kay, author of key report that led to its foundation, as board member
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News
Pensions funds must tackle principal/agent problems – Ambachtsheer
Schemes should play ‘lead wagon’ on problems that have reduced returns by 1.5% a year, expert says
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Features
Pension Fund Governance: ABP to the ballot box
For the first time, the €309bn Dutch civil servants fund has held elections for its accountability body. More controversially, pensioners will now sit on the main board, writes Mariska van der Westen
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Special Report
Pension Fund Governance: Avoid the bear traps
UK pension funds are increasing governance levels as they implement regulatory guidance on integrated risk management, says Pádraig Floyd. Professional trustees are playing a greater role
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Special Report
Pension Fund Governance: Board effectiveness: From path dependency to integrative thinking
“One of the curses of our industry is path dependency,” says Keith Ambachtsheer, director emeritus of Toronto’s Rotman International Centre for Pension Management (ICPM) and academic director of the Rotman’s Board Effectiveness Programme (BEP) for pension funds.
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Special Report
Pension Fund Governance: A market in maturity
Fiduciary management has come a long way since its introduction in the Netherlands in 2001. Leen Preesman traces the chequered history that has led to six out of 10 Dutch funds, representing €700bn, embracing various forms of the model
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Special Report
Pension Fund Governance: Independent thinking
As the world gets more complex, professional independent trustees may come into their own. But, as Lynn Strongin Dodds writes, the choices have to be thoroughly considered, and some potentially serious pitfalls avoided
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Special Report
Pension Fund Governance: Objectives then implementation
Martin Steward talks to Roger Urwin about the thinking behind Towers Watson’s ‘transformational change’ projects with the world’s leading large institutional investors
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Special Report
Corporate Governance: Springing into action
It has been two years since the so-called Shareholder Spring, which saw a large number of investors voting against company proposals. Nina Röhrbein asks whether the movement maintained momentum, and how corporate governance has developed as a result
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Special Report
Corporate Governance: Can’t we all just get along?
Corporate governance thinkers believe peaceful co-existence between activist investors and company boards and management is at hand. Christopher O’Dea finds activism lauded as a valuable corrective mechanism that can improve performance
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Special Report
Corporate Governance: Of carrots and sticks
The executive remuneration debate has evolved considerably since 2012’s Shareholder Spring, writes Nina Röhrbein. But there is considerable disagreement on the right balance between regulation and a voluntary approach
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Special Report
Corporate Governance: Cash in hand
Cash mountains and share buybacks are a prominent feature of the new corporate environment. Is this investor short-termism constraining productive investment, or good corporate discipline rejecting unproductive spending? Mike Scott investigates
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Special Report
Corporate Governance: A little less conversation
List all of the fora, working groups, initiatives, statements of principles, codes and associations dedicated to pursuing better corporate governance and other sustainable business and investment goals, and you would think that this was a hive of world-changing activity.
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Special Report
Corporate Governance: Cultural shift
The UK Stewardship Code, now three years old, was re-visited in the wake of an influential review of UK markets. But Mike Scott finds that there is still a long way to go before the spirit of the Code is embedded in asset management culture
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News
Trustees take months to decide on new asset class – Aon Hewitt
Aon Hewitt, Pitmans Trustees urge trustee boards to delegate powers for faster responses.
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Special Report
Do we expect too much of trustees?
Brian Holden argues that the current model of the part-time, non-specialist trustee cannot continue indefinitely
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Features
Communicating through cultural differences
Europe, we are assured, is a family of nations. Yet in spite of the best endeavours of those such as Esperantists, it remains a family where there is still no single, truly universal, language. Inevitably, there are times when communication difficulties arise. Most companies of any reasonable size have a ...
