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New Mexico Educational looking for firm to conduct internal audit
trueNew Mexico Educational Retirement Board, Santa Fe, is searching for a firm to perform an internal audit.
ISS expands companies, countries in global corporate governance tool
trueInstitutional Shareholder Services introduced an enhanced version of its global corporate governance scoring analytics for asset owners and other institutional investors, expanding by almost 10% the companies covered to 4,500, and adding markets in Brazil, Russia and South Africa.
The market is ready for proxy access
trueIt is time for the Securities and Exchange Commission to propose proxy access again.
Delaware County pension fund sues Simon Property over executive compensation
trueSimon Property Group Inc., seeking to avoid investor litigation, earlier this year eliminated a $120 million stock award to David Simon, chairman and CEO, in favor of a performance-based bonus.
Chicago treasurer won't seek re-election, sits on 5 pension fund boards
trueStephanie Neely, Chicago city treasurer, announced Monday she will not run for re-election in early 2015.
ISS acquires executive compensation data firm Incentive Lab
trueInstitutional Shareholder Services Inc. acquired Incentive Lab LLC, an executive compensation data and analytics firm, the two companies announced Thursday in a joint statement.
Panel offers differing views on governance with public technology companies
trueAn asset owner, money manager and academic faced off in a panel discussion at the Council of Institutional Investors conference in Los Angeles expressing widely different views on the degree of toughness investors should bring to bear to demand better corporate governance at technology companies ...
Coca-Cola reduces shareholder approved executive equity plan
trueCoca-Cola Co. announced Wednesday it is backtracking somewhat from its executive equity plan approved in a shareholder vote in April that received opposition from some major pension funds, which called it excessive.
Towers Watson: Board director compensation rises 6%
trueMedian director total compensation rose 6% to $239,918 in 2013, said a Towers Watson report released Wednesday that studied 474 publicly traded companies in the Fortune 500.
APG creates suggested compensation guidelines for portfolio companies
trueAPG Asset Management has set guidelines on how much executives at publicly traded European companies in its global portfolio should be paid, the firm said in a statement.
trueThe CFA Institute on Friday called for the Securities and Exchange Commission to revive its proxy access rule, contending it would increase U.S. market capitalization by as much as $140.3 billion.
Investors seek political contribution disclosure, end to exec tax payment at FedEx
trueFedEx Corp. shareholders face separate proxy proposals from the New York City Retirement Systems and the International Brotherhood of Teamsters General Fund, calling for, respectively, disclosure of the company's political contributions and an end to paying personal taxes executives own on the ...
Why the Halliburton decision matters
trueThe U.S. Supreme Court’s ruling in Halliburton Co. et al. vs. Erica P. John Fund Inc. is a significant victory for institutional investors in pursing securities class-action lawsuits.
CII calls for more board disclosure on self-evaluation processes
trueCouncil of Institutional Investors, Washington, is calling for more disclosure of the self-evaluation process carried out by corporate boards of directors.
Large Australia pension funds go internal, become more vocal as active shareholders
trueTwo of Australia's biggest pension funds say the industry will become more vocal in holding public companies to account as assets are increasingly managed in-house, filling a void of shareholder activism in the nation.