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Chamber of Commerce wants simplified corporate disclosures
trueThe Securities and Exchange Commission should simplify corporate disclosure to make filings more useful to investors, including doing away with a requirement to show the company’s stock performance.
Public pension plans take shareholder litigation international
trueIt was only a matter of time before the litigation portfolios of U.S. public pension funds started catching up with their investment portfolios and spending more time overseas.
SEC says FedEx can drop Redskins question from proxy
trueFedEx Corp. has won approval from the SEC to remove a shareholder proposal from its annual proxy asking the company to “respond to reputational damage from its association” with the Washington Redskins NFL franchise.
GMI to expand its ratings to emerging markets
trueGMI Ratings will introduce a combined set of accounting and governance ratings on some 9,000 companies in nearly 60 emerging markets countries.
Proxy access support reaches new level
trueMore proxy access proposals have won a majority level of shareholder support this year than in any other year, leading one asset owner executive to conjecture a tipping point has been reached in terms of investors and management embracing the concept.
Oranges and a live goat: Some tricky questions in governance addressed
trueIn the central conversation on the topic, “Global Plan Governance,” Jonathan Boersma, executive director, global investment performance standards and head of professional standards at the CFA Institute, said a recent World Bank education session on trustee ethical conduct posed tricky questions ...
Put a monkey in there? I prefer you guys
trueBarrick (Gold Corp. was created and grew) without any government support. Yes, the government is behind us. Barrick never received a dollar subsidy, but Barrick did contribute $8 billion in pure direct taxes paid in its existence. Barrick also ... is employing today 25,000 people.
Precedent is upheld on class-action lawsuits that are spurred by stock losses
truePension funds and other institutional shareholders pursuing securities class-action lawsuits got a big vote of confidence from the Supreme Court in late June that could lead to more scrutiny of corporate and market practices, and more financial recovery, some experts say.
Court backs efficient market
trueThe U.S. Supreme Court made the right decision when it rejected a presumption of prudence as a defense in company stock-drop cases, replacing it with a presumption of market efficiency.
Illinois State Board picks Glass Lewis for proxy voting
trueIllinois State Board of Investment hired Glass Lewis & Co. for proxy-voting advisory services for domestic and international holdings.
MSCI buying GMI Ratings to integrate ESG and accounting research
trueMSCI Inc. will acquire GMI Ratings for $15 million in cash under a definitive agreement between the two companies, they announced Friday.
Governance continues to be issue for DB plan executives — conference panel
trueGovernance remains one of the thorniest issues facing defined benefit plan executives
Towers Watson: Executive compensation support unchanged so far in 2014
trueSeventy-three percent of companies won at least 90% of the shareholder vote in support of their executive compensation practices based on results of 2,132 companies in the Russell 3000 index reporting results this year through June 20
Stock buybacks charge up the bull market
trueThe bull market in the S&P 500 since March 2009 has been marked by corporations buying back their shares and paying out dividends. From Q1 2009 through Q1 2014, S&P 500 companies repurchased $1.9 trillion of their shares and paid out $1.3 trillion in dividends. During the first quarter of this ...
Test of governance wills
trueThere are good neighbors. Then there is Nabors Industries Inc.