Peace campaigners protest at BAE Systems AGM

Campaigners from the pressure group, Campaign against the Arms Trade (CAAT), which is calling for the UK to stop selling arms to Saudi Arabia, took their fight to the BAE Systems AGM last Wednesday. CAAT had bought shares in the company allowing campaigners to attend the AGM.… Read the rest

Dutch update corporate governance code

The Dutch corporate governance code monitoring committee is currently revising its country’s corporate governance code – first released in 2003 – following a consultation on the proposed changes which ended last month. The committee is expected to publish the finalised version in the autumn.… Read the rest

Index launched for investors seeking to divest from fossil fuels

The London Stock Exchange-owned FTSE Russell has launched the FTSE Divest-Invest index which will reduce investors exposure to fossil fuel companies while also increasing exposure within the index to companies engaged in the transition to a green economy.

FTSE Russell said it was able to achieve this using data captured from its new green revenue data model, called LCE, which will be publicly launched soon.… Read the rest

Rio Tinto avoids large pay vote rebellion

Mining group, Rio Tinto, which is dual-listed in the UK and Australia, avoided a large scale rebellion over its remuneration report although there was a higher level of dissension than in previous years. The voting results were announced following the Australian AGM – Rio Tinto plc held its AGM last month.… Read the rest

UK’s Pre-emption Group releases monitoring report on updated principles

The Financial Reporting Council’s pre-emption group (PEG) has released a report showing the progress of implementation of the Statement of Principles (principles), which were updated in 2015 to reflect market changes. The PEG found that the revised principles were largely adhered to while the FRC said the report’s findings showed the importance of open dialogue and engagement between investors and the companies to which they have allocated their capital.… Read the rest