More than 80 reporters from 26 countries sifted through up to 1,000 leaked documents and collaborated across borders to tell the Luxembourg Leaks story on multiple platforms. But one of the main difficulties reporters faced was translating the complexity of the financial arrangements laid out in the leaked documents to language and examples that a broad audience could understand. The animation below, Luxembourg […]
Total shareholder return (TSR), is the most frequent metric used to pay CEOs for performance. The authors of this excellent study from IRRCi believe CEO pay should, instead, be linked to the cost and future value of capital. CEO Pay for ‘Performance” In 1993, Congress amended the tax code to tie executive pay to “performance” […]
This is the third in a multi-part series on the main program of the 25th annual SRI Conference on Sustainable, Responsible, Impact Investing held November 9–11, 2014 at The Broadmoor in Colorado Springs. See also Video Friday: What is Sustainable, Responsible, Impact Investing?, Violating Indigenous Peoples’ Rights Increases Industry Risks, Surveys: Nonprofit Board Members & SRI 2014 Conference Attendees, 25th Annual Conference on […]
This is the second in a multi-part series on the 25th annual SRI Conference on Sustainable, Responsible, Impact Investing held November 9–11, 2014 at The Broadmoor in Colorado Springs. See also Video Friday: What is Sustainable, Responsible, Impact Investing?, Violating Indigenous Peoples’ Rights Increases Industry Risks, Surveys: Nonprofit Board Members & SRI 2014 Conference Attendees, Sustainable, Responsible, Impact Investing: Part 1. The Agenda […]
The UK Law Commission’s final 2014 report and guidance on fiduciary duty: The Review identified widespread concern about how fiduciary duties were interpreted in the context of investment. In particular, some stakeholders felt: it was not clear who in the investment chain was subject to fiduciary duties and what those duties were; their fiduciary duties […]
The 25th annual SRI Conference on Sustainable, Responsible, Impact Investing was held November 9–11, 2014 at The Broadmoor in Colorado Springs. I’ve been working with many of the organizers, sponsors and participants for years but this was my first time to the SRI annual conference. I attend a lot of conferences every year but this […]
The Hain Celestial Group, Inc. (NASD:HAIN), which manufactures, markets, distributes, and sells organic and natural products, is one of the stocks in my portfolio. Their annual meeting is coming up on 11/20/2014. ProxyDemocracy.org had collected the votes of two funds when I checked on 11/18/2014. Sorry for the late post. Today is the last day to vote online. I […]
Cisco Systems, Inc. (NASD:CSCO), which designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide, is one of the stocks in my portfolio. Their annual meeting is coming up on 11/20/2014. ProxyDemocracy.org had collected the votes of four funds when I checked on 11/18/2014. Sorry for the late post. […]
Two important surveys are now underway. If you are a board member (director) with a nonprofit, please respond to the first survey request below. If you attended the SRI 2014 Conference in Colorado Springs last week, please find details in the second survey request below. (more…)
A new report finds that US extractive companies expose shareholders to risks by neglecting Indigenous Peoples’ rights First Peoples Worldwide released the Indigenous Rights Risk Report at the SRI Conference on Sustainable, Responsible, Impact Investing, a product of two years of consultations with investment analysts, industry professionals, and Indigenous Peoples. The report analyzes 52 U.S. oil, gas, […]
Sustainable, Responsible, Impact Investing was the subject of the 25th annual SRI Conference, held November 9–11, 2014 at The Broadmoor in Colorado Springs. I’ll post some notes from the conference, beginning next week. Meanwhile, take a look at the Twitter feed at #SRIC14. Sustainable, Responsible, Impact Investing (or “SRI”) is becoming more and more popular as investors seek […]
The Australian Government is set to repeal an existing provision in the Corporations Act that allows 100 shareholders the flexibility to require a company to convene an extraordinary general meeting (EGM) to consider a resolution outside of the annual meeting process. Business lobbyists including the Business Council of Australia (BCA) and the Australia Institute of […]
In a global first, a group of institutional asset owners and managers are jointly calling for comprehensive transparency and disclosure to be adopted as core principles in reform of the international taxation system to be put before the G20 Leaders Summit in Brisbane this weekend. The group including the £150B UK Local Authority Pension Fund […]
Public dissent by directors should be encouraged, not penalized. If we don’t learn where directors stand on the issues and how they differ from each other, how do we know who to vote for? Two actions by CalPERS fifteen years apart are instructive. (more…)
The following is a guest post from Aaron Bernstein. editor of Global Proxy Watch and a Senior Research Fellow at the Labor and Worklife Program at Harvard Law School. This piece originally appeared in the November 7, 2014 edition of GPW. I reformatted, added the title, graphics and ads. Let’s hope the SEC recognizes Whole Foods […]
The following is unsolicited and unpaid, brought to readers in the spirit of public service and spreading news from the help wanted ads. Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. […]
We studied ‘corporate governance’ but never new its name until Bob Tricker defined the field. Discussions all over the world took on new meaning. Thirty years later, he is still in the vanguard of ensuring effective performance and social accountability, rooted in rigorous research. Governance is the defining issue of the 21st century and Bob Tricker […]
James McRitchie, the publisher of Corporate Governance and one of three retail shareowners accused in the New York Times of holding Corporate America ‘hostage,’ will be in Colorado Springs November 8th through the 12th, attending the SRI Conference on Sustainable, Responsible, Impact Investing. I am eager to meet with readers to discuss activist corporate governance strategies and […]
Here’s one of the most interesting proxy proposals I have seen so far during this new season. I wasn’t aware of similar resolutions filed by Zevin until recently notified by Timothy Smith. If BNY Mellon is a PRI signatory, why are they consistently voting against what PRI stands for? Let’s see more proposals like this. […]
What is Green Investing? “Green Investing” is the phrase I use to describe the process of aligning your investments with your values, social as well as environmental. Many people don’t know that they own companies in their mutual funds and retirement plans that conflict with their beliefs. Financial advisors who specialize in this area use […]
Broadridge Financial Solutions, Inc. (BR), which provides investor communications and technology-driven solutions for the financial services industry, is one of the stocks in my portfolio. Their annual meeting is coming up on 11/13/2014. ProxyDemocracy.org had collected the votes of two funds when I checked on 11/3/2014. I voted with management 80% of the time and assigned them a proxy […]