All our Christmases come at once?

The European Commission this week published a summary of the responses to its Green Paper on Corporate Governance in Financial Institutions.

The paper revealed some not so surprising results when it comes to views about the role of institutional investors: many want to see mandatory disclosure of voting policies and records; there’s a widespread desire for a More…

Re-defining CSR disclosure

The European Commission has been busily working on responsible investment issues in recent weeks, culminating in two documents: A consultation on “Disclosure of Non-Financial Information by Companies” and a summary of responses to their green paper on corporate governance in financial institutions (see later blog piece).

The consultation asks a number of very open questions about the More…

US proxy reform: It’s completely broke, please fix it!

“The investing community desires change”. Not something we weren’t aware of, surely? However, when it’s a summary of the almost unanimous response to the most comprehensive regulatory review of the US proxy system the SEC has undertaken  in 30 years, this finding is  highly significant.

In short, the Securities Transfer Association analysis of the 199 responses received More…

Vote tapping – how confidential are your votes?

British readers will be familiar with the mounting scandal surrounding alleged phone tapping at the News of the World when Andy Coulson, the Prime Minister’s communications director was the paper’s editor. The UK, in common with many nations takes personal and data privacy very seriously, and rightly so. When it comes to the post, the only people authorised to More…

CalPERS proposes changes to approach on engagement

The California Public Employees’ Retirement System has proposed changes to the strategy used for developing its annual ‘Focus List.” The revised approach would change the targeted companies from the Russell 1000 to CalPERS top 500 domestic equity holdings. In addition, it would provide that governance would become a secondary factor to performance. CalPERS More…