Social and new media: Improving ownership?

The ICGN Conference in Paris last week included a session on the very interesting topic of new and social media, exploring what are some of the ramifications in the context of corporate governance.

Taking corporate governance in its widest sense – i.e. the relationship within and between the company, its current and …… continue reading >>

Swedish buffer funds appoint global voting partner

Four of the Swedish buffer funds (AP1, AP2, AP3 and AP4) this week announced the appointment of a provider of global voting services:

“The First to Fourth AP Funds (The Funds) have carried out a procurement of a Global Voting Service.

After extensive evaluation of different suppliers and their systems, we …… continue reading >>

Norges Bank pushes four companies for independent chairs

Norges Bank Investment Management (NBIM), the investment arm of the Norwegian central bank and asset manager for the Norwegian Government Pension Fund and the Government Petroleum Insurance Fund managing over NOK1,000bn (£107bn) in equity investments, has filed shareholder proposals at four US companies calling for independent chairmanship.

Meetings at Harris Corporation (23rd OCtober), Parker …… continue reading >>

ESG integration – a legal requirement?

A report by the Asset Management Working Group of the United Nations Environment Programme Finance Initiative links the integration of ESG (environmental, social and corporate governance) issues into investment processes with legal responsibilities of fiduciaries (including pension trustees, asset managers and investment advisors).  It also calls into question whether the institutional …… continue reading >>

Sir David Walker’s 39 Steps

Sir David Walker’s review of the governance of UK banks, commissioned by Prime Minister Gordon Brown, has published 39 recommendations aimed at improving the governance of  banks and other big financial institutions (BOFIs). The aim of the report was to find ways of minimising risky behaviour and improving the way companies and shareholder communicate and interact.

Many …… continue reading >>

UK pension funds & governance – more oversight?

In response to the widespread criticism from government and media over the role of investors in the financial crisis, the UK’s National Association of Pension Funds (NAPF) has released research which show that just under half  (49%) of its bigger pension scheme members will spend more time scrutinising the actions of their fund managers …… continue reading >>

UK Fund Managers Increase Engagement

Shareholder engagement is on the up according to the UK’s Investment Management Association which has just published its fifth annual Engagement Survey.  The report brings together a review of IMA members general approach to voting disclosure between July 2007 and July 2008 as well as taking a look at seven contentious issue …… continue reading >>

An engaging incentive

As the Treasury Select Committee  (TSC)  hearings rumble on, professional investors have been under close scrutiny.  Had Alistair Darling had the foresight to tax the word ‘responsibility’, he could probably have recouped a large slice of the unprecedented sums the public purse is currently spending. Investor responsibility  raises two very simple and potentially …… continue reading >>

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