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SEC round table discusses shift in who pays for proxy-voting services
trueMoney managers might need to charge clients for proxy voting to help finance the expense , Michelle Edkins, managing director and global head of corporate governance and responsible investment, BlackRock, said Thursday at the SEC's proxy advisory services round-table webcast.
Canadian pension funds offer proposals on board diversity
trueThe Ontario Teachers' Pension Plan and the British Columbia Investment Management Corp. have made specific proposals to the Ontario Securities Commission on increasing gender diversity among members of corporate boards.
Cohen & Steers to separate chairman, CEO roles
trueCohen & Steers Inc. plans to separate the chairman and CEO roles, effective Jan. 1.
Norway mulls handing over divestment decisions on $577 billion fund to central bank
trueNorway's Government Pension Fund Global, Oslo, should delegate decisions on divestment to Norges Bank Investment Management, which manages the 3.3 trillion Norwegian kroner ($577.4 billion) fund, according to a set of recommendations in a report released Monday.
Oracle shareholders reject executive pay, again
trueOracle Corp. shareholders rejected the pay packages of CEO Larry Ellison and other executives, hewing to the calls by institutional investors and a proxy adviser that said their compensation is out of sync with the company's performance.
Group of institutional investors urges top oil, power companies to tap clean energy
trueA group of 71 institutional investors worldwide launched a coordinated effort targeting 45 of the world's top fossil fuel and power companies, calling on them to shift to greener energy sources or return capital to shareholders.
Institutional investors lose board election, executive pay votes at 21st Century Fox
trueTwenty-First Century Fox Inc., shareholders voted with corporate management on all proxy proposals, including electing all 12 directors and ratifying CEO and other top executive compensation as well as defeating a shareholder proposal calling for an independent chairman.
Institutional investors call for slew of changes at 21st Century Fox
trueCalSTRS plans to vote against the election of all 12 directors, including K. Rupert Murdoch, James R. Murdoch and Lachlan K. Murdoch, to the board at Twenty-First Century Fox Inc.
Witnesses to a revolution
trueThe landscape of institutional investing was beginning a transformation at the time Pensions & Investments published its initial issue in October 1973.
CEO pay disclosure seen as costly burden that won't help investors — Towers Watson
trueOnly one in 10 compensation professionals at U.S. corporations believes CEO pay ratio disclosure will provide useful information for investors and companies, according to results of a survey by Towers Watson.
Wilshire: 'CalPERS Effort' improves company stock performance
trueCalPERS' so-called focus list program continues to demonstrate “strong evidence of excess returns” for companies targeted by the pension fund to improve corporate governance practices, according to a review by investment consultant Wilshire Associates.
ISS names new marketing chief
trueNancy Adler joined Institutional Shareholder Services as executive director and head of marketing.
Chicago Teachers picks Marco Consulting as proxy-voting adviser
trueChicago Public School Teachers' Pension & Retirement Fund hired Marco Consulting Group to provide proxy-voting advisory services.
NYSTRS searching for proxy-voting firm
trueNew York State Teachers' Retirement System, Albany, is searching for a proxy-voting research and advisory firm.
Swedish AP funds looking for proxy-voting firm
trueSwedish National Pension Funds are searching for a proxy voting firm to provide global voting services.