Corporate governance

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  1. SEC round-table panelists debate necessity for universal proxy ballot

    trueCorporations should adopt a universal proxy ballot enabling shareholders to vote for both management and activist nominees for boards of directors on the same voting card, Anne Simpson, senior portfolio manager and director of global governance at CalPERS, said Thursday as a panelist for an SEC ...

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  1. Cash needs to be put to work

    truePension funds and other asset owners can limit the cash positions in their portfolios, but they cannot significantly influence other huge pools of cash sitting on the sidelines — cash idle on corporate balance sheets. This must change.

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  2. BP follows Shell in endorsing shareholder proposal on climate risk disclosure

    trueBP PLC, London, on Friday endorsed a shareholder proposal filed at the company 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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  3. 5 companies to disclose political spending following New York State Common proposals

    trueFive companies in the portfolio of the New York State Common Retirement Fund have agreed to disclose their political spending.

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  4. 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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  5. Pension fund managers push Oracle on several shareholder issues

    truePGGM NV and RPMI Railpen called on Oracle Corp. to implement proxy access, adopt an executive compensation structure shareholders can support and develop a policy to allow shareholders to communicate directly with the board.

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  6. 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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  7. 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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  8. 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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  9. 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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  10. 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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  11. 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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  12. 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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  13. Activism pays

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

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