NEST Appoints Manifest & Co-op in Responsible Investment Partnership

The National Employment Savings Trust (NEST) has appointed The Co-operative Asset Management (TCAM) and Manifest to support its responsible investment strategy. In an innovative joint tender, TCAM and Manifest outlined an robust solution to manage and develop NEST’s evolving stewardship responsibilities. 

TCAM, which currently has over £20 billion of assets under management, offers …… continue reading >>

Responsible NEST building

The UK’s new default retirement system, NEST, may not have invested a single penny in contributions but when it does, is determined to be a good Steward on behalf of the nation’s investors.

At a presentation to launch NEST’s Statement of Investment Principles last week, chairman Lawrence …… continue reading >>

Share owners should give a XXXX says EU

“Don’t be British, be Australian” is the message from Claire Bury, the EU’s corporate governance official.

Speaking at the UK’s National Associate of Pension Funds investment conference in Edinburgh recently, Claire outlined the Commission’s approach to the forthcoming Governance Green Paper which will be launched in April. Not exactly the best timing in the …… continue reading >>

EU warns on board diversity

The threat of quotas to improve board diversity moved a step closer last week with EU Fundamental Rights Commissioner Viviane Reding telling the European parliament: “Equality in decision-making is not yet a fact … I do not rule out the possibility of putting forward legislation in this area.”

Speaking to the continue reading >>

UKSIF contemplates 10 years of SRI disclosures

Friends of the UK Sustainable Investment Forum (UKSIF) gathered at the Houses of Parliament on June 28th to celebrate the 10th anniversary of of environmental, social and corporate governance (ESG) regulation in the UK. UKSIF also launched a report that reflects upon the effects of the regulation and addresses …… continue reading >>

UK's IIC outlines thinking on stewardship

The Institutional Investor Council (IIC), the successor body to the Institutional Shareholders’ Committee (ISC), has started to lay out its stall on possible work programmes.  Speaking at the IMA’s annual dinner in the City of London this week, Douglas Ferrans, IMA chairman, outlined his vision of how the IIC would tackle the “endlessly …… continue reading >>

easyJet founder turns activist shareholder

British boardroom structures don’t allow enough debate, claims Sir Stelios Haji-Ioannou, founder and majority shareholder of the low-cost carrier, easyJet. As a result he has quit his board role to become an activist shareholder in a bid to turn the company’s strategy around.

Sir Stelios’ fight is focused on the lack of …… continue reading >>

Voting failures hit the High Street

So it’s not just shareholder meetings that have voting problems. The UK’s general election collapsed into the realms of farce this week with disenfranchised voters complaining of lost ballot cards, out of date voting registers and exclusion from polling stations – now where have we heard those complaints before?

So, why can we usher …… continue reading >>

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