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New York comptrollers call on SEC to enforce climate change disclosures at companies
trueNew York state Comptroller Thomas DiNapoli and New York City Comptroller Scott Stringer on Friday said the SEC should “consider enforcement and other actions” to make fossil-fuel companies improve disclosure of “material risks” that climate change “poses to their business.”
No one wins in proxy recommendation on Wynn Resorts
trueWynn Resorts Ltd. and Elaine Wynn, who has been battling the casino company to keep her board seat, were both handed a setback after a proxy advisory report criticized corporate governance.
Fulfilling a valuable purpose
truePension funds should stop trying to save the world and reaffirm their focus on securing retirement benefits for millions of participants.
Canadian workers' compensation plan looking for consultant to assist in OCIO search
trueWorkplace Health, Safety and Compensation Commission, St. John’s, Newfoundland and Labrador, is searching for an investment consultant to help the C$1 billion ($796 million) workers’ compensation plan choose an outsourced CIO provider.
Wendy's to support proxy access vote following Philadelphia pension fund proposal
truePhiladelphia Public Employees Retirement System withdrew a shareholder proposal at Wendy's Co. after the company agreed to submit management-supported proxy access amendments to its certificate of incorporation and bylaws to a vote at its 2016 annual meeting, Wendy's announced in a news release ...
ADM adopts anti-deforestation policy following N.Y. State Common proposal
trueNew York State Common Retirement Fund, Albany, announced Tuesday that Archer Daniels Midland agreed to adopt policies under which it will accept from suppliers only soybean and palm oil products that aren't due to deforestation.
SEC should increase board diversity disclosure — public pension funds
trueNine large public pension funds asked the SEC on Tuesday to require companies to disclose more about their boards’ diversity.
Ackman: Shareholder activism driving bull market
trueShareholder activism deserves much of the credit for the bullish stock market in recent years, William A. Ackman, founder and CEO of Pershing Square Capital Management, told the more than 560 attendees Monday at a conference of the Council of Institutional Investors in Washington.
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.