Watch breaking news videos and read news updates about Corporate Governance on pionline.com
Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements
trueSome 27% of the largest U.S. companies included an executive pay-for-performance discussion in their 2014 proxy statements, down from 28% the previous year, a Towers Watson analysis released Thursday found.
eBay revises governance guidelines for board diversity; pension funds withdraw proposal
trueNew York State Common Retirement Fund and Trillium Asset Management withdrew a shareholder proposal at eBay Inc., after the company agreed to revise its governance guidelines to include gender and racial diversity among qualities its seeks in its board directors.
Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines
trueMassachusetts Treasurer Deborah B. Goldberg proposed a series of reforms to the state's Pension Reserves Investment Management board's custom proxy-voting guidelines on Thursday.
Institutional investors say ESG has positive impact on alternatives returns — report
trueSome 57% of asset owners and other institutional investors surveyed believe incorporating ESG into alternative investments decision-making has a positive impact on risk-adjusted returns, said a report Monday from Mercer and LGT Capital Partners.
Tennessee Consolidated searching for private equity consultant
trueTennessee Consolidated Retirement System is searching for a private equity investment consultant.
Exxon Mobil to disclose sustainability metrics in setting executive pay
trueWespath Investment Management, the investment division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church, agreed to withdraw a shareholder proposal at Exxon Mobil Corp. after the company agreed to disclose sustainability-related ...
U.S. Steel agrees to disclose political spending following N.Y. State Common proposal
trueNew York State Common Fund withdrew a shareholder proposal it filed at United States Steel Corp. after the company agreed to disclose its political spending.
Bank of America adopts proxy access after discussions with 3 major pension funds
trueBank of America Corp.’s board of directors adopted a proxy access amendment to its corporate bylaws, allowing shareholders to nominate some members to the board, said an 8-K statement filed Friday with the Securities and Exchange Commission.
Starbucks CEO, 5 executives facing opposition on pay
trueThe compensation of Starbucks Corp.’s CEO and five other top executives faces opposition from CalSTRS, Ontario Teachers’ Pension Plan and the Florida State Board of Administration.
L.A. County DC plans preparing proxy advisory RFP
trueLos Angeles County Deferred Compensation and Thrift Plans is preparing to launch an RFP for a proxy advisory firm later this month.
Prudential board adopts proxy access; NYC systems withdraw 2 proposals
truePrudential Financial Inc.‘s board of directors adopted proxy access, enabling shareholders to nominate candidates starting next year.
POLL: Which of these shareholder proposals is the most important for boards to address?
trueIn all so far this corporate annual meeting season, some 700 shareholder proposals have been filed, compared to about 1,000 in all of last year, according to Institutional Shareholder Services Inc., Rockville, Md.
CPPIB, FSBA to oppose Apple's executive pay package, support proxy access
trueCanada Pension Plan Investment Board and the Florida State Board of Administration plan to vote against Apple Inc.'s pay plan for CEO Tim Cook and other top executives, according to their proxy voting disclosures.
ISS, Glass Lewis on opposite sides of say-on-pay, proxy access proposals at Apple
trueTwo major proxy voting advisory firms have taken opposing sides on non-binding say-on-pay and proxy access proposals at Apple Inc.
Guidance for investment committees is overdue
trueThe need for guidance for investment committees is overdue. While there are many investment committees that achieve the advantage of good governance, a great many have no clear understanding of how they should function.