Thailand consults on Governance & Stewardship Codes – with added ESG

The Securities and Exchange Commission of Thailand is consulting on a draft corporate governance (CG) code, which will replace the country’s principles of good corporate governance 2012, and a new investment governance code. The deadline for responses to both consultations is the end of the month.… Read the rest

Executives feel short-term pressure despite its costs research finds

New research from CLT Global (formerly “Focusing Capital on the Long Term”) highlights the challenges and costs that senior business executives world-wide are facing with the rise of short-termism.

The key findings of the report, are that 87% of executives report feeling the most pressure to demonstrate financial results within two years, up from 79% in a similar survey from 2013; emerging market executives were significantly more likely to report increasing short-term pressure (82%) than their peers in Europe (64%) or North American (65%); and executives from companies with a strong commitment to long-termism were 26% less likely to say they would decrease discretionary spending and 22% less likely to delay new projects to meet earnings targets when compared to their peers at more short-term oriented companies.… Read the rest

Shareholders urged to link executive pay at oil companies with climate change risks

UK investment campaign group ShareAction has urged investors to use the binding votes on remuneration policy at BP and Shell in 2017 to ensure the oil majors can demonstrate their commercial strategies are aligned with a move to a low carbon economy. … Read the rest

James Murdoch’s re-appointment as Sky chairman raises concerns

With broadcaster Sky’s AGM taking place on 13th October investors have a chance to show their concern about the re-appointment of James Murdoch as chairman of the company.

Murdoch has previously been chief executive and chairman at Sky. He stepped down as non-executive chairman in the 2012 financial year but continued as a non-executive director at Sky. … Read the rest

FTSE 100 improves carbon reporting and boosts commitment to green energy survey finds

Communications firm BT has topped the rankings of Carbon Clear’s assessment of FTSE 100 company’s carbon reporting for the third year running.

The carbon advisory service’s survey scores the companies based on their monitoring, reporting and verification; their carbon strategy; carbon reduction; stakeholder engagement and innovation.… Read the rest

Investors target food companies to urge encouragement of plant-based protein production

Forty institutional investors, including Coller Capital, three Swedish state pension funds, Aviva, Nordea and Robeco have launched an engagement with 16 multinational food companies highlighting the material risks posed by industrial animal production. The coalition, which together manages $1.25 trillion in assets, has written to the companies urging them to identify their plans to respond to this risk, in particular by encouraging them to set strategies to diversify into plant-based sources of protein.… Read the rest

Singapore tops 2016 Asian corporate governance rankings

CG Watch 2016, a survey of 12 major Asia-Pacific markets and 1,027 Asian companies has ranked Singapore as Asia’s top corporate governance (CG) performer followed by Hong Kong, Japan, Taiwan, Thailand, Malaysia, India, Korea, China, Philippines and Indonesia.

The biennial survey of Asian markets was carried out by brokerage and investment group CLSA in collaboration with the the Asian Corporate Governance Association (ACGA ) and while Australia was included in the research it was excluded in the market rankings  so as not to skew past results as its CG score was significantly higher than top- ranked Singapore. … Read the rest

Thomson Reuters launches a global Diversity and Inclusion Index

Thomson Reuters has launched a Diversity & Inclusion (D&I) Index which ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics across four key categories: diversity, inclusion, people development and news controversies.… Read the rest

Still work to do to get more women on boards globally

Researching the top 3,000 companies globally the percentage of women on boards reached 14.7% by the end of 2015 up from 12.7% in  2013 and 9.6% in 2010 according to the latest survey by the Credit Suisse (CS) Research Institute although rates of growth has varied between regions.… Read the rest