Corporate governance

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  1. Shell endorses shareholder proposal on climate risk disclosure

    trueRoyal Dutch Shell PLC on Thursday endorsed a shareholder proposal at the company filed by a group of global pension funds and other institutional investors calling for more disclosure by the company on climate risk.

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  1. Law professors respond to Gallagher's accusations

    trueA Securities and Exchange Commission member's dispute with a prominent Harvard Law School professor has turned into something of a gang fight, academic style.

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  2. Pension funds, asset owners file BP shareholder proposal on climate change risk

    trueA group of more than 150 global pension funds and other assets owners on Wednesday co-filed a shareholders proposal at BP PLC, calling for the company to assess and manage the risk of climate change on its business, including reforming executive compensation incentives, said members of the ...

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  3. SEC to revisit proxy access conflict rule

    trueThe SEC will revisit proxy rules that allow companies to exclude shareholder proposals that are in direct conflict with management proposals, Chairwoman Mary Jo White said.

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  4. SEC prioritizes market risks for 2015, will continue to review private equity fees

    trueSEC compliance officials will spend 2015 focused on protecting retail investors' retirement savings and assessing market risks

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  5. Investors, companies to fight over who pays litigation fees

    trueBattle lines are being drawn over last year's Delaware court ruling that lets companies shift legal fees to investors bringing lawsuits.

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  6. Public pension funds, manager call on Monster Beverage to increase board diversity

    trueNew York State Common Retirement Fund filed a shareholder proposal with Monster Beverage Corp., calling on the company to report any plans to increase gender and racial diversity on its board.

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  7. Former SEC chairman calls agency's proxy guidance a 'positive first step'

    trueSEC staff guidance on proxy voting and the use of proxy advisory firms “is a rich opportunity for public companies to take the initiative back,” former SEC Chairman Harvey Pitt said Wednesday.

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  8. Activism pays

    trueActivist hedge fund assets have grown at a rapid pace, likely driven by the attractive return profile.

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  9. Shareholders approve pay package for Microsoft CEO, top executives

    trueA majority of shareholders approved Microsoft Corp.’s executive pay package for CEO Satya Nadella and four other top executives.

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  10. Hedge fund investor group releases latest best practices principles

    trueAlignment of Interests Association, Austin, Texas, on Tuesday released the latest version of its hedge fund best practices manifesto, including guidelines designed to better align the interests of asset owners and hedge fund managers.

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  11. Shareholders propose that Exxon Mobil return capital to offset climate change risk

    trueA shareholder proposal filed Tuesday calls for Exxon Mobil Corp. to return capital to shareholders to protect investor value from potential risk of stranded fossil-fuel assets from climate change disruption.

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  12. NAPF: More U.K. pension funds screen money managers' stewardship

    trueEighty percent of pension funds in the U.K. screen money managers for stewardship activity — that is, the active monitoring of and engagement with companies, as well as exercising their voting rights, the National Association of Pension Funds found in its annual engagement survey, published Monday.

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  13. CalPERS supports 85% of management proposals in Q3

    trueCalPERS voted on 10,937 resolutions (10,895 management and 42 shareowner), supporting 85% of management and 64% of shareowner proposals in the quarter. Those figures were little changed from the previous quarter, when support levels were 85% and 64%, respectively.

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