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Welcome to Manifest-I the blog of Manifest Information Services Ltd. Here we take a wide ranging view of topical governance and stewardship issues. Please feel free to add your comments and join the debate. Sign up to receive free weekly updates.

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Recent Items

OECD updates governance assessment methodology

OECD Corporate Governance Principles

The OECD has published its revised Methodology for Assessing the Implementation of the G20/OECD Principles of Corporate Governance. The latest version incorporates changes that were made to the Principles during the 2015 review as well as a number of additional clarifications.… Read the rest

Caterpillar: Federal investigations prompt investor concerns

Caterpillar federal investigation tax schemes

Investors in machinery, vehicle and engine manufacturer Caterpillar have called on its board to establish a special committee to investigate any risks related to tax schemes set up by the company which are now subject to investigations by US federal authorities.… Read the rest

Corporate Human Rights Benchmark launched

Corporate Human Rights Benchmark launched

The Corporate Human Rights Benchmark for 2017 has been revealed the performance results of the world’s leading companies in its publication this week.

The benchmark assesses 98 of the largest publicly traded companies in the world on 100 human rights indicators.… Read the rest

US investors secure climate risk commitment from BlackRock

US responsible investment investors have secured a greater commitment from asset management giant BlackRock that it will be engaging with its investee companies on climate risk. The group hopes that this could also mean BlackRock supports some climate change shareholder resolutions during the 2017 proxy voting season.… Read the rest

EU Shareholder Rights Directive II moves closer to adoption

EU Shareholder Rights Directi e

The revised EU’s Shareholder Rights Directive was approved by the European Parliament (EP) earlier this week and will be formally adopted by the European Council, made up of the member states, shortly. Once adopted member states have two years to put the directive into effect in their own countries.… Read the rest

RBS refuses to back down on shareholder committee resolution

RBS ShareSoc shareholder resolution

The Royal Bank of Scotland (RBS) has refused to back down on a decision not to allow a shareholder resolution, calling on the bank to establish a shareholder committee.

The resolution, to be proposed at RBS’ AGM later this year, was proposed by 168  shareholders last December and is being coordinated by the ShareSoc, the UK Individual Shareholders Society and UKSA, the UK Shareholders’ Association.… Read the rest

WPP: did shareholders look before the LEAP?

WPP Martin Sorrell pay

WPP, whose chief executive Sir Martin Sorrell last year caused headlines for a £70m pay package, has announced its final investment performance figures for its controversial long term incentive scheme, LEAP.

The WPP figures show that Sir Martin Sorrell would receive £41.5m from the LEAP scheme for 2016 – compared with their value of 20.69m when the shares were granted in 2012.… Read the rest

Responsible investment disclosures: mind the European gap

Responsible Investment disclosure quality varies greatly

Despite being signatories to the Principles for Responsible Investment, the RI disclosures of Europe’s largest asset managers are extremely varied in quality, according to new research by advocacy group, ShareAction.

ShareAction rated the disclosures of 40 leading fund managers which collectively invest over €21 trillion (£18 trillion) on behalf of pension schemes, charities, universities, and individuals across the world. … Read the rest

Board gender pay gap revealed in Singapore

Singapore board diversity

More evidence of board gender diversity challenges were recently revealed, this time in Singapore. Female directors at companies listed on the Singapore Stock Exchange (SGX) are paid 56.8% of male directors’ remuneration on average indicating a 43.2% pay gap according to research by the National University of Singapore’s (NUS) Business School.… Read the rest

US Business Roundtable supports Dodd Frank reform

Business Roundtable | BRT

The Business Roundtable (BRT), an association of the top US chief executives, has voiced its support for President Trump’s plans to reform Dodd Frank and has outlined a number of corporate governance regulations that it believes need reform or to be repealed.… Read the rest