Women increase representation on US company boards

chart of women on boards in usa

The numbers of women on boards in the US has risen in the past year according to the latest  annual 2020 Gender Diversity Index (GDI) produced by the campaign group, 2020 Women on Boards. The organisation aims to  increase the percentage of women on US company boards to 20% or greater by the year 2020.… Read the rest

UK PM Theresa May softens stance on worker representation

Theresa May UK PM

UK Prime Minister Theresa May appeared to soften her stance on board worker representation within UK companies having previously suggested they should be represented alongside consumers. Speaking at the CBI annual conference this week she said that the government’s coming green paper on corporate governance would address executive pay, shareholder accountability and how “we can ensure the employee voice is heard in the boardroom.”

Addressing worker representation May said: “I can categorically tell you that this is not about mandating works councils, or the direct appointment of workers or trade union representatives on boards.Read the rest

Water risks: Better management needed says CDP

water management

The think tank CDP released its latest global water report for 2016 at the UN’s  COP 22 Climate Change meeting in Marrakesh, Morocco which took place this week. The report highlights how companies are managing water risks as the global climate changes and is seen as critical in meeting climate change targets now the  Paris Agreement has entered into force.

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Responsible Investment: EU, North America trends emerge

United Nations Environment World Bank sustainable finance

  • Quality of Sustainability Reporting Slammed

  • Uncertainty about ESG Risks

  • Exclusion remains dominant theme in Europe

The sustainable and responsible investment sector continues to grow and evolve across Europe according to the latest survey by Eurosif while a survey by RBC Global Asset Management in the US found that more capital than ever is being put into environmental, social and governance – biased (ESG)  investment even while some investors are unsure they will produce superior returns.… Read the rest

US investors, companies back Paris climate change agreement

cop22 climate change logo

Climate change targets and a commitment to support the United Nations-led Paris Agreement have been agreed by US companies and investors at a press conference at the UN’s  COP 22 Climate Change meeting in Marrakesh, Morocco. Signatories want to send a strong message to US politicians, including President-elect Donald Trump, that, whatever the political stance, they would be working to cut greenhouse gas emissions.… Read the rest

GAO proxy advisor report goes to US Congress

The perceived influence of proxy advisors has grown in recent years, but the actual extent of that influence is still unclear. This is one of the findings from a new report produced by Government Accountability Office(GAO) at the request of US Congress members debating HR5311, the bill intended to roll back Dodd Frank reforms.… Read the rest

Tense Australian proxy voting season

Shareholders of Australian companies are showing their muscle in this year’s proxy season with significant opposition votes over the governance of retailer Harvey Norman and a rejection of executive pay at the Commonwealth Bank of Australia.

The Australian Shareholders Association has called on the chairman of  Harvey Norman, Gerry Harvey, to resign and for an independent non-executive director to replace him.… Read the rest

FRC Stewardship Code tiers show leaders and laggards

David Styles

The UK’s Financial Reporting Council (FRC) has revealed its first Stewardship Code tiering. For the first time, asset manager laggards have been threatened with de-listing; those in the lower tier 3 have been six months to improve.
There are nearly 300 signatories to the Code, more than 120 are in the top tier 1, an increase from approximately 40 at the beginning of the exercise.… Read the rest

Cyber-security – a material investor risk

Cybersecurity Concept

New Manifest research shows board cyber-security risk gaps

As global economies become more digitally dependent, the continuing rise of cyber-security threats and actual breaches raises serious questions for shareholders. If technology fails, it is no understatement to say that the impact can be immense. … Read the rest

Cyber risk tops finance industry risk concerns DTCC study finds

Cyber risk remains the top overall risk identified by senior staff within the global financial services industry. According to the latest results of a biannual survey published by the post-trade market infrastructure provider, the Depository Trust & Clearing Corporation (DTCC) 22% of respondents cite cyber risk as the single biggest threat to the financial services sector.… Read the rest

Cyber-security boost to UK as Tesco Bank suffers major attack

Cyber-security got a major boost from the UK government,  just as Tesco Bank – a subsidiary of supermarket giant Tesco plc ($TESO)  – became the latest public company to suffer millions of pounds of losses and dented customer confidence following an unprecedented cyber-heist.… Read the rest

Boosting the diversity pipeline: the Hampton-Alexander recommendations

Board diversity needs stronger pipelines

Sir Philip Hampton and Dame Helen Alexander have released their recommendations for boosting UK board diversity with a stronger pipeline of women. Their report follows on from the progress made by the Davies review by focusing on increasing the number of female executive directors and broadening the scope to the entire FTSE 350.… Read the rest